Lupin reposted this
Sustainability is becoming a top priority for organizations globally as regulations evolve and stakeholders such as investors, customers, and employees demand greater transparency. The 2024 Global Biopharma Sustainability Review by Cytiva underscores the growing significance of sustainability initiatives for pharma manufacturers. According to a survey of 800 industry professionals across 18 countries, sustainability has shifted from a peripheral issue to a central focus. With increasing regulation and compliance, the need to ensure consistent progress has become critical. At Lupin, we commenced our Sustainability journey four years back and we have made major strides in moving forward and institutionalizing ESG across our functions and teams. We are seeing immense benefits, with investments across strategic focus areas such as Renewable Energy, Green Chemistry and Technology. We have transitioned to 33% renewable energy usage, leading to cost savings and environmental impact on green energy usage. A critical factor is the measurement and management of GHG emissions across the business, which can go a long way or hamper progress on climate targets. Keeping this in mind, we at Lupin have focused on reducing our scope 1 and scope 2 emissions by 20% and we have initiated work on scope 3 reduction. Initiatives to reduce scope 3 emissions which constitutes over 70% of GHG emissions, is a key driver to achieve Net Zero. With this, we can mitigate, manage and contribute to lower the impact of climate change. On the other hand, collaboration with stakeholders in a consistent and cohesive manner, across the value chain is a huge step forward in mitigating climate change. We have been working with our suppliers and key stakeholders to build their capacity and help them adopt best practices, which we believe will enable reduced costs and a more streamlined supply continuity. Sustainable organizational growth is when a company witnesses enhanced growth across the 3 pillars of environment, social and economic, resulting in higher revenues, market share, customer base and positive reputation, while positively impacting the environment and society. For us at Lupin, Sustainability is at the heart of our business, paving the way for not only business growth, but a healthier planet as well. #Lupin #TowardsASustainableFuture #LupinCares #ClimateAction #BuildingABetterTomorrow