Somerset Indus Capital Partners
Climate Impact & Sustainability Data (2023-04 to 2024-03)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Energy Consumption:~1800 MWh/year
Waste Generated:47 MT/year (Fund II); 147 MT/year (Fund I)
ESG Focus Areas
- Accessibility
- Affordability
- Job Creation
- Quality & Innovation
- Diversity, Equity and Inclusion
- Governance and Business Ethics
Environmental Achievements
- Reduced waste intensity (MT/Mn USD) from 3.35 to 1.51 for Fund II and from 10.49 to 2.37 for Fund I.
- Increased renewable energy consumption to ~1800 MWh across portfolio companies.
Social Achievements
- Reached 67 million lives touched.
- Created ~15,000 direct and indirect jobs.
- Served 0.3 million patients under Ayushman Bharat and other government schemes.
- Increased women in diverse roles to ~6,000.
Governance Achievements
- 100% of Fund II portfolio companies have an Anti-Corruption and Anti-Bribery Policy and Code of Conduct.
- 100% of Fund II portfolio companies have established Grievance Redressal Mechanisms.
Climate Goals & Targets
Long-term Goals:
- Continue to tackle accessibility and affordability in Indian healthcare.
Medium-term Goals:
- Increased focus on gender diversity, equity, and inclusion in portfolio companies.
Short-term Goals:
- Report Scope 1 and Scope 2 greenhouse gas emissions of portfolio companies in FY25.
Environmental Challenges
- Limited access to quality healthcare in Tier II and Tier III markets.
- Need for further expansion into aspirational districts.
Mitigation Strategies
- Investing in companies that provide affordable and accessible healthcare in underserved areas.
- Leveraging technology to improve healthcare delivery.
- Partnering with government schemes like Ayushman Bharat.
Supply Chain Management
Responsible Procurement
- Negotiating better rates with suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IRIS+, UN SDGs, SASB, GRI, IFC Performance Standards, ILO, UN PRI
Certifications: NABH, ISO 14001, ISO 9001, WHO GMP, EU GMP, BRCGS, Sedex, USDMF
Awards & Recognition
- Sustainability Impact Award 2023