Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Accountability
• Corporate Governance

Environmental Achievements

• Reduced GHGs by using renewable fuels
• Earned Carbon Credits from UNFCC from its Biomass fuel based Steam generation project
• Energy costs reduction by energy conservation measures
• Resource usage reduction, water recycling
• Waste Treatment with Zero Discharge Facility
• The Treated water from the ZLD is Recycled

Social Achievements

• Implemented “Occupational Health & Safety Management System” and “Process Safety Management System”
• Implemented “Social Accountability Management System”
• Implemented “Social Accountability Management System”

Governance Achievements

• ISO 14001:2015, ISO 45001:2018, ISO 50001:2018 and SA 8000:2014 Certifications

Climate Goals & Targets

Environmental Challenges

• Availability of APIs and Affordability of Medicines
• Sustainable Supply Chain
• Energy & GHG Sustainability
• Health & Safety of employees, visitors, and neighbouring communities
• Promotion Diversity
• Sustainable EHS work practices
• Ensuring No Discrimination and No Harassment
• Corporate Governance

Mitigation Strategies

• Implemented a process titled “Environmental & Social Assessments” of Suppliers
• Implemented “Occupational Health & Safety Management System” and “Process Safety Management System”
• Implemented “Social Accountability Management System”
• Backward integration of the intermediates
• Sourcing of Materials & services by sustainable practices
• All personnel participate in the sustainable practices with focus on energy conservation, emission control, waste minimisation, resource reduction, preventive maintenance, hazard identification & risk assessment activity based, safe operating procedures, hazard & operability studies.
• 24 Hrs monitoring by the Safety Co-ordinators, GMP Coordinators, Night Shift Officers and Duty Managers for each production block.
• Periodic risk assessments, internal audits and management reviews are conducted to ensure effective implementation of management systems as part of corporate governance

Supply Chain Management

Supplier Audits: 50%

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Opportunities

• Reduction of GHG emissions

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 45001:2018, ISO 14001:2015, SA 8000:2014

Third-party Assurance: AQC Middle east LLC

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced GHG emissions by approximately 10000 tons year on year by using renewable fuel Biomass in place of fossil fuel for thermal energy requirements.
• 88.3% of total energy needs are sourced from renewable origin.
• Overall Raw water consumption is reduced by about 9.0% compared to 22-23
• 42148 KL of treated water is Recycled

Social Achievements

• Donation of desks to 5 government schools, benefitting 385 students.
• Development and donation of a children’s playing garden to school students.
• Construction and donation of a toilet room at GLPS Chika Wadlor School.
• Donation of cots, beds, pillows, a solar water heater, and an inverter to Shri Manik Prabhu Academy for the Blind School.
• Support through NGOs in Raichur district for tree plantation, maintenance, and monitoring (59,079 saplings over 7 years).
• Supporting sports by encouraging and promoting sports-related events in the district.
• Supporting the Govt. TB cells by providing vitamin supplements to patients suffering from TB.

Governance Achievements

• Adherence to the highest standards of corporate governance.
• Board of Directors comprising experienced and independent members.
• Continuous review of governance practices to adapt to the evolving business landscape.

Climate Goals & Targets

Environmental Challenges

• Regulatory requirement alterations can lead to compliance challenges, affecting product approvals.
• Pricing and market share may feel pressured due to competitive scenario.
• Challenges related to patent litigation or IP rights, can lead to significant legal costs and market exclusivity loss.
• Supply Chain disruptions for raw materials can lead to production delays and increased costs.
• Potential health risks posed by products can lead to liability claims and reputational damage.
• Operations can be disrupted and profitability can be hampered due to instability in key markets.
• Obsoletion of existing products or packages may be caused by rapid technological changes.

Mitigation Strategies

• Shilpa Medicare monitors global regulatory changes and engages with regulatory bodies to ensure ongoing compliance.
• The Company prioritises innovation, quality focus and niche market expansion along with utilising strong R&D capabilities.
• Rigorous IP management strategies are implemented, including thorough patent analysis and active defence/ challenge of IP rights.
• Supplier diversification, strategic inventory management and development of alternative sources enhances supply chain resilience of the Company.
• Strict quality control measures are in place and comprehensive clinical trials are conducted. and Pharmacovigilance systems are robustly implemented as well.
• Continuous monitoring of Geopolitical situations is conducted and market presence is diversified to minimise regional dependencies.
• The Company also maintains strong focus on investments in technology and continuous innovation through a strong R&D team.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UNGC, SBTi

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, SA 8000:2014