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| EXECUTIVE SPEAK |
| MESSAGE FROM THE CHAIRMAN |
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| In the last couple of years, our sustainability paradigm evolved to integrate speed as a key parameter. While what we achieve continued to remain important, how soon we achieve it became equally important. |
| At Dr. Reddy's, there is now more emphasis on questioning the satisfactory. More stress is being laid on expediting triple bottom line outcomes. More urgency is being demonstrated on spreading good health. More certainty is being sought in achieving sustainable excellence in operations. |
| Sustainability for us is not just confined to being future ready, it is also about being present perfect. We've put the pedal to the metal and are enhancing the momentum of all our initiatives. |
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Accelerated Affordability
& Innovation |
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Reinforced
Responsibility |
'Accelerate' access to affordable and innovative medicines because good health can't wait', this purpose
resides at the heart of everything we
do and we are constantly ramping up our business bandwidth via
acquisitions, capacity expansions, capability building and R&D
investment. |
In FY14 & 15, 115 new products were launched across various parts
of the world and in FY15 our R&D
investments grew to ₹17.45 billion,
a 41% jump over the previous year. |
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| A global business rooted in Indian DNA, our commitment to give back to the society has only intensified. In the reporting period, as we revised our CSR policy in alignment with the Companies Act 2013, we also refined our CSR implementation approach.
We collaborated and engaged with more NGOs in order to reach out to more marginalised communities, further and faster. Our flagship programmes, 'School Improvement Programme (SIP)' which supports 27 schools covering 12,000 students, and 'Community Health Intervention Programme (CHIP)' which reaches out to 54 villages, saw accelerated outcomes. The dropout rate in SIP schools in Telangana has reduced to a marginal 1% as opposed to 8% in 2011, the year when SIP was flagged off. The Fixed Day Health Care Service under CHIP has also showed encouraging results in enhancing the health of mothers and children. |
| With an aim to translate our nation's rich demographic potential into reality, our livelihood programmes continued to impart skills which enhance the employability of disadvantaged youth, differently abled youth, and farmers. Through these programmes, we have reached out to over 3,34,000 people, till date. |
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Enhanced Resource
Efficiency |
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Quality
A Way of Life |
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Empowered
Employees |
| In the reporting year, we participated in the Carbon Disclosure Project (CDP) and emerged as the leader in the Healthcare segment in the Carbon Disclosure Leadership Index (CDLI) for FY15. |
| We are accelerating the use of green chemistry to reduce and/or eliminate generation of hazardous waste. We also doubled the results of our responsible solvent management programme. |
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| We are strengthening our capacities, both in terms of people and processes, to ensure consistent compliance with global quality standards. |
| Be it raw material sourcing, development, manufacturing or packaging, our commitment to quality remains steadfast across the product development life cycle. |
| We are embedding quality as a way of life by steering the Quality Management System right from top management, seeding the principles of Quality by Design across operations, adopting global benchmarking tools, institutionalising a series of self-checks and incorporating corrective measures. |
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| It is employees who inject life into an organisation. Taking care of their lives and ensuring their holistic development are therefore our utmost responsibilities. In FY14, 'Project Parivartan', our safety culture transformation drive, completed its
3-year journey. Our lost time injury frequency rate stood at a reduced
0.17 in FY14 vis-à-vis 0.55 in FY11. Also in FY15 we recorded zero fatality. Enhanced safety boosts concentration, confidence and commitment which in turn augments productivity. |
| We also introduced a host of additions in our HR policies to strengthen work-life balance and workplace diversity. In FY14, 33% of our campus recruits were women. |
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We are acutely aware that results are a manifestation of investments, commitments and strategies. To enhance the velocity of outcomes we have made large-scale investments
in capability building, supply chain excellence, 21st century manufacturing, resource
conservation and community care. We urge you to invest a little of your time, critically
analyse our sustainability performance and plans, and share with us your ideas and
recommendations on how we can reduce the wait for good health, for millions of our
brethren across the world. |
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Regards, |
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Satish Reddy |
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Chairman |
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