Dr. Reddy's Laboratories Limited
Climate Impact & Sustainability Data (2003-04, 2004-05, 2009-10, 2015-04 to 2016-03, 2016-04 to 2017-03, 2018-04 to 2019-03, 2019-20, 2020-04 to 2021-03, 2021-04 to 2022-03, 2023-04 to 2024-03)
Reporting Period: 2003-04
Environmental Metrics
ESG Focus Areas
- Economic Performance
- Environmental Footprints
- Social Responsibility
Environmental Achievements
- Commissioned a zero liquid discharge plant (ZLDP) at Miryalguda plant, recycling 100% of industrial effluents.
- Reduced water usage per unit sale.
- Reduced hazardous and non-hazardous waste by 8%.
- Reduced CO2 emissions by over 500 tons in the Generics plant, resulting in annual savings of Rs. Six million.
- Achieved ISO 14001 and OHSAS 18001 certifications for Generics plant.
Social Achievements
- Implemented the CAP-SCOPE project, benefiting over 7000 children.
- Launched LABS program, providing livelihoods to more than 15,000 unemployed youth.
- Supported Naandi Foundation's initiatives, impacting over a million underserved people.
- Implemented the 'Power of 10' initiative, where employees contribute to Naandi Foundation.
- Created Ankur, a corporate university, for employee development.
Governance Achievements
- Established a robust SHE policy and management system.
- Implemented a global matrix organizational structure.
- Awarded the ICSI National Award for Excellence in Corporate Governance in 2002.
Climate Goals & Targets
- Create one million livelihoods by 2010 through the Dr. Reddy’s Foundation for Human and Social Development.
- Make all six API plants zero industrial effluent discharge plants.
- 15% reduction in water use over three years starting from 2003.
Environmental Challenges
- Water security threats.
- Greenhouse gas emissions.
- Wastewater discharge.
- Hazardous waste management.
- Safety incidents at construction sites.
- Transportation of hazardous materials.
Mitigation Strategies
- Installed 250 water meters, conducted process reviews, and created awareness campaigns to reduce water usage.
- Implemented energy conservation initiatives, resulting in significant CO2 emission reductions.
- Invested in multiple effect evaporators for wastewater treatment and recycling.
- Implemented responsible waste disposal practices, including incineration, landfilling, and recycling.
- Developed internal guidelines for contractor safety and training manuals for contract workers.
- Developed detailed guidelines for the transportation of hazardous materials by road.
Supply Chain Management
Supplier Audits: First-line suppliers inspected for statutory compliance.
Responsible Procurement
- Continuous advice and periodic meetings with suppliers regarding SHE.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Global Reporting Initiative (GRI)
Certifications: ISO 14001, OHSAS 18001
Third-party Assurance: Ernst & Young Pvt. Ltd.
Awards & Recognition
- Express Pharma Pulse Award for excellence in research
- National Award from CII for energy conservation
- ICSI National Award for Excellence in Corporate Governance (2002)
- Various awards for employee engagement and HR practices.
