BALCO is prioritising on environmental conservation, social responsibility, and good governance within the
operations.
Based on the industry-leading standards established by SASB, MSCI, S&P Global, and ICMM, the material topics have been identified. In the short, medium, and long terms, the development of our business plans and the formulation of our sustainability strategy will be significantly influenced by the material topics we have identified. We have prepared a consolidated list of material topics from which the Mutually Exclusive and Cumulative Exhaustive (MECE) set of material topics has been considered the base for the stakeholder’s survey.
Process
26 Topics emerged as the material topics for BALCO across E, S, and G dimensions
High Priority Topics
- Climate change and decarbonization
- Air emissions and quality
- Water management
- Waste management
- Community engagement & development
- Health, safety, and well-being
- Business ethics & corporate governance
- Risk management and controls
- Long term growth and profitability
Medium Priority Topics
- Tailings management
- Biodiversity and ecosystems
- Human rights
- Labor practices
- Talent attraction and retention
- Land acquisition, rehabilitation and closure
- Indigenous people and cultural heritage
- Diversity, equal opportunity and inclusion
- Responsible advocacy
- Data privacy and security
- Innovation and R&D
- Product stewardship
- Materials management and circularity
- Sustainable and inclusive supply chain
- Learning & development
Low Priority Topics
- Pandemic response & preparedness
- Macro-economic & geopolitical context
9 High Priority material topics were identified for Vedanta Aluminium
High priority Material Topics
