Vedanta Ltd plans to invest $5 billion over the next decade to reduce its carbon emissions by 25% by 2030, with the ultimate aim of achieving net neutrality by 2050. The company aims to consistently generate 2.5 GW of renewable energy by 2030, with 838 MW currently under construction.
In 2023, Vedanta allocated $210 million towards decarbonization efforts, raising the
carbon neutrality of its LMV fleet to 7%. The company had aimed for a 50% reduction in carbon emissions by the end of the current financial year.
The brand is also aiming to become net water positive by 2030. Currently, five of its businesses have achieved water-positive status, saving 4.5 million cubic meters of freshwater over the past four years.
As reported by ManufacturingToday, Vedanta’s decarbonization strategy is divided into four stages, with significant progress made in increasing renewable energy use, transitioning to cleaner fuels, and enhancing overall efficiency.
