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India: Vedanta under fire from Amnesty international over human rights

Aviva Investors will oppose remuneration report over doubts about Vedanta's corporate social responsibility

Source:  Copyright 2011, Guardian
Date:  July 23, 2011
Byline:  Richard Wachman
Original URL: Status ONLINE


Amnesty International has launched a scathing attack on Vedanta, accusing the London-listed Indian miner of disregarding human rights and failing to protect the environment.

The criticism comes days before Vedanta's annual meeting in London, where campaigners are expected to stage noisy protests about the group's activities on the subcontinent.

Aviva Investors, an influential City shareholder, will oppose the remuneration report, on the basis of doubts about its corporate social responsibility. Aviva says executive bonuses are not adequately linked to meeting internationally approved "green" targets.

Vedanta was unavailable for comment, but in the past, chief executive HS Mehta has rejected criticisms of the firm's record in India, accusing Amnesty of "jumping to the wrong conclusions", and insisting that Vedanta is "very strong on sustainable development".

Vedanta is fighting a ruling from the environment ministry in New Delhi ...

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