INVESTORS & LENDERS
Investors and lenders constantly seek information from the organisation on the safety of their capital, how it is deployed, and what are the returns expected. Vedanta continually engages with all providers of capital, through detailed audited financial reports and other focused engagement mechanism such as SRIs and Sustainable Development Day.
Vedanta is committed to deliver sustainable and responsible growth that creates value for all stakeholders. To showcase some of the milestones traversed in this journey, Vedanta Resources hosted the second Sustainable Development Day in London. Detailed updates on the Company's sustainable development activities were shared with analysts, investors and members of key industry bodies. The entire management team, including Chairman Mr. Anil Agarwal, was available for an open discussion.
Ahead of the event, Vedanta had sought views from participants on the sustainable development issues they would like to know more about. In congruence with participant responses, detailed presentations were made on the Company's overall approach to sustainability and on specific areas such as climate change, environmental management, safety, fatality prevention, community relations and human rights.
DESHNEE NAIDOO, CEO Vedanta Zinc International, shared how the focus has moved from accident prevention to fatality prevention, and to identifying and managing critical hazards and controls.
The natural resources industry is highly regulated and it is important to engage with the Government on project progress, local challenges, community developments and other processes for formulating fair policies. To ensure community development through Public-Private- Partnership model, Vedanta proactively engages with the local and national governments of the geographies it operates in, on a regular basis.
Hindustan Zinc signed an MoU with Government of Rajasthan to support 3,055 Anganwadis in 5 Districts.
Black Mountain Mining (BMM) supports the World Health Organization (WHO) and South African Government's 2020 strategy which focuses on improving the health status by preventing illness and disease, and eliminating avoidable blindness.
The Mukhya Mantri Jal Swavlamban Abhiyan (MJSA) has been launched by the state government of Rajasthan to ensure effective implementation of water harvesting projects and water conservation activities. Our businesses in Rajasthan have wholeheartedly supported this campaign and have helped construct a number of community water conservation projects.
Constructive competition is the need of the hour in the Natural Resources industry. We actively take part in various global and local industry fora to communicate our vision for the sector as well as keep abreast with new perspectives. We also regularly interact with academia for strategic inputs and with the media to raise the industry awareness amongst the public.
Mr. Anil Agarwal participated in the World Economic Forum, Davos 2017, where the focus was around the 'Fourth Industrial Revolution', the role of technology and its potential to transform the future of mankind. Every year, the world's best minds and global leaders assemble at Davos for the World Economic Forum annual meeting to discuss the state of the world.
Mr. Anil Agarwal co-chaired the India Economic Summit in New Delhi. The theme of the summit this year was 'Fostering an Inclusive India through Digital Transformation'. More than 600 delegates from over 30 countries including political leaders, top policymakers and CEOs participated in the summit organised by World Economic Forum and Confederation of Indian Industry (CII).
Mr. Anil Agrawal and CEO Tom Albanese participated in Investing in African Mining Indaba. It is an annual professional conference dedicated to the capitalisation and development of mining interests in Africa and currently the world's largest mining investment conference and Africa's largest mining event.
The 13th International Mining & Machinery Exhibition (IMME) in 2016 featured 290 exhibitors, with participants from countries such as Australia, China, Germany and Russia. At the event, Vedanta showcased its CSR and Sustainability initiatives. This immersive experience was applauded by numerous visitors, ranging from company directors and government officials to students and prospective vendors.
Mr. Anil Agrawal announced various business and social initiatives for the state, at the Momentum Jharkhand Global Investors' Summit. The summit aims to establish Jharkhand as a premier investment destination for both foreign as well as domestic investors.
The 'Make in Odisha' Conclave was held in Bhubaneswar with the key objective of showcasing the manufacturing prowess of the state and the investment opportunities across focus sectors. Vedanta took active part in the conclave with a centrally-located stall highlighting group-wide achievements in sustainability, CSR and business.
The 12th edition of the flagship event of India's hydrocarbons sector was held in New Delhi. Cairn India's stall featured scale models of the Cairn Enhanced Oil Recovery process and Water ATM initiatives, eliciting tremendous interest among the visitors which included Union Minister for Petroleum and Natural Gas, Mr. Dharmendra Pradhan.
The media is a source of information that helps civil society stay abreast with and to shape the public policy agenda and priorities. Our media strategy is to provide credible information consistently to shape the true brand image of Vedanta among our stakeholders and builds trust through transparency. We regularly communicate with international, national and regional news channels, and the print media leading to a wide coverage of Vedanta's performance and goals.
While media is a gateway to all our stakeholders, one of our vital constituencies is the media itself. During the reporting period, we conducted a dipstick research about Vedanta with 25 key journalists and analysts of the natural resources sector. The findings were very encouraging.
respondents gave a bright outlook of Vedanta
mentioned CSR as one of the positives of the company
mentioned credible management as a positive of the company
indicated regulatory hurdles as being a key challenge for Vedanta
Social Media has gained traction across the group and among our leadership team. Daily engagement helps highlight the Group's achievement, trigger insightful conversations and maintain engagement with stakeholders. All group companies have a presence on social media platforms.
Our senior management as well as flagship programmes are active on Twitter.
Awards won by Vedanta and its various businesses Projects on literacy, skill development and the launch of Nand Ghar
ENGAGING WITH COMMUNITIES
We work in some of the world's most remote regions, and we have a responsibility towards the local communities. We follow a two-pronged approach: We undertake CSR activities to create a positive social impact, and we proactively engage with the community to resolve trust deficit issues, if any. We listen intently to concerns of the community, evaluate and address them. We also share factual data on how the community will benefit economically, socially and environmentally through our projects.
In Odisha last year, Vedansh was launched to create awareness on developmental initiatives, technical excellence, innovation, sustainable efforts, commitment of our workforce in Lanjigarh and Jharsughuda and our commitment to the state and nation to a wider section of people. 'Vedansh' - our development diary, is telecast every Sunday on News 7. News 7 is among the top two Odia News Channels of Odisha with a wide viewership base globally viewed by Odia community.
For more information about our community-centric initiatives and programmes, please refer to the Community section of the report.
Civil society plays multiple roles in the nation's governance and development agenda alongside governments and industry. They are facilitators, conveners, innovators as well as service providers, advocates and grantors of societal license. We strongly believe that civil society is a glue that binds public and private activity together in such a way that it amplifies the common good. With an overarching mission to serve society, we are always eager to engage in a constructive dialogue and take feedback. Our recently conducted third party dipstick assessment with various stakeholders including civil society showed our improvement in creating harmony among our local communities in India, South Africa and Zambia.
Our employees are our brand ambassadors and it is vital that they remain updated about the vision, mission, goals and progress of the Group and its businesses. We engage with them on a regular basis through town hall meetings, e-zines, newsletters, social media, group interactions and the newly introduced V-connect app. Our engagements have a threefold objective: receive on-ground feedback on stakeholder expectations, listen to their views on ongoing initiatives, and receive suggestions for new ones, plus keep them informed about the organisation's actions and plans so that they feel connected and can hold informed conversations with stakeholders.
A strong brand effectively achieves acceptance among all its stakeholders, and builds employee satisfaction and retention, adding value to the core purpose of the organisation. On March 27, 2017, we launched our corporate advertising campaign, to create awareness on the positive impact of natural resources in the lives of every individual.