Reporting Period: 2004-05
Environmental Metrics
ESG Focus Areas
- Economic performance
- Environmental footprint
- Social responsibility
Environmental Achievements
- Reduced water consumption by 4%
- Reduced effluent discharge by 68%
- Commissioned zero liquid discharge plants at three API units
- Achieved a 12673 KL/annum reduction in effluent generation at API Unit 2
- API Unit 2 won CII awards for energy and water efficiency
Social Achievements
- Increased R&D investment by 41%
- Implemented DuPont's STOP program, reducing first-aid cases significantly
- Created 20,000 livelihoods through LABS program (against a target of 10,000)
- Invested 8016 person-days in employee training
- Improved offer-to-acceptance ratio in recruitment to 96%
Governance Achievements
- Strengthened internal controls through SOX compliance
- Implemented a Code of Business Conduct and Ethics
- Established a three-tier SHE management structure
Climate Goals & Targets
- Create a million livelihoods by 2010
- Not disclosed
- Not disclosed
Environmental Challenges
- 3% decline in revenues
- Decline in revenue from key products
- Increased greenhouse gas emissions due to increased energy consumption
- Decline in hazardous material transport compliance
Mitigation Strategies
- Increased investment in drug discovery and pipeline building
- Implemented energy-saving measures and process improvements
- Implemented measures to improve hazardous material transport compliance
- Implemented cost control measures and process excellence initiatives
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Global Reporting Initiative
Certifications: ISO 14001, OHSAS 18001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Best Management Award from Andhra Pradesh State Government
- CII Energy & Water Management Awards
- WorldStar award for packaging excellence
Reporting Period: 2009-10
Environmental Metrics
ESG Focus Areas
- Affordable and Innovative Medicines
- Product Responsibility
- Being an Employer of Choice
- Environmental Management and Climate Change
- Sustainable Sourcing
- Caring for Communities
Environmental Achievements
- Reduced wastewater discharged to 3,740 m³ compared to 37,000 m³ the previous year.
- Reduced hazardous waste disposed by 37% to 13,045 tons.
- 28% of water requirement met through recycled water (increased by 9% to 558,000 m³).
Social Achievements
- Sparsh program benefited 4,250 underprivileged cancer patients.
- Power of 10™ employee giving program raised over INR 2,440,000.
- Various community initiatives in education and livelihood development.
Governance Achievements
- Implementation of Quality by Design (QbD) approach.
- Enhanced regulatory compliance and proactive engagement with regulatory bodies.
- Increased automation to enhance quality, reliability, and consistency.
Climate Goals & Targets
Environmental Challenges
- Global economic slowdown and pricing pressures.
- Increased government regulations.
- Two product recalls.
- Environmental concerns about water usage and discharge.
- Impact of global epidemics on the industry.
Mitigation Strategies
- Strategic alliances with GSK and other companies.
- Implementation of Quality by Design (QbD) and enhanced quality systems.
- Proactive engagement with regulatory bodies.
- Water conservation initiatives and wastewater treatment facilities.
- Self-initiated voluntary product recalls and improved pharmacovigilance.
Supply Chain Management
Responsible Procurement
- Sustainable sourcing initiatives; working with suppliers to improve their sustainability quotient.
Climate-Related Risks & Opportunities
Reporting Period: 2015-04 to 2016-03
Environmental Metrics
ESG Focus Areas
- Environment
- Employee Well-being
- Stakeholder Engagement
- Human Rights
- Equitable Development
- Customer Value
Environmental Achievements
- All plants are zero discharge; 86% of organic waste upcycled; more than 10% of energy needs met from renewable sources; 31 energy conservation projects implemented, saving ₹63.54 million; solar energy consumption of 39.0 million kWh, reducing carbon footprint by 38,611 MT of CO2e.
- Reduction in resource use (energy, water, raw materials) for Fexofenadine, Sumatriptan, and Azacitidine.
Social Achievements
- Extended Self-Managed Teams (SMTs) program; People Management Effectiveness Programme; rolled out the People Management Effectiveness Programme; Community Health Intervention Programme (CHIP) benefited over 7,500 people; School Improvement Programme benefited more than 12,000 students; trained over 7,000 young adults for livelihood; Annual Week of Giving.
- Launched Medznat, a digital information platform in Russia for healthcare professionals.
Governance Achievements
- Rewired quality systems; upgraded quality incident investigation (QII) system; implemented Intelligent Integration project for supply chain; institutionalised PACE, a productivity enhancement programme; piloted a business continuity plan; strengthened Quality Management Systems; implemented Enterprise Risk Management (ERM) initiative; buyback of shares.
Climate Goals & Targets
Environmental Challenges
- USFDA warning letter following inspections of three plants, leading to delayed product launches and increased costs; economic problems in Russia and devaluation of the rouble; economic crisis in Venezuela, restricting repatriation of funds beyond US$4 million.
