Sun Pharma

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

41% of energy from renewable sources in FY 2024-25, up from 31% in FY 2021-22. Strategy includes captive hybrid wind+solar plant for Gujarat facilities, captive solar at Dewas, captive windmills at Maduranthakam, expanded solar rooftop at Mohali, Poanta Sahib, Sikkim, Guwahati, Romania, Baddi sites, and fuel-substitution from furnace oil/HSD to renewable biomass briquettes for steam generation. Projecting >50% renewable energy share by 2030.

Sun Pharma is exploring carbon offset projects to neutralize residual emissions. Biodiversity assessment identified opportunities for carbon sequestration through greenbelt conservation to address residual emissions. No specific volumes of durable removals (DAC/BECCS) disclosed.

• Energy efficiency in manufacturing operations

  Deployment of heat pumps for hot water (replacing steam), high-efficiency chillers with smart controls, IE3 motors, VFDs for part-load operations, energy-efficient blowers, compressors, pumps, motion-sensor lighting, and condensate recovery upgrades. Specific energy consumption reduced 7% YoY (12.68 → 11.76 GJ/Revenue Mn INR).

• Water stewardship and ZLD

  Zero Liquid Discharge (ZLD) systems implemented at 18 manufacturing sites. 25% reduction in water consumption vs 2020 baseline; transitioning from groundwater to surface water at multiple sites; rainwater harvesting to recharge local aquifers. Target: water-positive by 2030.

• Fuel switching from furnace oil/HSD to biomass briquettes

  Boiler fuel substitution from conventional furnace oil and high-speed diesel to renewable biomass briquettes for steam generation across most sites. This is the primary driver of Scope 1 decline from 75,970 tCO2e (FY22) to 38,729 tCO2e (FY25) — a ~49% reduction.

• Purchased goods & services (Scope 3 Cat 1)

  Largest Scope 3 category. Reported 115,140 tCO2e in FY 2024-25 (down from 236,932 tCO2e in FY 2023-24). Suppliers required to abide by Supplier & Third Party Code of Conduct including ESG requirements; 64 suppliers assessed via desk-based ESG audits in FY 2024-25.

• Upstream and downstream transportation

  Scope 3 transport categories total ~44,000 tCO2e in FY 2024-25. Mitigation includes shifting from air to sea shipments where feasible, local sourcing to reduce long-haul logistics emissions, and eco-friendly reusable multi-layered cold storage packaging for one main product to reduce CO2 emissions in distribution.