Dr Reddy’s Laboratories Ltd, together with its subsidiaries, announced that the Science Based Targets initiative (SBTi) has formally validated its Net Zero commitment. Under the approval, the company has pledged to achieve Net Zero emissions across its entire value chain by FY2045, reinforcing its alignment with global climate science.
Near-Term and Long-Term Emissions Reduction Targets
In the near term, Dr Reddy’s will significantly reduce its operational and value-chain emissions. Using FY2023 as the base year, the company plans to cut absolute Scope 1 and Scope 2 emissions by 80% by FY2030. At the same time, it aims to reduce Scope 3 emissions by 51.6% per INR value added within the same timeframe. Looking further ahead, Dr Reddy’s has committed to achieving a 90% absolute reduction across Scope 1, 2, and 3 emissions by FY2045, underscoring its long-term climate ambition.
Industry Leadership in Net Zero Commitments
Notably, Dr Reddy’s is currently the only Indian pharmaceutical company to commit to an SBTi-approved Net Zero target with a FY2045 timeline. This milestone positions the company as a climate leader within the domestic pharmaceutical sector and among global peers.
Building on Earlier Climate Action
The company first announced its near-term SBTi-aligned targets in 2020. Since then, sustained progress and evolving global climate expectations have prompted Dr Reddy’s to strengthen its approach. As a result, the company has now adopted a comprehensive Net Zero strategy in line with the latest SBTi guidelines.
Operational Progress and Leadership Perspective
Sanjay Sharma, Global Head of Operations and Chief Human Resources Officer, emphasized that sustainability has long been central to the company’s identity. He stated that the FY2045 Net Zero ambition reflects both responsibility and scientific rigor, while also raising the benchmark for the pharmaceutical industry.
As reported by themachinemaker.com, Dr Reddy’s continues to make tangible operational progress. The company remains on track to eliminate coal and furnace oil from its operations by the end of FY2026. In addition, it sourced 68% of its electricity from renewable energy in FY2025, highlighting steady momentum toward its climate goals.
