Vedanta alliance with TERI to accelerate ESG goals

Vedanta on Thursday said it has signed a pact with TERI to accelerate its Environmental, social, and governance (ESG) goals. Vedanta plans to invest around Rs 200 crore over the next five to 10 years on R&D and sustainability initiatives to promote and build a sustainable ecosystem.

“Vedanta... on Wednesday signed a Memorandum of Understanding with TERI... to forge a long-term partnership and work in collaboration on creating a sustainable world by leveraging both the organizations’ strength in the ESG space,” Vedanta said in a statement.

With a mission to promote ‘Sustainable Use of Resources for a Resilient Planet through Transformative Actions’, the memorandum of understanding (MoU) was signed at the World Sustainable Development Summit (WSDS).

The partners will work towards building a sustainable future by engaging with governments, civil society and peers to promote a larger ecosystem for climate change, resource efficiency, and circularity, harnessing cleaner energ y, sustainable supply chains, and peoplecentric development.

Speaking at the MoU s i g n i n g ceremony, T E R I ’ s DG Vibha Dhawan, said, “Businesses can play a paramount role in meeting development goals of the UN Development agenda of 2030. Towards fulfilling this ambition, Vedanta and TERI have come together to work in the pursuit of solving pertinent issues that are critical towards achieving a sustainable future.” (PTI)