Bengaluru, November 27, 2024 – Granules India Limited, a leading global pharmaceutical company, has received validation and approval from the Science Based Targets initiative (SBTi) for its near-term, long-term, and net-zero goals.

These targets, aligned with the 1.5°C pathway, set Granules apart as one of the select Indian pharmaceutical companies with SBTi-validated targets under the initiative’s new guidelines. Granules’ goals are notable for their comprehensive scope and ambition.

Granules India Limited has committed to achieving net-zero greenhouse gas (GHG) emissions across its value chain, including all subsidiaries, by FY2050. In the near term, the company targets a 42% reduction in absolute Scope 1 and 2 emissions and Scope 3 emissions by FY2030, using FY2023 as the baseline, alongside transitioning to 100% renewable electricity. These near-term and long-term targets are aligned with the 1.5°C pathway, emphasizing Granules’ dedication to ambitious climate action and achieving net-zero well before FY2050.

Speaking about this milestone, Dr Krishna Prasad Chigurupati, Chairman & Managing Director of Granules Limited, said, “Sustainability lies at the core of our decision-making and business strategy, as articulated in our purpose statement: healing lives responsibly through pioneering green science. I am proud that Granules has received SBTi validation and approval for our near-term and long-term goals, aligned with the 1.5°C pathway toward net-zero by 2050 or sooner. This milestone strengthens our commitment to accelerate decarbonization, integrate these targets across our operations and supply chain, and drive progress through collaboration and innovation.”

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Mr. Sarmad brings over three decades of experience in global climate policy and sustainable development. He is the Vice-Chair of the Green House Gas (GHG) Protocol Steering Committee and the former Deputy Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC). In his tenure at the UNFCCC (2017-2023), he played an instrumental role in shaping key international climate agreements, including the completion of the Paris Agreement implementation guidelines, the finalization of Article 6 at the Glasgow Climate Summit, and the establishment of the Loss & Damage Fund at COP27 in Sharm El-Sheikh. Prior to his leadership at the UNFCCC, Mr. Sarmad held various senior roles with the International Organization for Migration (IOM), including Chief of Staff and Director of Resources Management, from 1990 to 2017.

In his advisory capacity, Mr. Sarmad will guide Granules in advancing its environmental and sustainability strategy, helping the company navigate the complex landscape of climate action and corporate responsibility. Granules believes that Mr. Sarmad’s extensive experience in global climate policy, coupled with his leadership in key initiatives such as the GHG Protocol, will be instrumental in driving the company’s long-term sustainability goals.

Granules India Limited is confident that Mr. Sarmad’s deep knowledge of global climate policy and sustainability, combined with his leadership experience, will significantly strengthen the company’s sustainability initiatives and drive its mission to promote sustainable practices across its operations.

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Bengaluru, 15 November 2024 – Granules India Limited, a leading pharmaceutical company, is thrilled to announce that it has received the Golden Peacock Award for Sustainability. This esteemed award was presented at the Institute of Directors’ Annual Global Convention on Corporate Governance & Sustainability being held in London, UK, and underscores Granules’ dedication to sustainable practices within the pharmaceutical industry.

The post Granules India Limited Honoured with Golden Peacock Award for Sustainability, Setting New Standards in Environmental Responsibility appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.