Ibnsina Pharma S.A.E.
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Water Consumption:127,500 m3/year
Waste Generated:111,649 kg/year (hazardous)
ESG Focus Areas
- Economic Impact
- Environmental Sustainability
- Social Responsibility
- Corporate Governance
Environmental Achievements
- Installed solar panels at one site, projecting at least a 45% savings on energy use.
- Initiated a pilot program to convert vehicles to natural gas.
- Initiated a pilot program for electric vehicles.
- Reduced stretch plastic consumption by 70% by using reusable pallet wrapping.
- Reduced energy consumption by 20% by replacing light bulbs with LEDs in 72% of warehouses.
- Installed air curtains in 10 warehouses to optimize cooling systems and reduce energy consumption.
Social Achievements
- Launched Misr El Kheir medical caravans, providing medical services to over 3,650 patients.
- Established the Rooya Visual Development Center in Qena.
- Donated EGP 4 million to the Egyptian Authority for Unified Procurement (EAUP) and EGP 5 million to the Welfare Fund to combat COVID-19.
- Rolled out 500,000 COVID-related awareness messages.
- Implemented a rotating 60/40 work-from-home policy during the pandemic.
- Offered COVID-19 vaccines to all employees and their families.
Governance Achievements
- Established a corporate excellence department to improve compliance.
- Implemented a whistle-blowing mechanism.
- Developed a comprehensive risk management process, including anti-corruption and fair competition policies.
- Published its first standalone sustainability report using the GRI G4 Standards.
Climate Goals & Targets
Long-term Goals:
- Reduce carbon footprint significantly.
Medium-term Goals:
- Expand natural gas vehicle conversion program.
- Expand electric vehicle program.
- Expand solar panel installation to more warehouses.
Short-term Goals:
- Build seven new warehouses with energy-saving technologies by 2025.
Environmental Challenges
- Regulatory environment changes.
- Global increase in medication prices.
- Climate change impacts on medicine storage and transportation.
- Counterfeiting of medicines.
Mitigation Strategies
- Open communication with regulatory bodies.
- Focus on providing affordable medicine.
- Contingency plan to address climate change impacts.
- Strict adherence to regulations and working only with licensed manufacturers.
Supply Chain Management
Responsible Procurement
- Due diligence on suppliers
- Contractual agreements with environmental and human rights clauses
Climate-Related Risks & Opportunities
Physical Risks
- High temperatures impacting operations
Transition Risks
- Rising energy costs
Opportunities
- Shifting to renewable energy sources
Reporting Standards
Frameworks Used: GRI G4 Standards: Core option, ESG Standard of the Egyptian Financial Regulatory Authority
Certifications: ISO 14001
UN Sustainable Development Goals
- Goal 1: No Poverty
- Goal 3: Good Health and Well-being
- Goal 7: Affordable and Clean Energy
- Goal 8: Decent Work and Economic Growth
- Goal 9: Industry, Innovation and Infrastructure
Initiatives contribute to these goals through improved access to healthcare, job creation, renewable energy adoption, and economic growth.
Awards & Recognition
- Amwal Al Ghad Annual Awards