Climate Change Data

Environmental Metrics

ESG Focus Areas

• Product Quality and Safety
• Innovation
• Employee Well-being
• Stakeholder Engagement
• Environmental Sustainability
• Human Rights
• Responsible Business Conduct

Environmental Achievements

• Started using eco-friendly refrigerant gas R410 in all air conditioning operations.
• Buildings designed and constructed as 'Green Buildings' with natural light and ventilation.
• Rainwater harvesting system installed at Baddi plant.
• Developed dense green belt across all locations.
• Reduced solvent usage through UPLC system implementation in Analytical Lab.
• Reduced Atorvastatin key intermediate preparation time from 72 hours to 24 hours.

Social Achievements

• Implemented EHS Policy ensuring safe working environment.
• Provided health insurance, accident insurance, and other benefits to employees and workers.
• Implemented Grievance Redressal Mechanism for employees and workers.
• Conducted skill-upgradation training programs for employees.
• Maintained 100% return-to-work and retention rates for employees on parental leave.

Governance Achievements

• Developed comprehensive policies covering NGRBC principles.
• Established a Risk Management Committee.
• Implemented an anti-bribery and anti-corruption policy.
• Implemented processes to avoid/manage conflicts of interest involving Board members.

Climate Goals & Targets

Environmental Challenges

• Product risk due to the nature of the pharmaceutical business and the need for high-quality products.
• Potential for safety incidents in manufacturing operations.

Mitigation Strategies

• Regular audits by the Quality Assurance department to ensure high-quality requirements are met.
• Laboratory and clinical studies for each new product.
• Compliance with Good Manufacturing Practices and independent quality assurance systems.
• Implementation of an EHS management system and procedures.
• Regular internal audits to ensure compliance with the EHS management system.
• Thorough investigations and corrective and preventive actions (CAPA) for safety incidents.

Supply Chain Management

Responsible Procurement

• Sustainable sourcing of 100% of inputs from critical suppliers.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Replaced 3 X 36 Watt CFL lamps with 36 Watt LED Lights at our Labs ( Total Qty. 50 Nos.), thus getting saving of 15768 KWH Units per year and less CO2 GHG Gas emission of qty 11.20 Ton/Year
• All our manufacturing facility are Zero Liquid Discharge (ZLD).
• The company has adopted reduce, reuse, recycle and recharge strategy to conserve water.

Social Achievements

• Various public awareness activity like 'FM activity for menstrual hygiene day' also produced various awareness raising videos, such as those for 'World Health Day and Menstrual Hygiene Day'
• Company provides life insurance or a compensatory package to employees to ensure financial support for their families in the event of death. Similarly , it extends similar benefits to workers, reflecting a commitment to their well- being and security both on and off the job.

Governance Achievements

• The company has adopted a Vigil Mechanism/ Whistle Blower Policy for developing a culture where it is safe for all directors/ employees to raise concerns about any unacceptable practice and any event of misconduct.

Climate Goals & Targets

Environmental Challenges

• Extreme weather events, such as floods and heatwaves, can disrupt supply chains and damage infrastructure.
• Variability in temperature can affect the storage and transportation of temperature -sensitive pharmaceutical products, leading to higher energy consumption and costs.
• Water scarcity , exacerbated by climate change, can impact water -intensive manufacturing processes, causing production disruptions and increased costs for sourcing alternative water supplies.
• Disruptions in energy supply due to climate impacts on energy infrastructure can lead to power outages affecting manufacturing operations.
• Reputation Damage: Negative publicity and loss of consumer trust can lead to decreased sales, market share, and investor confidence, impacting the company's bottom line and long-term viability.
• Legal and Regulatory Compliance: F ailure to meet quality and safety standards can result in legal action, fines, and penalties.
• Health and Safety Risks: Products that do not meet quality or safety standards pose risks to consumer health and safety . Incidents of product -related injuries or illnesses can have serious consequences for both consumers and the company , including lawsuits, damage to brand reputation, and regulatory scrutiny.

Mitigation Strategies

• Implementing waste management strategies minimizes pollution and reduces the environmental footprint of pharmaceutical manufacturing
• Adopting sustainable practices enhances brand reputation and appeals to socially conscious consumers.
• Implementing effective energy management practices & can result in significant cost savings through reduced energy consumption and optimized processes
• Embracing sustainable energy practices demonstrates the company's commitment to environmental stewardship, aligning with consumer preferences and regulatory standards.
• Diversifying energy sources and improving energy efficiency enhances the company's resilience to energy supply disruptions and price fluctuations, reducing operational risks.
• Implementing water management strategies allows companies to optimize water usage, reducing waste and conserving this valuable resource.
• Investing in customer feedback mechanisms, employee training , and collaboration with regulatory authorities to mitigate reputation damage, financial losses, and legal liabilities associated with product recalls and safety incidents.
• Prioritizing consumer health and safety in product design and manufacturing processes, strengthening supplier relationships, and diversifying supply chain sources further enhances resilience against disruptions.
• Implementing robust compliance programs, engaging stakeholders transparently , and proactively managing risks.
• Conducting regular audits, risk assessments, and employee training to ensure adherence to regulations.
• Open communication and transparency with stakeholders build trust, while proactive risk management identifies and addresses compliance issues promptly.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events, such as floods and heatwaves, can disrupt supply chains and damage infrastructure.
• Variability in temperature can affect the storage and transportation of temperature -sensitive pharmaceutical products, leading to higher energy consumption and costs.
• Water scarcity , exacerbated by climate change, can impact water -intensive manufacturing processes, causing production disruptions and increased costs for sourcing alternative water supplies.
• Disruptions in energy supply due to climate impacts on energy infrastructure can lead to power outages affecting manufacturing operations.

Opportunities

• Environmental Impact Reduction: Implementing waste management strategies minimizes pollution and reduces the environmental footprint of pharmaceutical manufacturing
• Consumer P erception and Social Responsibility: Adopting sustainable practices enhances brand reputation and appeals to socially conscious consumers.
• Cost Savings and Efficiency: While initial investment may be needed, long -term cost savings and efficiencies can result from reduced material usage and waste disposal costs
• Promoting Circular Economy in products & services - Use of recycled packaging for products, P ackaging designed for efficient recycling , Reduce the plastic packaging in the products can result in reduction of waste generation and Environmental footprints of Morepen
• Cost Savings and Efficiency: Implementing effective energy management practices & can result in significant cost savings through reduced energy consumption and optimized processes
• Environmental Responsibility: Embracing sustainable energy practices demonstrates the company's commitment to environmental stewardship, aligning with consumer preferences and regulatory standards.
• Resilience and Risk Mitigation: Diversifying energy sources and improving energy efficiency enhances the company's resilience to energy supply disruptions and price fluctuations, reducing operational risks.
• Resource Efficiency: Implementing water management strategies allows companies to optimize water usage, reducing waste and conserving this valuable resource.