Vedanta Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, disclosing a reduction in greenhouse gas (GHG) emission intensity and water consumption intensity. The report, submitted to BSE Limited and National Stock Exchange of India Limited, includes an Independent Auditors’ Assurance Report provided by M/s. S.R. Batliboi & Co. LLP.

The company reported total Scope 1 emissions of 68,218,241 metric tonnes of CO2 equivalent and total Scope 2 emissions of 32,30,048 metric tonnes of CO2 equivalent for FY 2025-26. The combined Scope 1 and Scope 2 emission intensity per rupee of turnover stood at 0.000040322, an improvement from 0.000043747 in the previous year. In terms of physical output, the emission intensity was 5.51 metric tonnes of CO2 equivalent per MT of production, compared to 6.00 in FY 2024-25.

Environmental Performance

Vedanta reported a total water withdrawal of 23,31,78,541 kilolitres and total water consumption of 23,93,58,503 kilolitres. Water intensity per rupee of turnover improved to 0.0001351 from 0.0001482 in the prior year. The company achieved Zero Liquid Discharge (ZLD) across multiple operations, including Hindustan Zinc Limited, BALCO, and Vedanta Aluminium.

Total energy consumed from renewable sources was 1,89,11,011 GJ, while total energy consumed from non-renewable sources was 70,97,15,760 GJ. The total energy consumed stood at 72,86,26,770 GJ, with an energy intensity per rupee of turnover of 0.00041, down from 0.000440 in FY 2024-25.

Waste Management and Safety

The company generated a total of 14,96,77,704 metric tonnes of waste, of which 4,81,41,485 metric tonnes were recovered through recycling, reusing, or other recovery operations. Waste intensity per rupee of turnover decreased to 0.00008447 from 0.00009339 in the previous year.

Regarding workplace safety, the Lost Time Injury Frequency Rate (LTIFR) for employees was 0.35, compared to 0.37 in FY 2024-25. For workers, the LTIFR improved to 0.45 from 0.55. The company reported four worker fatalities during the year, compared to six in the previous year.

Governance and Disclosures

The Board-level ESG Committee oversees the implementation of Business Responsibility policies. The report confirms that Vedanta has policies covering all principles of the National Guidelines on Responsible Business Conduct (NGRBC). The company conducted an independent audit, the Vedanta Sustainability Assurance Process (VSAP), carried out by Deloitte Touche Tohmatsu India LLP, to evaluate policy effectiveness.

The BRSR forms part of the Integrated Report and Annual Accounts for FY 2025-26, which has been made available on the company’s website.

Vedanta has outlined its strategic evolution into a focused critical minerals and strategic metals company following its recent corporate demerger. In its 'Insights by Vedanta' investor presentation for May 2026, the company emphasized that it now retains some of the group's most strategically important assets across zinc, silver, copper, ferrochrome, nickel, and critical minerals. Adding to this momentum, the company has indicated that all split businesses are expected to hold a value of $100 billion each, while its aluminium business capacity is set to double to 6 MT in 3.5 years. The company has also set a target to achieve 90% aluminium production capacity by FY 2026-27 and plans to invest ₹350 million in its Oil and Gas business during the same period.

Valuation and Growth Outlook

Vedanta's post-demerger structure is expected to unlock significant value across its individual business verticals. The company has stated that all split businesses are expected to hold a value of $100 billion each, reflecting the scale and strategic importance of each entity. Complementing this, the aluminium business is targeting a capacity doubling to 6 MT within 3.5 years, underscoring Vedanta's commitment to expanding its industrial footprint in one of the most critical metals for the energy transition. In a further operational milestone, the company aims to achieve 90% aluminium production capacity by FY 2026-27.

Strategic Asset Portfolio

The newly structured Vedanta brings together large-scale integrated operations and expanding international capacity. The company's portfolio now includes Hindustan Zinc, identified as the world's largest integrated zinc producer, and Zinc International, which is scaling operations from 0.3 mtpa to 1 mtpa by decade-end. Other key assets include Sterlite Copper, which services approximately 35% of India's copper market, and Nicomet, India's only nickel producer. The company also holds exposure to ferrochrome and stainless steel through FACOR, alongside critical mineral blocks containing lithium, cobalt, rare earth elements (REEs), tungsten, vanadium, and manganese.

Macroeconomic Context and Demand

The presentation addressed the broader economic environment, noting that India's wholesale price inflation surged to a 42-month high of 8.3% in April 2026, up from 3.9% in March. This increase was driven largely by rising crude oil prices, with fuel and power segment inflation accelerating to 24.7% and mineral oil inflation rising sharply to 39.5%. Despite these near-term volatilities, Vedanta asserted that long-term industrial themes remain intact, with infrastructure expansion, manufacturing growth, and energy transition investments continuing to sustain structural demand for industrial metals and critical minerals.

Artificial Intelligence in Operations

Vedanta also highlighted the transformative role of artificial intelligence (AI) across the financial and industrial sectors. The presentation noted that over 90% of investment managers are using or evaluating AI tools, while 54% of firms have already integrated AI into investment strategies. Within its own operations, Hindustan Zinc, in collaboration with V-Spark DeepTech Ventures, launched "Zinnovation 2026" to accelerate AI-led industrial transformation, automation, and digital innovation.

Recent Developments and Recognition

Several operational milestones and recognitions were featured in the update. Union Minister G. Kishan Reddy visited Hindustan Zinc operations to underscore the strategic importance of critical minerals and domestic resource security. Ms. Priya Agarwal Hebbar was recognised among India's leading value creators by SK Private Wealth Hurun India. Furthermore, Vedanta received the 'Great Place to Work® 2026' recognition and unveiled 'Vividh Verse', a premium bilingual collectible magazine focusing on culture, entrepreneurship, and policy.