Laurus Labs
Laurus Labs Limited, commonly referred to as Laurus Labs, is a prominent player in the pharmaceutical industry, headquartered in Hyderabad, India. Founded in 2005, the company has established itself as a leader in the development and manufacturing of active pharmaceutical ingredients (APIs), generic formulations, and contract research services. With a strong focus on high-quality production, Laurus Labs offers a diverse portfolio that includes antiretroviral, oncology, and cardiovascular products, setting itself apart through its commitment to innovation and regulatory compliance. The company has achieved significant milestones, including multiple approvals from global regulatory authorities, which solidify its market position. Recognised for its robust research and development capabilities, Laurus Labs continues to expand its operational footprint across various regions, contributing to its reputation as a trusted partner in the pharmaceutical sector.
DitchCarbon Score
How does Laurus Labs'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 Medical Device 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
Laurus Labs's score of 27 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Laurus Labs's reported carbon emissions
In 2023, Laurus Labs reported total carbon emissions of approximately 341,309,000 kg CO2e, comprising 182,215,000 kg CO2e from Scope 1, 159,094,000 kg CO2e from Scope 2, and 73,322,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting, with data disclosed across all three scopes. The company has shown a significant reduction in emissions intensity, achieving a Scope 1 and 2 emission intensity of about 1.3e-07 kg CO2e per rupee of turnover, adjusted for Purchasing Power Parity (PPP). In 2022, their total emissions were approximately 360,398,000 kg CO2e, indicating a slight decrease in emissions in 2023 despite an increase in revenue. Laurus Labs has committed to near-term climate targets, although they have not set a net-zero target as of now. Their ongoing efforts in emissions reduction are aligned with industry standards in the pharmaceuticals, biotechnology, and life sciences sector. The company continues to focus on improving energy efficiency and reducing greenhouse gas emissions as part of its sustainability initiatives.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 68,321,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 248,303,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Laurus Labs is committed to some reduction initiatives 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.
