VEDANTA CHAIRMAN RANKS AMONG INDIA’S TOP PHILANTHROPISTS IN EDELGIVE HURUN INDIA PHILANTHROPY LIST 2021
by Shrutee K
· Anil Agarwal Foundation acknowledged for its enormous contribution towards fight against the pandemic
The Anil Agarwal Foundation (AAF) – an umbrella entity for Vedanta’s Giving Back initiatives – has rolled out a Rs 5,000 crore social impact programme with a focus on nutrition, women and child development, healthcare, animal welfare and grass root level sports. The Foundation has launched the ‘Swasth Gaon Abhiyaan’ to provide end-to-end healthcare services to 1000 villages across 12 states.
Under the aegis of AAF, Mr. Agarwal has created Nand Ghar - a network of model anganwadis - which is focused on eradicating child malnutrition, providing education, healthcare, and empowering women. The project aims to impact the lives of 7 crore children and 2 crore women at the grassroots level.
Vedanta Chairman Anil Agarwal has already pledged to give 75 percent of his wealth towards philanthropy and social good. He has joined The Giving Pledge, a movement of global philanthropists who commit to giving the majority of their wealth to philanthropy and charitable causes.
Vedanta has contributed more than the government-mandated 2 per cent towards corporate social responsibility. As per the EdelGive Hurun India Philanthropy List, contributions were measured by the value of their cash or cash equivalents from 1 April 2020 to 31 March 2021.
According to Anas Rahman Junaid, MD and Chief Researcher, Hurun India: “Indian wealth creators have the potency to enable philanthropic structures, systems and processes for overall nation building. It is important to speak about these inspiring philanthropic stories and incite motivational action auguring India’s pace of ‘giving back’ to the society. We need to create forums to celebrate such efforts so that it percolates down to every level of the community and encourages us to embrace the spirit of altruism and humane-living,”
About Vedanta Limited: Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals companies with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies company have been featured in Dow Jones Sustainability Index 2020, and was conferred Frost & Sullivan Sustainability Awards 2020, CII Environmental Best Practices Award 2020, CSR Health Impact Award 2020, CII National Award 2020 for Excellence in Water Management, CII Digital Transformation Award 2020, People First HR Excellence Award 2020, ‘Company with Great Managers 2020’ by People Business and certified as a Great Place to Work 2021. Vedanta’s flagship Nand Ghar Project was identified as best CSR project by the Government of Rajasthan. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India. For more information, please visit www.vedantalimited.com.