More granular Scope 3 Cat 1 (Purchased Goods) calculation In FY 2024-25, Hikal adopted a more granular approach for calculating emissions from purchased goods and services. Reported Scope 3 rose 38% YoY, but on a like-for-like basis emissions decreased 14%. This improves accuracy of reporting.
▾ expand
ISO 45001:2018 across all 5 manufacturing facilities All five manufacturing facilities certified under ISO 45001:2018 OH&S Management System; R&T Pune undergoing certification. Other certifications include ISO 9001, ISO 14001, ISO 50001, and Responsible Care.
▾ expand
UN Global Compact signatory Hikal is committed to the ten principles of the United Nations Global Compact (UNGC).
▾ expand
SEBI settlement of INR 4.4 million for LODR disclosure issue Settlement of INR 43,97,250 paid to SEBI for alleged non-disclosure/inadequate disclosure of material information under SEBI (LODR) Regulations, 2015. No appeal preferred.
▾ expand
Primary: Fuel switching: natural gas/fuel oil → briquette-generated steam Scope 1 emissions intensity declined due to transition from natural gas and fuel oil to purchased briquette-generated steam. Cogeneration turbine installed at Taloja briquette-fed boiler to generate in-house clean electricity. Improved boiler steam-to-fuel ratio saved 697 MT of fuel and 292.39 MT of furnace oil at Jigani 1.
▾ expand
Primary: Green chemistry & process redesign (carboxylation) R&D spend was 4.20% of total in FY 2024-25 (4.56% in FY23-24). Redesigned carboxylation process eliminated toxic reagents (CO, n-butyl lithium, palladium), improved yield from 33% to 59%, reduced Process Mass Intensity from 43 to 18, and reduced CO2 by 46 kg per 1 kg API (46,000 kg per 1,000 kg API). Patent filed.
▾ expand
Primary: Solvent recovery and waste valorisation More than 90% of process solvents recovered and reused. 'Wealth from Waste' programme identifies recycling/reduction/reuse opportunities; dedicated lab studies waste treatability and converts by-products into desired intermediates. 41,353 MT recycled and 4,712 MT reused in FY 2024-25.
▾ expand
Scope 1 & 2 reduction targets set; Scope 3 SBTi validation planned by FY26 Hikal has set internal Scope 1 and Scope 2 emissions reduction targets and calculated FY 2024-25 Scope 3 emissions. The company is currently a signatory to SBTi for near-term targets and plans to submit for SBTi target validation by end of FY 2025-26. FY 2025 will be designated as the baseline year.
▾ expand
FY 2025 designated as SBTi baseline year Hikal will designate FY 2025 as the baseline year for monitoring progress against emissions reduction targets under SBTi framework.
▾ expand
Zero Liquid Discharge at 3 of 5 manufacturing sites + R&T Pune Implemented 100% ZLD at three of five manufacturing facilities, with new ZLD system commissioned at R&T Pune in FY 2024-25.
▾ expand
see 4 more events →