Among top 5 companies in the manufacturing sector
Mumbai, India; May 25, 2022: Cipla Limited (BSE: 500087; NSE: CIPLA EQ; and hereafter referred to as "Cipla") announced today that is has been rated ‘STRONG’ in the Sustainability Yearbook 2022 released by CRISIL, a leading rating agency in India. Based on the fiscal 2021 data, CRISIL analysed 586 companies across 53 sectors for over 350+ datapoints on Environment, Social and Governance (ESG) components for evaluation. Cipla is amongst the top 5 companies in the manufacturing sector and has the highest ESG score amongst peers in the pharmaceutical sector.
Commenting on the rating, Ms. Geena Malhotra, Global Chief Technology Officer who is spearheading Cipla’s ESG efforts said, “We are humbled and honored to receive this rank in CRISIL’s Sustainability report. It is a true testament to our relentless efforts and commitment towards sustainability which is embedded in our DNA at Cipla. Guided by our ethos of Caring for Life, we will continue to build sustainable solutions across markets for a healthier planet and society. It gives us great joy to be recognized for our efforts and we will continue to raise the bar going ahead.”
In 2021, Cipla was recognized among the top 30 companies under the Indian Corporate Governance Scorecard 2021 and ranked as one of the most sustainable companies in the Dow Jones Sustainability Emerging Markets Index. Cipla also won the prestigious Frost & Sullivan and TERI’s Sustainability 4.0 Award 2021 as “Challenger in Mega Large Business Pharma Sector”.
The company’s Global ESG positioning C.A.R.E: Championing Climate Positivity| Accelerating Community Well-being | Raising the Bar on Governance | Enhancing Access & Affordability is aimed at developing a holistic sustainability road map for the future. By 2025, Cipla plans to achieve carbon and water neutrality, zero-waste to landfill, anti-microbial resistance stewardship and green chemistry.