ESG Challenges in the Pharmaceutical Industry: Indoco Remedies

26 October, 2023

Key Takeaways :

• Company Overview: Indoco Remedies Limited is a Mumbai-based pharmaceutical company founded in 1947 with a focus on diverse therapeutic sectors.
• ESG Reporting Challenges: Indoco encountered obstacles in decentralized data management, missing classifications, and data validation for ESG reporting.
• Solutions: Partnering with Oren, Indoco produced a comprehensive Business Responsibility and Sustainability Report (BRSR), automating ESG data management.
• Outcome: Indoco's inaugural BRSR aligns with SEBI's mandates, showcasing its commitment to sustainability in the pharmaceutical industry.
• Oren's Role: Oren facilitated Indoco's ESG reporting journey, offering maturity assessments and policy solutions.