Lupin Q1 FY24 Growth Metrics and ESG Goals
ESG: Progress against goals in FY22
For our other material topics where we had taken targets in FY22
Supply Chain
Environmental
Performance
Targets
Undertaking detailed
ESG audits of 100% of
only raw material and
packaging materials Tier
11 suppliers by 2025.
Incorporation of ESG
aspects in the evaluation
criteria for onboarding all
new vendors by 2025.
Reduce our Scope 1 and
Scope 2 GHG emissions by
15% from 2019-20 levels,
by 2030.
Recycling 50% of our
total water withdrawal in
our Indian operations by
2025.
60% of the hazardous
waste generated in its
Indian operations will be
sent to cement plants for
co-processing by 2025.
Progress in FY23
Kick-started Supplier
Assessment. We assessed
~50% of Tier-1 Direct
Material Suppliers for ESG
Risks (basis third party
secondary research).
Finalized Sustainable
Procurement Strategy. We
are also developing a
Sustainable Procurement
Policy to supplement our
strategy.
We have added to our
renewable energy
capacity, thus resulting in
an 8% reduction in Scope 1
and 2 emissions.
Recycled 42% water
withdrawal in our
operations.
61% of hazardous waste has
been sent to cement plants
for co-processing.
Social Value
Creation and
Preservation
Biodiversity
Targets
15% women employees
across all business units
by 2027.
10% year-on-year reduction
in the Lost Time Injury
Frequency Rate (LTIFR),
Severity Rate, Accident
Frequency Rate, and
Incident Frequency Rate,
taking FY19 as the base
year.
Plant 1,600,000 trees by
2025.
LUPIN
Progress in FY23
8.79% of permanent
employees are women.
66% reduction in reduction
in LITFR as compared to
previous year for
employees and contractors.
Overall Reduction from 0.34
in FY20 to 0.07 in FY23.
Through our employee
volunteering program, we
have planted 10,000 trees
in India (FY23 estimate).
Furthermore, ~137,000
trees planted
by LHWRF Initiatives. We
have also planted more than
~5,000 trees on World
Asthma Day.
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