Mitigation Strategies
- Comprehensive plan of corrective and remedial actions submitted to USFDA; strengthening pipeline with complex generics, better OTC offerings, and increasing institutional/hospitals business; decided to supply medicines to Venezuela only against letters of credit or pre-payment.
Supply Chain Management
Responsible Procurement
- Code of Conduct for partners; 60% of procurements from domestic producers; initiatives to improve capacity and capabilities of local producers.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Global Compact
Sustainable Products & Innovation
- Fexofenadine, Sumatriptan, Azacitidine; Zembrace™ SymTouch™; Sernivo™ Spray.
Reporting Period: 2016-04 to 2017-03
Environmental Metrics
ESG Focus Areas
- Affordable and innovative medicines
- Being an employer of choice
- Caring for communities
- Environmental management and climate change
- Sustainable sourcing
- Product responsibility
Environmental Achievements
- Achieved zero hazardous waste to landfill across all API manufacturing units in India.
- Reduced specific energy consumption by 6.7% over the previous year.
- Reduced specific water consumption by 58% compared to the base year 2010 (40% target by 2020 achieved).
Social Achievements
- Launched Purple Health®, a patient-centric innovation platform.
- Implemented various initiatives under Purple Health® (PHAP, SPARSH, MITR, CHEER, Livpositive, Ecocamp, Purple Pack®) improving patient adherence and access to medicines.
- Increased the number of women in the workplace significantly, ranking first in the “Diversity in Asia” report by Carnstone.
Governance Achievements
- Revised Code of Business Conduct and Ethics (COBE) to reflect changing stakeholder expectations.
- Implemented a control tower approach for ensuring overall compliance with product quality requirements.
- No Class 1 product recalls during the reporting year.
Climate Goals & Targets
- Reduce specific energy consumption by 40% by 2020.
- Become water neutral by 2020.
- Reduce specific generation of hazardous waste by 40% by 2020.
- Reduce hazardous waste sent to landfills/incineration by 40% by 2020.
- Achieve 25% renewable energy by 2020.
- Not disclosed
Environmental Challenges
- Changing market dynamics and increased competition.
- Shift in regulatory enforcement mechanisms.
- Pricing pressures in emerging markets.
- Economic slowdowns in some markets.
- Lower offtake of some key molecules in the API portfolio.
- Loss of a contract worker highlighting the criticality of workplace safety.
Mitigation Strategies
- Integrated all manufacturing processes and support functions under a unified 'Global Quality Management System'.
- Significant investments in upgrading manufacturing infrastructure and quality systems.
- Structured capability building across all levels.
- Integrating safety and quality into the core of the manufacturing system.
- Implementing reliability centered maintenance (RCM) approach for maintenance operations.
- Mechanization and automation initiatives to improve efficiency and reduce errors.
Supply Chain Management
Supplier Audits: Independent third-party audits; 100% of high-risk suppliers have corrective action plans.
Responsible Procurement
- Supplier Code of Conduct based on ILO, UDHR, SAI, ETI, and GRI standards; procedures to procure from local and small producers; supply chain excellence initiatives.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core option
Certifications: ISO 14001, OHSAS, SA8000
Third-party Assurance: DNV GL Business Assurance India Private Limited
UN Sustainable Development Goals
- Goal 3: Good health and well-being
- Goal 6: Clean water and sanitation
- Goal 7: Affordable and clean energy
- Goal 9: Industry, innovation and infrastructure
- Goal 12: Responsible consumption and production
- Goal 13: Climate action
Sustainability activities linked to relevant UN SDGs.
Sustainable Products & Innovation
- Differentiated formulations for easier and calibrated dosages; green chemistry initiatives in drug development and manufacturing (Sildenafil, Rivaroxaban).
