Cipla pledges support to ‘Terra Carta’, for a sustainable future

Mumbai: Cipla has pledged support to ‘Terra Carta’, a landmark charter that has been drawn up to put sustainability at the heart of the private sector. The charter is part of HRH The Prince of Wales’ Sustainable Markets Initiative that was launched in Davos in 2020, with founding partners such as Bank of America, HSBC, BP, and NatWest among others.

Since its launch in January 2021, the initiative has received support from 223 private sector organizations and 21 professional associations. Cipla is one of the five Indian companies and the only Indian pharmaceutical company to participate.

While continuing to achieve its own environmental, social, and governance (ESG) goals, Cipla would also have the opportunity to drive ESG discourse within the sector and at a regional level. At the same time, the initiative would allow participating organizations to cross-learn from one another.

Mr Umang Vohra, MD and Global CEO, Cipla said “Achieving sustainable and equitable growth is one of the greatest challenges and the need of this century. The pandemic has shown what can be achieved with the power of the collective, and the healthcare and the pharma sector has been at the forefront of it. I commend HRH Prince of Wales for leading Terra Carta and bringing together business leaders on Agenda 2030. We are committed to contributing to these goals and look forward to working alongside other sectors and business leaders”.

Cipla has been championing its ESG agenda towards developing a holistic sustainability road map for the future. Since FY19, Cipla has added 48 MW of solar energy portfolio through various initiatives such as an on-site rooftop or ground-mounted solar under the RESCO model, a third-party solar open-access power purchase agreement, and a group captive solar open access project. The Company recently set up a 30 MW solar group captive project spread across 11 acres in Tuljapur, Maharashtra, making it one of the largest solar open access projects in the state set up by a corporate. By 2025, Cipla plans to achieve carbon and water neutrality, zero-waste to landfill, anti-microbial resistance stewardship, and green chemistry.