Scribd Logo
Upload

Welcome to Scribd!

  • 35 views

    Sun Pharmaceuticals LTD.: Company Name: By: Rahna Vijayan (PGP/23/350)

    Uploaded by

    Sharon Rodrigues
    Sun Pharmaceuticals is the fourth largest generic pharmaceutical company globally with over $4 billion in annual revenues. As the largest pharmaceutical company in India by market capitalization, Sun Pharma employs over 30,000 people across more than 100 countries. Since 2014, Sun Pharma has aligned its sustainability goals with UN SDGs and Indian government guidelines to focus on stakeholders like patients, communities, and the environment. While incurring losses in recent years, Sun Pharma has spent more than required on CSR initiatives, providing healthcare, disaster relief, and rural development programs benefiting over 6.5 million people across India.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Sun Pharmaceuticals LTD.: Company Name: By: Rahna Vijayan (PGP/23/350)

    Uploaded by

    Sharon Rodrigues
    35 views2 pages
    Sun Pharmaceuticals is the fourth largest generic pharmaceutical company globally with over $4 billion in annual revenues. As the largest pharmaceutical company in India by market capitalization, Sun Pharma employs over 30,000 people across more than 100 countries. Since 2014, Sun Pharma has aligned its sustainability goals with UN SDGs and Indian government guidelines to focus on stakeholders like patients, communities, and the environment. While incurring losses in recent years, Sun Pharma has spent more than required on CSR initiatives, providing healthcare, disaster relief, and rural development programs benefiting over 6.5 million people across India.

    Original Title

    SunPharma_350_Group10_SecF

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Sun Pharmaceuticals is the fourth largest generic pharmaceutical company globally with over $4 billion in annual revenues. As the largest pharmaceutical company in India by market capitalization, Sun Pharma employs over 30,000 people across more than 100 countries. Since 2014, Sun Pharma has aligned its sustainability goals with UN SDGs and Indian government guidelines to focus on stakeholders like patients, communities, and the environment. While incurring losses in recent years, Sun Pharma has spent more than required on CSR initiatives, providing healthcare, disaster relief, and rural development programs benefiting over 6.5 million people across India.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    35 views2 pages

    Sun Pharmaceuticals LTD.: Company Name: By: Rahna Vijayan (PGP/23/350)

    Uploaded by

    Sharon Rodrigues
    Sun Pharmaceuticals is the fourth largest generic pharmaceutical company globally with over $4 billion in annual revenues. As the largest pharmaceutical company in India by market capitalization, Sun Pharma employs over 30,000 people across more than 100 countries. Since 2014, Sun Pharma has aligned its sustainability goals with UN SDGs and Indian government guidelines to focus on stakeholders like patients, communities, and the environment. While incurring losses in recent years, Sun Pharma has spent more than required on CSR initiatives, providing healthcare, disaster relief, and rural development programs benefiting over 6.5 million people across India.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Company Name: Sun Pharmaceuticals Ltd.

    By: Rahna Vijayan (PGP/23/350)

    Sun Pharma is the fourth largest specialty generic pharmaceutical company in the
    world with global revenues of over US$ 4 billion, supported by more than 40
    manufacturing facilities, in more than 100 countries across the globe. Since 1983, Sun
    has grown to become the largest and most valuable pharmaceutical company in India
    (HQ-Mumbai, Maharashtra), by market capitalization. Their multicultural workforce,
    encompasses over 30,000 team members of more than 50 nationalities. From 2014 Sun
    Pharma has unified its sustainability goals into one cohesive model in accordance with
    SEBI’s proposed index and the nine principles of the Government of India’s ‘National
    Voluntary Guidelines on Social, Environmental and Economic Responsibilities of
    Business’, to focus their efforts towards all our stakeholders, be it patients, community,
    planet, shareholders, employees, etc. They also adhere to UN Sustainable
    Development Goals (SDGs), to end poverty, reduce inequalities, and tackle climate
    change by 2030.

    Although the company incurred loss in the last five financial years, it has spent more
    than the prescribed CSR budget in last five financial years. The company has spent
    huge amounts like 3.94 Cr (2018-19), 2.70 Cr (2017-18) and 2.41 Cr (2016-17) for
    sustainability initiatives. Sun Pharma’s social interventions for 2018-19 covered 12
    states across 3211 villages, touching lives of approximately 6.5 million people from
    culturally diverse communities especially in rural India, giving primary importance to the
    most marginalized sections of society.

    The company has undertaken various projects for promoting Healthcare in areas of
    Punjab and disaster relief for flood victims of Himachal Pradesh and Tamil Nadu. They
    have undertaken various activities such as installation of solar lights, installation of
    traffic signal lights, construction of community kitchen area in villages of Gujrat and
    Maharashtra under their rural development programme. Their initiative in alignment with
    the flagship Scheme of Gujarat Government, titled as “Sujalam Sufalam Yojana” which
    focuses on water conservation during rainy season and afforestation.

    Sun Pharma has been continuing their flagship sustainability initiative programme
    like Mobile medical units, sanitation programme, distribution of medicines to
    marginalized sections across various Indian villages, disaster relief works, rural
    infrastructure development, etc. over the analyzed years of 2016 till date. From the
    critical analysis of the selected sustainability reports of the company we can infer that
    the company is at a ‘Level 4’ integration of sustainability issues as they have only
    partially linked their CSR costs with their financial performance and not explicitly
    mentioned their benefits of CSR expenditure.

    You might also like