Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Various initiatives such as replacement of energy inefficient equipment and heat recovery in AHUs which were undertaken in the previous year have been continued for this year also.
• More usage of natural lights and ventilation is the basic concept on which new buildings are designed and constructed.
• Various Power saving devices viz. more efficient electric drives / lights fixtures- LED /machines and electronic appliances etc., are being installed.

Social Achievements

• Nurture inclusion and diversity to foster creativity for innovation and quality performance.
• Ensure to be a ‘great place to work’ by contributing vigorously to the enterprise and, more broadly, to society.
• Adopted ‘Business and Human Rights Policy’

Governance Achievements

• Adopted the governance guidelines on Board effectiveness
• Adopted the Code of Conduct for Prevention of Insider Trading, Code of Corporate Disclosure Practices, Anti-Bribery & Anti-Corruption and Anti-Money Laundering Policies.

Climate Goals & Targets

Environmental Challenges

• Recent unfortunate geopolitical crisis in Europe have directly and indirectly impacted the global economy.
• Pharmaceuticals sector impacted due to geopolitical crisis.

Mitigation Strategies

• MBL has been optimistic and cautious in managing the associated risks of this geopolitical situation.

Supply Chain Management

Responsible Procurement

• standard operating procedures for the selection of its vendors, which is inclusive of sustainable sourcing aspects.
• Natural products sourcing are in accordance with Nogoya protocol and Biodiversity Act.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Product quality and safety
• Equality and opportunity
• Business ethics and integrity
• Employee development
• Environmental protection
• Human rights
• Stakeholder engagement

Environmental Achievements

• Implemented Effluent Treatment Plant (ETP) at all facilities, aiming for Zero Liquid Discharge.
• Reduced energy consumption from 11,10,83,99,636.10 to 11,04,13,20,744.50 Kilo Joules

Social Achievements

• Maintained 100% return to work rate for employees on parental leave.
• Implemented grievance redressal mechanisms for employees and workers.
• Provided training programs on health and safety, sexual harassment prevention, and other relevant topics.

Governance Achievements

• Established a Stakeholder Relationship Committee at the Board level to oversee sustainability issues.
• Implemented an anti-corruption and anti-bribery policy.

Climate Goals & Targets

Environmental Challenges

• Maintaining product quality and safety.
• Ensuring ethical conduct and compliance.
• Managing environmental impacts of operations.
• Addressing potential human rights risks in the supply chain.

Mitigation Strategies

• Regular audits and inspections by the Quality Assurance department.
• Implementation of a Code of Conduct and monitoring mechanisms.
• Adoption of sustainable sourcing practices.
• Implementation of robust grievance redressal mechanisms.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Standard operating procedures for vendor evaluation and selection; development of alternative vendors for business continuity.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

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

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed