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ICICI Securities Report
We hosted Dr. Reddy's Laboratories Ltd.'s in our environmental, social and corporate governance conference.
The company has been able to show improvement on ESG front over past ten years and has set several targets for near to long term to improve it further. Key takeaways from the meeting-
The company adopted environmental commitment in FY10 with certain targets for FY20. It has been able to perform better than earlier target on specific water consumption, waste reduction and hazardous waste to landfills.
However, it fell short of target on specific energy consumption, increase in share of renewable energy and water neutrality. Though, the company has been able to improve on all the above parameters over the years but couldn't achieve target on few aspects.
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