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Sun Pharma BRR
Sun Pharma BRR
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BUSINESS
RESPONSIBILITY REPORT
MESSAGE FROM THE DIRECTOR’S DESK Employee Wellness
Corporates around the world are witnessing a paradigm Our most valuable asset is our multi-cultural team. With a
shift in conducting business as usual. And the global strength of 30,000+ employees, we invest our energy in
pharmaceutical industry, that touches innumerable engaging, nurturing and motivating them to grow. In FY16,
lives, is no exception to this reality. In such a scenario, we increased our investments in training and development
business models must be willing to manage the emerging of workforce. We are also inculcating in our team, the value
expectations of a wider set of stakeholders and address of responsible growth. This ensures that each one of them
evolving priorities across the triple bottom-line. serves the community and protects the environment, while
performing their roles.
At Sun Pharma, we have always believed in growing at the
intersection of business health, environmental stewardship, Environment Wellness
community wellbeing and stakeholder satisfaction. An all-inclusive EHS (Environment, Health and Safety) policy
is in place to ensure a safe environment in the workplace
So while we take pride of expanding our global footprint and a better environment in the world. Technology-based
and maximising shareholder returns, what gives us genuine differentiations in our energy efficiency initiatives rival those
satisfaction is the fact that we are making medicines more in our products. In FY16, 1.15 million kWh of green energy
accessible and affordable. While we retain our leadership was generated. ‘Zero Liquid Discharge’ is the norm in many of
status in speciality generics industry with relentless zeal, our plants, while the remaining plants are leading towards it.
what we fiercely guard are our values and our commitment
to put patients first. Community Wellness
We leverage the intrinsic nature of our business to further
We assume equal responsibility to all our stakeholders – be the cause of healthcare and care for patients across the
it patients, healthcare professionals, community, planet, economic strata. While making medicines which are more
regulatory bodies, suppliers, distributors, employees, or accessible and affordable is our role, we also up the ante
shareholders. by offering certain medicines free of cost to the socially
challenged.
Though social responsibility and environmental stewardship
was practiced at Sun Pharma since the company came Beyond our medicines, we are also investing in community
into existence, three years ago we integrated all these healthcare infrastructure, quality education, water &
components in one interconnected model based on the sanitation, and livelihoods. We undertake various local-
National Voluntary Guidelines (NVG). level community programmes based on the needs of the
residents. One among our spearhead CSR programs, is our
This advanced our efforts and allied them to national goals. ‘livelihood training model’ where we empower people with
We continued to expand our CSR ambit, both by spearheading employment-oriented skills. In FY16, we offered livelihood
strategic, long-term projects such as the setup of a 450-bed, training to 200+ people.
state-of-the-art Cancer Hospital as well as pressing into action
need-specific interventions like providing relief to flood victims This Business Responsibility Report (BRR) is a summary of
of Kanchipuram District. As did we enhance the quality of life of our endeavours. I welcome your feedback on this report, as
our communities, so did we reduce our dependence on scarce your insights will only help us to enhance our triple bottom-
resources by implementing Clean Development Mechanism line performance.
(CDM) projects at our operations and continued to share value
with our employees in terms of growth and developmental Regards,
opportunities.
Sudhir V. Valia
As we further our growth journey, this new model is truly Whole-time Director
empowering us to accelerate our sustainability initiatives
and outcomes.
