Climate Change Data

Syngene International Limited

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:5154 tCO2e (Scope 1 & 2) offset; 62415 tCO2e avoided
Scope 1 Emissions:6,653 tCO2e
Scope 2 Emissions:12,961 tCO2e (market-based)
Scope 3 Emissions:48,768 tCO2e
Renewable Energy Share:82% of electricity
Water Consumption:187,490 KL (total withdrawal)
Waste Generated:4210.87 MT (total generated)

ESG Focus Areas

  • Climate Change
  • Water Conservation
  • Waste Management
  • Occupational Health and Safety
  • Talent Acquisition and Retention
  • Diversity, Equity and Inclusion
  • Community Engagement
  • Corporate Governance and Business Ethics
  • Cybersecurity
  • Supply Chain
  • Digitization
  • Green Chemistry
  • Biodiversity

Environmental Achievements

  • 21% reduction in GHG (Scope 1 and 2) emissions year-on-year
  • 45% reduction in Scope 3 emissions year-on-year
  • 23% increase in consumption of renewable energy year-on-year
  • 82% of electricity consumed from renewable sources
  • 42% year-on-year freshwater savings
  • 96% total hazardous and non-hazardous waste recycled
  • Zero waste to landfill
  • Zero environmental violations

Social Achievements

  • 1,047 New hires
  • Recordable work-related injury rate of 0.03
  • Rs 104 Mn Invested in CSR programs to benefit the community
  • 26% Permanent women employees
  • 42% Water recycled and reused
  • 96% Waste recycled
  • 100% and 99% return to work rate for males and females respectively after taking parental leave

Governance Achievements

  • 50% Board diversity (as of March 31, 2024)
  • 132 Tier 1 suppliers assessed using ESG criteria
  • 0 Data breaches
  • 0 Suppliers/operations at risk for incidents of child labor or forced labor
  • 87 Client and regulatory audits conducted successfully

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050 (implied)
Medium-term Goals:
  • 96% of electricity to be sourced from renewable sources by 2028
  • 70% reduction in freshwater consumption by 2028
Short-term Goals:
  • 50% reduction in GHG emissions by 2033

Environmental Challenges

  • Slowdown in certain market segments due to shifts in biotech funding and geopolitical changes
Mitigation Strategies
  • Expanded dual-sourcing practices and enhanced local procurement efforts to mitigate supply chain risks
  • Supplier engagement to ensure they understand Syngene's requirements and priorities, including setting their own SBTi targets

Supply Chain Management

Supplier Audits: 132 Tier 1 suppliers assessed; 100% adherence to Supplier Code of Conduct

Responsible Procurement
  • Supplier Code of Conduct
  • Sustainable Procurement Policy
  • Dual sourcing
  • Increased local procurement

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, UN Sustainable Development Goals, SASB

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 27001:2013

Third-party Assurance: DNV Business Assurance India Private Limited

UN Sustainable Development Goals

  • Goal 3
  • Goal 4
  • Goal 5
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 9
  • Goal 12
  • Goal 15
  • Goal 16

Initiatives contribute to these goals through various programs and activities detailed in the report.

Awards & Recognition

  • India’s best managed companies (Deloitte)
  • Supply Chain Champion in the Pharmaceutical Sector (ISCM)
  • Best Energy Efficiency (CII)
  • 10th National CSR Times (Gold) Award
  • Various ASQ, CII, and QCFI awards