Dr. Reddy’s Labs - Focus On Improving ESG Initiatives: ICICI Securities

A worker walks past the Leadership Academy building, on the Dr. Reddy’s Laboratories Ltd. campus in Hyderabad, India (Photographer: Prashanth Vishwanathan/Bloomberg)

Dr. Reddy’s Labs - Focus On Improving ESG Initiatives: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Securities Dr Reddys Company Update.pdf

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