Aurolab

About

• Industry: Pharmaceutical Manufacturing
• Company: Private
• Number of Employees: 1,000
• Headquarter: Madurai, India
• Global Presence: 160+ Countries
• ESG Needs: GRI, GHG (Scope 1, 2, 3), ESG Data Mangement Platform

Company Overview

Aurolab, a vital part of the Aravind Eye Care System, is a leading manufacturer of high-quality ophthalmic consumables, including Intraocular Lenses, Surgical Sutures, Pharmaceutical Products, Surgical Blades, and Equipment.

With a global presence spanning 160+ countries, Aurolab plays a crucial role in improving eye care accessibility, with key markets across India, Africa, Latin America, Central America, and Southeast Asia.

Committed to Environmental, Social, and Governance (ESG) principles, Aurolab integrates sustainable practices into its operations, ensuring long-term environmental responsibility and social impact while maintaining the highest standards of quality and innovation.

Project Overview

As part of its commitment to sustainability, Aurolab launched an ESG-focused initiative to enhance its environmental and social impact while ensuring regulatory compliance. The primary objective was to develop a comprehensive Sustainability Report aligned with Global Reporting Initiative (GRI) standards.

This initiative aimed to increase transparency, elevate brand reputation, and effectively communicate Aurolab’s sustainability efforts to stakeholders. Oren played a pivotal role in this process, leveraging its Oren Sustainability Hub to streamline data collection and develop a well-structured, fully designed Sustainability Report.

Key Challenges

• Limited In-house ESG Expertise: Without a dedicated ESG team, Aurolab required external support to develop a structured reporting strategy and ensure compliance with Global Reporting Initiative (GRI) standards.
• Inconsistent Data Collection:The absence of standardized ESG and GHG data collection processes across multiple locations created challenges in maintaining data accuracy and consistency.
• Complex Data Aggregation: Integrating diverse datasets from various departments while ensuring alignment with GRI reporting standards required a robust and efficient data management solution.

Oren’s Solutions

Oren collaborated with Aurolab to overcome key ESG challenges through a structured and technology-driven approach:

• Development and Design of the Sustainability Report: Oren took full ownership of creating and designing Aurolab’s Sustainability Report, ensuring complete alignment with Global Reporting Initiative (GRI) standards.
• Centralised ESG & GHG Data Management: Leveraging the Oren Sustainability Hub, Oren streamlined ESG and GHG data collection, enhancing accuracy, consistency, and efficiency across all reporting processes.
• Comprehensive Employee Training: To ensure effective data collection, Oren conducted department-wise training sessions, equipping Aurolab’s employees with the skills to utilize the Oren Sustainability Hub with precision and consistency.
• Rigorous Data Validation: Oren established robust data validation protocols, cross-referencing input data against bills, documents, SOPs, and policies to ensure the integrity and reliability of the sustainability data presented in the report.

Achieved Outcomes

• Successful Completion of the Sustainability Report: Oren developed and designed Aurolab’s Sustainability Report, ensuring full compliance with Global Reporting Initiative (GRI) standards. This significantly enhanced corporate transparency and regulatory compliance.
• Optimised ESG & GHG Data Collection: By implementing the Oren Sustainability Hub, Aurolab streamlined data collection across multiple departments, improving the quality, accuracy, and reliability of GHG accounting and ESG reporting.

Through its collaboration with Oren, Aurolab has built a strong foundation for ESG excellence. This partnership has not only enabled Aurolab to achieve its current sustainability goals but has also positioned the company for long-term growth and leadership in responsible business practices.