December 22, 2023

Cairn Oil & Gas bags Sustainable Corporate of the Year award


Won the coveted Sustainable Corporate of the Year Award in the manufacturing sector at the prestigious Frost & Sullivan Sustainability 4.0 Awards

Gurgaon, 22 December, 2023: Cairn Oil & Gas, part of Vedanta Group, India’s largest private oil and gas exploration and production company, has been awarded the prestigious Sustainable Corporate of the Year award in the manufacturing sector at the 14th edition of the Frost & Sullivan Sustainability 4.0 Awards. This recognition is testimony to Cairn’s unwavering commitment to transforming the planet, communities, and workplace by practicing the highest standards of ESG (Environmental, Social and Governance).

In addition, Cairn was also awarded the “Consistency Silver Award” in the Sustainability Leaders category, acknowledging its consistent performance over the last three years. The award was received by Mr. Mandeep Narang, Director Operations, Cairn Oil & Gas, at a ceremony held in Bengaluru recently.

As part of its sustainability efforts, Cairn has implemented various initiatives aligned with its Net Zero target. The company continuously explores innovative solutions and technologies to optimise resource utilisation, enhance energy efficiency, and minimise greenhouse gas emissions to reduce its carbon footprint across operations. By exceeding industry standards in areas such as Risk Management, Biodiversity, Society, and Stakeholder Management, Cairn sets an example for responsible and sustainable business practices.

In addition to its environmental commitments, Cairn actively contributes to the communities it operates in. Through social initiatives, the company strives to uplift local communities, promote education, and empower individuals.

The company continues to innovate and collaborate with stakeholders to drive sustainable change and contribute to a better world.

About Cairn Oil & Gas

Cairn Oil & Gas, part of Vedanta Limited, is India’s largest private oil and gas exploration and production company, contributing more than a quarter of India’s domestic crude oil production and driving energy security for India in a sustainable and responsible way.

With a world-class resource base, the company has an interest in 62 blocks in India covering a total acreage of more than 61,114 square kilometres with gross 2P (Gross Proved Plus Probable Reserves) and 2C (Gross Contingent Reserves) in excess of 1.1 bn boe. A pioneer in exploration and production, Cairn has spearheaded technological innovation with high-reward prospects. The company has producing assets across Rajasthan, Andhra Pradesh, Gujarat, and Assam. Over the last 30 years, Cairn has opened four frontier basins with numerous discoveries. The company is executing the largest exploration project in India with 46 simultaneously explored project blocks reinstating the faith in India’s hydrocarbon potential.

Vedanta Limited (“Vedanta”), a subsidiary of Vedanta Resources Limited, is one of the world’s leading natural resources companies spanning across India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan and Japan with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power & Glass Substrate and foraying into semiconductors and display glass. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta’s strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector, is committed to reducing carbon emissions to net zero by 2050 or sooner and aims to spend $5 billion over the next 10 years to accelerate this transition. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, has pledged Rs 5000 crore over the next five years on various social impact programs and its flagship project, Nand Ghar is setting up model anganwadis across India. Vedanta Ltd. has been listed in Dow Jones Sustainability World Index 2022, conferred Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2023. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.

For more information, please visit www.cairnindia.com/www.vedantalimited.com

Media Contact

Ms Rashika Kaul

Chief Communication Officer
Cairn Oil & Gas, Vedanta Ltd
Rashika.Kaul@cairnindia.com

MR. AYODHYA PRASAD GAUR

General Manager, Corporate Communications
Cairn Oil & Gas, Vedanta Ltd.
Ayodhya.Prasad@cairnindia.com