- Fire incident at Puducherry facility resulting in a loss of ₹62.5 Crores and 2 fatalities.
- One-time provisioning of ₹202.6 Crores, including Covid-19 inventory.
- Losses due to provisions for inventories of discontinued tail-end products.
- Stiff competition, limited R&D investments, price fluctuations, and stringent pollution control regulations.
Solara Active Pharma Sciences Limited
Greenhouse gas emissions & sustainability report data
In its 2023-24 reporting, Solara Active Pharma Sciences Limited disclosed greenhouse gas emissions of 77.1K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 33.5K tCO2e/year; Scope 2: 43.6K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
77.1K tCO2e/year (Scope 1 & 2)
2023-24
Renewable Energy
39%
of total energy
Water Usage
388.0K KL/year
2023-24
Waste
34.3K tons/year
2023-24
📊 Emissions by Scope (2023-24)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 33.5K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 43.6K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-24 | 77.1K tCO2e/year (Scope 1 & 2) |
| 2022-2023 | 37.24 tCO2e/Cr. Rupees (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Increased renewable energy usage from 27% to 39% by FY24 (from FY21 baseline).
- 5 out of 8 units achieved Zero Liquid Discharge (ZLD) status.
- Reduced freshwater consumption by 3.1% in FY24 over FY21-22 baseline.
- Reduced waste disposal to landfill to 69.2% and incinerable waste to 49.7% in FY24 from FY21-22 baseline.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase renewable energy usage to 40% by FY25 (from FY21 baseline).
- Reduce freshwater usage by 15% by 2025 (from FY21-22 baseline).
- Reduce waste disposal to landfill by 20% by 2025 (from FY21-22 baseline).
- Reduce incinerable waste by 15% by 2025 (from FY21-22 baseline).
🌱 ESG Focus Areas
EnvironmentSocialGovernance