UN SDG alignment Reports alignment with SDGs 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17 — initiatives mapped against the UN Sustainable Development Goals.
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Primary: Scope 2 reduction via renewable electricity (PPAs, rooftop solar) Primary lever for Scope 2 cuts is shifting purchased electricity to renewables — rooftop solar at Biologics and FTO 11, PPAs, and Virtual PPAs. Internal carbon price guides capex decisions on energy projects.
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TCFD alignment and biodiversity tree planting Aligned with TCFD recommendations; group-wide target to plant 1.5 million trees by 2030; 78,123 native trees planted; 100% RSPO-certified palm products; zero deforestation commitment.
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Primary: Energy efficiency and operational excellence Implemented 106 energy conservation projects in FY22 reducing 6,763 MT CO2e (Scope 1+2) and saving INR 267 million. Energy Ambassador Programme with 49 active ambassadors identifies efficiency opportunities. Digital lighthouse at FTO 3 cut manufacturing cost per 1000 pills by 43% and improved energy use.
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14 ESG goals announced for 2030 At investor day in June 2022, announced 14 bold ESG goals including 100% renewable power by 2030, carbon neutral in direct operations (Scope 1&2) by 2030, 12.5% reduction in Scope 3 by 2030, water positive by 2025.
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CDP Water Security A- (Leadership) Achieved A- Leadership band score on CDP Water Security 2021; B Management level on CDP Climate Change 2021; A on CDP Supplier Engagement Leaderboard 2021.
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Primary: Fuel switching: coal/furnace oil to natural gas and biomass Scope 1 lever — switching from fuel oil to piped natural gas (PNG) and using biomass briquettes in boilers. FTO 2 switched to PNG and green boilers, achieving 83.6% reduction in Scope 1+2 emissions. Bagasse briquette used as biogenic fuel (10,652 tCO2e biogenic emissions in FY22).
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Water positive by 2025 Commitment to be a water-positive company by 2025; currently 78% water neutral.
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100% renewable power by 2030 via PPAs, rooftop solar, RE100 Dr. Reddy's has committed to RE100 with a goal of 100% renewable power by 2030 and 50% by FY2025. In FY22, 26% of power was sourced from renewables. Measures include rooftop solar installations (Biologics facility and FTO 11 inaugurated solar plants), JV/solar plant acquisition, Cogeneration Boilers, Inter-State Open Access PPA, and Virtual PPAs. The company also signed up to EP100 for energy productivity.
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Dependent: Supplier ESG compliance and engagement Target: 100% strategic suppliers compliant with internal ESG framework by 2030. SCOC modelled on PSCI Principles, signed by 100% of suppliers. 275 suppliers underwent onsite ESG risk assessment in last 3 years; 40% weighting on ESG factors in supplier audits. Featured on CDP Supplier Engagement Leaderboard 2021 and 2022.
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