Sustainability: a life sciences perspective

by Anup Chakraborty, Somil Bharti and Mansha Dhingra

Driving sustainability in life sciences industry through digital technologies.

The need to implement sustainability in the life sciences industry has gained traction in recent times as the industry contributes significant amount of waste and greenhouse gases, apart from using huge volumes of water. There is also the need to rationalise high energy consumption and supply chain risks. Increased pricing regulations and need for access in low- and middle-income countries is yet another factor that is driving the importance toward building a sustainable healthcare eco-system.

Life sciences industry leaders clearly point towards the imperatives of sustainablity in business strategy. “Key to creating sustainable value and growth lies in partnering with multiple stakeholders ... We are more than ever committed to work in close collaboration with all global health actors to ensure medicines and diagnostics reach people who need them,” says Severin Schwan, CEO, Roche. "We are redoubling our efforts - increasing our investment in sustainability," says David A. Ricks, CEO, Eli Lilly. "Reviewed and rethought our corporate social responsibility strategy ... ‘new contract with society’ ... Embedded in Sanofi's long-term strategy, the company’s commitment is based on four essential pillars: access to medicines, support for 

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