Headquarters
India
Stock Exchange Listings
Not listed
Workforce
Employees: 20,447 (31/03/2020)
Contract workers: Not Reported (Not Reported)
Total: Not Reported (Not Reported)
Geographic Footprint
Producing countries: 4
Known tax jurisdictions: 19
Revenues (in BUSD)
Total Revenue: 11.722 (31/03/2020)
Net Income: 0.323 (31/03/2020)
State Ownership
No State ownership
2019 Fatalities
Total worker fatalities: 14
  • Employees: 2
  • Contract workers: 12
Others: Not Specified
2020 Fatalities
Total worker fatalities: 7
  • Employees: 1
  • Contract workers: 6
Others: Not Specified
Home countries, where the company is headquartered
Producing countries, where the company has mining operations
Mine sites selected for mine-site-level assessment

Summary of Results

Economic DevelopmentBusiness ConductLifecycle ManagementCommunity WellbeingWorking ConditionsEnvironmental Responsibility0%20%40%60%80%100%
  • Vedanta
  • RMI average
  • Collective Best Score

Absolute results are low overall and Vedanta’s results are largely dependent on the formal commitments it has made, including on preventing bribery and corruption, respecting human rights, ensuring safe and healthy working conditions, and managing its environmental impacts.

The company shows evidence of improvement since the RMI Report 2020, including the introduction of a company-wide technical standard outlining collaboration with its workforce and with affected communities on managing site closure, as well as an Indigenous Peoples Vulnerable Tribal Groups Technical Standard designed to ensure its operations develop plans to respect the rights of Indigenous Peoples.

Vedanta shows relatively stronger results on several issues including for example the disclosure of information on fatalities and serious injuries and safety incidents.

Vedanta is associated with a leading practice on having developed a management standard for acquisitions, Joint Ventures and disposals that integrates ESG considerations into decision-making.

Vedanta’s results are above the average in all six thematic areas, reflecting its establishment of formalised commitments and company-wide systems on a range of issues. For example, the company has a system in place designed to ensure its operations identify and mitigate potential impacts of involuntary displacement of project-affected people. The company’s results also stem in part from its public disclosure of information on the location and safety of its tailings storage facilities and evidence that it tracks its performance on addressing potential risks related to those facilities. On the other hand, the company’s overall results are limited by a lack of evidence on issues such as collaborating with sub-national governments on socio-economic development planning or disclosing the legal titles granting it the right to mine.

Vedanta ranks 24th among the 40 companies on its mine-site-level results, with an average score of only 6% in the mine-site assessment. Moreover, none of the seven Vedanta mine sites assessed show any relevant evidence on eight of the fifteen issues covered in the mine-site assessment: local procurement, safety of communities, community grievances, safety and health of workers, women workers, workplace deaths and injuries, worker training, and living wage.

Overall results

Economic Development

23.80 / 100.002022
26.00 / 100.002020

Business Conduct

44.00 / 100.002022
43.00 / 100.002020

Lifecycle Management

26.90 / 100.002022
18.00 / 100.002020

Community Wellbeing

19.70 / 100.002022
13.00 / 100.002020

Working Conditions

40.80 / 100.002022
41.00 / 100.002020

Environmental Responsibility

33.30 / 100.002022
31.00 / 100.002020

Average Mine-Site Score

6%2022
2022
24
%
2020
26
%

Economic Development

2022
44
%
2020
43
%

Business Conduct

2022
27
%
2020
18
%

Lifecycle Management

2022
20
%
2020
13
%

Community Wellbeing

2022
41
%
2020
41
%

Working Conditions

2022
33
%
2020
31
%

Environmental Responsibility

2022
6
%

Average Mine-Site Score

Results per measurement area

Commitment

(9 indicators)

Action

(42 indicators)

Effectiveness

(20 indicators)

Results per indicator

Economic Development

Mine-site Results

Mine sites selected for individual assessment (but not included in the overall company score)

