MSN Group of Companies
Climate Impact & Sustainability Data (2023-04 to 2024-03)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:244808.28 tCO2e/year
Scope 1 Emissions:135767.63 tCO2e/year
Scope 2 Emissions:109040.65 tCO2e/year
Scope 3 Emissions:66735.71 tCO2e/year
Renewable Energy Share:22.62% of total energy use
Total Energy Consumption:1808.28 TJ/year
Water Consumption:312.91 ML/year
Waste Generated:24391.87 tons/year
ESG Focus Areas
- Ethical Governance Practices
- Preserving our Planet
- Our People, Our Strength
- Steering towards Progress
Environmental Achievements
- Reduced solvent losses by 5%
- Reduced waste sent to landfills
- Increased renewable energy usage by 43%
Social Achievements
- Launched VConnect platform to enhance employee engagement
- Launched VGrow platform for employee learning and development
- Reduced employee turnover to 15%
Governance Achievements
- Established a systematic process to revisit the boundary of disclosure for existing and new business operations
- Engaged TUV India Pvt. Ltd. for independent assurance
- Recorded zero instances of material regulatory non-compliance
Climate Goals & Targets
Long-term Goals:
- Achieve net zero by 2045
Medium-term Goals:
- 100% of strategic suppliers acknowledge sustainable supplier COC by 2026
- Embed sustainability aspects in all supplier contracts by 2028
- 25% of total power consumption through renewable by 2030
- Water stress and risk assessment for 100% of operations by 2026
- Undertake lifecycle assessment for at least two products by 2025
Short-term Goals:
- Reduce supply chain GHG emissions by 2030
- Reduce Scope 1 and 2 emissions 25% by 2030
- Reduce freshwater consumption by 33% by 2030
- Reduce waste generation by 10% by 2028
- Increase women percentage by 30% by 2030
Environmental Challenges
- 17% increase in total GHG emissions (Scope 1 & 2) compared to FY22-23
- High process leads to limited heat transfer during distillation
- Increased energy consumption
Mitigation Strategies
- Implementing low-emission technologies
- Optimizing energy use
- Transitioning away from carbon-intensive fuel sources
- Introduced continuous extraction technology, eliminating solvent loss
- Increased the heat transfer area for more efficient distillation operations
Supply Chain Management
Supplier Audits: 100% coverage of key suppliers
Responsible Procurement
- Supplier Code of Conduct
- Supplier assessment matrix
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Universal Standards (2021), SASB guidance for Biotechnology and Pharmaceuticals, UNGC
Certifications: ISO 14001
Third-party Assurance: TUV India Pvt. Ltd.
Awards & Recognition
- CII - Intellectual Property Award
- PHARMEXCIL Patent Award - Silver
- PHARMEXCIL Patent Award - Gold
- Informa Markets - Packaging Team of the Year
- Telangana State IP Award (TSIPA)
- CII - Intellectual Property 2023
- Govt. of Telangana Award for Employment Opportunities created
- Patient-centric Packaging at the PPL Innovation Awards by Indian Express
- Pharma Company of the year by HMTV