Climate Change Data

Environmental Metrics

ESG Focus Areas

• Employee well-being
• Business continuity
• Supply chain management
• Community service
• Environmental sustainability

Environmental Achievements

• Promoting the 3Rs (Reduce, Reuse and Recycle) to ensure optimal utilisation of resources
• Planted 25 trees at its plant location to reduce carbon effect
• Installed energy efficient lighting across factory premises for energy conservation
• Installed Rainwater harvesting unit for water conservation
• Using Pipeline Natural Gas as a clean fuel to minimise air pollution

Social Achievements

• Organised vaccination camps for associates and communities
• Recognised amongst ‘India’s 100 Best Companies to Work for 2020’ and ‘India’s Best Workplaces in Biotechnology & Pharmaceuticals’
• Developed “SafeSeniors” tool for early detection of risk in vulnerable Senior Citizen segment
• Engaged in programmes such as Pehlay Akshar (Education), Swayam Health, Swayam Drive and Swayam Digital (Employability) for underprivileged communities
• Introduced several initiatives to recognize employees’ efforts and drive motivation

Governance Achievements

• Improved operating performance led to an upgrade in credit ratings by ICRA
• Complied with all applicable Secretarial Standards
• Maintained a strong focus on business continuity

Climate Goals & Targets

Environmental Challenges

• Operational challenges during the initial phase of lockdowns due to the COVID-19 pandemic
• Impact of the COVID-19 pandemic across manufacturing, selling, supply chain and safety and well-being of people
• Reduction in transplants and chemo therapies negatively impacted sales of related products
• Myanmar de-grew due to political unrest
• Intense price pressure in semi-regulated markets

Mitigation Strategies

• Adoption of stringent COVID-19 protocols, robust systems and processes and digital initiatives
• Ensuring comprehensive Employee Care through health and safety measures, including teleconsultation and enhanced medical insurance
• Ensuring Supply Continuity of raw materials and packaging materials through proactive planning and relationship management with key vendors
• Deployment of several Digital initiatives such as teleconsultation facilitation service, e-CMEs, webinars, and medical emailers
• Sustained Opex control measures and bringing in efficiencies in manufacturing operations

Supply Chain Management

Responsible Procurement

• Proactive planning and relationship management with key vendors

Climate-Related Risks & Opportunities

Awards & Recognition

• India’s 100 Best Companies to Work for 2020
• India’s Best Workplaces in Biotechnology & Pharmaceuticals

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Multiple energy conservation measures were taken across all manufacturing facilities such as strong vigilance, employee awareness, minimizing leakages and energy waste.
• Chilled water system was installed for optimum usages which used 300 TR instead of 400 TR during winter season.
• Agreement executed for outsourced steam operating on solid fuel and it is implemented from September 2022.
• Company has signed Power Purchase Agreement for hybrid (solar + wind) power supply and it is implemented from February 2023.

Social Achievements

• Launched a slew of positive interventions in addition to those in the realm of safety and health, which has continued to drive engagement further.
• Pehlay Akshar (Education), Swayam Health, Swayam Drive and Swayam Digital (Employability) for the development of underprivileged communities in and around our plants and business locations.
• RPG Life Sciences in collaboration with RPG Foundation extended support to the public health system in Maharashtra by providing Portable ‘Fever Clinics’ to tackle the pandemic and other respiratory diseases which is being continued.

Governance Achievements

• ICRA Long-term rating reaffirmed at A
• Short-term rating reaffirmed at A1
• Jamnalal Bajaj Award for Fair Business Practices

Climate Goals & Targets

Environmental Challenges

• Tight monetary policies by central banks and geo-political uncertainties
• API business was relatively sluggish largely because of inventory adjustments with one of our top customers.
• Intense price pressure in global regulated markets, emergence of new local players affecting the branded generic prices, delay in approval of manufacturing facilities by regulated authorities and increased regulatory intervention in price fixation for domestic formulations

Mitigation Strategies

• The strength of its business model and robust systems and processes have helped mitigate the impact of macro challenges to a large extent.
• Focus on enhancing efficiency and expanding customer and market outreach for existing and new molecules.
• Modernization cum expansion of all the three plants API plant in Navi Mumbai and both the formulation plants at Ankleshwar.

Supply Chain Management

Responsible Procurement

• standard operating procedures for approving vendors
• periodic audits of vendors

Climate-Related Risks & Opportunities

Awards & Recognition

• Jamnalal Bajaj award for ‘Fair Business Practices’
• Champion of the Year award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced carbon emission by 27%
• Reduced water consumption by 16%
• Reduced waste generation by 49%
• Improved energy efficiencies by 26%

Social Achievements

• Launched RPGLS Happiness Quarter with 8 new initiatives
• Implemented Pehlay Akshar (Education), regenerative cotton farming (Employability), Fever Clinics (Community Development) and the Heritage Project

Governance Achievements

• Long term credit rating upgraded to A+ (Stable) from A (Stable) by ICRA
• Short term rating reaffirmed at A1 by ICRA

Climate Goals & Targets

Environmental Challenges

• Intense price pressure in global regulated markets
• Emergence of new local players affecting the branded generic prices
• Delay in approval of manufacturing facilities by regulated authorities
• Increased regulatory intervention in price fixation for domestic formulations
• Key brands under NLEM
• More FDCs coming under scrutiny
• Stringent regulatory environment across the globe

Mitigation Strategies

• Modernisation and expansion of both formulations and API plants
• Focus on building chronic therapies, specialty portfolios and life cycle management of legacy products (Domestic Formulations)
• Globalisation of existing products, development of new products, scouting of new partners and entry into new markets (International Formulations)
• Various energy conservation measures to reduce energy consumption and minimise the carbon footprint

Supply Chain Management

Responsible Procurement

• Standard operating procedures for approving vendors; periodic audits of vendors; long-standing business relations with regular vendors; freight contracts with leading transporters

Climate-Related Risks & Opportunities

Opportunities

• Integration of emergency preparedness and response within the Company’s business continuity plan
• Comprehensive resource management plans in alignment with the Company’s environment, health & Safety policy

Awards & Recognition

• India’s Top 500 Value Creators 2023 by Dun & Bradstreet