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 :
protests, faces, ethical, record, vedanta
France 528000 B2B Services
PVD Coated Stainless Steel Plate Sheet

Friday, January 05, 2024

PVD (Physical Vapor Deposition) coated stainless steel plate sheet is achieved by depositing a thin layer of metal or compound on the stainless steel surface using a vacuum coating process. It creates a durable, decorative, and colored finish, commonly used in architectural and interior design...

Normandy Metal Industry Co., Ltd.

Morocco 20400 Cosmetics and beauty
Sugar body scrub

Saturday, June 24, 2023

Quantity : 1KG - Price : 100,00 dhs

BioProGreen Sugar Body Scrub is a delightful exfoliating product that utilizes the natural properties of sugar to gently polish and revitalize the skin. This body scrub excels in various domains, making it a popular choice for individuals and businesses alike. Society: BioProGreen...

https://www.bioprogreen.com/contact-us/

  • 40100 - MARRAKECH, Marrakech-Safi
  • +212524355671
  • +212 5 220 231 36
France 93240 Clothes
photo not available

Saturday, September 11, 2021

Quantity : 1 conteneu - Price : 40 à 60 cts

THRIFT STORE, SHOES AND ASSESSORIES, Fripafrik is a company based in France whose activity is the purchase of bales from thrift stores to resell them in Africa precisely in Côte d'Ivoire. For our business, we need to work with serious suppliers and first choice items. We have an important...

Fripafrik

  • 93240 - Stains
  • 07 77 49 90 34
  • 07 56 87 24 98
 
Secure payment

Information

Top search