Awards & Recognition
- Golden Peacock Award for Sustainability 2016
- Listed in Dow Jones Sustainability Indices for emerging markets
- Frost & Sullivan Green Manufacturing Excellence Award (GMEA)
- CII Environmental best practices award
Reporting Period: 2018-04 to 2019-03
Environmental Metrics
ESG Focus Areas
- Environmental Management and Climate Change
- Sustainable Sourcing
- Caring for Communities
- Being an Employer of Choice
- Providing Affordable and Innovative Medicines
- Product Responsibility
Environmental Achievements
- 188 energy efficiency/conservation projects implemented, resulting in ₹233.7 million cost savings and avoided carbon emissions of 96,364 tCO2e
- 8.92% reduction in indirect energy consumption
- 7.7% renewable energy in total energy mix; 49.4 million kWh solar energy consumption (avoided 46,473 tCO2e)
- 42,165 tCO2e carbon emission avoided from Air Vs Sea shipment initiative
- 21% reduction in specific energy consumption from 2009-10 baseline
- 59% reduction in specific water consumption from 2009-10 baseline
- 20,298 MT waste co-processed and recycled
- 51% reduction in hazardous waste generation from 2009-10 baseline
- Achieved zero waste to landfill at all API facilities
Social Achievements
- LIV Positive program benefited 1743 patients
- SPARSH program benefited 2000 patients
- Jagruti program had 148 new patient enrollments
- 8 flagship medical education programs with high Net Promoter Scores (NPS)
- ₹262 million total contribution towards community development (2.05% of profit after tax)
- 327,104 people benefited from community-based initiatives
- Inclusion in the Bloomberg Gender-Equality Index for the second time
Governance Achievements
- Strong and independent Board maintaining high corporate governance standards
- Full compliance with SEBI and NYSE corporate governance norms
- Robust governance structure and periodic internal audits supporting Code of Business Conduct and Ethics (COBE) implementation
- Comprehensive Enterprise Risk Management (ERM) system
Climate Goals & Targets
- Not disclosed
- Achieve 3 MW capacity of rooftop solar installations and 96 MW capacity through joint venture
- Achieve ZLD status at all Formulation operations by 2020
Environmental Challenges
- Regrettable attrition of entry-level hires in the second year (<=10%)
- Supply chain disruptions due to changes in China's environmental policies
- Limited availability of high-caliber talent in the pharma industry
- Rapid technological change
Mitigation Strategies
- Proficient performance appraisal systems and on-the-job training programs
- De-risking single sources out of China and focusing on India's domestic market
- Upskilling initiatives and comprehensive training needs analysis
- Investing in the brightest minds and continuously refreshing talent pool
Supply Chain Management
Supplier Audits: All critical Tier 1 suppliers audited every 2-4 years; risk-based audit system
Responsible Procurement
- Supply chain code of conduct
- Vendor risk assessment framework
- Emphasis on local procurement
- Integration of sustainability criteria in supply chain management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards – Core option, International Integrated Reporting
Certifications: ISO 14001, OHSAS 18001, SA 8000 (some facilities)
Third-party Assurance: DNV GL Business Assurance India Private Limited
Sustainable Products & Innovation
- Purple Pack intelligent packaging
- Biodegradable paper fiber board drums
- Electronic medication guides
Awards & Recognition
- FTSE4 Good Index Series
- DJSI Emerging Markets Index
- India Pharma CSR Program of the Year
- Top 50 Pharma Innovation Award
- Excellence in Pharma: IT, eHealth & Digitization
- Sustainable Organization of the Year 2019 – Pharma Sector
- CII Environment Excellence Award
- CII Environmental Best Practice Award
- SHE Excellence – Pharmaceutical Company of the Year
- Gold 4 Star – OHSSAI Award 2019 for Sustainability
- Operational Excellence in Supply Chain award (3 times)
Reporting Period: 2019-20
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced specific water consumption by 61% (target 40%)
- Reduced specific hazardous waste generation by 48% (target 40%)
- 100% of non-hazardous waste (17,984 tons) recycled/sold
- Reduced specific energy consumption by 31% (target 40%)
