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:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.