Glenmark Life Sciences — full event log

With Nirma's support, will embark on creating a new brand identity for the Company to reflect the core DNA, with a renewed sense of urgency and purpose.

sustainability_report p.7

Company committed to be Carbon Neutral by 2030 by identifying green initiatives - renewable energy, energy efficiency etc. to reduce from current levels of GHG emissions.

sustainability_report p.56

Identifying opportunities to reduce & replenish water usage; implementing water harvesting & conservation projects to be Water Neutral by 2027.

sustainability_report p.56

Moving towards cleaner methods of waste disposal; prioritising co-processing & pre-processing as cleanest form of disposal to achieve Zero Waste to Landfill by 2027.

sustainability_report p.56

In FY 22-23, not all units of GLS were included in GHG quantification. In FY 23-24 disclosures, all units (1 Corporate Office and 4 Factories) have been considered. This explains the large increase in Scope 1 emissions from 12,798 tCO2e to 667,131 tCO2e. Also, steam purchased from common coal fired boiler for Ankleshwar was added in FY24 Scope 1.

sustainability_report p.125

Reports alignment with SDGs 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15 and 16 through various CSR and operational initiatives.

sustainability_report p.133

With Nirma's support, the Company will embark on creating a new brand identity to reflect the core DNA, with a renewed sense of urgency and purpose.

sustainability_report p.8

GLS manufacturing facilities at Ankleshwar and Dahej are ISO 14001:2015 (environment management) and ISO 45001:2018 (occupational health and safety management) certified.

sustainability_report p.102

As part of Carbon Neutrality CSR project, company has planted 45,800 trees of local species using Miyawaki and traditional methods, resulting in expected absorption of 68,700 tonnes of carbon over their lifespan. Additional 35,000 trees planted in FY24 alone with 52,500 tonnes CO2 lifetime sequestration expected. No durable removals (DAC/BECCS) disclosed; reliance is on nature-based afforestation.

sustainability_report p.58

Started 1 MW hybrid (solar+wind) power at Ankleshwar facility, increasing green energy contribution to 20.9% of plant power. Plan to expand renewable share across all four manufacturing sites.

sustainability_report p.90

Bio-briquette-based boiler installed at Mohol plant (shifted from bio-diesel-based boiler), Dahej facility (FY23), and Ankleshwar facility (FY24). This change is one driver of the large jump in reported Scope 1 emissions as bio-briquette fuel is now categorized as Scope 1 in FY24 reporting.

sustainability_report p.136

34% of solvents are recovered/recycled in manufacturing (FY24, vs 31% in FY23). R&D efforts focused on lower energy consumption alternatives, reducing effluents (50% reduction achieved in FY24 through lifecycle management), introducing safer technologies for early-stage intermediates and optimising challenging batch processes through process intensification and flow chemistry (CSTR, Fixed bed reactor).

sustainability_report p.38

Backward integration plant of 208 KL capacity at Ankleshwar to manufacture Key Starting Materials (KSMs) and intermediates in-house rather than imports from China. New Solapur facility will add 400 KL for backward integration. Reduces reliance on imported intermediates and associated transport/supply-chain emissions.

sustainability_report p.34

Cultivated a robust network of ancillary suppliers for key molecules to reduce reliance on non-Indian sources. Collaborating with local manufacturers providing volumes and technological support to develop new products, contributing to development of domestic manufacturing capabilities.

sustainability_report p.58

Glenmark Pharmaceuticals Limited sold 91,895,379 equity shares (75%) of GLS to Nirma Limited via share purchase agreement dated 21 September 2023. Transaction consummated on 6 March and 12 March 2024. Nirma stands designated as new promoter.

sustainability_report p.6

For FY24 all units (1 Corporate Office and 4 Factories) included in quantification; in FY23 not all units were included. Steam purchased from common coal fired boiler also included in FY24 Scope 1.

sustainability_report p.124

Obtained ANVISA (Brazil) GMP certification for 18 APIs produced at Ankleshwar facility in FY24.