- Achieved 8.8% renewable energy share (target 25%)
- 48% of total freshwater consumption recycled/reused
Social Achievements
- 3% reduction in employee turnover rate compared to FY2019
- Zero fatalities
- Increased number of differently abled employees by 10%
- Total spending on CSR as a percentage of profit after tax
Governance Achievements
- No incidents of bribery or corruption
- Initiated a regulatory and physical climate risk assessment as part of TCFD
Climate Goals & Targets
- Aligned to SBTi targets
- 55% Scope 1&2 reduction (Base Year 2017-18)
- 50+% Renewable Energy
- 100% Water Neutrality
- 100% Waste Circularity including Plastic (Global)
- 100% Waste Circularity including Plastic (India)
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- 67.9% of procurement budget spent locally
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: SA 8000:2014 (most facilities)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Many awards listed in the report (see page 6)
Reporting Period: 2020-04 to 2021-03
Environmental Metrics
ESG Focus Areas
- Improving communities' health
- Building resilient health systems
- Investing in digital healthcare solutions
- Resource efficient buildings and production processes
- Energy and emissions management
- Water management
- Waste management
Environmental Achievements
- Reduced carbon emissions intensity by 27% (against the base year FY2018)
- Achieved 74% water neutrality potential
- Achieved 100% plastic waste neutrality in India (two years ahead of 2023 goal)
- 98.73% of hazardous waste sent as fuel to cement industries and recyclers
- Over 70% of global manufacturing sites are Zero Liquid Discharge facilities
Social Achievements
- Donated INR 360.8 million for community development and INR 50 million to the Andhra Pradesh Chief Minister's Relief Fund
- Mobilized essential resources including INR 50 million worth of N95 masks
- Served 2.5 million meals to communities
- Continued flagship Community Health Intervention programme (CHIP) supporting 192,545 people in 155 villages
- Provided bereavement support to families of colleagues who lost their lives due to COVID-19
Governance Achievements
- Became a full member of the Pharmaceutical Supply Chain Initiative (PSCI)
- Improved company-wide gender diversity to 17.18%
- 167 concerns received through Ombudsperson reporting channels, all investigated and acted upon
Climate Goals & Targets
- Carbon neutrality
- 50% share of renewable energy (power-to-power) by 2025
- 100% waste neutrality (including plastic waste) in India by 2023
- 100% water neutrality by 2025
- 100% waste neutrality (including plastic waste) globally by 2025
Environmental Challenges
- Supply chain disruptions due to the COVID-19 pandemic
- Climate change causing a rise in sea level and increasing the risk of flooding
- Technology disruptions impacting business processes
- Water crisis
Mitigation Strategies
- Activated Business Continuity Plan (BCP)
- Implemented energy conservation projects reducing emissions and saving costs
- Increased use of renewable power (21% of total power consumed)
- Developed alternative water sources
- Implemented Zero Liquid Discharge (ZLD) water treatment at 15 of 21 global manufacturing facilities
- Developed location-specific responsive mitigation plans for climate-related physical risks
- Investing in the protection of data and information technology to reduce technology-related risks
Supply Chain Management
Supplier Audits: 99 suppliers audited under ESG parameters
Responsible Procurement
- Supplier Code of Conduct (SCOC) modeled on PSCI Principles
Climate-Related Risks & Opportunities
Physical Risks
- Flooding
- Earthquakes
- Droughts
Transition Risks
- Phase-out of high-carbon fuels
Opportunities
- Renewable energy projects
- Green chemistry
- Energy efficiency improvements
Reporting Standards
Frameworks Used: GRI Standards: Core option, UN Global Compact, UN Sustainable Development Goals (SDGs), Science-Based Targets initiative (SBTi), Task Force on Climate-related Financial Disclosures (TCFD)
Certifications: ISO 14001 (8 global formulations manufacturing sites)
Third-party Assurance: DNV
UN Sustainable Development Goals
- Goal 3 (Good Health and Well-being)
- Goal 7 (Affordable and Clean Energy)
