Healthcare cos get 18 per cent energy from renewable sources: EY-CII report

67 per cent Indian healthcare companies have set up ESG board committees, 53 per cent pledge to sustainable sourcing

Highlighting a significant stride towards environmental responsibility, the latest report from EY and CII reveals that over half of Indian healthcare firms have embraced zero liquid discharge and implemented sustainable sourcing practices as part of their environmental, social and governance (ESG) commitments.

Titled ‘How can sustainability and ESG be the microscope and telescope in the Indian healthcare sector’, the report underscores a noteworthy surge in renewable energy adoption and sustainable sourcing practices, indicative of a heightened awareness of environmental impact.

The EY – CII report analysed 15 listed healthcare service provider companies pan India, spanning hospitals, health care providers, and diagnostic labs.

The report delves into over 1200 key performance indicators (KPIs) to provide valuable insights into ESG practices within the sector. These findings underscore the industry’s dedication to sustainability and responsible business practices, reflecting a collective effort to foster positive change.

As per the report,  18 per cent of the energy utilised by healthcare providers now stems from renewable sources, signalling a progressive shift towards renewable energy adoption.

Additionally, 61 per cent of inputs employed by these companies are sustainably sourced, underscoring a concerted drive towards responsible procurement practices. 53 per cent of companies have also implemented zero liquid discharge (ZLD).

On diversity and inclusion, the healthcare care has 41 per cent of the female employees and 22 per cent female representation on company boards. Furthermore, over 67 per cent of the companies have established ESG committees, highlighting a proactive approach towards governance and sustainability initiatives within the sector.