Vedanta Resources

InfluenceMap Score
Performance Band
Organisation Score
Relationship Score
Metals & Mining
London, United Kingdom
Brands and Associated Companies:
Hindustan Zinc Limited, Sterlite Industries, Bharat Aluminium Company, Sesa Goa
Official Web Site:

Climate Lobbying Overview: Vedanta Resources has mixed engagement on climate policy. The company has positive top-line messaging on climate change, but appears unsupportive of the energy transition and has actively advocated a sustained role for fossil fuels, including coal, in India’s energy mix. The company has limited engagement on specific climate-related regulations.

Top-line Messaging on Climate Policy: Vedanta has broadly positive top-line communications on climate change. In its 2020-21 Sustainability Report, published in May 2021, the company supported the need to limit global temperature rise in line with the goals of the Paris Agreement. In a November 2021 tweet, Chairman Anil Agarwal also appeared to support net-zero emissions by 2050. In November 2020, Vedanta signed a declaration as part of the India CEO Forum on Climate Change which appeared to support the need for climate-related regulation in India, pledging to “work with the government on realistic and achievable initiatives.”

Engagement with Climate-Related Regulations: Vedanta appears to have limited, transparent engagement on specific climate-related policy. The company does not transparently disclose its climate policy positions on its corporate website. In November 2020, however, Vedanta signed a declaration as part of the India CEO Forum on Climate Change which appeared to support India’s 2030 renewable energy target and 2030 GHG target.

Positioning on Energy Transition: Vedanta appears to be actively engaged on the energy transition. On social media in 2020-21, Vedanta Chairman Anil Agarwal has consistently advocated a sustained role for fossil fuels in India’s energy mix. In March 2021, Agarwal supported a significant role for coal in the energy mix without reference to the need for CCS. In April 2020, he called for increased foreign investment in coal mining in India. In April 2021 and October 2021, Agarwal called for relief on taxes and royalties to incentivize increased oil and gas investment in India.

However, in an October 2021 tweet, Chairman Agarwal appeared to support low-carbon technologies including green metals, renewables and electric vehicles. Vedanta has also supported hydrogen in a September 2021 tweet, although with no reference to the need to decarbonize hydrogen production.

Industry Association Governance: Vedanta has disclosed a list of its industry association memberships in its 2021 Sustainability Report, but with no further details of the organizations’ climate policy positions or Vedanta’s role within them. Vedanta has not published a review of alignment with its industry associations. Vedanta retains membership to Minerals Council South Africa which has lobbied negatively on climate policy in South Africa, and Confederation of Indian Industry which has mixed positions on climate change.

Strength of Relationship

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.