Sun Pharmaceutical Industries Limited has released its ESG overview for the financial year 2024-25. The report highlights the company’s performance across environmental, social, and governance aspects. Key achievements include sourcing 41% of energy from renewable sources, diverting 37% of hazardous waste from disposal, and achieving 96% diversion for non-hazardous waste. The company also reports on workforce diversity, community initiatives, and governance practices.
Environmental Highlights
Sun Pharma reports significant progress in environmental sustainability for FY 2024-25:
- Renewable Energy: 41% of energy was sourced from renewable sources.
- Hazardous Waste Diversion: 37% of hazardous waste was diverted from disposal through recycling and other recovery methods.
- Non-Hazardous Waste Diversion: 96% of non-hazardous waste was diverted from disposal.
- Water Consumption: A 25% reduction in absolute water consumption compared to the baseline year 2020.
- Carbon Emissions: An approximate 21% reduction in absolute carbon emissions compared to the baseline year 2020.
- Emissions Intensity: A 43% decrease in specific intensity for Scope 1 and 2 carbon emissions compared to baseline year 2020.
Social Initiatives
The company also reports on its social initiatives:
- New Hires: 6,978 new hires.
- Gender Diversity: 18.6% gender diversity in total workforce.
- CSR Spend: INR 1,424 million spent on CSR activities.
- Community Reach: Over 1 million lives touched in India through CSR initiatives.
- Fatalities: Zero fatalities.
Governance Overview
Sun Pharma highlights its governance structure:
- Board Attendance: 92.9% average Board meeting attendance.
- Independent Directors: 62.5% independent Board Directors in the reporting year.
Additional Information
The ESG overview notes that this information is released in advance of a more detailed submission to be released at a later date. It also specifies the reporting boundary, stating the Overview details the ESG performance across 38 key locations, accounting for 79% of its operations and 98% of its revenues. A separate Business Responsibility and Sustainability Report (BRSR) is also being released, but the two reports are not directly comparable due to differing reporting boundaries.
Source: BSE