- Goal 8 (Decent Work and Economic Growth)
- Goal 12 (Responsible Consumption and Production)
- Goal 13 (Climate Action)
Initiatives mapped to SDGs throughout the report
Sustainable Products & Innovation
- CLOHEX -NS interdental brush with recycled packaging
Awards & Recognition
- CPhI Pharma Awards 2020 (Excellence in Pharma: Sustainability)
- CMO Leadership Awards 2020
- North American CandE Awards 2020
- UN Women 2020 WEP Awards
- CII-ITC Sustainability Awards 2020
- CII SCALE Award 2020
- 28th Infiexion Pharma Supply Chain & Cold Chain e-Expo & Awards
- SEEM National Energy Management Awards 2020
- Global Generics & Biosimilars Awards 2020
Reporting Period: 2021-04 to 2022-03
Environmental Metrics
ESG Focus Areas
- Environmental stewardship
- Access and affordability of medicines
- Equity, diversity and inclusion
- Good governance
Environmental Achievements
- Reduced emissions of 21,978 tCO2e
- Reduced water intensity by 13% compared to FY21
- 99% waste neutral globally
- No discharge of wastewater to the environment
- 100% plastic neutral in India
- 26% power sourced from renewable sources
- Reduced downstream transportation emissions by 15,215 MT CO2e by shifting from air freight to sea freight
Social Achievements
- Reached ~674 million patients globally
- 83% actively engaged employees
- 98.1% Employees returned to work after parental leave
- 62.9 hours Training and development per FTE
- ~0.5 million Total healthcare stakeholders trained
- 100 million People from 9000 Indian rural towns reached through rural access programme, Vistara
- ~28 million Patients reached in low- and middle-income countries
- 100% Workforce paid more than minimum wages and covered by medical insurance, maternity and paternity benefits
- Over 4,25,000 individuals have been positively impacted through CSR efforts
- Trained 378 youth through core employability skills training programme for persons with disabilities
Governance Achievements
- Sustainability & CSR Board level committee formed
- 80% Independent Directors on Board
- 40% Board members are diverse based on gender or ethnicity
- Project Ethos benchmarking of business ethics policies
Climate Goals & Targets
- Gender parity by 2035
- Serve 1.5 billion patients by 2030
- 100% renewable power by 2030
- Carbon neutral in direct operations by 2030
- 12.5% reduction in indirect carbon emissions by 2030
- 100% water neutrality by 2025
- 100% of strategic suppliers compliant with internal ESG framework by 2030
- At least 35% women in senior leadership by 2030
- 3% of workforce to be persons with disabilities by 2030
- Water-positive by 2025
- 100% waste neutrality (plastic) in India by 2023
- 50% share of renewable energy by 2025
- Enhance ESG disclosures to reach top quartile by 2025
- Living wages for the extended workforce by 2025
Environmental Challenges
- Price pressures, changing market conditions and cost escalations due to supply chain disruptions
- Climate-related risks (extreme weather, regulatory changes)
- ESG risks (inadequate performance, negative ratings)
- Supply chain disruptions
- Antimicrobial resistance
Mitigation Strategies
- Investing in climate-resilient infrastructure, insurance coverage, and supply chain improvements
- Strengthening ESG policies, controls, and processes
- Developing alternative sourcing strategies
- Implementing Project Ethos to improve compliance
- Promoting responsible manufacturing practices and access to affordable medicines
Supply Chain Management
Supplier Audits: 275 suppliers underwent onsite ESG risk assessment in last three years; 40% ESG factors in supplier audits; 100% suppliers covered under the Supplier Code of Conduct
Responsible Procurement
- Supplier Code of Conduct (SCOC) modeled on PSCI Principles
- Supplier screening and assessment
- ESG framework aligned to PSCI guidelines
- Training on sustainable procurement
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather, flooding, cyclones, typhoons, hurricanes
Transition Risks
- Regulatory changes, carbon pricing mechanisms
Opportunities
- Development of energy-efficient products
- Increased demand for products and services due to climate-related health hazards
- Resource efficiency
Reporting Standards
Frameworks Used: GRI Standards: Core option, UN Global Compact Communication on Progress
