Dr. Reddy's

Top Company Values

Set Net-Zero Waste Target

Committed to a Net-Zero Waste Future by 2030.

Dr. Reddy's Laboratories has announced its commitment to achieving a net-zero waste target by 2030. By setting this goal, the company aims to minimize its environmental footprint and lead the way in sustainable practices within the pharmaceutical industry. To reach this target, Dr. Reddy's has been taking several practical steps, which include revamping its manufacturing processes and collaborating with waste management experts to implement environmentally friendly practices.

As of now, Dr. Reddy's has made substantial progress in reducing waste and increasing recycling rates in its facilities. The company has implemented advanced waste management technologies and adopted innovative methods to minimize waste generation. Although exact figures and percentages have not been disclosed, Dr. Reddy's has publicly shared its commitment to continuous improvement and transparency in reporting its progress.

To help achieve its net-zero waste goal, Dr. Reddy's has partnered with waste management experts, including Veolia, a global leader in optimized resource management. This collaboration focuses on improving waste disposal methods, identifying recycling and upcycling opportunities, and adopting best practices in sustainable resource management. These partnerships have been crucial in optimizing the company's waste reduction efforts and moving closer to the net-zero waste target.

Dr Reddy's have emphasized the importance of creating a culture of sustainability among their employees. By engaging team members at all levels and fostering a culture of sustainability within the organization, the company aims to encourage innovative ideas and solutions to reduce waste and promote sustainability in daily operations.

Set Net-Zero Freshwater Systems Degradation Target

Championing Sustainable Water Management for a Healthier Future by 2030.

Dr. Reddy's Laboratories has announced its commitment to a Net-Zero Freshwater Systems Degradation Target. The aim of this target is to reduce the company's impact on freshwater ecosystems by 2030. To achieve this objective, Dr. Reddy's has been working on aligning its operations to minimize water consumption and protect freshwater resources.

To reduce water consumption, the company has implemented advanced water management technologies such as real-time monitoring systems and smart water meters. These tools allow Dr. Reddy's to closely track water usage and identify areas for improvement. Furthermore, the company has increased water recycling rates in its facilities, utilizing treated wastewater for non-potable purposes like cooling systems and landscaping. This approach has led to a significant decrease in freshwater demand.

Dr. Reddy's has also focused on optimizing water use in its manufacturing processes. For instance, they have introduced closed-loop systems that reuse water in multiple stages of production, leading to a more efficient use of the resource. Moreover, the company is actively exploring innovative methods like dry processing techniques that require minimal water, further reducing the strain on freshwater sources.

While specific figures on water savings have not been disclosed, Dr. Reddy's has made progress in reducing its water footprint. The company has expressed its dedication to transparency and continuous improvement, and plans to share updates on their progress as they work towards the Net-Zero Freshwater Systems Degradation Target.

Published modern slavery statement

Upholding Ethical Labor Standards Through a Transparent Modern Slavery Statement.

Dr. Reddy's Laboratories' modern slavery statement demonstrates the company's commitment to ensuring that its operations, supply chains, and business practices are free from any form of slavery, human trafficking, or exploitation. The statement outlines the steps Dr. Reddy's has taken to identify and mitigate risks, promoting a culture of fairness and respect throughout its operations.

One of the key measures Dr. Reddy's has implemented is a rigorous supplier assessment process. This process involves evaluating potential suppliers based on their compliance with labor and human rights standards. By partnering with suppliers that share the company's values and commitment to ethical practices, Dr. Reddy's actively works to prevent modern slavery in its supply chains.

In addition to supplier assessments, Dr. Reddy's has established a robust internal compliance program. The program includes regular audits and inspections to ensure adherence to labor laws and human rights standards across its facilities. Employees undergo comprehensive training to increase awareness of modern slavery risks and are encouraged to report any concerns or suspicions through established channels, without fear of retaliation.

