Climate Change Data

Environmental Metrics

ESG Focus Areas

• Healthcare
• Education
• Social Infrastructure
• Water & Sanitation
• Environment

Environmental Achievements

• Green Belt development at GIDC Panoli in 6600 sq mt of area with more than 2600 forest plants and garden development in 600 sq mt of area.
• 272 mt. plantation work around Ahmednagar plant location

Social Achievements

• Mobile Healthcare Units provided curative healthcare to more than four lakh people across 185 villages in seven states.
• Malaria Elimination Demonstration Project (MEDP) aimed to eliminate malaria from 1,233 villages of Mandla district.
• Supported relief and rehabilitation of victims of natural disasters like cyclone Gaja in Tamil Nadu and riverbank erosion in Assam.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Limited access to basic healthcare services in rural communities.
• High disease burden in rural areas.
• Lack of access to water and sanitation in rural areas.

Mitigation Strategies

• Mobile Healthcare Units (MHUs) providing primary healthcare and reproductive child health services.
• Malaria Elimination Demonstration Project (MEDP) for malaria elimination.
• Initiatives for creating infrastructure for augmenting rural water supply, access to potable water in rural schools, construction of individual toilets, and behavior change towards toilet usage.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• ACEF Asian Leadership Awards (Best Public Health Initiative)
• India’s Most Ethical Companies Award 2018
• Antodaya Award 2018 for Best CSR Practices

Environmental Metrics

ESG Focus Areas

• Corporate governance
• Innovation and technology
• Employee well-being
• Societal development
• Product stewardship
• Environmental management

Environmental Achievements

• ~38% of energy requirements were met through renewable sources
• ~86% of manufacturing facilities are Zero Liquid Discharge (ZLD)
• Reduced Scope 1 and Scope 2 emissions through energy efficiency and renewable energy

Social Achievements

• 955,000+ hours of training imparted to employees
• 2,000+ hours of human rights-focused training imparted
• Zero fatalities

Governance Achievements

• Two shareholder complaints resolved satisfactorily
• No complaints concerning the rights of indigenous people, child labor, forced labor, freedom of association, the right of collective bargaining and discrimination
• No significant instances of non-compliance with laws and regulations pertaining to social and economic areas

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic disruptions
• Climate change related risks (extreme weather events and water stress)
• Transitional risks related to decarbonization

Mitigation Strategies

• Developed a COVID-19 risk management plan and response teams
• Implemented measures to reduce GHG emissions
• Shifting to cleaner fuel options and investing in renewable energy
• Integrating TCFD recommendations into risk management approach by FY23

Supply Chain Management

Supplier Audits: Periodic audits conducted as per CQA policy for new vendors or changes in vendor location

Responsible Procurement

• Local sourcing; Empanelment and sourcing from multiple suppliers for critical items; Periodic scorecard review of vendor performance; Robust monitoring of contract performance and active compliance management; Strengthened presence of Strategic Procurement Committee (SPC)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water stress

Transition Risks

• Decarbonization

Opportunities

• Transition to a low-carbon economy

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN SDGs, National Voluntary Guidelines (NVG)

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015 (some sites)

Third-party Assurance: Det Norske Veritas (DNV)

UN Sustainable Development Goals

• Not disclosed

CSR vision aligned with UN SDGs; seven SDGs prioritized

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Mahatma Award for Social Good; Forbes World’s Best Employers; Nielsen BASES Top Breakthrough Innovation Winners India; BW Businessworld list of India’s Most Respected Companies; CII Best Innovation Practices in EHS award; Golden Peacock Award for CSR

Environmental Metrics

ESG Focus Areas

• Corporate governance
• Environment
• Innovation and technology
• Product stewardship
• Employee well-being
• Societal development

Environmental Achievements

• Increased share of renewable energy in operations from 22% to 31% over the last two years
• Reduced combined scope 1 and scope 2 emissions by about 6.3%
• Reduced water withdrawal intensity by 21%
• 18 manufacturing locations achieved Zero Liquid Discharge (ZLD) status

Social Achievements

• CSR spend of ₹457.92 Million, impacting 6.5 Million lives
• 846 hours of human rights-focused training provided to employees
• Average of 846 training hours per employee
• 4,500+ new hires, majority under 30 years old

Governance Achievements

• 100% of critical vendors reviewed every three years
• New policies rolled out: Board Diversity Policy, Global Tax Policy, Suppliers Code of Conduct, Human Rights Policy, and Business Responsibility & Sustainability Policy
• Lead Independent Director participates in every Board Committee

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Climate change impacts (extreme weather, water stress, regulatory changes, market shifts)
• Talent management (acquisition, retention, development)
• Emerging risks (geo-political, etc.)

