Vedanta Ltd among top companies in ‘India Disclosure Index 2018’
FTI Consulting terms Vedanta as Disclosure Champion for 9.2/10 score
Deepthi | Myequity news | Date : 26-11-2018 12:25:00 IST
Vedanta Limited scores 9.2/10 on Voluntary Disclosure in the ‘India Disclosure Index 2018’ compiled by FTI Consulting and has been termed as a Disclosure Champion among top companies across sectors in the country. This is the second highest score in the Index. The top Indian companies together scored an average of 6.3/10 on Voluntary Disclosure.
Vedanta topped ranks on Risk disclosure with a maximum score of 5/5 and ranked joint second on Voluntary disclosure and Board quality. Only Nine companies were termed Disclosure Champions that have a Voluntary Disclosure score of more than 9/10, Vedanta being the only Natural Resource Company to feature among these nine firms. About Vedanta Limited:
FTI Consulting announced the launch of its India Disclosure Index 2018, an annual report that tracks corporate disclosure practices amongst India’s top 100 publicly listed corporations.
The Company prides itself in conducting its business at the highest level and strives to set benchmarks in corporate governance and transparency of operations. 56% of Vedanta’s Board is Independent, 22% of the Board of Directors are women, a leading external agency conducts the Board Evaluation of the company, Vedanta is one of the only companies in the country to publish a Tax Transparency Report and the Company also publishes their Sustainability Report annually as per GRI-4 guidelines. These are some of the high standards adopted by the company which contributed to the high scores at the index.
Vedanta Limited is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminum and commercial power. The company has a presence across India, South Africa, Namibia, Australia and Ireland.Vedanta Limited is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. The company is conferred with the Confederation of Indian Industry (CII) ‘Sustainable Plus Platinum label’, ranking among the top 10 most sustainable companies in India.