In addition to supplier assessments, Dr. Reddy's has established a robust internal compliance program. The program includes regular audits and inspections to ensure adherence to labor laws and human rights standards across its facilities. Employees undergo comprehensive training to increase awareness of modern slavery risks and are encouraged to report any concerns or suspicions through established channels, without fear of retaliation.

Dr. Reddy's also engages with external stakeholders to strengthen its approach to combating modern slavery. The company collaborates with industry peers, non-governmental organizations, and labor rights experts to share best practices and adopt innovative strategies. These partnerships enable Dr. Reddy's to stay up-to-date with emerging trends and challenges, ensuring its efforts remain effective and relevant.

Actively manages ethical and sustainability standards in its supply chain

Advancing Ethical and Sustainable Supply Chains for a Responsible Future.

Dr. Reddy's Laboratories is committed to managing ethical and sustainability standards in its supply chain, taking a proactive approach to ensure responsible business practices. The company acknowledges that a sustainable and ethical supply chain is crucial for long-term success and actively works to embed these values throughout its operations.

One of the key steps Dr. Reddy's has taken is to develop a comprehensive Code of Conduct for suppliers. This code outlines the company's expectations regarding labor rights, environmental responsibility, and business ethics. Suppliers are required to adhere to the code, and Dr. Reddy's regularly monitors compliance through periodic assessments, helping to ensure a high level of integrity throughout the supply chain.

To further enhance its sustainability practices, Dr. Reddy's focuses on reducing the environmental impact of its operations and supply chain. The company has implemented measures such as energy-efficient technologies, waste reduction initiatives, and responsible water management practices in its facilities. Additionally, Dr. Reddy's encourages suppliers to adopt similar practices, driving a collective effort towards a more sustainable pharmaceutical industry.

Dr. Reddy's also recognizes the importance of stakeholder engagement in promoting ethical and sustainable supply chain management. The company engages in open dialogue with various stakeholders, including investors, customers, regulators, and local communities. By maintaining transparent communication, Dr. Reddy's can address concerns, identify opportunities for improvement, and foster trust among all parties involved.

To strengthen its commitment to ethical and sustainable supply chain practices, Dr. Reddy's actively participates in industry associations and collaborative platforms. For example, the company is a member of the United Nations Global Compact, a voluntary initiative encouraging businesses to adopt sustainable and socially responsible policies. Through its involvement in such initiatives, Dr. Reddy's contributes to the development of industry-wide standards and best practices, reaffirming its dedication to responsible business conduct.

Engages with community

Fostering Community Connections for a Brighter, Healthier Tomorrow.

Dr. Reddy's Laboratories understands the importance of engaging with its community and has developed various initiatives to create meaningful connections and drive positive change. By aligning their operations with community-focused programs, the company aims to make a lasting impact on the lives of those they serve.

One such initiative is Dr. Reddy's Foundation, a non-profit organization that focuses on empowering underprivileged youth through education and skill development programs. Launched in 1996, the foundation has helped thousands of young people gain the skills needed to secure employment and build better futures. This not only benefits the individuals involved but also contributes to the overall development of the communities in which Dr. Reddy's operates.

Another program developed by Dr. Reddy's is their commitment to improving public health, particularly in underserved communities. The company collaborates with local healthcare providers, non-governmental organizations, and government agencies to deliver essential medicines, organize health camps, and raise awareness about the importance of preventive healthcare. These collaborations help to create a healthier environment for community members and improve access to quality healthcare services.

Additionally, Dr. Reddy's has a strong focus on environmental stewardship, recognizing that a healthy environment is vital for thriving communities. The company has implemented tree plantation drives and cleanup initiatives, often involving employees as volunteers. By engaging its workforce in these activities, Dr. Reddy's fosters a sense of shared responsibility and commitment to the well-being of the communities where they live and work.

