Climate Change Data

Environmental Metrics

ESG Focus Areas

• Community Healthcare, Sanitisation & Hygiene
• Education, Knowledge & Research
• Social Care and Concern

Environmental Achievements

• Replaced Conventional CFL lights with LED lights in phased manner. Primarily all new purchases of lights are done of LED lights.
• Installation of Steam Strap on main stream line to improve quality of steam.
• Treated high salt content in waste water system
• Company's unit is Zero Liquid discharge (ZLD unit).

Social Achievements

• Launched 8 new products in the market in the financial year 2019-20.
• About 12 products are ready to be commercialized.
• About 30 New products are in projection & development of many products is already started.
• Various employee benefit, recreational and team building programs, social gatherings to foster team spirit were conducted.

Governance Achievements

• Established a Vigil Mechanism policy i.e. Whistle Blower Policy
• All RPTs were placed before the Audit Committee for review and approval on a quarterly basis.
• The Board of Directors have laid down the manner for carrying out an annual evaluation of its own performance, its various Committees and individual Directors

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic impact
• Manufacturing and Supply Chain disruptions due to lockdown and non-availability of API and Manpower
• Healthcare Professional – Pharma Interaction reduced due to pandemic
• Patients and Prescriptions reduced due to pandemic
• Delayed New Launches due to limited interaction between the Sales force and Healthcare professionals, slower regulatory approvals and delayed Clinical Trials
• Dependence on China for API

Mitigation Strategies

• Re-strategized business to adapt to the pandemic crises
• Gradually improving supply chain
• Focus on building specific Acute Therapy brands in the Anti-Infective category
• Introduce COVID specific brands
• Focus on Anti-Fungal segment with a special task force
• Building brands in Hormone category
• Building NDDS offering in the infertility management with the PFS (Pre-Filled Syringe)
• Exploring CMO and Out-Licensing business
• Expanding API portfolio

Supply Chain Management

Responsible Procurement

• Company has well-defined and documented standard operating procedures for vendor approval. Materials are procured from approved vendors both local and international. Vendor audit are conducted by the Quality Assurance Team periodically.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines (NVGs) on Social, Environmental and Economic Responsibilities of Business

Certifications: EU-GMP, TGA - Australia, ANVISA - Brazil, PICS-GMP – Ukraine, MCC – South Africa, BFAD – Philippines, FMHACA – Ethiopia, NAFDAC – Nigeria, MOH – Cambodia, PPB – Kenya, WHO GMP

Third-party Assurance: SHR & Co.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Significant reduction in greenhouse gas emissions

Social Achievements

• Increased representation of women in leadership positions
• Strengthened partnerships with local communities

Governance Achievements

• Implemented robust monitoring systems to track progress and continuously improve performance

Climate Goals & Targets

Environmental Challenges

• Exposure to unhealthy, unsafe & hazardous work conditions
• Neglecting to maintain the utmost standards of corporate governance and business ethics
• Supply chain disruptions
• Non-compliance with stringent regulatory requirements
• Cybersecurity and data privacy risks
• Falling short of meeting or exceeding employee expectations

Mitigation Strategies

• Implemented a robust Health and Safety Management system
• Adoption of good governance practices and ethical standards
• Well-defined "Supplier Code of Conduct"
• Strong quality assurance mechanism and compliance monitoring checklist
• Robust IT management and monitoring systems
• Competitive compensation packages and benefits
• Robust cybersecurity measures and data privacy protocols

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Initiated a tree plantation program
• Completed a sewage treatment plant project
• Implemented Zero Liquid Discharge (ZLD) systems at Navsari and Indore facilities
• Reduced effluent load and saved water through ZLD system optimization
• Reduced energy consumption through equipment updates and briquette-based boilers

Social Achievements

• CSR initiatives covering healthcare, education, rural development and animal welfare
• Implemented a robust Health and Safety Management system
• Provided training and development opportunities to employees

Governance Achievements

• Implemented a comprehensive Anti-Corruption and Anti-Fraud Policy
• Established a Whistleblower Policy
• Established an Internal Complaints Committee (ICC) to handle complaints related to sexual harassment

Climate Goals & Targets

Environmental Challenges

• Climate change and escalating water scarcity
• Occupational health and safety risks
• Regulatory compliance
• Supply chain disruptions
• Product quality and safety
• Cybersecurity and data privacy risks
• Human capital development

Mitigation Strategies

• Implemented robust Health and Safety Management system with periodic audits
• Comprehensive corrective action plans for safety incidents
• Strong quality assurance mechanism and compliance monitoring
• Well-defined Supplier Code of Conduct
• Robust quality management systems adhering to GMP
• Robust IT management and monitoring systems, anti-virus and firewalls
• Structured onboarding process, continuous training and development opportunities

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities