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AGENDA
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IIM RAIPUR
01-09-2013
COMPANY DETAILS
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generics, branded generic pharmaceuticals and Active Pharmaceutical Ingredients (APIs). Taken over by Japanese drug major Daiichi Sankyo in June 2008 Revenue $2.3 billion Diverse product basket of over 5,000 SKUs. Headquartered at Gurgaon (Haryana) with a presence in over 125 countries Around 12000 employees World-class manufacturing facilities in 7 countries. Products: Cefaclor, Cephalexin, Amoxycillin
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essentials of corporate DNA Reaching out to the underserved rural communities and helping them overcome their challenges is central to Ranbaxy's CSR philosophy Included in the Asia Pacific Index of the Dow Jones Sustainability Indices and FTSE4 Good Global Index for two consecutive years. Karmayog rating 2/5
Key CSR Areas:
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Environment al Impact
Employee skills
Company Productivity
Education
Worker Safety
People Health
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Honest dealings with suppliers are essential to cultivate mutually beneficial lasting relationships. Reasonable profits for Suppliers
Employee skills
Company Productivity
Education
Worker Safety
People Health
Supply Access and Viability KPI Suppliers legal compliance and ethical performance should be made a criteria for selection. Measure could be relevant ISO certifications Fair trade: Transparency in trade proper documentation should be made a priority Quality management Stable supply and steady delivery times
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EMPLOYEE SKILLS
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Employee skills
Recruitment based on skills and values. Less focus on sustainability in training and recruitment Employee skills & benefits KPI Worker turnover Absenteeism rate Increased competence level for employees Employee satisfaction survey Gender ratio and diversity ratio
Company Productivity
Education
Worker Safety
People Health
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WORKER SAFETY
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Employee skills
Company Productivity
Education
Worker Safety
Road safety initiative to educate employees, contractors and the local community on positive road behaviour. Emergency preparedness Additionally, a safety audit by The National Safety Council was conducted during the year at our Mohali API manufacturing facility. Extensive safety training programs, both by internal as well as external specialists
People Health
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workers Total number of leave because of occupational side-effects Compliance to standard safety equipments and processes according to international standards
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PEOPLE HEALTH
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Supply Access and Viability
Employee skills
Company Productivity
Worker Safety
Education
People Health
A novel idea of providing mobile health care outreach service for the poor and underprivileged was initiated. The program today benefits nearly 2 lakh people in 77 rural and urban slum areas in Punjab, Haryana, Himachal Pradesh, Madhya Pradesh and Delhi. Six well equipped mobile health care vans with teams of medics and paramedics The company initiated Ranbaxy Sanjeevan Swasthya Sewa, a public private partnership between the Punjab State government during 2010. The issues addressed include maternalchild health, family planning, reproductive health, adolescent health, health education and AIDS awareness.
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Employee skills
Company Productivity
Education
Worker Safety
People Health
Significant decrease in child mortality by addressing issues like low birth weight, pneumonia, diarrhoea, lack of new born care and management of obstetrical emergencies. Working hand in hand with the Government and other voluntary agencies to address issues like HIV/AIDS, tuberculosis, malaria and female foeticide. Partnerships with reputed national organisations like the Rajiv Gandhi Foundation, Voluntary Health Association of Punjab and the Society for Service to Voluntary Agencies for important projects on Reproductive Child Health and HIV/AIDS.
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Access to essential medicines. Affordability of essential medicines. KPIs Infant and maternal mortality rate Free consultations offered at RCHS Number of RCHS established Quantity of Medicines and vaccinations administered aptly through urban family welfare centers
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Employee skills
Two stage initiative under RCHS: RCHS Medical officers were trained to train the dais Training of dais' from the community was done in the second phase. Established community based local groups like health committees, women groups and other interactive groups like dais, anganwari workers, volunteers, adolescents and breast-feeding support groups
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Company Productivity
Education
Worker Safety
People Health
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Employee skills
Company Productivity
Worker Safety
Education
People Health
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Rewards excellence in medical and pharmaceutical sciences Research awards to 5 Indians Conference on topics like cancer, urban health etc Channelizes national and international knowledge in finding cures for diseases, afflicting mankind. Working on the anti-malaria collaborative research project since May 2003 drug that is safe and effective, but also affordable SYNIRAM priced at 130 for three tablets Efforts to make quality anti-HIV generics- better and wider access
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EDUCATION KPI
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ENVIRONMENTAL IMPACT
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Employee skills
Company Productivity
Worker Safety
Education
People Health
In the process of continual improvement in EHS performance aimed at minimizing risks. Employed Environment, Health and Safety Management System (EHSMS) as a global framework to standardize the EHS processes and practices . All the equipments and infrastructure for environmental management are in conformity with regulatory standards . Innovative 'Green Technologies' like the Heat Pump, the Refrigeration Chiller , were deployed in recent projects at the Baddi Dosage Form (DF) site, in Himachal Pradesh.
