Fortis Healthcare Limited
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Regular electricity supply at hospitals ensures lower dependence on diesel generator (DG) sets. Scrubbers have been installed on DG sets to reduce emission of greenhouse gases. In many hospitals, water heating is undertaken via solar panels and heat pumps, thus reducing reliance on GHG emitting fuels.
- Fortis has plants for the treatment of sewage and effluents, as per guidelines of the Pollution Control Board and the capacity of the hospital. Wastewater gets treated for further utilization in gardening and flushing systems.
Social Achievements
- The company continues to build a more diverse, inclusive and representative workforce with women constituting 56.2% of employees.
- The company has undertaken various measures to ensure a safe and healthy workplace. Measures include specific awareness workshops for fire safety, use of chemicals, infections, machine handling, and public handling, food and water audits, high cleaning standards for public areas and toilets and mental wellness workshops and helplines
Governance Achievements
- The governance profile is marked by 36% of the board comprising independent directors, split between positions of Chairman and CEO, and a strong investor grievance redressal cell. It also has extensive disclosures.
Climate Goals & Targets
Environmental Challenges
- Pending litigations, the impact of which is not expected to be material; and exposure to regulatory risks associated with the hospital sector.
- Continuing litigations related to the purchase of RHT assets by FHL, including a possible forensic audit.
- Contingent liabilities of ~Rs 2,622 crore as on March 31, 2024, include matters of income tax, medical negligence, among others.
Mitigation Strategies
- Management does not anticipate any major implication on the day-to-day operations and future growth plans of the company on account of the remaining litigations.
- FHL management does not envisage any significant financial liability that may arise on this account.