Diversity and Inclusion: Key Focus in Orchid Pharma’s FY 2023-24 Sustainability Report

Orchid Pharma Limited has filed the Business Responsibility and Sustainability Report for the financial year 2023–24, stating its commitment to ethical practices, welfare of employees, engagement with stakeholders, environmental sustainability, diversity, and community outreach. The report was submitted both to NSE and BSE, evidencing Orchid Pharma's commitment to adhering to the regulatory requirements, coupled with a sense of commitment to transparency. Corporate governance and ethical practice In light of the aforesaid, the report has focused on the maintenance of high standards of corporate governance and ethical practices in Orchid Pharma. The company adheres to the regulations of SEBI and proves its commitment to transparency and accountability. These measures are very important in terms of building trust with investors, customers, and other stakeholders. Employee Welfare and Health Initiatives Much of the report is dedicated to employee welfare. Orchid Pharma has evolved an integrated health and safety program so that the working environment for all its employees is healthy and safe. It includes provisions for full health insurance coverage and also entails adherence to stringent safety measures. This, in turn, is very vital for personnel retention and enhancement of their productivity levels. Stakeholder Engagement and Communication Orchid Pharma has recognized frequent and continuous communication with investors, customers, and other stakeholders as an integral part of the stakeholder engagement strategy of the entity. Strong relationships are important for the organization, and the organization makes all necessary efforts to address issues amicably of the stakeholders concerned. Continuous communication always serves to uphold transparency and builds a sense of trust and cooperation. Environmental Sustainability and Waste Management Orchid Pharma has a deep commitment to environmental sustainability. The report elaborates on the institutions and practices of the company in sustainability and, more so, in waste management. Further, it plans to conduct life cycle assessments that will help the company further reduce its ecological impact, thus demonstrating the responsibility of preserving natural resources and protecting the environment for future generations. Diversity and inclusion initiatives Orchid Pharma also considers promoting a diverse and inclusive workforce to be an area of prime importance. It has initiated several initiatives to increase diversity within the company. The corporate reason for creating an inclusive workplace can be described as ensuring better performance of the organization and making every employee feel respected and valued. Corporate Social Responsibility and Community Outreach The commitment of Orchid Pharma to community engagement through its various CSR activities is very evident. These initiatives have been supporting the communities where it operates and thus significantly contribute to its enhanced corporate image. Active community involvement brings goodwill to Orchid Pharma, building strong relations with the communities it serves. Future Growth and Strategic Focus Looking ahead, Orchid Pharma has set the strategic agenda toward product line and market reach expansion. This would be through proactive initiatives to drive sustainable growth and create long-term value for stakeholders. How the company lays focus on sustainability and responsible business practices helps the future growth of the business. Conclusion The Business Responsibility and Sustainability Report of Orchid Pharma Limited for FY 2023-24 resonates with the company's unwavering commitment to ethical governance, welfare of employees, engagement with stakeholders, environmental sustainability, diversity, and community support. Orchid Pharma aspires to achieve every regulative benchmark in its corporate journey, where transparency lies at the very heart of sustainable and inclusive development. Source: BRSR Credit: Orchid Pharma