Page 33 - CW E-Magazine (Oct-Nov-2023)

Sustainability Practices

its renewable energy share to 20% by organizations, including the Dow Jones water recycling have resulted in sav-
the year 2025 and reducing its carbon Sustainability Index and the Global Re- ing 15,11,061 KL of water since FY14.
footprint by 12.5% by 2030. porting Initiative. It has also achieved ZLD at two of its
manufacturing facilities. Under the
Similar to other companies, Au- Glenmark Pharmaceuticals waste management programmes, the
robindo has also invested in renewable Glenmark, with sales of over Rs. company recycles 49% of its hazardous
energy, improving energy efficiency, 14,100 crores in 2022-23, has devel- waste it generates. It has also achieved
and reducing waste; to achieve these oped a comprehensive Environmental, a 100% EPR target to recycle / repro-
targets. In addition to the usual mea- Social and Governance (ESG) policy cess plastic waste.
sures, the company also exploring the that guides its sustainability efforts.
possibility of using biomass to obtain Glenmark is reducing its environmental Glenmark has set a target to reduce
renewable energy. Aurobindo is also impact through a variety of initiatives its greenhouse gas emissions intensity
implementing several energy efficiency for energy conservation, use of renew- by 25% by 2030. The company is also
measures, such as upgrading various able energy, water conservation, and working to develop and commercialize
manufacturing equipment and improv- waste management. low-carbon products and services.
ing its insulation. The company is also
working to reduce waste by recycling The company has installed energy- The company’s sustainability ef-
and composting as much material as efficient lighting and HVAC systems. forts have been recognized by several
possible. As a result, it reduced its energy con- organizations. Glenmark has been fea-
These efforts have resulted in sig- sumption by 23,902 GJ in FY22. It tured in the Dow Jones Sustainability
nificant achievements for the com- has reduced its energy consumption by Emerging Markets Index for the fourth
pany: – reduced water consumption 15% in the past three years. The com- consecutive year. It has also won the
by 5% and energy consumption by 3% pany has also started using renewable ESG Performance Awards – Pharma-
in 2021-22, compared to the previous energy for its operations. At present, ceuticals & Biotechnology at the ESG
year. Aurobindo has also planted over Glenmark generates 6% of its electrical Summit & Awards 2021.
two million trees in India since 2010. energy from renewable sources, such
as solar and wind power. Implementa- DR. AJIT JOSHI
The company’s sustainability efforts tion of water conservation techniques Email: drjoshi9@gmail.com
have been recognized by a number of like rainwater harvesting and waste-

Chemical Weekly October / November 2023 29