6 Dear valued stakeholders, In order to build a sustainable society, we must take decisive actions driven by clear visions, goals, and engaged individuals with the necessary skills. Our commitment to making a lasting impact is guided by our sustainable development goals, which serve as our guiding star. CRO-CDMOs play a pivotal role in today’s medicine production, crucial for a sustainable society. In this context, we aspire to become the Pre-eminent Asia- Pacific CRO-CDMO with a Global Delivery Platform, standing out as a partner of choice for pharmaceutical innovators by delivering service levels at par with the best global CRO-CDMOs. We understand that our vision is ambitious, but we are committed to achieving it. To succeed, we need to become more efficient and enhance our capabilities to embrace cutting-edge technology. Our confidence in moving forward comes from our mission of “Making it better together,” which prioritizes sustainability. We are implementing a three-pronged approach in alignment with our sustainability framework: 1. Productivity – achieving significantly more with fewer resources. We address material efficiency, efficiency in development and commercialisation meeting customer requirements through operational excellence initiatives and focus on health and safety 2. Digital and Automation – delivering swift, consistent, high-quality results with minimal manual intervention. Our focus is on fulfilling compliance requirements transparently and incorporating automation to ensure ease of operations and quick turnaround time in development, technology transfer and manufacturing 3.New Frontiers – expanding into pioneering modalities and technologies. We prioritise innovation, to partner with customers for new therapeutic possibilities, turning tangible opportunities for treatment. Our commitment to environmental, social, and economic stewardship is advanced through the implementation of our sustainability framework guided by national and international ESG protocols, reporting standards, and principles. Our organizational sustainable development goals closely align with the United Nations Sustainable Development Goals. We are involved in the transition to a lower-carbon future, actively reducing greenhouse gas (GHG) emissions and investing in technologies, processes, and systems. For example, as part of our energy conservation plan, we have spearheaded various initiatives for energy savings in production, utilities, and effluent treatment. We have invested USD 225,000 in a 2.7 MW wind turbine through a Group Captive Power project. This strategic investment, coupled with a 25-year power purchase agreement for 8,300 MWh per annum, marks a pivotal moment in our pursuit of net-zero emissions. This has contributed to significant increase in the use of renewable energy at our Bidar Facility to 89% in FY 24 from 79% in FY 23. While nurturing the planet is fundamental to building a better future for everyone, the move toward people sustainability is a parallel shift. We are undertaking a comprehensive effort to add value to the people we come in contact with --- our employees, contract workers, supply chain partners and communities where we operate. Our sustainability framework integrates the degree to which the organization creates value for our people, ensuring for them greater health, safety and well-being, stronger skills, jobs that grow capabilities and exposure, opportunities for advancement, progress toward equity, increased belonging, and connection to contributing to the mission. We have taken several proactive actions towards health, safety and well-being. We had zero fatalities across our sites. We successfully commissioned one of the production blocks at Bidar with zero incidents. The critical steps taken to embed a culture of safety and to create ownership for safety are exemplified by the 10 commandments in R&D and the non- negotiables in our manufacturing facilities. We embed process safety elements in the entire life cycle of the product. The process safety scrutiny starts from the quote stage and assessments are done by competent teams across the lifecycle. A novel approach of using customised job-specific pictorial modules and assessment questionnaires in local languages for worker training is well established in our manufacturing facilities. We proactively offer the Employee Wellness and Assistance Program (EWAP) which provides confidential support for any personal or work-related challenges our employees may face. Our family-friendly policy is designed to create a workplace culture that supports employees in balancing their work commitments and family responsibilities. Achieving people sustainability requires careful balancing of short-term initiatives and longer-term practices and we are continually undertaking steps to address structural and systemic issues. Our leaders are actively engaging with our people to know about what they value and how it can be pursued together. We are actively engaging with our key suppliers to collaborate on advancing ESG goals. As part of diversity, we are focused on building gender representation across employee levels. At present, our representation of women stands at 14%. It’s imperative that we work towards increasing it in order to foster a more diverse and inclusive environment. We seek to remove barriers and create equality of opportunity. We are creating safe spaces for women employees to share and listen to each other’s experiences. It has generated a deeper level of empathy among our people to reflect on and become sponsors and advocates. Our continued investment in governance has been strengthened with digitalisation and information protection measures. Our R&D and manufacturing activities are tracked and managed using digital platforms. We engage in paperless data acquisition, science-based modelling and predictive analytics. Leveraging the i ntersection of sustainability and digital transformation we are pursuing better resource utilization, bringing transparency in our operations and opening avenues for process innovations. We are deeply committed to supporting the communities where our various sites are situated. Our strategy is to partner with NGOs with programs in our focus areas and support them in extending those to target groups in the regions around our operations. We introduce innovative approaches to learning for students in government schools, promoting employability skills and better health. In this report, you will find information on our progress and future goals in our sustainability journey. We are dedicated to maintaining transparency throughout our journey and would greatly appreciate your feedback as we work towards harnessing the synergies arising from sustainability, performance, and growth. Sincerely, Krishna Kanumuri CEO & Managing Director Message from our CEO
RkJQdWJsaXNoZXIy MTIwMDc4NQ==