RVBA-GIL

GRANULES INDIA LIMITED — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

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2024· 33 events

SBTi-aligned 1.5°C targets and Net Zero by 2050Data confidence — high

Granules committed to SBTi science-based emissions reduction targets aligned with 1.5°C pathway: 42% absolute reduction in Scope 1+2 and Scope 3 by FY30 from FY23 baseline; Net Zero by 2050. Climate commitments submitted to SBTi for approval.

sustainability_report p.12

Comprehensive Scope 3 inventorization across all 15 categoriesData confidence — high

Conducted comprehensive Scope 3 assessment covering all material categories using supplier-specific method for >80% of value chain. Engaged with suppliers for primary data collection.

sustainability_report p.40

Restated FY22-23 electricity consumption dataData confidence — high

The firm restated FY 22-23 electricity consumption data. Applied IPCC/DEFRA/CEA methodology consistently. CEA grid emission factor used: FY23 0.81 tCO2/MWh, FY24 0.716 tCO2/MWh.

sustainability_report p.34

BSI limited assurance for BRSR FY23-24Data confidence — high

For FY 23-24 the British Standards Institution (BSI) – an independent third party – has verified and assured the data disclosed in this Report.

sustainability_report p.2

EPR registration with CPCBData confidence — high

Received EPR registration certificate on December 26, 2023 from Central Pollution Control Board under EPR guidelines.

sustainability_report p.19

Touch 1 million lives through CSR by FY2030; gender pay parity by FY2030Data confidence — high

Social commitments include: 1M lives via CSR by FY2030, gender pay parity by FY2030, 10% YoY LTIFR reduction, zero workplace fatality target.

sustainability_report p.12

Zero waste to landfill by FY30; 27% waste-to-landfill reduction by FY27Data confidence — high

Circularity targets: zero waste to landfill by FY30; 27% reduction in waste to landfill by FY27; increase co-processing to 95% by FY26.

sustainability_report p.12

Water intensity reduction 27% by FY27Data confidence — high

Water intensity reduction target of 27% by FY27. Conduct water risk assessment and develop water stewardship plan by FY25.

sustainability_report p.12

Mapped actions with UN SDGs and committed to UNGCData confidence — high

Conducted materiality assessment aligned with GRI and mapped actions with the United Nations Sustainable Development Goals (SDGs). Committed to UN Global Compact (UNGC).

sustainability_report p.13

Cyber-attack impacted FY24 financial performanceData confidence — high

Decrease in profit during current year is due to cyber incident and decline in Para API Volume. Return on Net Worth fell from 21% to 14%.

sustainability_report p.55

No durable removals; relies on RECs/offsets for accountingData confidence — high

Granules does not disclose any durable carbon removals (DAC, BECCS, biochar). Climate plan focuses on absolute emission reduction (42% by FY30) with renewable electricity certificates (33,000 MWh I-RECs) offsetting 23,628 tCO2e. The firm does not distinguish removals from offsets in its disclosures.

sustainability_report p.41

Primary: Energy efficiency / Carbon Emission Reduction Measures (CERMs)Data confidence — high

Partnered with Siemens to identify CERMs. Implemented vacuum pump replacement (70,296 kWh saved), EC blowers (474,272 kWh), RT pump interlocks (28,244 kWh), VFDs, auto cut-off cooling fans, automatic chiller tube cleaning. Total annual energy savings of 915,945 kWh and INR 120.23 lakhs in cost savings across all units in FY23-24.

sustainability_report p.36

Primary: Alternative fuels for boilers at Bonthapally and GagillapurData confidence — high

Targeting techno-commercial feasibility of alternate fuels for boilers at Bonthapally and Gagillapur. HSD consumption reduced by 31.6%, coal by 1.9%, FO by 1.4% in FY23-24. Internal Carbon Pricing (ICP) to be developed by FY25.

sustainability_report p.13

Dependent: Green molecules platform via Granules CZROData confidence — high

Granules CZRO subsidiary launched to reimagine pharmaceutical manufacturing with green chemistry. Pilot plant for DCDA set up at Visakhapatnam. Aims to decarbonise backward integration for paracetamol and metformin. Academic partnership with NIPER Mohali on Centre of Excellence for Innovative and Sustainable Pharmaceutical Development.

sustainability_report p.52

Primary: Downstream distribution emissions (Scope 3 Cat 9)Data confidence — high

Downstream transportation contributes 24,827 tCO2e (FY24, up from 22,381 in FY23). Distance-based methodology applied. Part of value chain decarbonization roadmap focused on logistics optimization across 80+ export markets.

sustainability_report p.40

Cyber attack and Para API decline impact financialsData confidence — high

FY24 PAT declined to ₹4,053M from ₹5,166M due to cyber incident and decline in Paracetamol API Volume.

sustainability_report p.55

Zero waste to landfill by FY30Data confidence — high

Achieve Zero waste to landfill by FY 30; 27% reduction in waste to landfill by FY 27

sustainability_report p.12

Comprehensive Scope 3 inventorization across 15 categoriesaffects scope 3 co2eData confidence — high

Scope-3 Inventorization using the highest level of accurate methodology. Conducted one of the most comprehensive assessments of Scope 3 emissions in the pharma industry, covering all relevant categories aligned with GHG Protocol and ISO 14064.

sustainability_report p.4

First-time external assurance by BSIData confidence — high

For FY 23-24 The British Standards Institution (BSI) – an independent third party has verified and assured the data disclosed in this Report (limited assurance).

