Dr. Reddy releases first 'Sustainability Report'

Dr Reddy's Laboratories today released its first 'Sustainability Report' for the financial year 2003 -2004.

This is a voluntary initiative and is part of the company's continuing efforts to establish global benchmarks in corporate governance.

The sustainability report details the economic, environmental and social dimensions of the company. Last year, Dr Reddy's had published its first Safety, Health and Environment (SHE) report.

Commenting on the release of the report, G V Prasad, chief executive officer of Dr Reddy's, said, "We believe that an organisation has to perform well on all the three dimensions of performance "" economic, social and environmental - to achieve sustainable growth and success. As a company, we are fully committed to the principles of sustainability. The publication of this report is a reflection of our commitment to voluntary "" as opposed to mandatory "" corporate transparency."

The report details the various initiatives and activities of the company as a responsible corporate, in the community, as a global citizen, its commitment to protecting stakeholder interests, and in contributing to broader societal goals.

This report has been presented in line with the reporting guidelines recommended by the Global Reporting Initiative.

As per the global reporting initiative database, there are about 624 companies worldwide, which currently publish sustainability reports, of which 10 are Indian. Dr Reddy's is among a select group of companies in the healthcare sector worldwide to publish a sustainability report.