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—— ANNUAL REPORT 2015-16
SUN PHARMACEUTICAL INDUSTRIES LIMITED
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SECTION D: BR INFORMATION
1 a. Details of the Director / Directors responsible for implementation of the BR (Business Responsibility)
policy / policies
# DIN Number 5561
# Name Mr. Sudhir V. Valia
# Designation Whole-time Director
b. Details of the BR head
# DIN Number (if applicable) Mr. Sudhir V. Valia, Whole-time Director of Sun Pharma,
# Name oversees the BR implementation. However the Company
does not have a BR head as of now
# Designation
# Telephone number
# E-mail id
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—— ANNUAL REPORT 2015-16
SUN PHARMACEUTICAL INDUSTRIES LIMITED
3 Governance related to BR
1 Indicate the frequency with which the Board of Directors, Annual
Committee of the Board or CEO assess the BR performance of
the Company? Within 3 months, 3-6 months, Annually, More
than 1 year
2 Does the Company publish a BR or a Sustainability Report? The BR report for FY16 can be accessed through
What is the hyperlink for viewing this report? How frequently it the link: http://www.sunpharma.com/pdflist/all-
is published? documents. It is published annually
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PRINCIPLE 1: ETHICS, TRANSPARENCY AND affordable and accessible, by adopting equitable and
ACCOUNTABILITY sustainable practices.
All successful and sustainable companies have one thing in
common – good governance practices. At Sun Pharma, our More Power to Patients
governance is grounded on the foundation of ethics and It is a travesty of our times that the balm of medicine is
driven by principled leaders as well as robust mechanisms, burning the hole in our pockets. As a leading pharmaceutical
policies and processes, ensuring high standards of company, we consider it our responsibility to make quality
transparency and accountability. This has not just helped us healthcare solutions more affordable and accessible.
gain shareholder trust and market leadership, but also fulfil
our responsibility towards the employees, communities and Our product agenda continues to be ‘more the affordability
the environment. of our products, more is our reachability to the patients’.
Key principles of our corporate governance philosophy: We also distribute some of our critical life-saving products
High levels of transparency at no cost, to those in need. Three such products that have
Accountability broken the affordability and accessibility barrier are:
Consistent value systems
Delegation of responsibility across all facets of Rilutor (Riluzole)
operations Used for treating Amyotrophic Lateral Sclerosis (a life
threatening disease), this product is distributed free of cost
Key enablers to ensure consistent implementation of these to all patients.
principles:
Decitabine
Leadership An enabler to oncology therapy, it is available at a significant
Our Directors bring forth a wealth of experience and discount compared to innovator’s price.
entrepreneurship, steering the company towards
sustainable growth consistent with our values of integrity Istavel
and accountability. A diabetes care drug, it is available at a significant discount,
compared to global price.
Board Committees
Dedicated board committees are in place which are led by More Power to People
the top management to oversee core areas of governance. While alleviating the physical distress through our products,
we also focus on elevating the socio-economical stress in
Code of Conduct & Policy the neighbouring communities by sourcing local material
We enable our employees to thrive through fair means and labour wherever possible. This optimises logistics,
detailed in our code of conduct. Along with the code, considerably reducing the carbon footprint.
various policies on significant subjects are designed to
cover all areas of operations. To ensure that we do not compromise on quality, we invest
a lot in upgrading our local suppliers in terms of technical
We are continuously and consistently raising the bar on our skills and quality parameters. Their capabilities and
commitment to the best benchmarks of governance. capacities are also spruced up by offering advances or short
term credits.
We also actively solicit feedback from all our stakeholders
on our business conduct, and keep our code and policies Our facilities at Ahmednagar, Panoli and Sikkim have
updated. In this reporting year, we received 11 stakeholder identified and encouraged various such local vendors.
concerns, all of which have been resolved.
More Power to the Planet
PRINCIPLE 2: PRODUCT LIFE CYCLE SUSTAINABILITY Nature sustains life; it must be nurtured for a better quality of
Being in the business of healthcare, well-being of patients is life. We are committed to cultivate a culture of conservation in
our first priority. At the same time, we are equally committed our operations and continue to enhance our manufacturing
to ensure well-being of our neighbourhood community processes through the lens of eco-efficiency. For more details
and the environment. We continue to make our products regarding this, please refer Principle 6 of this report.
