Piramal Pharma Limited
Climate Impact & Sustainability Data (2023-04 to 2024-03)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:56230+79415+499659 = 635204 tCO2e/year
Scope 1 Emissions:56230 tCO2e/year
Scope 2 Emissions:79415 tCO2e/year
Scope 3 Emissions:499659 tCO2e/year
Renewable Energy Share:10% (India), 6% (Global)
Water Consumption:586874 m3/year
Waste Generated:14563+18640 = 33203 tons/year
Carbon Intensity:18.2 tCO2e/H Crores of Revenue
ESG Focus Areas
- Business Resilience
- Quality and Excellence
- Responsible Operations
- Stakeholder Centricity
Environmental Achievements
- 4.76% reduction in Scope 1 & 2 emissions compared to base year
- 49% increase in renewable energy consumption
- 2,39,831 KL total water savings during the reporting year
- Zero hazardous waste to landfill
Social Achievements
- Launched Pehla Qadam Programme to empower women in local communities
- 13% increase in women representation in global workforce
- 61% of employees covered under ESG training
- 85% and 87% customer satisfaction scores for CDMO and CHG businesses respectively
- 10% improvement in LTIR performance compared to FY 2022-23
Governance Achievements
- Zero cases of data breaches
- 36 successful regulatory inspections in FY 2023-24
- 4 successful USFDA inspections in FY 2023-24
- Zero corruption incidents reported
- 50% Independent Directors on Board
- 30% Women representation on Board
Climate Goals & Targets
Long-term Goals:
- Net zero emissions
Medium-term Goals:
- Reduce absolute Scope 1 and Scope 2 emissions by 42% by 2030 from the 2022 baseline
- Reduce absolute Scope 3 emissions by 25% by 2030 from the 2022 baseline
- Achieve 26% renewable energy in India and 19% globally by FY 2026
Short-term Goals:
- Reduce water consumption by 400 KLD
Environmental Challenges
- Continued stress in the biotech funding environment
- Global supply chain disturbances
- Customer and product concentration risk
- Site concentration risk
- Clinical or regulatory attrition risk
- Third-party manufacturing and quality risk
- Talent acquisition and retention risk
- Environmental risks
- IT and cyber risks
- Capex project management risk
Mitigation Strategies
- Diversified customer base
- Strengthened business development team
- Continuous monitoring of geopolitical situation
- Modified inventory levels and production/sourcing schedules
- Broadening customer base and expanding product offerings
- Building a pipeline of products
- Globally diversified development and manufacturing facilities
- Strong pipeline of orders
- Regular vendor audits
- Diversifying vendor network
- Equipment replacement plans
- Employee retention programmes
- 5R principle of Reduce, Reuse, Recover, Recycle, and Rethink
- Antivirus, anti-spyware protection, and firewalls
- Continuous monitoring of capex projects
Supply Chain Management
Supplier Audits: 37% of critical suppliers assessed on sustainability criteria
Responsible Procurement
- Sustainable Procurement Policy
- Revised Supplier Code of Conduct
- 100% Responsible Sustainable Palm Oil (RSPO) certified palm oil
- 100% SA8000 certified soybean oil
- 82% SA8000 certified groundnut oil
Climate-Related Risks & Opportunities
Opportunities
- Renewable energy
- Energy efficiency
Reporting Standards
Frameworks Used: GRI Universal Standards 2021, UN Sustainable Development Goals
Certifications: ISO 45001, ISO 14001
Third-party Assurance: DNV Business Assurance India Private Limited
UN Sustainable Development Goals
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Initiatives mapped to UN SDGs
Awards & Recognition
- Times Now Global Sustainability Alliance Sustainable Organisations 2024
- Pharma Quality Excellence Awards 2024
- ET Now’s Best Organisation for Women 2024
- Continuous Learning Award
- Quality Innovation Award