Stock Report

Biocon Enters Prestigious Dow Jones Sustainability Emerging Markets Index



Posted On : 2021-12-01 17:29:32( TIMEZONE : IST )

Biocon Ltd (BSE code: 532523, NSE: BIOCON), an innovation-led global biopharmaceuticals company, today announced it has been selected to be in the Dow Jones Sustainability Index (DJSI) in the Emerging Markets (EM) category for its progressive Environmental, Social and Governance (ESG) practices, which underscore its commitment to the larger goal of sustainable development.

Biocon made a formal submission for Corporate Sustainability Assessment for its listing on the DJSI for the first time this year and made it to the DJSI EM Index with a Total Sustainability Score of 45 as against an industry average of 18, achieving a 93rd percentile position.

It is among the Top 15 companies from India and one of the 12 companies from the Pharmaceuticals, Biotechnology & Life Sciences sectors to be featured in the index for 2021. A total of 360 Indian companies were invited to participate in DJSI in 2021.

Sustainability has been among Biocon's topmost priorities since inception and both Biocon and Biocon Biologics are committed to provide insights into their ESG performance to their stakeholders.

Kiran Mazumdar-Shaw, Executive Chairperson, Biocon and Biocon Biologics, said, "Our business purpose is focused on delivering health equity by providing affordable access to life saving and essential medicines to patients across the world. Our entry in the DJSI Emerging Markets Index is a testimony to our responsible and sustainable business practices and our philosophy of putting equity and equality at the center of everything we do. The DJSI Index provides an important yardstick for Biocon and Biocon Biologics to measure sustainability performance and continuously improve reporting on ESG to address the growing interest of our global stakeholders."

At Biocon and Biocon Biologics we have made a conscious effort to integrate environmental, social and governance agenda into the core of our business.

As a leading global biopharmaceuticals company serving millions of patients worldwide every year, Biocon is committed to lowering the cost of life-saving therapies to bring them within the reach of people who need them the most. Our philosophy of unconditional equity extends beyond research and development of innovative therapies for patients to ensuring the well-being of people, partners, customers, shareholders, local communities and the ecosystem at large.

Our operations have been designed to enable environmental sustainability with a low carbon footprint, complete recycling of wastewater and maximum use of green power. We are committed to diversity and inclusion at the workplace and are consistently endeavoring to create a collaborative and empowering work culture, in pursuit of building businesses that make a meaningful social impact. We have established globally benchmarked standards of governance to build an environment of trust, transparency and accountability.

Shares of Biocon Limited was last trading in BSE at Rs. 371.25 as compared to the previous close of Rs. 360.30. The total number of shares traded during the day was 112432 in over 2743 trades.

The stock hit an intraday high of Rs. 373.80 and intraday low of 358.20. The net turnover during the day was Rs. 40936605.00.

Source : Equity Bulls

Keywords

BioconLimited INE376G01013 BIOCON Biotechnology ESG DJSI EmergingMarkets