Mitigation Strategies

• Robust inventory management system
• Local manufacturing capacity
• Disaster recovery testing
• Alternative sourcing strategies
• Strengthened IT security system
• Cyber security and data breach training
• GHG reduction initiatives
• Water reduction initiatives
• 4R principle (reduce, reuse, recycle, recharge)
• Talent development programs
• Succession planning
• Robust EHS management system
• Comprehensive corrective action plans
• Human Rights Policy implementation
• ESG external expert assessments
• Business continuity plan

Supply Chain Management

Supplier Audits: 100% of critical vendors every three years

Responsible Procurement

• Supplier Code of Conduct
• CQA audits including ESG parameters

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water stress

Transition Risks

• Policy and legal risks
• Market risks

Opportunities

• Renewable energy adoption
• Energy efficiency improvements

Reporting Standards

Frameworks Used: GRI Standards: Core Option, UN SDGs, National Guidelines on Responsible Business Conduct (NGRBC)

Certifications: ISO 14001:2015 (21 sites), ISO 45001:2018 (18 sites), ISO 9001:2015 (multiple sites)

Third-party Assurance: Det Norske Veritas (DNV)

UN Sustainable Development Goals

• Goal 3 (Good Health and Well-being)
• Goal 4 (Quality Education)
• Goal 6 (Clean Water and Sanitation)
• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

CSR initiatives aligned with UN SDGs

Awards & Recognition

• Mother Teresa Emblem
• Dun & Bradstreet India Corporate Award 2021
• Golden Peacock Award for Energy Efficiency 2021
• National Awards for Manufacturing (Extensive Digitalisation in Quality Management)
• HR Excellence Awards 2021 (Silver Award for Excellence in Workplace Culture)
• Indo-American Corporate Excellence Awards 2021 (Best Innovative Company)
• Indian Pharma Award 2021 (Excellence in R&D and Pharmaceutical Brand Management)
• CSR Times Award–2021
• ACEF Asian Leaders Award (CSR)

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Workforce Resilience and Well-being
• Enhancing Social Value
• Corporate Governance

Environmental Achievements

• 21% Reduction in absolute and 38% reduction in specific intensity for water consumption compared to baseline year 2020
• 32% Energy sourced from renewable sources
• 7% Reduction in absolute and 27% reduction in specific intensity for Scope 1 and Scope 2 emissions compared to baseline year 2020

Social Achievements

• Great Place To Work® Certified
• ₹852.32 Mn CSR spend
• 1 Mn Lives touched in India through CSR initiatives

Governance Achievements

• 67% of Board members specialising in pharmaceutical industry experience
• 56% Independent Board Directors
• 96% Average Board meeting attendance

Climate Goals & Targets

Environmental Challenges

• Climate Change
• Supply chain disruptions
• Water scarcity
• Waste management
• Cybersecurity threats
• Data breaches
• Product quality and safety
• Human capital development
• Product access and affordability
• Intellectual property protection
• Price, cost and margin pressures
• Business interruption/operational inefficiencies
• Ethical clinical trials and animal testing
• Occupational health and safety

Mitigation Strategies

• Target to reduce 35% of GHG emissions (covering Scope 1 and Scope 2) by 2030 compared to the baseline year of 2020
• De-risking the supply chain by evaluating alternate suppliers
• Supplier Code of Conduct
• Robust EHS management system
• Multiple initiatives to attract and retain talent
• Developing and commercialising complex generics and specialty products
• Investing in clean energy and energy-efficient projects
• Implementing energy efficiency initiatives
• Robust pharmacovigilance processes
• Investing in technological interventions and employee capacity-building
• Strengthening the product portfolio
• Implementing robust quality control and safety measures
• Three-month planning exercises to ensure the availability of critical raw materials
• Establishing a dedicated team to manage field inputs and execute necessary actions
• Assessing the feasibility of developing alternative vendors/sites for products

