Vedanta Publishes Pioneering TNFD Report Highlighting Biodiversity and Environmental, Social, and Governance Risks

Vedanta Limited, a global natural resources company, has released its first Taskforce on Nature-related Financial Disclosures (TNFD) report, setting a new standard for businesses to assess and manage their impact on nature. The report outlines the company’s initiatives to mitigate nature-related risks and leverage opportunities for sustainable growth. Vedanta has implemented transformative initiatives, including a biodiversity offset agreement, independent audits, and a pledge to plant 7 million trees by 2030. The company has also achieved a water positivity ratio in five business units and reduced freshwater withdrawal by 2.7% since 2021. Vedanta’s forward-looking approach aims to expand its disclosures to include upstream and downstream value chains and achieve net-positive biodiversity impact and net-zero carbon emissions by 2050. The company’s efforts aim to not only benefit ecosystems but also establish a new standard for sustainability in the natural resources sector.