- Water scarcity at multiple business units.
- Flooding at iron ore business units.
- Cyclone risks at aluminum units.
- High temperatures at multiple units.
- Increased demand for greener products.
- CBAM costs.
- Higher costs of raw materials.
- Cost of switching to cleaner energy sources.
- Potential carbon tariffs linked to trade.
- Increased regulatory and compliance costs.
Vedanta Limited
Greenhouse gas emissions & sustainability report data
In its FY2023 reporting, Vedanta Limited disclosed greenhouse gas emissions of 103.5M tCO2e/year. By scope: Scope 1: 57.17 million tCO2e/year; Scope 2: 8.18 million tCO2e/year; Scope 3: 38.19 million tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
103.5M tCO2e/year
FY2023
Energy Use
571.34 million MWh/year
FY2023
📊 Emissions by Scope (FY2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 57.17 million tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 8.18 million tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 38.19 million tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| FY2023 | 103.5M tCO2e/year |
| FY2016 | 42 million mt CO2e |
| 2022-23 | 65.62 million tCO2e |
| 2022-04 to 2023-03 | 65.7 million tCO2e |
| 2021-04 to 2022-03 | 62.83 million tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced GHG emissions intensity by 3.56% in FY2023 against the baseline year of FY 2021.
- 788 MW of renewable energy (RE) round-the-clock (RTC) Power Delivery Agreements (PDAs) signed (31.5% of 2030 target).
- 4x increase in use of biomass in operations (FY23: ~78,000 MT Vs FY22: 18,000 MT).
- 233 MW RTC equivalent of renewable energy used (FY21: 67 MW).
- Introduction of an Internal carbon pricing (ICP) across all businesses: $15/tCO2e (average price).
- Nearly 164% of high-volume-low toxicity waste reused in FY2023.
- 5% reduction in overall water consumption.
🎯 Climate & Sustainability Targets
🔜 Short-term
- 20% reduction to GHG intensity (tCO2e/MT) of metals businesses by 2025
- 10% increase in water recycling rate by 2025
- 15% reduction in freshwater consumption by 2025
- 100% HVLT generated Waste to be utilised by 2025
📅 Medium-term
- 25% reduction in absolute emissions by 2030 (baseline: FY2021)
- 20% reduction in GHG intensity of Metals business by 2030 (baseline: FY2021)
- Achieve 2.5 GW of renewable energy for its operations by 2030 (baseline: FY2021)
- Set a target for Scope 3 emissions reduction for material categories by 2030
🔭 Long-term
- Net Zero Carbon by 2050 or sooner
🌱 ESG Focus Areas
Climate Change