Cipla announced that it has been awarded as a ‘Challenger in Mega Large Business Pharma Sector’ by Frost & Sullivan and Teri’s Sustainability 4.0 Awards. The award is a testimony to Cipla’s continuous efforts in the Environment, Social, and Governance (ESG) space as a leader in the pharma industry. The company has been selected from a list of 50 reputed companies nominated for this award.
A joint initiative by Frost & Sullivan and Teri, the Sustainability Awards in its 12th edition evaluated companies from several sectors to understand the linkages between an organization’s strategy, governance, and financial performance and the social, environmental, and economic context within which it operates. The companies were evaluated through a comprehensive, in-depth assessment process that included a sustainability framework of 300 points each for purpose, partnership, planet, and people.
Cipla is recognized for its sustainability agenda
In this edition of the awards, the assessment also included ‘Sustainability Analytics’ to evaluate how companies effectively use analytics in their sustainability management. It assessed the existing maturity of companies in three aspects – Effective Data Collection, Usage of Smart Analytical Tools, and End-to-End Visibility in the value chain.
Sharing her thoughts on this award, Geena Malhotra, global chief technology officer at Cipla, said, “We are humbled to have been selected amongst well-known companies across the pharma sector for this coveted award. Sustainability is at the core of Cipla, and it brings us immense pride to see that our efforts and commitment towards the company’s sustainability agenda is being recognized. We have miles to go in this journey that we have embarked upon, however, since the start, we have aimed to be purposeful in all our endeavors. This recognition reflects the combined efforts put together by several teams working on the environmental, social, and governance aspects of our goals. We will always continue to contribute to the Sustainable Development Goals (SDGs) through products, processes, and philanthropic activities that place our stakeholders at the heart of value creation.”