Climate Change Data

Indoco Remedies Limited

Climate Impact & Sustainability Data (2022-04 to 2023-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:12,827.33 tCO2e
Scope 2 Emissions:44,543.70 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:247,109.68 kilolitres
Waste Generated:665.92 metric tonnes
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Entered into Share Purchase and Shareholder’s Agreement with Kanakal Wind Energy Private Limited and Jalansar Wind Energy Private Limited to acquire up to 26% stake each for setting up Solar Power plants, resulting in substantial savings in electricity costs at R&D Centre and API Plant.
  • Implemented waste recycling procedures to minimize waste disposal.

Social Achievements

  • Dedicated to upholding CSR mission by actively supporting the underprivileged, with a significant focus on improving the well-being of women, the elderly and children.
  • Indoco wins the “GOA BEST EMPLOYER BRAND AWARD 2023”

Governance Achievements

  • Revised and adopted the “Code of Conduct for Board of Directors and Senior Management” and “Insider Trading Code”.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Regulatory changes, pricing pressures, intellectual property issues and global economic fluctuations.
  • Supply chain disruptions
Mitigation Strategies
  • Investing in innovative technologies and strategic partnerships.
  • Developing alternative sourcing strategies
  • Robust assessment method to analyze the repercussions of an unforeseen supply chain disruption and developing a thorough contingency strategy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Assessing suppliers to ensure alignment with industry-specific responsible supply chain initiatives and compliance requirements.

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • GOA BEST EMPLOYER BRAND AWARD 2023
  • Champion Brand of the Year award (ATM)