Alkem Laboratories Ltd

Common Name
Alkem Laboratories
Country
India
Sector
Healthcare
Industry
Drug Manufacturers - Specialty & Generic
Employees
18,785
Ticker
ALKEM
Exchange
NATIONAL STOCK EXCHANGE OF INDIA
Description
Alkem Laboratories Ltd. operates as a prominent pharmaceutical company based in India. The primary function of Alkem Laboratories is the development, manufacture, and distribution of a wide range of p...

Alkem Laboratories's Climate Target Data Preview

As of 2024, Alkem Laboratories has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Alkem Laboratories ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2033
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Alkem Laboratories’s Climate Targets Data

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a. Alkem Laboratories's Sustainability Report 2024
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Insights into Alkem Laboratories's Greenhouse Gas Emissions Pathways

As of 2024, Alkem Laboratories has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does Alkem Laboratories have a target to reduce the emissions from its operations?

As of 2024, Alkem Laboratories has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Alkem Laboratories's most ambitious operational target is to reduce these emissions by 42% by 2033, compared to a baseline of 94,275 Metric Tonnes of CO2 equivalent (mtCO2e) in 2023. a

Instead of reducing operational emissions, Alkem Laboratories has increased them, with 2024 levels exceeding those of the 2023 baseline, placing the company well behind its reduction target. a

Alkem Laboratories's Operational (Scope 1+2) Emissions Pathway

202320242033030 k60 k90 k120 kCurrent (+8%)Target 2033 (-42%)
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