Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Impact
• Supply Chain Management
• Waste Management
• Employees Wellness
• Equal Opportunity
• Code of Conduct and Grievance Redressal
• Corporate Social Responsibility (CSR)

Social Achievements

• Various programmes for employee wellness, such as providing mediclaim, personal accident insurance, nutritional snacks, and refreshment facilities.

Governance Achievements

• Established various codes of conduct for Board of Directors, KMPs, and Senior Managerial personnel, including a Code for Insider Trading, Code of Conduct for Board of Directors, Vigil Mechanism, and Whistle-blower Policy.

Climate Goals & Targets

Environmental Challenges

• Environmental impact from manufacturing and marketing of pharmaceutical products.
• Supply chain management risks related to maintaining product efficacy.
• Waste management challenges related to expired and banned products.
• Employee wellness challenges related to maintaining employee productivity.
• Potential non-compliance with codes of conduct.

Mitigation Strategies

• Adoption of industry best manufacturing practices and insistence on environmental safety measures from third-party manufacturers.
• Outsourcing to a third-party with AI-based dispatch facilities and climate-controlled warehousing.
• Eco-friendly procedures for waste disposal using approved biological waste management agencies.
• Various employee wellness programs.
• Implementation of codes of conduct and grievance redressal mechanisms.

Supply Chain Management

Supplier Audits: 40%

Responsible Procurement

• Preference for local suppliers; 100% raw materials and finished goods from domestic suppliers/manufacturers in FY2022-23.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGRBCs

Environmental Metrics

ESG Focus Areas

• Environmental Impact
• Supply Chain Management
• Waste Management
• Employees Wellness
• Equal Opportunity
• Code of Conduct and Grievance Redressal
• Corporate Social Responsibility (CSR)

Social Achievements

• Adopted various programmes for employee wellness, such as providing mediclaim, personal accident insurance, nutritional snacks, and refreshment facilities.

Governance Achievements

• Established various codes such as Code for Insider Trading, Code of Conduct for Board of Directors, KMPs and Senior Managerial Personnel’s, Vigil Mechanism and Whistle-blower Policy.

Climate Goals & Targets

Environmental Challenges

• Environmental Impact: Failure to protect the environment will lead to financial penalties and hamper brand image.
• Supply Chain Management: Maintaining efficacy of medicines under appropriate weather conditions.
• Waste Management: Proper disposal of expired and banned pharmaceutical products.
• Employee Wellness: Maintaining employee mental and physical wellbeing for productivity.
• Code of Conduct and Grievance Redressal: Non-abiding of the Codes will lead to non-compliances.

Mitigation Strategies

• Environmental Impact: Adopted industry best manufacturing practices and insisted on safety measures from third-party manufacturers.
• Supply Chain Management: Outsourced supply chain to a third party with AI-based dispatch facility.
• Waste Management: Adopted eco-friendly procedures for disposal of waste and used approved biological waste management agencies.
• Employee Wellness: Provided mediclaim, personal accident insurance, nutritional snacks, and refreshment facilities.
• Code of Conduct and Grievance Redressal: Formed various codes and policies to govern business ethically.

Supply Chain Management

Supplier Audits: 42%

Responsible Procurement

• Preferential procurement policy for local suppliers and communities.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NVGs