Suven Pharmaceuticals Limited
Climate Impact & Sustainability Data (2019-04 to 2020-03, 2020-04 to 2021-03, 2022-2023, 2023-2024, 2023-24, 2024-03-31, 2024-07 to 2024-09)
Reporting Period: 2019-04 to 2020-03
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
- 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 105.04 lacs towards community development programs
- Provides technical inputs to small vendors for improving product quality and operational efficiency
- Periodically informs small vendors of its expansion and growth plans
Governance Achievements
- 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 in contract research due to lack of specific standards
Mitigation Strategies
- Continuously strives to maintain best practices for sustainable sourcing
- Identifies alternate sources to ensure business continuity
- Endeavours to minimise wastages by disciplined operations and real-time monitoring
Supply Chain Management
Responsible Procurement
- Sustainable sourcing processes
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs)
Reporting Period: 2020-04 to 2021-03
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
- 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
- Minimising carbon footprint by investing in energy-efficient equipment and altering processes to optimise consumption of utilities
Social Achievements
- Invested ₹515.08 lakhs in community development projects
- Provides technical inputs to small vendors for improving product quality and operational efficiency
- Periodically informs small vendors of its expansion and growth plans
Governance Achievements
- Established 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 its suppliers and contractors
Climate Goals & Targets
Environmental Challenges
- Difficulty in measuring reduction during sourcing and usage of materials due to the nature of contract research business
Mitigation Strategies
- Continuously strives to minimise wastages by disciplined operations and real-time monitoring of every process in its labs
- Adheres to systems and processes approved by globally respected regulatory authorities to ensure optimised consumption of utilities
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)
Reporting Period: 2022-2023
Environmental Metrics
Total Carbon Emissions:82316.75 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:48,593.75 tCO2e/year
Scope 2 Emissions:33,723 tCO2e/year
Total Energy Consumption:7,14,370.50 GJ/year
Water Consumption:246253.7 kl/year
Waste Generated:12771.18 tons/year
Carbon Intensity:6.18 tCO2e/rupee of turnover (FY 2022-23)
ESG Focus Areas
- Energy Management and GHG Emission
- Water & Wastewater Management
- Product Quality & Safety
- Labor Practices
- Materials Sourcing & Efficiency
- Business Ethics
- Human Rights
- Community Development
Environmental Achievements
- Implemented Zero Liquid Discharge (ZLD) program
- Installation of on-site solar power generation systems
- Substitution of outdated machinery with energy-efficient alternatives
Social Achievements
- Favourable labour practices to draw and retain talented professionals
- Rigorous safety protocols within its manufacturing and research sites
- Increased engagement with suppliers to ensure ethical sourcing practices
- Investing in local communities through various initiatives
Governance Achievements
- Established a range of objectives to strengthen its sustainability endeavours and overall corporate social responsibility.
- Implemented a comprehensive anti-corruption and anti-bribery policy
Climate Goals & Targets
Long-term Goals:
- Absolute NetZero by 2062
Short-term Goals:
- Reduce purchased electricity by 5.2% by 2024
- Reduce Scope 1 and Scope 2 emissions by 10% by 2028 (base year 2022)
- Improve environmental and social impacts of products by 20% by 2025
Environmental Challenges
- Energy-intensive processes leading to GHG emissions and stricter regulations
- Water usage and waste disposal regulations
- Delays in sourcing materials due to import dependence
- Growing consumer and regulatory expectations for ethical conduct
Mitigation Strategies
- Initiatives to lower Greenhouse Gas emissions and efficiently manage energy consumption (solar power, energy-efficient equipment, LED lights)
- Zero Liquid Discharge (ZLD) program and waste management system
- Regular assessment of supplier capabilities and contingency plans
- Commitment to ethical behaviour and sustainable business models
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: BRSR
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
Third-party Assurance: J. Sundharesan & Associates (limited assurance on certain sustainability indicators)
Reporting Period: 2023-2024
Environmental Metrics
Total Carbon Emissions:64124 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:41183 tCO2e/year
Scope 2 Emissions:22941 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:463494.83 GJ/year
Water Consumption:184918.90 kl/year
Waste Generated:8810.10 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Energy Management and GHG Emission
