ESG Report and Ecovadis Rating for Unsion
Pharmaceutical Private Limited

Introduction

Unison Pharmaceuticals is one of the fastest-growing companies in the pharmaceutical sector, with over 40 years of operating experience they are committed to providing world-class quality medicines, their mission is to ensure that even the marginally deprived section of society can access affordable healthcare solutions. A fundamental principle of consistency and sustainable growth drives the company’s success. In their latest efforts, Unison Pharmaceuticals is committed to showcasing the sustainability initiatives, they've implemented over the years through their maiden ESG Report. 

To achieve this, they partnered with NEPRA Environmental Solution Private Limited (NEPRA), a full-stack sustainability company, to develop their first ESG report and update their EcoVadis rating. The scope of work includes ESG reporting under the Global Reporting Initiative (GRI) guidelines, widely recognized worldwide, and updation in the EcoVadis rating for the 2023-2024 reporting year, reflecting their sustainability performance across key EcoVadis themes

Challenge

The client wants to showcase the Sustainability initiatives through the comprehensive maiden ESG report. The report should reflect the company's progress and vision to all their stakeholder give a firm belief and build trust in the company's sustainability operations. The Company has a presence in an Ecovadis rating platform that showcases the Sustainability rating across Ecovadis themes. The challenge is to upgrade their ratings in the platform and seamlessly integrate their ESG report with Ecovadis ratings. This integration will ultimately lead to a more detailed and impactful ESG report.

Our Approach

To meet the client’s demand, we deployed a structured methodology for the ecovadis rating enhancement task and  ESG Reporting. Our goal is to curate a comprehensive ESG report that effectively establishes a linkage with the EcoVadis rating, ensuring a cohesive representation of the company's sustainability efforts.

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IEC Engagements & Assessment

  • We organize workshops, training sessions and disseminate Information, Education, and Communication (IEC) materials to reinforce key sustainability messages
  • We review the existing EcoVadis assessment results to identify strengths and weaknesses across the four EcoVadis themes.

Desk Review & Gap Analysis 

  • We conducted a detailed desk review of the company’s existing sustainability policies, reports, and practices against EcoVadis criteria.
  • We performed a gap analysis to benchmark current practices against the Global Reporting Initiative (GRI) standards and EcoVadis rating criteria themes(Environment, Labor & Human Rights, Ethics, Sustainable Procurement) that are hindering higher scores..
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Stakeholder Engagements and Materiality

  • We prioritize the issues that are material to the company’s strategic goals and stakeholder expectations. 
  • We collaborated with essential stakeholders, such as plant heads  and technical experts to delineate Unison's organizational and operational boundaries.

Data Collection and Collation 

  • We identified key data points required for comprehensive ESG reporting and EcoVadis assessment.
  • We collected data across various departments and operations, ensuring accuracy and completeness. 
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ESG Advisory & Strategy Building Support

  • We develop recommendations for improving sustainability practices, reporting, and overall ESG strategy.
  • We develop new policies and strengthen existing ones to address gaps, focusing on areas such as environmental management, ethical practices, and sustainable procurement. 
  • We ensure the strategy is aligned with global standards and integrates with the company’s overall business strategy. 

ESG Reporting and Ecovadis Rating

  • We compiled and analyzed all gathered data to create an ESG report that aligns with GRI standards and highlights the company’s progress on key sustainability metrics.
  • We integrate the ESG report with the EcoVadis rating to present a unified view of the company’s sustainability performance.
  • We submitted the updated EcoVadis gap analysis and assessment to ensure an accurate representation of the company’s sustainability performance with all necessary data and documentation.

    • The approach covers the entire process from stakeholder engagement to the final ESG report, ensuring that our approach contributes to the overall goal of enhancing the company’s sustainability practices and EcoVadis rating.

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Results

  • Enhanced ESG Integration and Performance : Established a solid foundation for integrating ESG practices into daily operations, improving the company’s EcoVadis rating, and driving sustainable growth.
  • Strategic Stakeholder Engagement : Strengthened stakeholder commitment to sustainability goals by focusing on material ESG issues and actions with the greatest business impact.
  • Comprehensive Data-Driven Insights : Developed a well-organized dataset and expert-driven strategies to support detailed ESG reporting and continuous improvement in sustainability practices
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