The only company in the natural resources sector to achieve the full score across all disclosure parameters
India CSR News Network
NEW DELHI: Vedanta Limited, a globally diversified natural resources company, has been ranked as India’s leading publicly listed company in the India Disclosure Index 2016 report by FTI Consulting. Vedanta achieved full scores on all parameters that were studied across the Mandatory Disclosure, Voluntary Disclosure and Composite Disclosure categories, making it the leader of India’s top 200 companies.
Vedanta is the only company in the natural resources sector to achieve the highest possible score across all parameters. Vedanta stands among 8 leading BSE 100 companies that attained the maximum composite disclosure score of 10.
The results are testament to Vedanta’s commitment to transparency and adherence to global best practice in corporate governance. Tom Albanese, CEO, Vedanta, said, “Vedanta’s leading position in the India Disclosure Index report reflects our commitment to the highest standards of disclosure and corporate governance. At Vedanta, we follow compliance standards that are on par with our global peers. We are committed to leading the way in corporate governance, and our policy is one of transparency and continuous improvement of our disclosure practices.”
Since the 2015 India Disclosure Index report, Vedanta has significantly improved its ranking, scoring 10/10 in Composite Disclosure, compared to 7.5/10 last year.
Vedanta’s commitment as a transparent and responsible corporate citizen, reflects on the company’s emphasis on principles of community dialogue and mutual respect. The approach to disclosure processes goes beyond mandatory legal requirements and includes reporting across a wide range of areas, including sustainable development, safety, employee diversity and inclusion, talent development and senior management succession planning.