Carbon sequestration via afforestation and climate-smart agriculture Level 4 of carbon neutrality roadmap focuses on carbon sequestration through afforestation both within and beyond the fence, and climate-smart sustainable agriculture (ACE programme). Group-wide target to plant 1.5 million trees by 2030 - more than 78,123 native trees planted. ACE programme has shifted 5,875 acres from Transplanted Rice to Direct Seeded Rice and 8,000 acres to zero tillage, reducing emissions by 9,600 tCO2e.
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FTO 3 Bachupally joins WEF Global Lighthouse Network Largest formulations manufacturing facility recognised by World Economic Forum for Industry 4.0 deployment, with 43% reduction in manufacturing cost per 1000 pills and 30% reduction in production lead time
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Gender and disability inclusion commitments 35% women in senior leadership by 2030, gender parity by 2035, 3% workforce as persons with disabilities by 2030, 100% living wages for extended workforce by 2025
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100% renewable power by 2030 via RE100, PPAs and rooftop solar Committed to RE100 global initiative with 100% renewable power target by 2030 (50% by FY25). Approach includes installing solar rooftops, JV/solar plant acquisition, cogeneration boilers, Inter-State Open Access PPAs, and Virtual PPAs. Biologics facility and FTO 11 have inaugurated on-site solar power plants. FTO 2 has rooftop solar plus windmill, with 90%+ of power utilised from solar. Currently at 26% renewable power.
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Primary: Energy efficiency via Industry 4.0 and digital lighthouse 106 energy conservation projects implemented in FY22, reducing 6,763 tCO2e and saving ₹267 million. Digital lighthouse at FTO 3 reduced manufacturing cost per 1000 pills by 43%, production lead time by 30%. FTO 2 uses Honeywell Forge for HVAC closed-loop machine learning optimisation, electronic commutated fans, saving ₹3.4 million per annum and 369 tCO2e.
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SBTi-validated carbon reduction targets 1st Indian and 3rd Asian company to join Science-Based Targets initiative (SBTi). Carbon reduction plan approved by SBTi.
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Renewable power target tightened from 50% by 2025 to 100% by 2030 Previous goal was 50% renewable energy by FY25; new goal is 100% renewable power by 2030 via RE100 commitment
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100% plastic waste neutral in India achieved Achieved 100% plastic waste neutrality in Indian operations two years ahead of FY23 target. Collected and processed 1,450.188 tonnes of plastic waste
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Sustainability & CSR Board-level committee formed Board level committee formed for highest level accountability on ESG
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Primary: Fuel switching: coal/furnace oil to PNG and biomass briquettes Level 3 of decarbonisation roadmap: green fuel switchover with time-bound plan to shift to cogeneration or briquette-based fuel. FTO 2 switched from fuel oil to piped natural gas (PNG) for combustion and replaced conventional thermal boilers with green boilers, achieving 83.6% reduction in CO2 emissions year-on-year.
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