Dr Reddys Laboratories
Dr. Reddy's Laboratories, a prominent player in the global pharmaceutical industry, is headquartered in Hyderabad, India. Founded in 1984, the company has established itself as a leader in the development and manufacturing of a wide range of generic medications, active pharmaceutical ingredients (APIs), and proprietary products. With a strong presence in markets across North America, Europe, and Asia, Dr. Reddy's is committed to providing affordable healthcare solutions. The company’s core offerings include generic formulations, biosimilars, and over-the-counter products, distinguished by their quality and innovation. Dr. Reddy's has achieved significant milestones, including numerous product launches and strategic partnerships, solidifying its market position. Recognised for its commitment to sustainability and patient-centric approach, Dr. Reddy's Laboratories continues to make strides in enhancing global health outcomes.
DitchCarbon Score
How does Dr Reddys Laboratories's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Pharmaceutical Preparation Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Dr Reddys Laboratories's score of 81 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Dr Reddys Laboratories's reported carbon emissions
In 2023, Dr. Reddy's Laboratories reported total carbon emissions of approximately 1,272,939,000 kg CO2e, comprising 214,257,000 kg CO2e from Scope 1, 137,627,000 kg CO2e from Scope 2, and 921,055,000 kg CO2e from Scope 3 emissions. This represents a significant increase in Scope 3 emissions compared to previous years, highlighting the challenges in managing indirect emissions. The company has set ambitious climate commitments, aiming for a 55% reduction in overall carbon emissions by 2030, using FY2018 as the base year. Additionally, Dr. Reddy's Laboratories has committed to reducing Scope 1 and 2 greenhouse gas emissions by 50.2% per million USD revenue by FY2031, which translates to a 25% absolute reduction from a FY2021 baseline. For Scope 3 emissions, the target is a 12.3% reduction within the same timeframe. These targets align with industry standards and reflect Dr. Reddy's commitment to addressing climate change, as they aim to keep global warming well below 2°C. The company is actively working to enhance its sustainability practices and reduce its carbon footprint across all scopes of emissions.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 349,108,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 195,287,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 345,407,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Dr Reddys Laboratories is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
