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EIRIS Recommends Governance Steps to Tackle Investor Concerns at Vedanta Date: July 22, 2010

ASrIA Member

(EIRIS) - Responsible investment research specialists, 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 (the FTSE 100 mining Company with interests in India and around the world).

Vedanta Resources is facing growing international scrutiny from investors and NGOs for its plans for a bauxite mine and the expansion of its Lanjigarh alumina refinery. 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, bribery and corruption 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 to responsible business practices.

Download the report at: http://www.eiris.org/files/research publications/EIRISVedantaReport2010.pdf