Alkem Laboratories has released its Sustainability Report for the financial year 2024-2025, highlighting its commitment to environmental stewardship, social responsibility, and ethical governance. The report details the company’s initiatives in areas such as renewable energy adoption, waste reduction, community engagement, and employee welfare. It also outlines future targets for reducing emissions and achieving water neutrality, demonstrating Alkem’s focus on creating long-term sustainable value for its stakeholders.
Sustainability Highlights for FY 2024-2025
Alkem Laboratories’ Sustainability Report for the financial year 2024-2025 showcases its progress and commitment to sustainable practices. Here are some of the key highlights:
- Environmental Responsibility:
- Sourced 21% of total energy from renewables.
- Reduced energy consumption by 5.73% per tonne of product.
- Decreased waste generation intensity by 18% per tonne of product.
- Achieved a 19% reduction in water consumption per tonne of product.
- Reduced Scope 1 and Scope 2 emissions by 15% per tonne of product.
- Social Responsibility:
- Total permanent employees and workers: 18,785.
- Women in permanent workforce: 2.69%.
- EHSS training man-hours: 30,783.
- Spent INR 359.1 million on CSR projects, benefitting 8,72,377 individuals.
- Governance:
- Zero instances of data breach.
- Independent directors: 50% of the board.
- Women representation on the board: 23%.
- New suppliers screened on ESG criteria: 100%.
Strategic Focus and Future Initiatives
The company is committed to building a more sustainable future through several key initiatives:
- Advancing its decarbonization roadmap.
- Expanding renewable energy integration.
- Deepening water and waste management initiatives.
- Strengthening social inclusion across its value chain.
- Leveraging technology and innovation to accelerate its transformation.
Commitment to Transparency and Ethical Conduct
Alkem emphasizes transparency, ethical governance, and accountability in its operations. The report reflects the company’s dedication to creating enduring value for stakeholders and contributing to a balanced and harmonious coexistence of healthcare and nature.
Source: BSE