In Its Sustainability Report, Natco Pharma Targets 35% Renewable Energy by 2035
- Muhammad Ahmad
- Dec 11, 2024
- 2 min read
Natco Pharma to increase renewable energy use from 25.8% to 35% by 2035 and achieve carbon neutrality by 2050
Natco Pharma's 2023-24 sustainability report highlights key achievements
Natco reports 25.8% electricity from renewable sources and 90.87% waste recycling in FY 23-24.
New targets include 35% renewable energy integration by 2035 and achieving net zero emissions by 2050.
Community health, employee safety, and eco-conscious manufacturing practices remain top priorities.
In its 2023-24 Sustainability Report, Natco Pharma Limited detailed its sustainability progress and set ambitious future goals. Currently sourcing 25.8% of its electricity from renewable sources, Natco plans to enhance this to 35% by 2035. The company also commits to achieving carbon neutrality across all operations by 2050, emphasizing responsible business practices, employee safety, and community welfare.
These commitments are essential not only to address climate challenges but also to align with global sustainability standards. By fostering innovation and eco-conscious practices, Natco reinforces its pharmaceutical leadership while contributing to environmental preservation and community development.
Technical Focus
India's renewable energy sector is rapidly expanding, with over 175 GW capacity as of 2024. Pharma companies like Natco are leveraging this growth to integrate sustainable energy into their operations. With the government's support for green initiatives, adopting renewable energy sources is viable and cost-effective.
Natco's report also highlights key achievements in waste management, with 90.87% of total waste recycled and zero waste sent to landfills at its Mekaguda facility. "We are committed to creating value for our stakeholders while ensuring environmental stewardship," said Sri V.C. Nannapaneni, Chairman of Natco Pharma.
Looking ahead, Natco will focus on scaling renewable energy projects and refining its environmental management practices to align with its long-term goals. The company continues to demonstrate that sustainable development is a cornerstone of its corporate strategy.