Click on a mine site name to open its individual result page
Black MountainBodai DaldaliGamsbergRampur AguchaSindesar KhurSkorpionZawar
Local Employment
(score /4)
0.50.00.50.00.00.00.0
Local Procurement
(score /4)
0.00.00.00.00.00.00.0
Air Quality
(score /4)
0.00.00.01.51.50.01.5
Water Quality
(score /4)
0.00.00.01.51.50.01.5
Water Quantity
(score /4)
0.00.00.01.01.00.01.0
Rehabilitation and Post-Closure
(score /4)
0.00.00.00.00.50.00.0
Tailings Management
(score /4)
1.01.01.01.0-1.01.0
Safety of Communities
(score /4)
0.00.00.00.00.00.00.0
Community Grievances
(score /4)
0.00.00.00.00.00.00.0
Safety and Health of Workers
(score /4)
0.00.00.00.00.00.00.0
Women Workers
(score /4)
0.00.00.00.00.00.00.0
Workplace Deaths and Injuries
(score /4)
0.00.00.00.00.00.00.0
Training of Workers
(score /4)
0.00.00.00.00.00.00.0
Decent Living Wage
(score /4)
0.00.00.00.00.00.00.0
Worker Grievances
(score /4)
1.01.00.51.01.01.01.0
Mine Site Score
(%)
4.03.03.010.010.03.010.0

Operational mine sites

Mine Site NameAliases/Other namesCountryCompany's share (%)ProductsMining types
A. NarrainKarnataka MineIndia100Iron OreOpen-pit
Black MountainAggeneys, BMM, Deeps, Swartberg, VZISouth Africa37.24Zinc, Lead, Copper, SilverUnderground
Bodai DaldaliKawardha, BALCOIndia25.67BauxiteOpen-pit
ChotiaBALCOIndia25.63CoalOpen-pit
GamsbergBMM, VZISouth Africa37.19ZincOpen-pit
KayadHZL (Hindustan Zinc Limited)India32.67Zinc, LeadUnderground
Konkola*Chililabombwe, KCMZambia79.42Copper, CobaltUnderground
MainpatBALCOIndia25.63BauxiteOpen-pit
Nampundwe*KCMZambia79.42PyriteUnderground
Nchanga*Chingola, KCMZambia79.42Copper, CobaltOpen-pit, Underground, Tailings Leach
Rajpura DaribaHZL (Hindustan Zinc Limited)India32.67Zinc, LeadUnderground
Rampur AguchaHZL (Hindustan Zinc Limited)India32.67Zinc, LeadOpen-pit, Underground
Sindesar KhurHZL (Hindustan Zinc Limited)India32.67Zinc, LeadUnderground
SkorpionVZI, Pit 112Namibia50.33ZincOpen-pit
ZawarHZL (Hindustan Zinc Limited), Mochia, Balaria, Zawar Mala, BaroiIndia32.67Zinc, LeadUnderground
*not included in RMI assessment

Closed mine sites (known)
(controlled assets under care & maintenance, closure or post-closure management)

Mine Site NameAliases/Other namesCountryCompany's share (%)ProductsMining typesYear of closure
BicholimGoa Mine, SanquelimIndia50.25Iron OreOpen-pit2018
CodliGoa Mine, Gauthona DusrifalIndia50.25Iron OreOpen-pit2018
Highway Reward-Australia50.25CopperUnderground2005
LisheenVZIIreland50.25Zinc, LeadUnderground2016
MatonMatoon, HZL (Hindustan Zinc Limited)India32.67Phosphate RockOpen-pit2019
Mount Lyell-Australia50.25Copper, Gold, SilverUnderground2014
SonshiGoa MineIndia100Iron OreOpen-pit2018
SurlaGoa MineIndia50.25Iron OreOpen-pit2018

Tax Jurisdictions (known)

Australia

Curaçao

Cyprus

India

Ireland

Japan

Jersey

Liberia

Mauritius

Namibia

Netherlands

South Africa

South Korea

Sri Lanka

Taiwan

UAE

UK

USA

Zambia