sustainability_report p.16

Energy conservation projects in FY24 include replacement of reciprocating brine compressors (2×19 TR) with energy-efficient screw-type brine compressor (43 TR), AHU chilled water plant temperature optimization, breathing air compressor pressure reduction, LED lighting replacement and automation via timer circuits. These yielded 5.89 lakh kWh savings and INR 48 lakh per annum. Specific steam consumption decreased from 260kg/kg (FY23) to 183.3kg/kg (FY24) and specific power consumption from 121 kWh/kg to 105.29 kWh/kg.

sustainability_report p.56

All 4 facilities have zero liquid discharge capability with comprehensive Effluent Treatment Plants (primary, secondary, tertiary) followed by RO. High COD streams processed via stripper and Multiple Effect Evaporator. Specific water consumption reduced 42.59% to 0.31 KL/kg. 93,445 KL water recycled and reused (up 1.95%). Drip irrigation saved 20 KL/month; RO reject recycling saved 2,772 KL.

sustainability_report p.57

R&D investments target lower energy consumption alternatives, reduction in effluent generation and lower solvent usage. Achieved ~50% effluent reduction in FY24 via lifecycle management on identified products. 24% of CAPEX R&D spend (36% in FY23) directed to sustainable process improvements. New technologies being developed include CSTR, fixed bed reactor for catalytic reactions, continuous flow chemistry, asymmetric hydrogenation and enzymatic transformation.

sustainability_report p.38

Optimising vendor mix to reduce import dependence and exposure to international supply chain disruptions. Cultivated a robust network of ancillary suppliers for key molecules. Implementing backward integration for select Key Starting Materials (KSMs) — 200 KL API + 400 KL backward integration capacity coming up at Solapur. Collaborating with local manufacturers with volumes and technological support to develop new products.

sustainability_report p.58

In-house solvent recovery plants enhance operational efficiency. In FY24, 34% of solvent input came from recovered solvent (vs 31% in FY23); 66% fresh solvent. Solvents are recovered and reused in processes, with partial quantities sent to authorised recyclers.

sustainability_report p.108

In FY24, 9.18% of electricity (76,58,883 kWh) was contributed from renewable energy sources. Ankleshwar plant uses hybrid (solar+wind) power, with 21% of total annual power from hybrid sources (1,00,49,106 kWh out of 4,81,85,820 kWh). Bio-briquette boilers installed at Mohol, Dahej and Ankleshwar facilities to replace fossil fuel boilers. Total renewable energy share targets to grow as part of Carbon Neutral by 2030 commitment.

sustainability_report p.56

Multiple energy conservation projects: replaced reciprocating brine compressors with energy-efficient screw-type (43 TR), AHU chilled water temp optimization, breathing air compressor pressure reduction, LED lighting replacement, VFD on AHU blowers. Total FY24 savings: 5.89 lakh kWh and INR 48 lakh per annum from refrigeration/utility improvements alone. Specific steam consumption decreased from 260kg/kg in FY23 to 183.3kg/kg in FY24; specific power consumption from 121 to 105.29 kWh/kg.

sustainability_report p.56

On 6 March 2024, Nirma Limited acquired 91,895,379 equity shares (75% of paid-up capital) from Glenmark Pharmaceuticals Limited, becoming the new promoter. Chairman, NED V.S. Mani, Independent Director Sridhar Gorthi resigned; three new directors appointed including Hiren K. Patel as Chairman.

sustainability_report p.77

In FY24, 9.18% of energy usage (7,658,883 kWh) came from renewable sources. The Ankleshwar plant uses hybrid power (wind + solar) — approximately 1 MW capacity providing ~21% of plant power (10,049,106 kWh). Bio-briquette boilers have been installed at Mohol, Dahej and Ankleshwar facilities to displace fossil fuels. Solar-powered LED lights installed at Kurkumbh and Mohol.

sustainability_report p.56