- Water & Wastewater Management
- Product Quality & Safety
- Labor Practices
- Materials Sourcing & Efficiency
- Occupational Health and safety
Environmental Achievements
- Installed rooftop and ground-mounted solar plants of 3.05 MW at various sites
- Conducted biomass co-firing trials in process boilers
Social Achievements
- Maintains favorable labor practices to attract and retain talent
- Established and enforced rigorous safety protocols
Governance Achievements
- Implemented a comprehensive anti-corruption and anti-bribery policy
Climate Goals & Targets
Long-term Goals:
- Absolute Net Zero by 2050
- Switch to 100% renewable energy usage by 2040
- Achieve zero waste to landfill by 2040
Medium-term Goals:
- Transition to renewable energy sources by at least 20% of total energy use by 2027
- Increase representation of women in leadership to 25% by 2030
Short-term Goals:
- Reduce absolute Scope 1 & 2 emissions by 35% by 2030
- Complete comprehensive Scope 3 GHG inventorization and set targets by 2025
- Reduce energy intensity by 10% by 2030
- Reduce specific water consumption by 15% by 2028
- Increase water recycling and reuse by 15% by 2030
- Reduction in hazardous waste going to landfill by 15% by 2030
- Increase the representation of women in the workforce to at least 20% by 2030
- Achieve attrition levels below 12% by 2028
Environmental Challenges
- Energy-intensive processes leading to GHG emissions
- Water usage and waste disposal regulations
- Supply chain disruptions due to material sourcing delays
- Occupational health and safety risks
Mitigation Strategies
- Initiatives to lower GHG emissions and manage energy consumption (solar power, energy-efficient machinery, LED lights)
- Zero Liquid Discharge (ZLD) program
- Waste management system aligned with local regulations
- Regular assessment of supplier capabilities and contingency plans
- ISO 45001 certification for health & safety management systems, safety training, and audits
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Government and regulatory bodies implementing stricter emissions regulations
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: BRSR
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023-24
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Achieved EcoVadis Silver rating
- 97% score in TFS audit
- British Safety Council five-star certification
Social Achievements
- 100% of employees underwent Health and Safety training
- Zero ethical non-compliance
- Zero reportable loss time injury
Governance Achievements
- Zero regulatory non-compliance or fines
- 100% of employees and board members acknowledged the Code of Conduct
Climate Goals & Targets
Medium-term Goals:
- Reduce attrition by FY28
Short-term Goals:
- Reduce absolute Scope 1+2 emissions by 35% from current level by 2030
- Transition to renewable energy sources of total energy use by 20%+ by 2027
- Reduce, reuse and recycle specific water consumption by 25% by 2028
- Achieve Gold in EcoVadis Sustainability assessment by 2025
- PSCI membership by 2025
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024-03-31
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental, Health, and Safety (EHS)
Environmental Achievements
- Pashamylaram Unit 3 site awarded EHS Excellence Award by CII
- Pashamylaram Unit 3 site received International Safety Award from the British Safety Council
Social Achievements
- Inauguration of new Genome Valley R&D Centre
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Doubling the business over the next five years organically
Short-term Goals:
- Not disclosed
Environmental Challenges
- Global slowdown
- Ag-Chem destocking
- COVID flush-out
- Commodity pricing
- Inventory destocking in pharma CDMO leading to order delays
Mitigation Strategies
- Augmented team and processes across commercial, R&D, operations, and M&A
- Extensive customer interactions
- Recrafted spec chem service line as a new strategic business unit
- Investing in domain experts and operating partners
- Initiatives towards continuous improvements, including automation and EHS best practices
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- EHS Excellence Award by CII
- International Safety Award from the British Safety Council
Reporting Period: 2024-07 to 2024-09
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainability
Environmental Achievements
- Received ISO 50001 and other accreditations in H1 and PCSI status
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Double the combined business organically over the next five years
Short-term Goals:
- Not disclosed
Environmental Challenges
- Delayed recovery in Specialty Chemicals and Agrochemical business
Mitigation Strategies
- Increased focus on continuous improvements, automation, ESG, and EHS practices; building strategic partnerships; new product discussions and RFQs
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: ISO 50001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed