Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Employee Well-being
• Community Development

Environmental Achievements

• Commissioned low pressure steam turbine generating 100 KW/HR electrical power.
• Installed Solar Panels of 700 KW capacity.
• Replaced old insulation of reactors and cold well of brine storage tank to prevent heat loss.
• Installed softener plant to improve cooling water quality and efficient running of chilling plant, saving energy.
• Installed DM plant to improve boiler feed water quality and run efficiently, saving energy.
• Replaced condenser of Brine Plant 2 by higher capacity to run machine efficiently.
• Replaced steam trap by float type to control live steam wastage and improve steam savings.
• Replaced cooling tower blades by new designed FRP Pumps.
• Replaced old structured packing for distillation column with new one.
• Replaced mercury vapour lamps by LED Lamps.
• About 65% of waste water generated in plants is recovered, recycled and reused.

Social Achievements

• More than 60% of 715 employees have been working for more than 10 years.
• Invested in an inductive work environment, well-defined training programs, and detailed career progression plans.
• Distributed Mask, Sanitizer and food for poor during COVID-19 pandemic at Tarapaur, Maharashtra for around 1,200 person on daily basis.
• Donated isolation ward at Rajasthan during COVID-19 Pandemic.

Governance Achievements

• Well-diversified Board of Directors engaged in timely and transparent communication with stakeholders.
• Adopted a Whistle Blower Policy.
• Adopted a policy on Prevention, Prohibition and Redressal of Sexual Harassment for women at workplace.

Climate Goals & Targets

Environmental Challenges

• Slowdown in global and national economy.
• COVID-19 pandemic drastically changed business operations, disrupting supply chains and workforce participation.
• Disruptions in Supply Chain due to COVID-19.
• Delay in Approvals due to COVID-19.
• Slower traction for key products due to COVID-19.
• Reduced earnings due to COVID-19.
• Restricted and limited sea/cargo transport capacity impacting sales in semi-regulated markets.
• Increased cost of exports due to demand and supply mismatch.
• Limited supply of ancillary products due to restricted transport.
• Extended lockdown in key export countries resulting in limited MR visits to doctors and slower take-up of new products.
• Slower adoption of biosimilars due to lockdown.
• Delayed foreign inspections by USFDA resulting in a delay in pre-approval inspections and clearances.
• Weakness in emerging market currencies impacting earnings.
• Rising transportation cost impacting profitability.

Mitigation Strategies

• Proactive investment in research and development.
• Realigned processes, invested in cutting-edge equipment, recruited experienced professionals, and extensively trained employees to match international standards to achieve GMP approvals.
• Implemented work-from-home initiative to prevent employee exposure to coronavirus.
• Took steps to adapt to emerging changes and the new normal due to COVID-19.
• Implemented an integrated risk management strategy to review and assess significant risks regularly.
• Leveraged deep domain expertise and management insight to undertake proactive risk mitigating measures.
• Implemented a response mechanism to mitigate environmental, operational and business risks.
• Focused on operating performance from manufacturing to R&D to distribution.
• Enhanced offerings basket to stay ahead of competition.
• Developed unique capabilities to innovate on product offerings customized as per client’s needs.
• Utilized forward foreign exchange contracts to manage foreign currency risk.

Supply Chain Management

Supplier Audits: Periodic audits of vendors, especially those who supply key materials.

Responsible Procurement

• Standard operating procedures for approving vendors and evaluating supplier sustainability.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability
• Community Development
• Employee Well-being
• Environmental Conservation

Environmental Achievements

• 80% Energy cost saved compared to the previous year
• Implemented various energy conservation measures (low pressure steam turbine, solar panels, improved insulation, softener plant, DM plant, etc.)
• Solvent Recovery Plant recovers and reuses solvents
• 65% of wastewater recovered, recycled, and reused

Social Achievements

• Launched new APIs and FDFs to help fight COVID-19 (Favijaj, Ivejaj, Posajaj)
• CSR spending: ₹227.88 lakhs
• Initiatives on Prevention of Covid-19 in Communities
• Support towards education for backward class peoples
• Support towards Health

Governance Achievements

• Updated key employee policies to ensure they are consistent with BHL’s values and support its long-term sustainability
• Adopted a Whistle Blower Policy
• Adopted a Code of Conduct to regulate, monitor and report trading by designated persons

Climate Goals & Targets

Environmental Challenges

• Rising input costs (raw materials, labor)
• Increased competition
• Stricter foreign regulations
• Counterfeit products
• COVID-19 pandemic disruptions (supply chain, operations)

Mitigation Strategies

• Focus on operating performance (manufacturing, R&D, distribution)
• Expanding product offerings
• Foreign exchange rate exposures managed by utilizing forward foreign exchange contracts
• Investing in plant automation
• Business presence in more than 60 countries
• Strong internal control framework
• Risk management strategies

Supply Chain Management

Responsible Procurement

• Standard operating procedures for approving vendors and evaluating supplier sustainability

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Responsibility
• Social Impact
• Governance

Environmental Achievements

• Reduced carbon emissions through various initiatives (specific figures not provided)
• Reduced water consumption through initiatives like installing softener plants and reusing treated water (specific figures not provided)
• Improved energy efficiency through initiatives like installing solar panels and low-pressure steam turbines (specific figures not provided)

Social Achievements

• Successfully completed USFDA inspection of API facility with zero 483 observations
• Launched nine new molecules in Nutraceuticals, APIs, and Formulations segments
• Reduced dependency on China for raw materials by developing them in-house
• Secured a contract from the Indian government for opium processing, becoming the first private player to do so

Governance Achievements

• Implemented a comprehensive risk management framework
• Established a robust internal control mechanism
• Adopted a Whistle Blower Policy

Climate Goals & Targets

Environmental Challenges

• Tepid demand from the pharma sector
• Fluctuations in raw material prices
• Price rivalry and price war

Mitigation Strategies

• Realigned and reimagined business strategies
• Focused on technological upgradation, product innovation, and value addition
• Focused financial planning

Supply Chain Management

Supplier Audits: 100% of critical vendors assessed for environment, health & safety, labor rights, privacy, crisis & continuity

Responsible Procurement

• Sustainable sourcing procedures
• Stringent vendor approval standards
• Regular vendor evaluations

Climate-Related Risks & Opportunities