SUVEN LIFE SCIENCES LIMITED
Climate Impact & Sustainability Data (2016-04 to 2017-03, 2020-21, 2021-22)
Reporting Period: 2016-04 to 2017-03
Environmental Metrics
ESG Focus Areas
- Ethics, Transparency & Accountability
- Stakeholder Engagement
- Human Rights
- Environment
- Equitable Development
- Employee Well-being
- Customer Value
- Policy Advocacy
Environmental Achievements
- Achieved a recycling efficiency of more than 10%
- Invested in sophisticated pollution control and waste recycling equipment
- Continuously strives to reduce effluent and waste generation through process improvements
Social Achievements
- Invested INR 176.03 lacs towards community development programs
- Earmarked INR 154.58 lacs for identified projects under implementation
- Provides technical inputs to small vendors for improving product quality and operational efficiency
Governance Achievements
- Constituted a Corporate Social Responsibility (CSR) committee of the Board which oversees CSR activities
- Policies on ethics, bribery and corruption cover the Company, its subsidiaries and branches and our suppliers and contractors
Climate Goals & Targets
Environmental Challenges
- Measuring reduction during sourcing/production/distribution of materials in contract research due to varying project requirements
- Measuring reduction in utilities consumption (energy, water) in contract research due to lack of specific standards
Mitigation Strategies
- Continuously strives to minimize wastages by disciplined operations and real-time monitoring of every process in its labs
- Adheres to systems and processes approved by regulatory authorities for contract manufacturing operations to optimize utility consumption
- Defined processes for addressing sustainable sourcing of all key elements required in business operations
Supply Chain Management
Responsible Procurement
- Continuous identification of alternate sources to ensure business continuity
Climate-Related Risks & Opportunities
Reporting Period: 2020-21
Environmental Metrics
ESG Focus Areas
- Ethics, Transparency & Accountability
- Product Life Cycle Sustainability
- Employee Well-Being
- Stakeholder Engagement
- Human Rights
- Environment
- Policy Advocacy
- Inclusive Growth and Equitable Development
- Customer Value
Environmental Achievements
- Adheres to systems and processes approved by globally respected regulatory authorities, ensuring optimized utility consumption and waste minimization.
- Continuously invests in energy-efficient equipment and alters processes to optimize consumption of utilities and minimize noise pollution.
Social Achievements
- Provides training on various technical and behavioral aspects for employee development.
- Enhances employee awareness on safety and health issues.
Governance Achievements
- Established a Corporate Social Responsibility (CSR) committee of the Board which oversees CSR activities and meets annually to assess BR performance.
Climate Goals & Targets
Environmental Challenges
- Patient enrollment for the clinical trial of Samelisant (SUVN-G3031) faced headwinds.
Mitigation Strategies
- Increased patient pool for Samelisant, adding another indication (though delaying results by 18 months).
Supply Chain Management
Responsible Procurement
- Defined processes for sustainable sourcing of key elements.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs)
Reporting Period: 2021-22
Environmental Metrics
ESG Focus Areas
- Ethics, Transparency & Accountability
- Product Life Cycle Sustainability
- Employee Well-Being
- Stakeholder Engagement
- Human Rights
- Environment
- Policy Advocacy
- Inclusive Growth and Equitable Development
- Customer Value
Environmental Achievements
- Adheres to systems and processes approved by globally respected regulatory authorities, ensuring optimized utility consumption and waste minimization.
- Continuously invests in energy-efficient equipment and alters processes to optimize consumption of utilities and minimize noise pollution.
Social Achievements
- Provides training on various technical and behavioral aspects for employee development.
- Enhances employee awareness on safety and health issues.
Governance Achievements
- Constituted a Corporate Social Responsibility (CSR) committee of the Board which oversees CSR activities and meets annually to assess BR performance and align strategies.
Climate Goals & Targets
Environmental Challenges
- High burning rate leading to consolidated net loss due to being discovery and development driven.
- Need for additional funding to continue clinical development of molecules.
Mitigation Strategies
- Raising more funds through a rights issue to continue funding the development of its robust pipeline of molecules.
Supply Chain Management
Responsible Procurement
- Defined processes for addressing sustainable sourcing of all key elements required in business operations.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs)