Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Sustainable Product Lifecycle
• Employee Wellbeing
• Stakeholder Engagement
• Human Rights
• Environmental Protection
• Inclusive Growth
• Customer Engagement

Environmental Achievements

• Reduced overall fresh solvent consumption in API unit by effective recovery of solvents.
• Treated wastewater used for maintaining green belt across the site.
• Recycling of used plastics, HDPE drums, shippers etc.
• Partially solid organic waste sent to cement industries for co-incineration.
• Installed solar plants in most plants, resulting in 32 Lac kwh solar energy consumption and reduced carbon emission.
• Installed ground mounted solar power plant at Pithampur facility, saving 50% energy charges and reducing carbon footprint.

Social Achievements

• CSR spending of ₹12.78 cr (1.89% of profit after tax) on healthcare, education, community welfare, and COVID-19 assistance.
• 90% of procurements sourced from domestic producers, with preference to local & MSME vendors.
• Training programs and workshops for local and small producers.
• Various CSR initiatives for the underprivileged sections of society and sports promotion.

Governance Achievements

• Code of Conduct for Directors and Senior Management, extending to the group including all its employees, Directors & subsidiaries.
• Whistleblower Policy in place.
• Annual BR performance assessment by internal audit team.

Climate Goals & Targets

Environmental Challenges

• No specific challenges explicitly mentioned in the report.

Mitigation Strategies

• Developing alternate reliable vendors to ensure business continuity.
• Implementing energy conservation projects across business units.
• Addressing potential environmental risks through Management System approach.

Supply Chain Management

Responsible Procurement

• Sourcing from approved vendors audited by quality assurance team.
• Developing alternate reliable vendors.
• Building capacity and sharing best practices amongst business partners.
• Preference given to local & MSME vendors.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on social, environmental and economical responsibilities of business

Sustainable Products & Innovation

• Peroduo (anti-acne)
• Lidocam CT – Sugar free (Opioid & NSAID)
• Duranzo (Pain Management local anesthetic)
• Azusa T 8/40 (Antihypertensive)
• Cardiosel OD (Antihypertensive)

Environmental Metrics

ESG Focus Areas

• Product Quality and Safety
• Occupational Health and Safety
• Regulatory Compliance
• Product Innovation
• Sustainable Supply Chain Management
• Human Rights
• Risk Management
• Renewable Energy
• Plastic Waste Management
• Community Upliftment

Environmental Achievements

• Recycling of 100% recyclable plastic waste.
• Reduced 40399 Tonnes of CO2 emissions through solar plants.
• Achieved Zero Liquid Discharge at all manufacturing plants (partially implemented).

Social Achievements

• Conducted vaccination camps for employees and in rural areas.
• Provided access to mental health therapists for employees.
• Conducted hobby development sessions for employees.
• CSR initiatives benefiting 200,000+ people in health, education, and other areas.

Governance Achievements

• Established stringent quality control and quality assurance processes.
• Implemented a robust grievance redressal mechanism.
• Established Internal Complaints Committee (ICC) and Business Integrity Committee to address complaints.

Climate Goals & Targets

Environmental Challenges

• Maintaining product quality and safety.
• Ensuring occupational health and safety.
• Meeting regulatory compliance requirements.
• Sustainable supply chain management.
• Managing risks associated with the pharmaceutical business (regulatory, competition, supply chain, cyber security, etc.).

Mitigation Strategies

• Stringent quality control and quality assurance processes.
• Effective health and safety management system.
• Tracking and managing regulatory compliances.
• Abiding by UN Charter, Universal Declaration of Human Rights, and ILO conventions.
• Well-established risk management system including risk identification, analysis, mitigation strategies, and implementation.

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement

• Data collection on supplier certifications, SOPs, sanitation, etc. before onboarding.
• 90% local sourcing.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced coal usage by 2,493 tonnes
• Saved 238,553 trees from cutting
• Reduced CO2 emission by 3,364 tonnes
• Reduced water consumption by 12,315 kl
• Increased renewable energy share to 11% (short-term goal of 32% in next six months, 50% in two years)

Social Achievements

• Received "Best Managed Companies for 2022" award from Deloitte
• Received "Great Place to Work" recognition
• Conducted largest CPR training campaign (Asia Book of Records)

Governance Achievements

• Well-defined ESG policies implemented
• Robust Enterprise Risk Management (ERM) framework in place
• Robust system of internal controls

Climate Goals & Targets

Environmental Challenges

• High raw material and freight costs
• Price erosion in the US Generics business
• Lower demand from sponsors in the Africa Institutional business
• Logistics challenges in Africa
• Indian Rupee's appreciation against the Euro

Mitigation Strategies

• Increased capital allocation to Branded Generics business
• Accelerated product filing and enhanced ground presence
• Focus on select high-growth potential countries
• Enhancing field team productivity with digital tools
• Expecting normalization of freight costs

Supply Chain Management

Responsible Procurement

• ESG parameter-based supplier screening
• Sourcing >90% requirements from local communities

Climate-Related Risks & Opportunities

Awards & Recognition

• Best Managed Companies for 2022 (Deloitte)
• Great Place to Work

Environmental Metrics

ESG Focus Areas

• Clean & Green Energy Utilisation
• Sustainability
• Water Neutrality
• Employee Well-being
• Human Rights
• Responsible Sourcing
• Ethical Business Conduct
• Community Welfare

Environmental Achievements

• Commissioned a new 6.4 MW solar power plant, increasing renewable energy portfolio to 30%+ of total energy consumption. Reduced CO2 emissions by 4,200 tonnes annually.
• Maintaining water neutrality and following a zero-discharge policy at facilities.
• Reduced wastewater generation by 30% at Dahej plant.
• Recycled around 40 KLD of condensate, reducing boiler fuel consumption and CO2 emission.
• Implemented solvent waste recycling initiative.

Social Achievements

• Launched 42 new products.
• Added 300+ employees.
• Enhanced promotional efforts.
• Recognized as a 'Great Place to Work' for the second consecutive year.
• CSR initiatives in healthcare, education, rural development, and community welfare.

Governance Achievements

• Established robust Enterprise Risk Management (ERM) framework.
• Implemented a comprehensive Code of Conduct for Directors and Senior Management.
• Implemented a robust system of internal controls.
• Complied with all applicable Secretarial Standards.

Climate Goals & Targets

Environmental Challenges

• Volatility in API prices and international logistics costs.
• Tepid growth in the African market due to distributor inventory rationalisation.
• Uncertainty in the African Institutional business due to reliance on procurement agencies' funding.

Mitigation Strategies

• Partnered with vendors and industry experts to mitigate API price and logistics cost volatility, resulting in savings of ~₹100+ crore.
• Improved efficiencies across functions.
• Focused execution of strategies to grow Branded Generics business beyond normal industry growth.

Supply Chain Management

Supplier Audits: 10% upstream and 11% downstream partners (by value of business) assessed for ESG factors.

Responsible Procurement

• Third-Party Code of Conduct covering human rights, fair employment practices, environmental sustainability, and ethical business practices.
• Preferential procurement policy for MSMEs.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and processes; investment in renewable energy.

Reporting Standards

Frameworks Used: GRI, BRSR

Certifications: ISO 14001, ISO 45001

Sustainable Products & Innovation

• Non-comedogenic dermatological formulations
• Preservative-free ophthalmic products

Awards & Recognition

• Apex India Safe Workplace Gold Award 2023
• Apex India Green Leaf Platinum Award for Sustainability 2023
• SKOCH ESG Award 2024 for Clean & Green Energy Utilisation
• Great Place To Work® Certification