Alkem Laboratories Limited Announces Sustainability Report for FY 2024-2025
Alkem Laboratories Limited released its Sustainability Report for FY 2024-2025, showcasing initiatives in environmental stewardship, social responsibility, and governance. Key highlights include reduced emissions, energy consumption, and water usage.
The report provides insights into the company's sustainability efforts and could influence investor perception and stakeholder engagement.
The announcement focuses on the company's commitment to sustainability and highlights various achievements in reducing environmental impact and contributing to social welfare.
* Alkem Laboratories Limited has released its Sustainability Report for the financial year 2024-2025. * The report highlights the company's performance and initiatives related to Environmental, Social, and Governance (ESG) parameters. * The report is available on the company's website. * Key environmental highlights include a 15% reduction in Scope 1 and Scope 2 emissions per tonne of product and a 5.73% reduction in energy consumption per tonne of product compared to FY 2023–24. * The company recycled 3,961 MT of post-consumer plastic packaging waste, covering 100% of domestic product sales. * 21% of total energy was sourced from renewables. * Social highlights include 18,785 total permanent employees and workers, and 30,783 EHSS training man-hours. * The company spent ₹359.1 million on CSR projects and reached 8,72,377 beneficiaries. * Governance highlights include 23% women representation on the Board of Directors and 50% Independent Directors. * The company has reduced water consumption by 19% per tonne of product compared to FY 2023-24. * Basudeo N. Singh, Executive Chairman, and Sandeep Singh, Managing Director, stated that sustainability is an integral part of their business model, balancing performance with purpose.
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Alkem Laboratories Limited filed this with the NSE as a statutory disclosure, categorised under sustainability initiatives. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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