Algomtl
 
Details
China Raw materials
Raw materials

Vedanta faces protests at AGM over ethical record

DSC08554
The environmental and human rights record of the miner Vedanta Resources will be put under the spotlight during its annual meeting next week, when the India-based group will face protests from pressure groups and an attempt by activist shareholders to remove members of the board.
Vedanta, the world's biggest zinc producer, declined to comment yesterday on reports that the shareholder lobby group Pirc will propose the removal of Naresh Chandra, a non-executive director who chairs the London-listed group's health, safety and environment committee and its remuneration committee. Mr Chandra, a former Indian home secretary and ambassador to the United States, joined Vedanta's board in 2004. He was not available for comment yesterday.
Pirc, which also called on shareholders not to back the re-election of directors Euan McDonald and Aman Mehta, said: "The failure of the group to engage with explicit investor-led [environmental, social and governance] concerns over the impact of group activities... [is] evidence of a lack of competent oversight, in our view."Vedanta has consistently been attacked by a range of groups. Human rights and environmental organisations have criticised the company for its bauxite project in the Niyamgiri hills of eastern India's Orissa state. The local Dongria Kondh tribe argues that if the Indian government gives Vendanta's proposed mine a green light, their way of life will be lost. Pressure groups also complain that the project will be an environmental disaster.
Last year, the company's safety record was widely condemned after more than 100 workers were killed when a chimney collapsed at an aluminium plant in central India in which Vedanta has a 51 per cent stake through its subsidiary, Sterlite Industries. Vedanta had said the plant benefited from a "relatively low cost of operations and large and inexpensive labour and talent pools". Some of the company's biggest institutional investors, including Wellington Management Company and Standard Life Investments, refused to comment yesterday.
A clutch of non-corporate investors have sold their Vedanta shares in recent years, including the Joseph Rowntree Foundation, the Church of England and the Norwegian state pension fund. All blamed the company's ethical record. According to one analyst, the company "couldn't care less" about its reputation. However, in recent months, Vedanta has tried to reassure potential investors. Earlier this month, it published a 56-page document to accompany its annual report, which sought to highlight its social and environmental work.
Location : SHICHEN ROAD, 300400 AITANTI,
Contact : tw aluminum, +15 0 22 12 77 19

Good deal: buying from seller

Visit our guide for a secure transaction! Under no circumstances Algomtl can be held responsible for the content of the ads published. Only the sellers and buyers responsability is involved in case of dispute.
We invite you to read our terms of use. You can also visit our FAQ section and see our information section on the risks associated with counterfeiting.
This page is about importers and exporters of
Vedanta faces protests at AGM over ethical record

Search in a category : Raw materials
Search in a category :
protests, record, faces, ethical, vedanta
Turkey TR-07000 B2B Services
Event Hire Services in Turkey

Tuesday, July 07, 2026

Event Furniture and Equipment Hire Service in Turkey | Turkish Event Rental Company for Exhibitions Conferences Congresses Seminars Istanbul Ankara Antalya Izmir Bursa Bodrum | Chairs Tables Counters Showcases Sofas Carpets Hiring Service for Events in Turkey | Event Stage Sound and...

Euroline International

France 528000 Furnitures
Decorative Led Lights

Tuesday, May 21, 2024

Decorative LED Grow Lights Factory, LED Grow Lights Company JANMART DECOR LED light is a new species developed in recent years, it's light directional, good light color, color temperature is generally in 2950K. These decorative led grow lights bulk are generally equipped with a variety...

JANMART DECOR CO.LTD

  • 528000 - Foshan
  • 0757 82707815
Turkey 42000 B2B Services
Buyer search for wood kevazingo

Saturday, March 31, 2018

Quantity : 15000 - Price : discuter avec l'ache

looking for wood buyer the kevazingo. my name is kagohi anderson businessman who resides in turkey i am in contact with the uncle of the president of the republic of gabon who holds an agreement of the Gabonese government for the exploitation of several hectares of the Gabonese forest...

EAACI TRADE CONSULTING

  • 42000 - KONYA
  • +905386843887
  • 00905386843887
 
Secure payment

Information

Top search