Environment

Environmental protection and its improvement are at the core of sustainable development. With this in mind, the Company proactively works towards implementing initiatives to balance the environmental and business needs of the Company and the community around it. The Company has adopted and implemented international management systems such as ISO 14001 to mitigate environmental challenges arising due to daily operations. The Company's top management is committed towards environmental sustainability, considering which various policies have been adopted like – The Sustainability Policy, Climate Change Mitigation and Energy Conservation Policy, Environment, Health & Safety (EHS) Policy and Biodiversity Policy. Our Policies clearly delineate qualitative objectives and purpose and accordingly our company set quantitative targets on identified material ESG (Environmental, Social & Governance) issues and monitor them regularly and report their performance post third party verification in our annual sustainability reports prepared following GRI Standards. All our key environment and sustainability related company policies are available in below company website link: https://www.jubilantpharmova.com/sustainability/policies

The company is not only focusing on its own environmental performance improvement, but also environmental performance of its value chain partners, its suppliers, in particular. To this regard the company has laid down supplier’s code of conduct (CoC) and communicated to all its suppliers. The Company’s supplier’s sustainability policy requires all its Tier 1 critical suppliers to be assessed against their ESG (Environment, social & Governance) performance at least once by 2030 and any significant ESG risk identified during this assessment should be discussed and closed with a mutually agreed time frame. This policy also demands that all the procurement team members to be regularly trained in our supplier’s key ESG issues and all procumbent team members should undergo such training at least once by 2030. To meet our supply chain sustainability policy requirement our businesses have made it mandatory to include clauses on the environment, labor and human rights requirements into all our supplier’s contract or in PO at least. Our target is to achieve 100% by 2030 or earlier. The company follows and tries to adhere to all the norms required to fulfill PSCI compliance and do participate in PSCI assessment as and when requested by its customers. Also, as a policy, the Company and its subsidiaries do not use any conflict material (e.g. tin, tantalum, tungsten, gold) in any of its products. The Company & its subsidiaries do not use any palm and palm-based derivatives in its manufacturing process.

Policy-Led Environmental Performance

The company has prepared, communicated and implemented its EHS (Environment, health & safety) policy along with other relevant policies across the company. All such policies have clearly articulated qualitative objectives which are translated into quantitative targets against all relevant environment, social and governance related material issues for the Company. Performance against these ESG targets is monitored and reported in our annual third party assured sustainability reports.

Water Stewardship, Effluent Treatment and Zero Discharge

Being a Pharmaceutical Company, our manufacturing processes involve use of water. At the same time, the Company also deeply understands how critical this natural resource is to human life and ecosystems. Hence in line with our company Environment policy the company has put in place resources, systems to optimize our water consumption, maximize treated effluent recycle & reuse and minimize effluent discharge to the environment. Our Only API plant in India is zero discharge plant hence no possibility of discharge of any API to the environment from the manufacturing plant. However, the site is ISO 14001 certified and put in place treatment facilities to minimize API level in its treated effluent which is recycled and reused within the facility following the norms of the plant and local regulation as applicable. For further detail about systems in place, monitoring & measurement of the company performance on water & effluent please refer environmental impact section of our latest published 3rd party assured sustainability report available in company website (https://www.jubilantpharmova.com/sustainability/sustainability-report)

Air Emissions Management

Jubilant recognizes that air pollution has a direct impact on the environment and the surrounding community. Curbing air pollution is one of the key priorities and several necessary mitigation measures have been adopted. For further detail about systems in place, monitoring & measurement of the company performance on air pollution measures please refer environmental impact section of our latest published 3rd party assured sustainability report available in company website (https://www.jubilantpharmova.com/sustainability/sustainability-report)

Waste Management and Circular Economy

In line with company EHS policy, our businesses always strive to less use of hazardous material and reduce generation of both general waste and hazardous waste from its process. The policy has clearly delineated qualitative objectives to reduce and manage all wastes generated by the company and the Company has set quantitative target on minimizing of waste generation. There is dedicated personnel are responsible of sorting of different categories of waste and hazardous wastes and their disposal through authorised third parties in compliance to local regulation. There is regular environmental training conducted involving concerned employees who are trained on how to handle and manage and dispose different waste including hazardous wastes. Company always strives to eliminate use and release of POPs (Persistent Organic Pollutants), and waste associated with it, if any. For further detail about procedures and performance of our waste management systems, please refer out latest published third party assures sustainability report available in our company website.

Climate Change Mitigation

The Company understands the damage potential climate change can bring to our businesses with respect to scarcity of natural resources, Government policy changes, changes in market dynamics and many more. Keeping this in mind the company has developed, communicated and implemented its Climate change mitigation and energy conservation policy. In line with this policy company has put in place dedicated team to monitor and report continuously evolving climate change risk and company performance against it. The compensation of these key management members linked to progress of GHG reduction targets set by the Company. The company has time bound action plan to reduce its GHG emission and hence a time-bound action plan to transform into a low carbon business model. Our primary focus in achieving this low carbon business model is through use of more and more renewable energy sources in our overall energy mix, identify and implement more and more energy saving projects across our operations and monitoring and engaging with our suppliers to reduce scope 3 GHG emission at their end. Company allocates dedicated budgets for all these energy/ GHG reduction projects. The Company regularly conduct energy & carbon audits by third parties and report the performance in its BRSR and sustainability report. The company is committed to implement SBTi based absolute GHG emission reduction target. Though the company has not yet signed of SBTi based targets. But in the process of engaging SMEs/ third parties to assesses the road map, sign off and implement the SBTi based targets soon.

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