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—— ANNUAL REPORT 2015-16
SUN PHARMACEUTICAL INDUSTRIES LIMITED
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‘Inclusivity’, ‘accountability’ and ‘responsibility’ are three Our all-encompassing Human Rights Policy covering various
ingredients of our engagement formula that creates principles ranging from freedom of association to freedom
and sustains, a winning chemistry between us and our from harassment, applied across our operations is testimony
stakeholders. to our commitment.
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—— ANNUAL REPORT 2015-16
SUN PHARMACEUTICAL INDUSTRIES LIMITED
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As of 31st March, 2016, there were no pending notices from Beyond Medicines
pollution control boards. Over and above providing medicines, we implement CSR
programmes to benefit the community on a sustained basis
PRINCIPLE 7 : POLICY ADVOCACY and in priority areas. Our endeavours broadly focus on:
In order to usher in a positive change in the society, it is
imperative to have a consistent dialogue with those who Healthcare | Quality Education | Infrastructure & Rural
play a large role in shaping public policies. Our agenda of Development | Access to Safe Water & Sanitation | Disaster
participation in public policy advocacy is centred on making Relief
healthcare affordable for all.
Healthcare Projects
Leveraging our leadership position, we share insights and Cancer Hospital
provide detailed inputs to key decision makers in planning With the objective of offering comprehensive cancer
better policies for the patients. We also learn from the best treatment to patients of a wider cross section, we started
practices of others. Along with collaborations with various the National Cancer Institute at Nagpur, Maharashtra in
trade and industry associations, we are also members of: conjunction with Dr. Abaji Thatte Seva Aur Anusandhan
Indian Drug Manufacturing Association Sansthan.
Indian Pharmaceutical Alliance
Bombay Chamber of Commerce A 450-bed hospital, supported with a cost of ` 80 million
Confederation of Indian Industry this year, it will benefit approx. 0.6 million patients every year
Pharmaceuticals Export Promotion Council of India with cancer treatment and related benefits.
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—— ANNUAL REPORT 2015-16
SUN PHARMACEUTICAL INDUSTRIES LIMITED
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Active Engagement
Spread globally, our customers span 150 countries and 6 continents. Our customer engagement therefore involves multiple
channels.
Give Take
isclose detailed information for all our products, which also
D ain consistent feedback from customers and
G
complies with all applicable labelling codes and specifications immediately address the issues, if any. In the reporting
year, no formal survey was carried out, but our medical
eal with customers in a transparent and ethical
D
representatives continued to seek suggestions in
manner, eliminating any form of miscommunication or
person, from doctors and pharmacists. Our ‘Customer
misunderstanding. Our Code of Conduct also guides our
Centricity Policy’ also directs our employees to be
employees while engaging with customers
receptive towards customer’s needs and concerns.
Our integrity towards transparency can be comprehended A comprehensive quality management system is in
from the fact that in the last seven years, no material case place to keep an all-inclusive and updated database of
has been filed against Sun Pharma by any stakeholder, unfortunate events. Both healthcare and non-healthcare
regarding dishonest trade practices or irresponsible stakeholders can access the ‘adverse impact reporting
advertising. form’ from our website. The reporting person's identity is
kept confidential and is diligently protected to encourage
Product Safety free and fair feedback. After filtering the feedback received,
The nature of our business makes it imperative for us the information is used for the systematic benefit-risk ratio
to view quality not only as a differentiator, but also as assessment of the medicine.
an elementary feature of our products. We have thus,
incorporated pharmaco-vigilance SOPs to methodically Specialty Healthcare
examine, detect and gauge any adverse effects which With spiralling cost of quality healthcare, it has become
may arise in or due to our products. This system results increasingly difficult for people to take the advantage of the
in the elimination of misfortunes at the initial phase itself. advent of new cures and medicines. Although the need for
Being a customer-centric company as well as a global specialty medicines has increased with improving mortality
pharmaceutical leader, we keep pushing the envelope rates, its affordability has reduced. That is the area we are
further in terms of product safety throughout our value- focusing our energies on.
chain, with unrelenting vigilance of our R&D experts playing
their part.
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