Climate Change Data

Ipca Laboratories Limited

Climate Impact & Sustainability Data (2022, 2023-04 to 2024-03)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Climate Goals & Targets

Supply Chain Management

Responsible Procurement
  • Using raw materials with a favorable environmental footprint
  • Use of energy-efficient vehicles and EVs
  • Bulk procurement and supply

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, MSCI

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:312,883 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:174,538 tCO2e/year
Scope 2 Emissions:137,345 tCO2e/year
Water Consumption:11,07,387 m3/year
Waste Generated:42,888 tons/year

ESG Focus Areas

  • Energy and Emissions
  • Water Management
  • Waste Management
  • Sustainable Supply Chain
  • Community Engagement
  • Diversity, Equity and Inclusion
  • Product quality and safety
  • Human Rights
  • Human Resource Development
  • Research and Development
  • Business Conduct and Ethics
  • Risk Management
  • Data Privacy and Digitization

Environmental Achievements

  • 3.16% reduction in Scope 1 and 2 emission intensity per rupee of turnover
  • 10.62% of hazardous waste has been disposed of through co-processing
  • Implemented Zero Liquid Discharge (ZLD) mechanism at 15 of our 17 manufacturing plants in India
  • Installation of water recycling plants and using recycled water for utilities and gardening purpose

Social Achievements

  • Various training and development workshops were conducted to improve the competency level of employees
  • various CSR initiatives in the field of healthcare, education, rural infrastructure development, environment conservation among others

Governance Achievements

  • The ESG Steering Committee is responsible for decision-making on sustainability-related issues

Climate Goals & Targets

Medium-term Goals:
  • 20% reduction in carbon emissions by 2030 (scope 1 & 2)
  • 35% of hazardous waste to be disposed through co-processing by 2030
  • 100 % of our critical suppliers to be compliant with our sustainable procurement policy by 2030
  • 20% of women employees in our offices by 2030

Environmental Challenges

  • Increasing demand for products will lead to the need for increased manufacturing capacity and a subsequent increase in emissions
  • Water being a scarce resource on the planet and essential component of all processes, poses a risk to the future operations
  • The waste generated from our facilities has to be disposed in the most appropriate manner
  • Violation of any form of human rights can lead to reputation damage and/or financial repercussions
  • Any transgression of the organization’s ethical standards may result in the loss of goodwill of the business and may have financial and legal repercussions
  • As a part of the pharmaceutical industry, it is mandatory that data with respect to drugs and drugs products as well as customers remains confidential
Mitigation Strategies
  • Procurement of renewable energy and implementation of energy efficiency initiative
  • Implemented Zero Liquid Discharge (ZLD) and water recycling plants
  • The waste generated from our facilities is segregated and disposed through pollution control board approved vendors
  • Integrating a strong governance structure for the highest standards of human rights
  • Mechanisms for rigorous monitoring and compliance are put in place
  • We have a dedicated IT team to assess security risks

Supply Chain Management

Responsible Procurement
  • Sustainable procurement policy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 9001, ISO 45001, ISO 14001, OHSAS 18001