Algomtl
svgfair.com
 
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 :
record, ethical, protests, vedanta, faces
Indonesia 20122 Sport goods
2017 Scott Genius 700 Premium Mountain Bike- GOCYCLESPORT

Saturday, August 12, 2017

Price : USD 3650

SPECIFICATION : Frame Genius Carbon / IMP / HMX / BB92 / Carbon swingarm with 180PM U-Mono Link / Tapered Headtube IDS SL DM dropouts for 142x12mm BB height adj. Travel Front 150mm Rear 150 - 100 - Lockout / Shock 200X57 Fork FOX 34 Float Factory Air / Kashima FIT4 3-Modes with low speed adj...

GOCYCLESPORT

  • 20122 - Medan
  • 6289665050727
France 528000 B2B Services
Mirror Finish Stainless Steel

Friday, January 05, 2024

Mirror finish stainless steel, also known as a polished finish, has a highly reflective surface. It is achieved through polishi Types of Mirror Finish Stainless Steel The process of making mirror polished stainless steel sheet involves a series of steps including: 1. Grinding: The...

Normandy Metal Industry Co., Ltd.

India 393002 B2B Services
photo not available

Sunday, May 31, 2020

Both pigments and dyes are used to color different materials, but the way in which they do it is very, very different. It's all got to do with solubility – the tendency to dissolve in a liquid, especially water. Think for a moment of two glasses of water standing side by side – the...

Darshan Industries - Dyestuff Manufacturer & Exporter

  • 393002 - Panoli
  • 9898989898
 
Secure payment

Information

Top search