Dr. Reddy's also supports local economic development by collaborating with small and medium-sized enterprises (SMEs) in the regions where it operates. By partnering with these businesses and sharing industry knowledge, Dr. Reddy's helps to promote economic growth and create job opportunities within the community. This approach not only benefits the company's operations but also contributes to the prosperity and self-sufficiency of the communities they serve.

All members of key board committees are independent

Independent Board Committees, Strengthening Trust and Accountability.

Dr. Reddy's Laboratories has made a conscious effort to ensure that all members of its key board committees are independent, emphasizing the company's commitment to strong corporate governance and ethical business practices. By maintaining a board composed of independent members, Dr. Reddy's aims to foster a culture of transparency, accountability, and unbiased decision-making throughout the organization.

This commitment to board independence is reflected in the composition of the company's audit, nomination and remuneration, and stakeholders' relationship committees. Each of these committees plays a crucial role in overseeing various aspects of the company's operations, from financial reporting to executive compensation, and from board nominations to stakeholder engagement. The presence of independent members on these committees ensures that decisions are made objectively and in the best interest of the company and its stakeholders.

Dr. Reddy's has also implemented a comprehensive set of guidelines for determining the independence of its board members. These guidelines are based on regulatory requirements and industry best practices, helping to ensure that the company's board remains free from conflicts of interest or undue influence from management. By adhering to these guidelines, Dr. Reddy's demonstrates its dedication to maintaining the highest standards of corporate governance.

In addition to board independence, Dr. Reddy's actively promotes diversity within its leadership team, recognizing that diverse perspectives lead to better decision-making and a more resilient organization. By fostering an inclusive environment at the board level, the company encourages open dialogue and collaboration, enabling it to navigate the complex challenges of the pharmaceutical industry.

To support its commitment to strong corporate governance, Dr. Reddy's regularly reviews and updates its governance practices, ensuring that they remain aligned with the evolving regulatory landscape and stakeholder expectations. This proactive approach to governance enables the company to maintain its reputation for integrity and ethical business conduct, while also delivering sustainable value to its shareholders and other stakeholders.

Has Corporate Responsibility / Sustainability Board Committee

Our pairing culture is closely connected to our flexible work arrangements.

Dr. Reddy's Laboratories have established a dedicated Corporate Responsibility / Sustainability Board Committee. This committee plays a vital role in guiding the company's efforts to address environmental, social, and governance (ESG) challenges, while ensuring that Dr. Reddy's remains committed to responsible business practices and long-term value creation for all stakeholders.

One of the primary functions of the Corporate Responsibility / Sustainability Board Committee is to develop and oversee the company's ESG strategy. This includes setting sustainability goals, monitoring progress, and identifying opportunities for improvement. By having a dedicated board committee focused on ESG matters, Dr. Reddy's ensures that these issues are given the attention they deserve and are integrated into the company's overall business strategy.

The committee also works to promote a culture of sustainability within the organization. This involves engaging with employees at all levels, encouraging them to embrace responsible practices in their daily work and to contribute ideas for enhancing the company's sustainability performance. Through this engagement, Dr. Reddy's fosters a sense of shared responsibility for ESG matters, empowering its workforce to drive positive change across the organization.

In addition to its internal efforts, the Corporate Responsibility / Sustainability Board Committee is responsible for engaging with external stakeholders, including investors, customers, regulators, and community members. By maintaining open and transparent dialogue with these stakeholders, the committee can better understand their concerns and expectations, ensuring that Dr. Reddy's ESG strategy remains aligned with the needs of those it serves.

The work of the Corporate Responsibility / Sustainability Board Committee extends to monitoring the company's performance against established ESG benchmarks and reporting on this progress to the wider board and stakeholders. This regular reporting process helps to ensure that Dr. Reddy's remains accountable for its sustainability commitments and continues to strive for improvement in its ESG performance. With the support of this dedicated board committee, Dr. Reddy's Laboratories is well-positioned to navigate the complexities of the modern business environment while remaining true to its commitment to corporate responsibility and sustainability.