At Laurus Labs, our unwavering commitment to community well-being centers around health, education, and environmental sustainability. We believe that fostering sustainability in these key areas is integral to the long-term enhancement of our communities and plays a vital role in overall economic growth.

Sustainability Report 2022-2023

ESG Data Book - FY223

We trust that providing sustenance in education, health and environment will have lasting benefits on our communities and we constantly strive towards achieving that goal. We also recognize the importance of social welfare causes on the overall economic growth.

Sustainability Report 2021-2022

ESG Data Book - FY221

Fostering Future Generations

At Laurus, we are deeply committed to uplifting the well-being of children within our communities. As part of this initiative, Laurus Labs takes on the financial responsibility for students from low-income backgrounds and meritorious girls, ensuring the uninterrupted continuity of their education. To promote professional education, we have established institutional offerings in Engineering, Nursing, and Management curriculums.

Our commitment extends to the adoption of girls' hostels and degree colleges in surrounding communities, where we undertake the construction or renovation of accommodation facilities, providing essential sanitation. Furthermore, we strive to elevate educational standards by constructing new educational buildings, particularly to support children from remote villages.

In our continuous effort toward creating healthier societies, we provide financial support to economically disadvantaged children with pediatric heart disease through various charities such as Hrudaya Heart Foundation (Star Hospitals) and Pure Little Hearts Foundation (Rainbow Hospitals).

Our collaboration with the Red Cross Society has led to sponsoring the opening of a Thalassemia center in Vishakhapatnam, providing crucial blood transfusions to those in need.

Recognizing the importance of mental health in children, we've partnered with the civil society organization Sankalp for "Project Pants," an initiative conducting awareness sessions on child sexual abuse (CSA) for children, teachers, parents, and various stakeholders from government and private schools.

We also support the younger generation in pursuing their dreams in competitive sports by promoting and developing sports activities in nearby villages, conducting tournaments in sports like Football, Kabaddi, and Cricket. Merit-based sponsorships are provided, enabling young sports enthusiasts like Sneha Singh, currently ranked India No. 1 in the Women Professional Golf Tour (WGAI) for the Season 2023, to compete at the international level.

Environmental Sustainability

At Laurus Labs, we go beyond merely minimizing the impact of our business operations on the environment. Our commitment extends to achieving positive environmental sustainability through dedicated Corporate Social Responsibility (CSR) efforts.

We have undertaken green belt development initiatives in surrounding communities, organizing plantation drives to promote biodiversity. Additionally, we conduct sensitization programs on Environment Management and pollution control. Our initiatives include restoring mined-out lands through reforestation, planting fruit-producing saplings, supporting animal husbandry, and focusing on sanitation projects for overall environmental benefit.

Through these efforts, we strive to leave a lasting positive impact on the environment, fostering sustainability for future generations.

Community Well-being

In a dynamic world like ours, we believe in providing self or gainful employment opportunities. As a part of that commitment, Laurus Labs has introduced Training of Rural Youth for Self-Employment (TRYSEM), a program which empowers youth by training them on Welding, Fabrication, and other Electronic appliances.

Laurus Labs supports villagers with small patches of land to engage in mushroom farming, medicinal plants, and other cash crops, making them economically dependent on their available land resources. Collaborating with the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), we provide grants for crop research to help farmers achieve higher yields and disease-resistant variants.

As part of women's empowerment, we organize training programs for women in tailoring, embroidery, home foods/fast foods, pickles, painting, and interior decoration. Social development is sustainable only when basic needs are met, and at Laurus Labs, we work towards providing energy by electrifying villages and developing infrastructural facilities for providing electricity through solar as an alternative renewable energy source. We've set up RO treatment plants to provide clean drinking water in neighboring schools and villages.

To further these causes, Laurus Labs is in the initial stages of planning to establish a skill development center that will support youth, women, and men in developing necessary skills for sustenance.

Initiatives

Laurus Labs was able to demonstrate a significant commitment to CSR activities across various sectors. The highest expenditure is on healthcare initiatives, followed by education, environmental sustainability, and sports promotion. By investing in these areas, Laurus Labs is actively fulfilling its corporate social responsibility and contributing to the wellbeing of society. The total expenditure on CSR initiatives is ` 17.90 crores.

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Promoting Healthcare

Laurus Labs has undertaken various initiatives to promote healthcare, including support to organisations such as Sparsh Hospice Centre, Mohan Foundation, Thalassemia Transfusion Centre for Red Cross Society India, Hyderabad Eye Institute, Lions Cancer Hospital, and Society for Aid Hearing.

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Promoting Education

Laurus Labs has focused on promoting education through activities like supporting school teachers' salaries, providing stipends to students at Gitam University and Krishna University, and contributing to projects like Connect to Andhra and the modification of schools in Moguluru.

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Promoting Sports

Laurus Labs has made a contribution to golf sports sponsorship.