Vedanta, a globally diversified natural resources company, has announced the implementation of its EV policy for all employees, with incentives ranging from 30 percent to 50 percent for different employee grades to purchase 4-wheeler and 2-wheeler electric vehicles.
According to the company, road transportation accounts for nearly 12 percent of global GHG emissions. On its part, Vedanta has pledged to decarbonize 100 percent of its light motor vehicles by 2030 as part of its net-zero carbon commitment. Beginning in December 2022, this EV policy will apply to all purchases made by company employees.
Sunil Duggal, Group CEO, Vedanta, said, “In line with our people-first philosophy and integrating ESG practices into all that we do, we are pleased to announce our new EV policy for our employees." The policy will lead to increased adoption of EVs amongst employees and drive a mindset change, aiding India’s green mobility push for a sustainable future. With the initiative, we also call upon other corporations to incorporate sustainability into their operations and join us in the country’s transition to net zero.”
Vedanta claims to have established a comprehensive framework for its ESG initiatives and has pledged to invest $5 billion over the next ten years to accelerate the transition to net-zero operations. In addition, the company has recently partnered with the World Economic Forum by joining 1t.org, the One Trillion Tree platform, and has pledged to plant 7 million trees in order to create a more resilient environment, the statement adds.