Vedanta Resources plc

Vedanta Resources, one of the world’s largest zinc and aluminium producers, is a British diversified metals and mining company with operations in India, Zambia, Namibia, South Africa, Liberia, Ireland and Australia. The company was founded in 1976 and is headquartered in London, UK. Vedanta is heavily criticized for its poor environmental, health and safety, indigenous, and human rights performance – particularly in India where most of its operations are based. In 2009, RepRisk, a consultant agency focusing on companies’ environmental, social, and governance performance, ranked Vedanta the second, “most environmentally and socially controversial multinational mining company.“

In 2010, Vedanta Resources was ranked third.[1]

A significant number of investment funds from Norway, the UK, Canada, USA, Sweden, and the Netherlands have excluded Vedanta from their sovereign wealth fund portfolios having recognized the reputational risks of doing business with such a company.[2]

Shareholders according to Morningstar

Investment funds according to onvista

[1] RepRisk 2009, 2010, 2011: Most Controversial Mining Companies

[2] Norwegian Pension Fund:

http://www.regjeringen.no/upload/FIN/Statens%20pensjonsfond/RecommendationVedanta.pdf

Comments are closed.