Vedanta Limited, a globally diversified natural resources company, has been ranked as India’s leading publicly listed company in the India Disclosure Index 2016 report by FTI Consulting.
Vedanta achieved full scores on all parameters that were studied across the Mandatory Disclosure, Voluntary Disclosure and Composite Disclosure categories, making it the leader of India’s top 200 companies, said a company release here on Tuesday.
Vedanta stands among eight leading BSE 100 companies that attained the maximum composite disclosure score of 10.
“The results are testament to Vedanta’s commitment to transparency and adherence to global best practice in corporate governance,” said Mr. Tom Albanese, CEO, Vedanta.
Since the 2015 India Disclosure Index report, Vedanta has significantly improved its ranking, scoring 10/10 in Composite Disclosure, compared to 7.5/10 last year.
Company’s approach to disclosure processes goes beyond mandatory legal requirements and includes reporting across a wide range of areas, including sustainable development, safety, employee diversity and inclusion, talent development and senior management succession, said a spokesperson of the company.
The India Disclosure Index 2016 is the second in the India Disclosure Index series produced by FTI Consulting. The report reviewed mandatory and voluntary disclosures, on basis of presence or absence of information disclosure parameters available publicly, either on the company's website or Annual Report, of the top 200 companies by market capitalization listed on the Bombay Stock Exchange (BSE 200 Index constituents).
About Vedanta Limited, formerly Sesa Sterlite Limited is a diversified natural resources company whose business primarily involves producing oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power.