Supply Chain Management

Supplier Audits: 100% coverage of all critical suppliers through Critical Quality Attributes (CQA) audits within a three-year cycle

Responsible Procurement

• Supplier Code of Conduct
• ESG parameters incorporated in CQA audit checklist

Climate-Related Risks & Opportunities

Physical Risks

• Extreme temperature
• Droughts
• Flooding
• Thunderstorms
• Precipitation
• Wildfires
• Wind velocity

Transition Risks

• Regulatory changes
• Market shifts
• Carbon tax
• Increased cost of essentials

Opportunities

• Development of energy-efficient products and processes
• Renewable energy adoption

Reporting Standards

Frameworks Used: GRI Standards 2021, UNGC principles, UN SDGs, TCFD, NGRBC

Certifications: ISO 14001:2015 (19 sites), ISO 45001:2018 (17 sites), ISO 9001:2015 (multiple sites), ISO 50001:2018 (multiple sites)

Third-party Assurance: DNV Business Assurance India Private Limited

UN Sustainable Development Goals

• Goal 7
• Goal 13
• Goal 5
• Goal 6
• Goal 8

Initiatives contributing to these goals are detailed throughout the report.

Sustainable Products & Innovation

• Environment-friendly multi-layered cold storage packaging

Awards & Recognition

• Great Place To Work®
• India's Best Workplaces for Millennials 2023
• India's Best Employers Among Nation-Builders 2023
• India's Top Workplaces in Pharma, Healthcare & Biotech Industry
• Golden Peacock Award for Energy Efficiency 2022
• Society of Energy Engineers and Managers (SEEM) - Gold Award 2022
• International Research Institute for Manufacturing's (IRIM) - 'India Green Manufacturing Challenge 2023' - Gold Medal
• International Research Institute for Manufacturing's (IRIM) 'National Award for Manufacturing Competitiveness (NAMC) 2022-23' - Gold Medal

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Management
• Waste Management
• Workforce Diversity and Retention
• Corporate Social Responsibility
• Corporate Governance
• Human Rights
• Product Quality and Safety
• Supply Chain Sustainability

Environmental Achievements

• Reduced combined Scope 1 and Scope 2 carbon emissions by 21.85% over four years (compared to 2020 baseline)
• Renewable energy accounts for 45.23% of overall energy mix
• Reduced water consumption by 31.17% compared to the 2020 baseline
• Co-processed 28.34% of hazardous waste in FY2023-24

Social Achievements

• Implemented various initiatives to attract and retain a highly diverse and skilled workforce
• Implemented best-in-class safety practices aligned with EHS policy
• CSR initiatives positively impacting underprivileged communities in healthcare, education, water & sanitation, rural development, and environmental conservation

Governance Achievements

• Established various committees focusing on different aspects of responsible business practices
• Implemented a secure grievance redressal and global whistleblower mechanism
• Member of the United Nations Global Compact (UNGC), supporting its 10 principles

Climate Goals & Targets

Environmental Challenges

• Climate change related physical and transition risks
• Product quality and safety concerns
• Cybersecurity and data privacy risks
• Supply chain disruptions
• Maintaining high standards of corporate governance and business ethics
• Ensuring access to and affordability of medicines
• Occupational health and safety
• Ethical clinical trials and animal testing

Mitigation Strategies

• Initiated physical and transition climate risk assessment for all locations and biodiversity risk assessment for five manufacturing locations
• Set targets to address Scope 1 and Scope 2 emissions, water consumption, and co-processing of hazardous waste
• Investing in renewable energy and energy-saving initiatives
• Implementing robust quality control and pharmacovigilance systems
• Regular vulnerability assessments and cybersecurity training
• Assessing alternative sourcing strategies for raw materials
• Implementing robust EHS management system and safety training programs
• Complying with all relevant regulatory requirements governing clinical trials and animal testing

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• ESG parameters in vendor audits
• Encouraging local sourcing

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR Core – Framework for assurance and ESG disclosures for value chain as per SEBI Circular, BRSR reporting guidelines (Annexure II) as per SEBI Circular, Greenhouse Gas Protocol

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, ISO 9001:2015

Third-party Assurance: DNV Business Assurance India Private Limited