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:1,74,538 + 137,345 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:1,74,538 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 disposed of through co-processing
- Implemented Zero Liquid Discharge (ZLD) mechanism at 15 of 17 manufacturing plants in India
Social Achievements
- 18.95% of women employees in offices
- Various CSR initiatives in healthcare, education, rural infrastructure development, and environment conservation
Governance Achievements
- ESG Steering Committee 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 critical suppliers to be compliant with sustainable procurement policy by 2030
- 20% of women employees in offices by 2030
Environmental Challenges
- Increasing demand for products leading to increased emissions
- Water scarcity
- Waste disposal
- Human rights risks in the value chain
- Data privacy and security risks
Mitigation Strategies
- Procurement of renewable energy, shifting to cleaner fuels, energy efficiency initiatives
- ZLD mechanism, water recycling plants, water efficiency measures, rainwater harvesting
- Waste segregation and disposal through approved vendors
- Sustainable procurement policy, supplier assessments
- Human rights policy, grievance redressal mechanism, due diligence
Supply Chain Management
Responsible Procurement
- Sustainable Procurement Policy
- Supplier Code of Conduct (SCOC)
Climate-Related Risks & Opportunities
Opportunities
- Renewable energy procurement, energy efficiency initiatives