Our Approach
As a leader in the pharmaceutical sector, we are proud to be the first SME in India to set Science Based Targets initiative (SBTi) approved GHG emissions reduction targets.
Our commitment to enhancing life extends to safeguarding the environment by minimizing our ecological footprint throughout the entire product life cycle.
We actively monitor and control energy usage and GHG emissions while contributing to nature conservation through tree planting initiatives.
Materiality Assessment
We acknowledge the importance of materiality assessment in understanding the critical areas that significantly influence our business performance and stakeholder interests.
We conduct an extensive materiality assessment to gain insights into the key environmental issues that matter most to our stakeholders. We continue to focus on the material topics identified in the assessment.
Material Topics
We are concentrating our efforts on material topics that were identified during the materiality assessment. These topics continue to be of significant importance and serve as a guide for our actions in creating sustainable value for our stakeholders.
The material topics that are on focus include:
Our Goals
Emissions
Target Set:
ESPI commits to reduce scope 1 and scope 2 GHG emissions 42% by 2030 from a 2021 base year, and to measure and reduce its scope 3 emissions. This target has been approved by the SBTi.
*Note: This target has been set for Espi Industries & Chemicals Private Limited and not for Deepti Formulations Private Limited.
Current State:
| Year | Target Emission (tCO2e) | Actual Emission (tCO2e) |
|---|---|---|
| Jan-Dec 2021 | 1288 | 1273 |
| Jan-Dec 2022 | 1228 | 1065 |
| Jan-Dec 2023 | 1168 | 872 |
| Jan-Dec 2024 | 1108 | 900 |
Energy
Target Set:
ESPI commits to increase its renewable electricity share to 30% by 2025 from a 2022 base year.
Current State:
| Year | Share of RE - Target (%) | Share of RE - Actual (%) |
|---|---|---|
| Jan-Dec 2022 | 19% | 19% |
| Jan-Dec 2023 | 22.67% | 23% |
| Jan-Dec 2024 | 26.34% | 25% |
Important Links
Discover our commitment to sustainability through transparent environmental policies and insightful reports. We’re dedicated to reducing our ecological impact, outlining initiatives, achievements, and ongoing efforts in our journey towards a greener, more sustainable future.
Sustainability Partnership
We acknowledge the valuable role Sprih has played in advancing our sustainability journey at Espi Industries & Chemicals. As our carbon management and accounting partner, Sprih has provided the expertise, tools, and insights essential to strengthening our emissions tracking, setting science-based targets, and enhancing the accuracy of our environmental reporting. Their support has been instrumental in driving data-driven decision-making, enabling us to align with global standards and accelerate our progress toward a low-carbon future.
Learn more about Sprih at www.sprih.com