During the year, the Stakeholders Relationship Committee of the Board was given additional responsibility for oversight of Environment, Social and Governance (ESG) reporting in the Company. An ESG Council was formed, chaired by the Managing Director and Chief Executive Officer, to shape and deliver the ESG strategy. As a first step, our first Syngene ESG Report was published, providing an opportunity to showcase activity in fiscal year 2020-21 on sustainability-related issues such as energy and water use, waste management; social topics related to the workforce, employment conditions and community engagement; and governance activity in the Company and in the supply chain. The report is available on the Company website at Syngene (syngeneintl.com)."
"Syngene, through regular engagement with specific external stakeholders, regulatory authorities and industrial associations, plays an active role in influencing public policies. While the Company may share its expertise to help in the formulation of public policy, it does not directly engage in lobbying or advocacy activities and hence, does not have a specific policy for this purpose [...] The governance related to Business Responsibility policies is implemented and reviewed periodically by the Executive Committee, with oversight from the Stakeholders Relationship and ESG Committee of the Board. [...] Yes, Stakeholders Relationship and ESG Committee is responsible for decision making on sustainability related issues. In addition, the Risk Management Committee also assesses risks pertaining to certain principles of BR as identified by Committee.