Climate Change Data

Mangalam Drugs & Organics Limited

Climate Impact & Sustainability Data (2017-2018, 2020-21)

Reporting Period: 2017-2018

Environmental Metrics

ESG Focus Areas

  • Healthcare
  • Promoting Education
  • Eradicating Hunger & Malnutrition

Environmental Achievements

  • Unit 2 received WHO Approvals for manufacturing of Active Pharmaceutical Ingredients: Lumefantrine, Tenofovir Disoproxil Fumarate, Artemether, Emtricitabine, Efavirenz

Social Achievements

  • Focused efforts in Healthcare, Promoting Education and Eradicating Hunger & Malnutrition through CSR initiatives.
  • Nil complaints received regarding sexual harassment.

Governance Achievements

  • Compliance with all Corporate Governance requirements stipulated under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.
  • Board composition in conformity with the Companies Act, 2013 and Listing Regulations.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Introduce Nitrofurantion and Acyclovir.
  • Commercialize Pregabalin, Atorvastatin and Rosuvastatin in local markets.

Environmental Challenges

  • Implementation of Goods and Service Tax (GST) and general economic slowdown affected turnover and profit.
  • Decrease in raw material cost resulted in reduced sale prices of finished products.
  • Higher interest cost due to marginal payment to banks to exit restructuring process.
Mitigation Strategies
  • Augmented IT systems to comply with GST requirements.
  • Started in-house development of intermediates previously imported from China to improve availability and reduce costs.

Supply Chain Management

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: Indian Accounting Standards (Ind AS)

Certifications: WHO-GMP (both manufacturing units)

Third-party Assurance: Batliboi & Purohit, Chartered Accountants

UN Sustainable Development Goals

  • Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2020-21

Environmental Metrics

ESG Focus Areas

  • Healthcare
  • Promoting Education
  • Eradicating Hunger & Malnutrition
  • Environment Sustainability

Environmental Achievements

  • Installed diffused aeration system in effluent treatment plant, increasing efficiency and treatment capacity.
  • Installed VFD to brine chilling plant compressor, providing power consumption savings of Rs. 5 Lakhs p.a.
  • Replaced conventional belt driven gear box with direct driven planetary gear box, giving energy consumption savings of Rs. 3 Lakhs p.a.
  • In discussion and finalization of Power Purchase Agreement of 750k wp Solar based Open Access Project, which will provide annual savings of Rs. 15 Lakhs.

Social Achievements

  • Supported colleagues and their families, society and Government bodies during COVID-19 pandemic.
  • Introduced thermal scanning and sanitisation protocol at plants and offices.
  • Provided work from home wherever possible.
  • Made generous contribution to fight COVID-19.
  • Provided vaccination to all employees.
  • Providing food to indigent people
  • Providing healthcare to poor & underprivileged children
  • Providing Healthcare to needy
  • Providing medical support, education support and helping widows

Governance Achievements

  • Complied with Secretarial Standards 1 & 2 issued by Institute of Company Secretaries of India.
  • Implemented an Internal Financial Controls (IFC) framework.
  • Established a Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

  • COVID-19 pandemic causing unprecedented economic disruption and pressure on healthcare system.
  • Poor public healthcare funding and infrastructure.
  • Low per capita consumption of medicines.
  • Currency fluctuations.
  • Regulatory issues.
  • Government mandate controls.
  • Inflation and resultant increase in input cost.
  • Gap between auditors' expectations and company's ability to match audit fee expectations.
Mitigation Strategies
  • Implemented safety measures like mandatory face masks, work from home, temperature screening, and vaccination.
  • Social distancing measures in place.
  • Focusing on global generic and API Business locally.
  • R&D Activities.
  • Appropriate hedging activities to manage foreign exchange risk.
  • Appointed V. S. Somani & Co., Chartered Accountants to fill casual vacancy caused by resignation of M/s. Batliboi & Purohit.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: Batliboi & Purohit, Chartered Accountants