Climate Change Data

Environmental Metrics

ESG Focus Areas

• Community Development
• Research and Development
• Employee Well-being
• Environmental Sustainability

Environmental Achievements

• Undertook various green initiatives including energy saving and water conservation.

Social Achievements

• Wockhardt Foundation touched over 89 million lives in FY 2021-22 through various programs.
• Launched various career programs for employees ('Emerge', 'Surge', 'Upsurge').
• Adjudged as recipient of prestigious Maharashtra State Best Employer Brand Awards 2021.

Governance Achievements

• Complied with all applicable Secretarial Standards issued by the Institute of Company Secretaries of India.
• Established a Vigil Mechanism for directors and employees.
• No fraud reported by the Auditors under Section 143(12) of the Companies Act, 2013.

Climate Goals & Targets

Environmental Challenges

• Global pandemic impacted clinical trials and business operations.
• Supply chain disruptions.
• Regulatory risks on overseas operations.
• Pricing pressures in India.
• Antimicrobial resistance.
• Evolving cGMP regulations.

Mitigation Strategies

• Implemented work from home (WFH) model.
• Strengthened current processes and controls.
• Cost containment measures.
• New partnerships in international geographies.
• Focus on R&D in complex generics, biotechnology, and NCEs.
• Automation, technology upgrades, and best practices at manufacturing facilities.
• Working with external consultants for regulatory compliance.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: B S R & Co. LLP

Awards & Recognition

• Maharashtra State Best Employer Brand Awards 2021

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Regularly undertakes green initiatives to preserve the environment, which includes energy saving, water conservation and usage of electronic mode in internal processes & control, statutory and other requirements.

Social Achievements

• Wockhardt Foundation’s flagship healthcare programme, Mobile 1000, reached out to over 26 lakh patients across rural India with free check-ups and medicines.
• Wockhardt Foundation received the prestigious Asia Healthcare Excellence Award for the ‘Best CSR Practice in Healthcare’.

Governance Achievements

• Appointed Ms. Amelia Fernandes as an Additional Director and Independent Director.
• Re-appointed Dr. Huzaifa Khorakiwala and Dr. Murtaza Khorakiwala as Executive Director and Managing Director respectively.
• Implemented a Vigil Mechanism for Directors and Employees.

Climate Goals & Targets

Environmental Challenges

• Challenging market dynamics with tightening monetary conditions and soaring inflation.
• Regulatory risk on overseas operations and business.
• Pricing pressures in India impacting earnings.
• Global crisis of antibiotics availability.
• Supply chain disruptions.
• Evolving cGMP regulations.

Mitigation Strategies

• Effective management of liquidity position.
• Cost containment measures.
• Identifying new revenue streams.
• New partnerships in international geographies.
• Strengthening Quality Systems by emphasizing data integrity, adopting automation, enhancing quality risk management, harmonizing procedures across sites, and maintaining transparent communications with regulatory authorities.
• Focus on New Drug Discovery Program.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Awards & Recognition

• Asia Healthcare Excellence Award for the ‘Best CSR Practice in Healthcare’
• 'Digitally Visible Company of the Year' at the 7th Edition of DIGIPHARMAX Awards, 2024