Towards Sustainable Pharma: Assessing Contribution To Sustainable Development Goals (Sdgs) Of Leading Companies

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Dr. Mayuri Yadav
Dr. Priya Agashe
Dr. Prapti Dhanshetti
Dr. Prachi Pargoankar

Abstract





The pharmaceutical industry, vital for global health, faces increasing scrutiny for its environmental impacts. This research evaluates the environmental sustainability initiatives of five prominent pharmaceutical companies: AstraZeneca plc, Pfizer Inc, Merck & Co., Inc, STADA Arzneimittel AG, and Ultragenyx Pharmaceutical Inc. Drawing from credible sources such as Corporate Knights, Barron's, and Sustainalytics, the study assesses these companies' environmental performance, initiatives, and achievements. Objectives include investigating their contribution to Sustainable Development Goals (SDGs), comparing sustainability efforts, and providing recommendations for industry enhancement. This study evaluates the environmental sustainability practices of five leading pharmaceutical companies, aiming to investigate their SDG contribution, compare sustainability efforts, and propose recommendations for industry enhancement. Selected based on top sustainability lists, data for the five companies were collected from various sources including annual reports and sustainability reports. Evaluation criteria encompassed alignment with global sustainability goals, effectiveness, transparency, innovation, and commitment to improvement. While AstraZeneca, Pfizer, Merck, STADA, and Ultragenyx exhibit commendable efforts, further collaboration and innovation are imperative for addressing industry challenges. By implementing suggested recommendations, pharmaceutical companies can advance sustainability efforts for a healthier planet. AstraZeneca plc, Pfizer Inc, Merck & Co., Inc, STADA Arzneimittel AG, and Ultragenyx Pharmaceutical Inc are evaluated for their contributions to SDGs, emphasizing their commitment to environmental sustainability





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How to Cite
Dr. Mayuri Yadav, Dr. Priya Agashe, Dr. Prapti Dhanshetti, & Dr. Prachi Pargoankar. (2024). Towards Sustainable Pharma: Assessing Contribution To Sustainable Development Goals (Sdgs) Of Leading Companies. Educational Administration: Theory and Practice, 30(3), 2315–2320. https://doi.org/10.53555/kuey.v30i3.4613
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Articles
Author Biographies

Dr. Mayuri Yadav

 Assistant Professor, S.K.N Sinhgad School of Business Management, Pune. 

Dr. Priya Agashe

 Director, S.K.N Sinhgad School of Business Management, Pune. 

Dr. Prapti Dhanshetti

 Assistant Professor, S.K.N Sinhgad School of Business Management, Pune.

Dr. Prachi Pargoankar

 Director, Sinhgad Institute of Management. 

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