HYDERABAD: Pharmaceutical major Dr Reddy's Laboratories Ltd on Thursday said it has become the first and only Indian Pharmaceutic Company to find a job at Standard & Poor Dow Jones World Sustainability Index (DJSI Mundo) for 2023.
The Hyderabad-based company said it has also maintained its place in the Dow Jones Sustainability Emerging Markets Index (DJSI EM) for the eighth consecutive year.
DJSI recognitions are based on a company's performance on the S&P Global Corporate Sustainability Assessment (S&P Global CSA), along with other screening criteria, it said.
Dr Reddy's informed the exchanges that it was ranked in the top decile percentile and achieved the sixth highest score among 347 companies evaluated in the pharmaceutical industry in the S&P Global CSA and also scored 78 out of 100 in the S&P Global ESG score, which measures a company's performance in the management of relevant ESG risks, opportunities and impacts.
On the other hand, it scored 77 points out of 100 in the 2023 S&P Global CSA 1, with full scores on parameters such as innovation management, impact on access to healthcare, climate risk management and resource efficiency and circularity, Dr Reddy he said.
Commenting on the development, Dr. Reddy’s Co-Chairman and Managing Director GV Prasad said, “As a company with over two decades of experience in sustainability, we see it as our responsibility to set high standards. Going beyond the environment, we set ambitious, measurable goals for patients, staff and governance.
“The distinctive aspect of our approach is that our sustainability agenda is now embedded in the business. These prestigious global recognitions, the strong annual improvement in our performance and our elevation to the DJSI World Index are a reflection of our bold goals and the progress we have made towards achieving them.”
Additionally, the company was also awarded a gold medal by global sustainability rating agency EcoVadis for scoring 70 out of 100 on its 2023 scorecard, which places the company in the top 5% of companies assessed.
The scorecard measures performance across 21 indicators in four areas – environment, labor and human rights, ethics and sustainable purchasing and is based on international sustainability standards and includes the Global Reporting Initiative (GRI), the Global Compact of Nations United States (UNGC) and ISO 26000.



Please enter your comment!
Please enter your name here