110+ years of making science work for people
  1. Sustainability
  2. Materiality Assessment

We recognize the importance of harmony between stakeholders and our business operations. It is important for us to work and deliver on the similar priorities that are relevant to our stakeholders. We used survey method to identify the material topics by assessing significant impact of our operations on economy, environment, and people, including impacts on human rights. Our identified material topics prominently affect us and our stakeholders as well. We understand significance of positive impacts created by us when we align our activities and business relationships accordingly.

Process of materiality assesstment at Alembic

We have conducted a comprehensive materiality assessment process, and have received 675 responses to our materiality assessment survey from our key stakeholder groups such as employees, suppliers, customers, industry associations, company leadership and government. Our process of material topics identification and assessment is illustrated below:

Identification of potential material topics from the universe by sectoral and industrial considerations.

01

Engagement with key stakeholdes on selected topics through materiality assessment survey

02

Enagaement with relevant stakeholders by collaborated approach to analyse different risks and opportunities

03

Prioritising the material topics by Board and anagement approvals and plotting materiality matrix

04

Materiality Matrix

  • We identified 18 material topics relevant to different aspects of our business including human resources, investor relations, procurement, and product development. We devised mitigation measures against by categorizing the material topics into very high priority, high priority and medium priority.
  • Our materiality matrix is drawn by considering the ‘Impact on Organization’ on horizontal axis (X-axis) and ‘Influence on Stakeholder’ on vertical axis (Y-axis), where the material topics are plotted relevantly.
Quality. One destination. Two paths.
Very High Priority
  1. Product Quality and Safety
  2. Availability and Affordability of Medicines
  3. Business Ethics and Corporate Governance
  4. Human Resource Development
  5. Water Management
  6. Waste Management
  7. Pharmacovigilance
High Priority
  1. Sustainable Supply Chain
  2. Climate Change & GHG Emissions
  3. Energy Management
  4. Employee Health and Safety
  5. Clinical Trial Conduct
  6. Digital Business Model & Digitisation
  7. R&D Innovation
  8. Resilient Business Performance
  9. Community Engagement
Medium Priority
  1. Human Rights
  2. Biodiversity