Certifications: ISO 45001 (7 global formulations manufacturing units), ISO 14001 (8 global formulations manufacturing sites)
Third-party Assurance: DNV
UN Sustainable Development Goals
- Goal 3 (Good Health and Well-being)
- Goal 7 (Affordable and Clean Energy)
- Goal 8 (Decent Work and Economic Growth)
- Goal 10 (Reduced Inequalities)
- Goal 12 (Responsible Consumption and Production)
- Goal 13 (Climate Action)
Initiatives aligned with UN SDGs through various programmes and goals
Sustainable Products & Innovation
- Green chemistry initiatives
- Sustainable packaging
Awards & Recognition
- Dow Jones Sustainability Index
- S&P Global Sustainability Yearbook
- Bloomberg Gender-Equality Index
- CDP Supplier Engagement Leaderboard
- CII SCALE Award
- Frost & Sullivan-TERI Sustainability 4.0 Awards
- American Heart Association Workplace Health Achievement Index
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 14% absolute reduction in Scope 1 & 2 emissions from previous financial year
- 6% absolute reduction in Scope 3 emissions from previous financial year
- 7% reduction in fresh water intensity from previous financial year
- 48% of total energy consumption is from renewable sources
- Water positive by 2025
Social Achievements
- 100% of our permanent employees and workers are covered under health and accident insurance, and maternity and paternity benefits
- 99.1% return to work rate and 83.6% retention rate for our permanent employees post parental leave
- 92% employees and 99.2% workers were provided skill upgradation training
- Positively impacted 496,618 individuals through CSR initiatives
Governance Achievements
- Sustainability and CSR Committee act as nodal Committee for ESG related matters
- No disciplinary action against Directors/KMPs/Employees/ Workers by any law enforcement agencies for charges of bribery/corruption
- 36.4% of Board members are women directors
Climate Goals & Targets
- Serve 1.5 bn+ patients by 2030
- Gender parity by 2035
- 100% renewable power by 2030
- Carbon neutral in direct operations by 2030
- 12.5% reduction in Scope 3 emissions by 2030
- At least 35% women in senior leadership by 2030
- 3% of our workforce to be Persons with Disability (PwD) by 2030
- Enhance disclosures to reach top quartile by 2025
- 100% of our strategic suppliers to be compliant with our chosen ESG framework by 2030
- Water positive by 2025
- 100% living wages for our extended workforce by 2025
Environmental Challenges
- Regulatory compliance
- Pharmacovigilance (PV)
- Water Management
- Waste Management
- Energy and emissions management
- Talent attraction and retention
- Combating counterfeit medicines
- Business continuity
- Business ethics/bribery and corruption
- Geo-political risk
- Data security, data privacy, and cybersecurity
- Supply chain
- Product development
Mitigation Strategies
- Robust quality processes and systems
- Mature system to monitor benefit-risk profile of products
- Water management strategy involving water efficiency, alternate sources, and creating freshwater potential
- Waste management systems at all facilities
- Decarbonisation strategy focusing on energy mix, conservation, and carbon sequestration
- Analytics to measure employee performance and address skill gaps
- Comprehensive measures including DSCSA implementation and serialisation
- ERM and assurance functions to identify key risks
- Code of Business Conduct and Ethics (COBE) and Anti-Bribery and Anti-Corruption policies
- Monitoring geopolitical developments and mitigating exposure
- ISMS based on ISO 27001 and NIST Cybersecurity Framework
- Active management of third-party relationships and broad supplier base
- Upskilling employees and adopting new technologies
Supply Chain Management
Supplier Audits: 25.5% of value chain partners (India direct spend) evaluated on multiple ESG parameters
Responsible Procurement
- Supplier Code of Conduct with sustainability requirements
- ESG framework for assessing strategic suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards 2021, UN SDGs, NGRBC
Certifications: ISO 14001, ISO 45001, SA8000
Third-party Assurance: DNV Business Assurance India Private Limited
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- National Award for the Empowerment of Persons with Disabilities