Climate Change Data

Glenmark Life Sciences Limited

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:6,67,131.59 tCO2e/year (Scope 1)
Scope 1 Emissions:6,67,131.59 tCO2e/year
Scope 2 Emissions:59,703.28 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:9.18% of total energy use
Total Energy Consumption:73,39,291 GJ/year
Water Consumption:3,24,062 KL/year
Waste Generated:13,244 MT/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • 9.18% of electricity usage contributed from renewable energy sources
  • Specific water consumption down by 42.59%
  • 93,445 KL water recycled & reused

Social Achievements

  • 3,72,830 lives touched and impacted through CSR interventions
  • INR 111.12 Million CSR Investment
  • Sampurna initiative benefitted 3,37,157 beneficiaries

Governance Achievements

  • Robust corporate governance framework implemented
  • ESG Committee formed to monitor action items
  • Independent Board with diverse experience

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Carbon neutrality by 2030
Short-term Goals:
  • Water neutrality by 2027
  • Zero waste to landfill by 2027

Environmental Challenges

  • Geopolitical situation and Red Sea disruptions led to supply chain delays
  • Subdued overall demand in FY24, particularly in Japan market
Mitigation Strategies
  • Holding higher inventory to ride out global uncertainty
  • Expanding capacities through brownfield expansions at Ankleshwar and Dahej
  • Developing alternative sourcing strategies

Supply Chain Management

Supplier Audits: 25% coverage by March 2024

Responsible Procurement
  • Alternate Vendor Development (AVD) program
  • Vendor audits assessing compliance with EHS criteria

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: IIRC Framework, GRI Standards: Core option, UN SDGs, National Voluntary Guidelines (NVG)

Certifications: ISO 14001:2015, ISO 45001:2018, ANVISA (Brazil) GMP certification

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

CSR initiatives align with UN SDGs

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Silver in 'Best Leadership Development Programme (Pharma)' at TISS LeapVault CLO Awards, 2023
  • Bronze for 'Excellence in Campus/Fresher Hiring' at ET-HCA 2024