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Tag: Global Reporting Initiative

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Midea Group releases its first-ever ESG brand story with an unexpected VIP visit highlighting its commitment to sustainability

Mar 29, 2024 by Gayathri Pariti 0 Comments #ESG brand, #Global Reporting Initiative, #Midea Group, #SBTi

Friday, March 29, 2024,Foshan, China
Midea Group, a leading global technology group, recently released its 2023 Environmental, Social, and Governance (ESG) Report with ambitious sustainable development goals set for 2030.

They include achieving over 500 megawatts of photovoltaic power generation, reducing greenhouse gas emission intensity (scopes 1 and 2) by 0.040, secure Energy Management System Certification for 50 factories, and achieve 100% carbon footprint accounting for major categories of smart home appliances.

This is aligned with the Sustainable Development Report Standards of the Global Report Standards of the Global Reporting Initiative (GRI).

The new report and campaign focuses on four dimensions: Protect the Blue Planet, Build a Harmonious Community, Practice ‘Bring Great Innovations to Life’, and Jointly Create the Prosperous Ecology.

The campaign:

Midea’s ESG credentials are comprehensive but communicating them to a wider audience can be complex and run the risk of sounding dry.

For its first-ever ESG brand film, it would have been easy to follow convention with a montage of oceans, rainforests, and renewable energy supported by a prosaic voiceover but in order to cut through, entertainment was key.

With this in mind, a narrative based film was created telling the story of a factory visit featuring Midea‘s most important VIPs. The next generation.

This creative juxtaposition highlights kids as VIPs as well as future beneficiaries of its ESG initiatives. Their characters bring a warmth, simplicity, and charm only kids can provide, allowing the brand to deliver hard facts with a soft touch.

The film was launched globally on 28 March 2024, across Linkedin, Facebook, X, Youtube platforms.

With its unwavering commitment to sustainability, Midea Group is well-positioned to continue leading the way towards a greener and more sustainable future.

Additional Midea ESG facts:

– Currently, Midea boasts 5 Global Lighthouse factories and 28 factories with the national-level green factory titles.

– It also provides its 190,000 employees with a multi-channel talent development system and regularly provides cross-cultural exchange activities.

– Additionally, the company has revealed its plans to invest RMB 140 million towards education development in local communities.

– As a globally responsible citizen, Midea Group aims to support the United Nations Sustainable – Development Goals (SDGs) and has joined the United Nations Global Compact organization. Furthermore, Midea Building Technology has become a part of the SBTi (Science-based Carbon Targets Initiative).

– In recognition of its dedication to sustainability, Media Group was listed in Forbes’ World’s Top Companies for Women in 2023.

Vedanta Aluminium unveils Sustainable Development Report for FY21
business

Vedanta Aluminium unveils Sustainable Development Report for FY21

Dec 15, 2021 by Gouri 0 Comments #Future, #Global Reporting Initiative, #Mr Rahul Sharma, #Nature, #Nurture, #Prof. Shaleen Singhal, #Vedanta Aluminium

Vedanta Aluminium Business, India’s largest producer of aluminium and its value-added products, unveiled its Sustainable Development Report (SDR) for FY 2020-21 today i.e., National Energy Conservation Day, in campus connect program with the TERI School of Advanced Studies (TERI SAS). Students, alumni and faculty from TERI SAS participated in the programme.

Titled ‘Nature, Nurture, Future’, Vedanta Aluminium’s Sustainable Development Report encapsulates the Business’ performance across key sustainability parameters such as Energy and Climate Change Management, Water Management, Biodiversity Management, Air Quality and Emissions control, Health & Safety, Social Impact and Governance, etc. for the FY 2020-21 performance period.

The report can be accessed on the company website: www.vedantaaluminium.com

Launching the report, Mr Rahul Sharma, CEO – Aluminium Business, Vedanta Ltd. said, “The principles of sustainability are imbibed in every aspect of the way we conduct our business. It is imperative for us that our business growth materializes in a sustainable manner through judicious and responsible utilization of resources, the highest efficiency of assets and processes, and a focused approach towards carbon mitigation. We are committed to the decarbonisation of our operations in the long term. As India’s largest aluminium producer, we are unrelenting in our pursuit of excellence in all aspects of business, including Environment, Social and Governance (ESG).”

Prof. Shaleen Singhal, Dean (Research and Partnerships) at TERI SAS, added, “TERI School of Advance Studies students and faculty members are delighted to be part of this launch event that demonstrates Vedanta Aluminium’s commitment to sustainability. This unique university-corporate partnership shall advance the frontiers of knowledge creation and practice for sustainable development.”

Prepared in accordance with the Global Reporting Initiative (GRI) Standards, the report outlines Vedanta Aluminium’s approach to sustainable and responsible development aligned to United Nations Global Compact (UNGC) Principles and United Nations Sustainable Development Goals (UN-SDGs).

Key highlights from the report for FY21 include:

· Operational excellence parameters for the production of aluminium

· Vedanta Aluminium distributed economic value to the tune of USD 4.19 billion

· Climate action initiatives have resulted in GHG emission intensity reduction by 21% at the Aluminium Business against FY 2011-12 as the baseline

· Towards decarbonization of operations, Vedanta Aluminium has set a target of achieving a 24% reduction in GHG emissions intensity over the 2012 baseline by FY 2025.

· Recycled 16.5 billion litres of water across operations

· 93% of mined-out area rehabilitated as part of biodiversity management

· 308 Million Units of renewable power purchased for producing aluminium

· 1.4 Million GJ in energy savings through energy conservation efforts, resulting in equivalent GHG savings of 0.32 million tCO2e (tonnes of Carbon Dioxide equivalent)

· 118% of the generated ash utilized in avenues such as mine backfilling, raw material for cement and brick manufacturing, road construction, and low-lying area filling

· 14% women professionals in management positions across the business

· Deep interventions in community welfare dimensions of livelihood and skill development, women’s empowerment, quality education, health & sanitation, etc. improving lives of 5 lakh people hailing from local communities

· Since the outbreak of COVID, Vedanta Aluminium has supported the local communities, district administrations, state governments, central government, with grocery supplies, PPEs, medical equipment, oxygen, financial contribution, and many other need-based requirements

Vedanta Aluminium Business, a division of Vedanta Limited, is India’s largest manufacturer of aluminium, producing over half of India’s aluminium i.e., 1.97 million tonnes in FY21. It is a leader in value-added aluminium products that find critical applications in core industries. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.