Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency and Accountability
• Product Safety and Sustainability
• Employee Well-being
• Stakeholder Engagement
• Human Rights
• Environmental Protection
• Public Policy Engagement
• Inclusive Growth
• Customer Engagement

Environmental Achievements

• Undertook initiatives and energy-efficient measures at its office premises such as use of LED lights.
• Production processes aim at highest resource efficiency in converting as much raw materials as possible into products and thus minimizing waste volumes.
• Planning to install rooftop solar panels to power its factories.

Social Achievements

• Spent ₹13.32 million on CSR activities, including donation of KN-95 masks for COVID-19 relief.
• 90% of permanent employees received safety & skill up-gradation training.
• No complaints relating to child labor, forced labor, involuntary labor, or sexual harassment.

Governance Achievements

• Implemented an Anti-Corruption Policy and an Ethics Policy.
• Established a Whistle Blower Policy.
• Responded to 488 investor/shareholder complaints related to IPO queries.

Climate Goals & Targets

Environmental Challenges

• Currently in the process of creating a definition of disadvantaged, vulnerable & marginalized stakeholders.
• No formal study has been undertaken to ascertain the percentage of inputs sourced sustainably.

Mitigation Strategies

• Company is adapting strategies to address global environmental issues like climate change.
• Company is working on identifying and assessing potential environmental risks and devising mitigation measures.

Supply Chain Management

Responsible Procurement

• Company considers aspects of safety and environment in addition to commercial considerations while selecting its suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental & Economical Responsibilities of Business

Certifications: ISO 13485:2016, ISO 9001:2015

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Use of medical grade plastic
• Design products to withstand critical use
• No hazardous materials consumed
• No litigations faced for pollution or degradation of environment over the past five years
• No impact of climate change

Social Achievements

• Multi-pronged approach towards employee development
• Free vaccination drive for our employees and their families to protect them from Covid-19 pandemic
• Systematic plan to promote diversity and inclusion
• A part of our CSR activities has been directed towards Tata Cancer hospital and narayana hrudayalaya
• Initiatives to build digital skills, bolstering online safety, and promoting diversity and inclusion in the realm of connectivity

Governance Achievements

• 50% Independent Directors on the Board
• 66.67% Non-Executive Directors on the Board
• 94.44% Board Attendance
• 94% Committee Attendance
• 55.5% Independent Directors in Board Committees Composition
• Clean room conditions to eliminate all chances of contamination
• productivity optimization with use of high automation

Climate Goals & Targets

Environmental Challenges

• Industry slowdown due to post-pandemic effects
• Subdued demand in both export and domestic market
• Decline in demand for Covid-related products

Mitigation Strategies

• Investing in automation technologies
• Gradually increasing manufacturing capacity
• Branding and promotional initiatives
• Expanding product line to include cell culture & robot-handled consumables
• Strong relationships with alternative suppliers
• Annual price increases to account for inflation

Supply Chain Management

Responsible Procurement

• Sourcing from suppliers compliant with ESG standards

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Governance

Environmental Achievements

• Absence of Any Litigations Faced for Pollution or Degradation of the Environment over the Past Five Years
• Absence of Impact of Climate Change
• Use of packing material made from recycling of waste papers
• Use of Medical-Grade Plastic Design Products to Withstand Critical Use
• Avoid Consumption of Hazardous Materials

Social Achievements

• Certified Great Place to Work
• Women's Day Celebration
• Festive Celebrations
• National Safety Week Celebration
• Best Employee (Workmen) Award Ceremony for Workers
• Diwali Celebrations with the Kids at the TATA Cancer Hospital
• Health Initiatives

Governance Achievements

• Implementation of clean room conditions to eradicate all possibilities of contamination
• Optimization of productivity through the integration of high-automation technologies
• Composition of a well-balanced Board with an optimal mix of Executive and Non-Executive Directors
• Demonstration of a clean track record in timely liability payments to various stakeholders
• Updation of regular review and policies to adapt to changes in the regulatory environment and industry best practices
• Establishment of a whistle-blower policy to encourage transparency and accountability within the organization

Climate Goals & Targets

Environmental Challenges

• Competition Risk
• Operational Risk
• Industry Risk
• Suppliers Risk
• Liquidity Risk
• Forex Risk

Mitigation Strategies

• Prioritized product quality and product distinctiveness
• Allocated resources towards tailored marketing and branding initiatives
• Thorough manufacturing process to produce top-tier finished products
• Procuring raw materials from esteemed international suppliers
• Proficient workforce and a committed quality assurance and control department
• Integration of automation within the production cycle
• Monitors developments across various geographical regions
• Maintains robust relationships with alternative suppliers
• Annual price increases to offset inflationary impacts
• Prioritizes meeting liquidity obligations
• Robust cash accruals and an A+ credit rating from CARE
• Strong banking relationships
• Natural hedge as it exports products while importing raw materials

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Procuring materials from local vendors whenever feasible

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015, ISO 13485:2016

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Great Place to Work