sustainability_report p.2

Internal Carbon Pricing by FY25Data confidence — high

Develop an Internal Carbon Pricing (ICP) by FY 25 as part of short term targets

sustainability_report p.12

Primary: Manufacturing energy efficiency (CERMs with Siemens)Data confidence — high

Partnered with Siemens to identify Carbon Emission Reduction Measures. Implemented vacuum pump replacements (70,296 kWh saved at Bonthapally), EC blower upgrades (474,272 kWh at Gagillapur), VFDs on motors, auto cut-off cooling tower fans, automatic chiller tube cleaning. Total annual energy saving of 915,945 kWh and financial saving of ~INR 120.23 lakhs.

sustainability_report p.36

Primary: Green molecules platform (Granules CZRO)Data confidence — high

Granules CZRO subsidiary pilot plant for DCDA commissioned in Visakhapatnam to reimagine pharma manufacturing via biocatalysis, fermentation, and green chemistry. Aims to solve scope 3 challenge by enabling green-energy industrial feedstocks for paracetamol, metformin and other core APIs. R&D collaboration with NIPER Mohali for Centre of Excellence in Innovative and Sustainable Pharmaceutical Development.

sustainability_report p.52

Net Zero 2050 commitment with SBTi 1.5°C pathwayaffects net zero target yearData confidence — high

Committed to SBTi to develop science-based emissions reduction targets in line with the 1.5°C pathway. Net Zero by 2050. Reduce Scope 1 and 2 absolute emissions by 42% by FY30 from FY23 baseline, Scope 3 absolute by 42% by FY30 from FY23 baseline.

sustainability_report p.12

Restated FY22-23 electricity consumption dataaffects scope 2 co2e locationData confidence — high

Restated the FY 22-23 electricity consumption data; updated CEA emission factor (0.81 to 0.716 tCO2/MWh)

sustainability_report p.34

Touch 1 million lives through CSR by FY2030Data confidence — high

Drive health, skilling, environmental sustainability, and Volunteering as part of CSR activity to touch 1 million lives by FY2030. Achieve gender pay parity by FY2030.

sustainability_report p.12

Solar + PPA + I-RECs achieve 47% renewable electricityData confidence — high

Granules has installed 320 KWp rooftop solar at Gagillapur (commissioning another 660 KWp), generating 359 MWh in FY24. Procured 6,528 MWh through PPA for Gagillapur and 33,000 MWh of I-RECs for Gagillapur and Bonthapally. Total renewable contribution reached 47.4% of electricity mix. Plans include commissioning 1MW rooftop solar at Gagillapur by FY25 and increasing PPA renewable purchases across plants.

sustainability_report p.13

Primary: Fuel switching for boilers (alternate fuels)Data confidence — high

Complete techno-commercial feasibility of alternate fuels for boilers for Bonthapally and Gagillapur by FY25. HSD consumption reduced 31.6%, coal 1.9%, FO 1.4% in FY24. Adopting biofuels and renewable energy is part of net-zero roadmap.

sustainability_report p.13

Primary: Water recycling via Zero Liquid DischargeData confidence — high

Maintains Zero Liquid Discharge Systems and Effluent Treatment Plants with RO Recovery across manufacturing units. 39% of wastewater recycled and reused in operations. Water intensity reduced 25% vs FY23. Target: 27% water intensity reduction by FY27.

sustainability_report p.41

Dependent: Supplier sustainability program (Scope 3 Cat 1)Data confidence — high

Launched Supplier Sustainability Program engaging key suppliers to commit and disclose environmental/climate metrics, develop SBTi-validated targets, and provide product carbon footprint information. Scope 3 supplier-specific method used across more than 80% of value chain. Target: Adopt supplier sustainability framework and encourage strategic suppliers to set science-based emission reduction targets by FY27.

sustainability_report p.18

Primary: Hazardous waste co-processingData confidence — high

88% of hazardous waste sent to cement industries for co-processing, promoting circular economy and reducing GHG footprint. 100% non-hazardous waste recycled. Target: Increase co-processing to 95% by FY26 and zero waste to landfill by FY30.

sustainability_report p.13

No durable removals; reliance on RECs and co-processingData confidence — med

Granules has not disclosed any durable carbon removals (DAC, BECCS, biochar). Carbon offsetting is achieved primarily through I-REC purchases (33,000 MWh offsetting 23,628 tCO2e) and waste co-processing in cement industries. The Green Pharma initiative (CZRO) and DCDA pilot plant in Vizag pursue avoidance via green chemistry rather than removals.

sustainability_report p.42

47.4% renewable electricity via rooftop solar, PPAs and I-RECsData confidence — high

Granules has installed 320 KWp rooftop solar at Gagillapur (with another 660 KWp under commissioning), generating 359 MWh. Procured 6,528 MWh renewable electricity through PPA for Gagillapur and 33,000 MWh of I-RECs for Gagillapur and Bonthapally units. These initiatives raised renewable energy share to 47.4% of electricity mix in FY23-24. GIL-GGP alone achieved 17.98% renewable energy utilisation.

sustainability_report p.13

Dependent: Supplier Sustainability Program / Scope 3 Cat 1 reductionData confidence — high

Purchased goods & services dominate Scope 3 at 514,516 tCO2e (~81% of Scope 3). Launched Supplier Sustainability Program engaging key suppliers to disclose emissions, develop SBTi-aligned targets, share product carbon footprints, and adopt renewable energy. Target: strategic suppliers to set science-based targets by FY27. Supplier-specific method used for >80% of value chain Scope 3 calculation.

sustainability_report p.18