Materiality Matrix

Responding to material concerns

During the year, we continued our efforts to improve our systems and their performance in all the key issues identified in the matrix through our Sustainability Framework.

Last year, Vedanta embarked on an exercise to identify and prioritise those issues that are most material to our business. We sought the views of a diverse group of stakeholders and their responses were presented to our management group, who then prioritised the most important issues for our business. The resulting materiality matrix is presented below:

Critical Importance High Importance Average Importance Low Importance
1 Policies and actions to restrict unethical business practices
Leadership development and talent management Public policy and advocacy Local hiring and content
2 Rights of indigenous peoples and human rights
Disclosure on slavery and human trafficking Diversity and equal opportunity  
3 Employee health, safety and well-being
Transparency related to reporting on revenue and production figures Broader economic benefit to host country  
4 Community engagement & development initiatives
Labour rights and industrial relations Responsible Supply Chain Management  
5 Ethics and integrity – compliance to Code of Conduct
Community health and safety    
6 Environmental management (water management, waste management, air emissions and quality control, biodiversity management and environmental incidents management)
Energy management and climate change    
7  
Mine and site closure plans    
8  
Employee retention    
9  
Tax transparency and reporting    

During the year, we continued our efforts to improve our systems and their performance in all the key issues identified in the matrix through our Sustainability Framework. As the year progressed, the following material areas emerged as the most significant drivers of our business – commanding either management or stakeholder attention:

  • The safety of our workforce
  • Environmental management
  • Retaining our social licence to operate (including community engagement and development initiatives and human rights)
  • Diversity of our workforce and equal opportunities

Our sustainability roadmap sets out our targets and performance during the year on the key material issues and we set out an overview of our progress during the year against our Sustainability Framework

For a more detailed assessment of our sustainability performance, please see our separate Sustainable Development Report at www.vedantalimited.com

Working at heights