HYDERABAD: Pharma biggie Dr Reddy’s Laboratories Ltd on Thursday stated it has turn out to be the primary and sole Indian pharma firm to discover a place on the Standard & 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 Emerging Markets (DJSI EM) for the eighth consecutive 12 months.
The DJSI recognitions are primarily based on the corporate’s efficiency within the S&P Global Corporate Sustainability Assessment (S&P Global 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 firms assessed within the prescribed drugs business within the S&P Global CSA and in addition scored a 78 out of 100 within the S&P Global ESG rating, which measures an organization’s efficiency on administration of fabric ESG dangers, alternatives and affect.
On the opposite hand, it scored 77 out of 100 within the 2023 S&P Global CSA 1 with full scores in parameters reminiscent of innovation administration, affect 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 a company with over two decades of experience in sustainability, we see it as our responsibility to set the bar high. Going beyond the environment, we have set ourselves ambitious and measurable goals for patients, employees and governance.
“The distinctive aspect of our approach is that our sustainability agenda is now embedded in business. These prestigious global recognitions, the strong year-on-year improvement in our performance, and our elevation to the World Index of the DJSI are a reflection of our bold goals and the progress we have been making in meeting them.”
In addition to these, the corporate has additionally been awarded the gold medal standing by world sustainability scores company EcoVadis for scoring 70 out of 100 in its 2023 scorecard that locations the corporate among the many prime 5% of firms assessed.
The scorecard measures efficiency throughout 21 indicators throughout 4 areas – setting, labour and human rights, ethics and sustainable procurement and is constructed on worldwide sustainability requirements and contains the Global Reporting Initiative (GRI), the United Nations Global Compact (UNGC), and the ISO 26000.
The Hyderabad-headquartered firm stated it has additionally retained its place within the Dow Jones Sustainability Index for Emerging Markets (DJSI EM) for the eighth consecutive 12 months.
The DJSI recognitions are primarily based on the corporate’s efficiency within the S&P Global Corporate Sustainability Assessment (S&P Global 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 firms assessed within the prescribed drugs business within the S&P Global CSA and in addition scored a 78 out of 100 within the S&P Global ESG rating, which measures an organization’s efficiency on administration of fabric ESG dangers, alternatives and affect.
On the opposite hand, it scored 77 out of 100 within the 2023 S&P Global CSA 1 with full scores in parameters reminiscent of innovation administration, affect 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 a company with over two decades of experience in sustainability, we see it as our responsibility to set the bar high. Going beyond the environment, we have set ourselves ambitious and measurable goals for patients, employees and governance.
“The distinctive aspect of our approach is that our sustainability agenda is now embedded in business. These prestigious global recognitions, the strong year-on-year improvement in our performance, and our elevation to the World Index of the DJSI are a reflection of our bold goals and the progress we have been making in meeting them.”
In addition to these, the corporate has additionally been awarded the gold medal standing by world sustainability scores company EcoVadis for scoring 70 out of 100 in its 2023 scorecard that locations the corporate among the many prime 5% of firms assessed.
The scorecard measures efficiency throughout 21 indicators throughout 4 areas – setting, labour and human rights, ethics and sustainable procurement and is constructed on worldwide sustainability requirements and contains the Global Reporting Initiative (GRI), the United Nations Global Compact (UNGC), and the ISO 26000.
