HYDERABAD: Pharma biggie Dr Reddy’s Laboratories Ltd on Thursday stated it has change into the primary and sole Indian pharma firm to discover a place on the Commonplace & Poor Dow Jones Sustainability World Index (DJSI World) for 2023.
The Hyderabad-headquartered firm stated it has additionally retained its place within the Dow Jones Sustainability Index for Rising Markets (DJSI EM) for the eighth consecutive yr.
The DJSI recognitions are based mostly on the corporate’s efficiency within the S&P International Company Sustainability Evaluation (S&P International CSA) together with different screening standards, it stated.
Dr Reddy’s knowledgeable the bourses that it was ranked within the prime decile percentile and achieved the sixth highest rating amongst 347 corporations assessed within the prescription drugs business within the S&P International CSA and likewise scored a 78 out of 100 within the S&P International ESG rating, which measures an organization’s efficiency on administration of fabric ESG dangers, alternatives and influence.
Then again, it scored 77 out of 100 within the 2023 S&P International CSA 1 with full scores in parameters reminiscent of innovation administration, influence on entry to healthcare, local weather threat administration, and useful resource effectivity and circularity, Dr Reddy’s stated.
Commenting on the event, Dr Reddy’s co-chairman & managing director G V Prasad stated: “As an organization with over 20 years of expertise in sustainability, we see it as our accountability to set the bar excessive. Going past the surroundings, we’ve got set ourselves bold and measurable objectives for sufferers, staff and governance.
“The distinctive side of our strategy is that our sustainability agenda is now embedded in enterprise. These prestigious international recognitions, the robust year-on-year enchancment in our efficiency, and our elevation to the World Index of the DJSI are a mirrored image of our daring objectives and the progress we’ve got been making in assembly them.”
Along with these, the corporate has additionally been awarded the gold medal standing by international sustainability scores company EcoVadis for scoring 70 out of 100 in its 2023 scorecard that locations the corporate among the many prime 5% of corporations assessed.
The scorecard measures efficiency throughout 21 indicators throughout 4 areas – surroundings, labour and human rights, ethics and sustainable procurement and is constructed on worldwide sustainability requirements and consists of the International Reporting Initiative (GRI), the United Nations International Compact (UNGC), and the ISO 26000.
The Hyderabad-headquartered firm stated it has additionally retained its place within the Dow Jones Sustainability Index for Rising Markets (DJSI EM) for the eighth consecutive yr.
The DJSI recognitions are based mostly on the corporate’s efficiency within the S&P International Company Sustainability Evaluation (S&P International CSA) together with different screening standards, it stated.
Dr Reddy’s knowledgeable the bourses that it was ranked within the prime decile percentile and achieved the sixth highest rating amongst 347 corporations assessed within the prescription drugs business within the S&P International CSA and likewise scored a 78 out of 100 within the S&P International ESG rating, which measures an organization’s efficiency on administration of fabric ESG dangers, alternatives and influence.
Then again, it scored 77 out of 100 within the 2023 S&P International CSA 1 with full scores in parameters reminiscent of innovation administration, influence on entry to healthcare, local weather threat administration, and useful resource effectivity and circularity, Dr Reddy’s stated.
Commenting on the event, Dr Reddy’s co-chairman & managing director G V Prasad stated: “As an organization with over 20 years of expertise in sustainability, we see it as our accountability to set the bar excessive. Going past the surroundings, we’ve got set ourselves bold and measurable objectives for sufferers, staff and governance.
“The distinctive side of our strategy is that our sustainability agenda is now embedded in enterprise. These prestigious international recognitions, the robust year-on-year enchancment in our efficiency, and our elevation to the World Index of the DJSI are a mirrored image of our daring objectives and the progress we’ve got been making in assembly them.”
Along with these, the corporate has additionally been awarded the gold medal standing by international sustainability scores company EcoVadis for scoring 70 out of 100 in its 2023 scorecard that locations the corporate among the many prime 5% of corporations assessed.
The scorecard measures efficiency throughout 21 indicators throughout 4 areas – surroundings, labour and human rights, ethics and sustainable procurement and is constructed on worldwide sustainability requirements and consists of the International Reporting Initiative (GRI), the United Nations International Compact (UNGC), and the ISO 26000.
