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Article

22 Jul 2010

Author:
EIRIS

EIRIS recommends governance steps to tackle investor concerns at Vedanta

…EIRIS, has today published a series of best practice recommendations designed to address investors' concerns about environmental, social and governance (ESG) practices at Vedanta Resources...Responsible investors have been engaging with the Company and some have disinvested because of concerns over stakeholder-related risks. EIRIS' report Improving Vedanta Resources' governance of responsible business practice provides details of allegations against the company relating to human rights issues, indigenous rights…and also environmental issues. The report also draws on best practice from amongst other mining companies who face similar ESG risks in order to propose ways in which Vedanta can strengthen its approach…