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Company Productivity
Education
Worker Safety
People Health
Working proactively to acquire ISO 14001 certification in the recognition that its plants have a substantial environmental impact. Environmental auditing Internal auditing Evaluations by ISO audit organizations Environmental audits per formed by the environmental management department (CSR Department) Environmental accounting Initiatives on biodiversity: use of natural resources status of efforts to comply with the Cartagena Protocol
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ENVIRONMENT KPI
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Emissions to air
Environment Committee All animal experiments conducted by the R&D Division are reviewed by the
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CORPORATE GOVERNANCE
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code of ethics ensures ethical integrity, reliability and transparency and trust with the shareholders Reporting and disclosures Audits External and Internal Risk assessment Legal compliances Code of conduct
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and CSR Division (who enforces the compliance rules throughout the company). Compliance training Compliance training is proactively provided to employees and training content changes with respect to regional rules and regulations. Since fiscal 2010, each department, section or group as a unit has to identify the compliance risks presumed to be latent in its workplace, holding discussions to select the most important risks and taking into account the likelihood of each risk and its impact. Actions are taken to decimate such risks by the concerned departments. The Compliance newsletter intranet portal, which introduces our compliance activities and describes difficult cases Whistleblower system Each group company provides reporting channels for whistleblower, such as hotline or e-mail
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A survey can be conducted to understand the employees understanding of the core values of the company and its commitment to sustainability. Average of respondents answers as to whether social and environmental issues are important for the future of the company. Average of respondents answers as to whether management demonstrates in words and action that they live up to our Values. Percent of fulfilment of action points planned arising from facilitations of the management values. Average of respondents answers as to whether there is Organisational support for and understanding of responsible business practices.
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POINTS TO PONDER.....
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Is Synriam.- the new anti malarial drug really an act of CSR ?? Ranbaxy claims
that it has spent invested $30 million to develop this drug. The fixed dosage drug is first of its kind DNA report by Priyanka Golikeri reports that the drug is arterolane maleate + piperaquine phosphate. Ciplas anti malarial drug is also an FDC and a combination of two other drugs, also pioneered FDC in HIV The drug was invented by a doctor at university of Nebraska, Ranbaxy entered at the time of clinical trials- Not much work in R&D by Ranbaxy Major cost of any drug : clinical trials which has been covered by DST ( deptt of science &technology)
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economies of scale Though the price of drug is just 130, but the number of new malaria cases in the world every year is estimated to be at around 250 million. OTC drugs, Medical representatives US drug Lipitor case Import ban on 30 drugs Expiration date Medical Waste disposal
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Daiichi Sankyo Group Corporate conduct Charter (based on the principles of the United Nations Global Compact) in October last year. This Charter is used as the basis for the practices of all Group companies.
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CSR
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Mission:
Enriching lives globally with affordable and quality pharmaceuticals Vision Achieving customer satisfaction is valuable to our business. Provide products and services of highest quality Practice dignity and equity in relationship and provide opportunities for our people to reach their full potential Ensure profitable growth and enhance wealth of shareholders Foster mutually beneficial relations with all our business partners. Manage our operations with high concern for safety and environment. Be a responsible corporate citizen.
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CSR OR CSV??
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Preserving the planet while improving the quality of life for its
current and future inhabitants As defined by Ranbaxy : No proper definition Focus on sustainability of the hybrid business model Possible indicators Market share Market growth Revenue stream
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DEVELOPING NATIONS Growth rate of 15 % as compared to 5 % for developed countries Rising incomes Large prevalence of cardio vascular diseases and malaria Need for affordable drugs
DEVELOPED NATIONS Aging populations Faltering economic growth Efforts to curb medical and pharmaceutical costs Standards for determining the safety and Efficacy of pharmaceutical products are growing more stringent Hurdles for development of new drugs are getting higher.
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CORPORATE CHARACTERISTICS
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LOW IMPACT
REGENERATIV E RANBAXY BUTTERFLY
HIGH IMPACT
HONEYBEES
DEGENERATIV E
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LOCUSTS CATERPILLARS
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RECOMMENDATIONS
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already received certification. Audit in terms of waste management is required Measures on water, energy conservation Renewable energy are needed Pursue green purchasing from vendors Further penetration into developing markets Focus on distribution networks to reduce costs. The benefits of reduced costs can be transferred to consumers. More stakeholder relation oriented approaches-Requires change in mindset to go from production to co-creation. Public disclosure of CSR budget
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RECOMMENDATIONS CONTD.
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Patents The company should support lifting TRIPS restrictions on the export of generic versions of patented medicines to developing countries where a patent is not in force, in line with the Doha Declaration. The company should disclose to shareholders its lobbying position on patents and expenditure on such lobbying Joint Public Private Initiatives (JPPIs) The company should ensure that its JPPIs state objectives to integrate with and strengthen national health systems, and report on their impact.
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THANK YOU
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