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The PE Venture Fund required an Environmental & Social Due Diligence to be conducted of potential investments in accordance with their Environmental & Social Management System. The target company was a leading industry focussed on development and production of APIs, pharmaceutical intermediates and specialty chemicals with five manufacturing facilities across Telangana and Andhra Pradesh. EMC was contacted as an independent environmental and social consultant to perform the due diligence as per the reference framework that included assessing compliance with national and state legal requirements on environment, occupational health & safety, labour & working conditions, community health & safety; IFC Performance Standards; and World Bank Group’s Environmental Health and Safety Guidelines forPharmaceuticals and Biotechnology Manufacturing. The assessment was carried out through discussions with senior management, audit visits to all five facilities, interactions with facility managers and shop floor personnel, and review of documents and records to draw conclusions. An action plan was prepared with prioritization of actions from which some were stipulated as conditions precedent to investment by the Venture Fund.

Environmental & Social Due Diligence of a Specialty Chemicals Manufacturing Company
Environmental &...
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Environmental & Social Due Diligence of a Specialty Chemicals Manufacturing Company