Envision Pharma Group
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:14,645 tCO2e
Scope 1 Emissions:13 tCO2e
Scope 2 Emissions:291 tCO2e
Scope 3 Emissions:14,341 tCO2e
Renewable Energy Share:5% (Scope 2)
Total Energy Consumption:977 MWh (Scope 1 and 2), 1800 MWh (estimated total including Scope 3.8)
ESG Focus Areas
- Envision’s people
- Diversity, equity, and inclusion
- Supply chain practices
- Climate action
- ESG disclosure and governance
- Community engagement
Environmental Achievements
- Decreased Scope 1 and 2 emissions by 53% from 2019 baseline
- Sydney office increased sourcing of green power from 47.8% to 100% in 2023
- Reduced energy use from offices by 42% from 2022 to 2023
Social Achievements
- 100% of hiring managers received training on diversity, equity, and inclusion
- 100% of employees had access to employee assistance programs and flexible work arrangements
- Launched a new intranet site for our EAP by locality
- Achieved a 3.9% median hourly gender pay gap in 2023
- Launched Menopause Employee Resource Group
- Launched first in-house multilingual training course
Governance Achievements
- Maintained ISO 27001, ISO 9001, and SOC 2 standard certifications
- Became a UN Global Compact participant
- Achieved a CDP climate action B rating
- Improved EcoVadis score to 56 (Bronze Medal)
- Improved CyberVadis score by 138 points to 884
- ESG Steering Committee formed
Climate Goals & Targets
Long-term Goals:
- Achieve CDP Score A for climate action questionnaire by 2030
- Procure 100% renewable electricity by 2030
Medium-term Goals:
- Achieve gender balance across senior teams by 2028
- Achieve 10% mean gender pay gap by 2030
- Develop processes, tools to support employees with neurodiversity by 2025
- 100% suppliers compliant with Supplier Code of Conduct by 2028
- Identify preferred suppliers based on ESG criteria by 2025
- Implement low or no-plastic options across suppliers’ products by end of 2025
- Achieve an EcoVadis score of 65 or above by 2027
- Reduce Scope 1 and 2 emissions 55% by 2030 from 2022 baseline
- Set Scope 3 targets and validate with SBTi by 2025
- Reduce business travel emissions by 10% by 2028
- Integrate climate-related risks into risk management by 2025
- Achieve a recycling rate of 50% by 2028
- Align to an environmental ISO by 2025
Short-term Goals:
- Establish an annual volunteering day by 2024
- Develop a community engagement plan by 2025
- Implement enterprise-level third-party management platform for supplier assessment by 2024
- Formalize ESG committee and disclose individual responsibilities by 2024
- Expand Employee Assistance Program by 2025
- 100% of employees to receive ESG training by 2025
- Implement living wage and employee rights policy by 2025
Environmental Challenges
- Scope 3 emissions increased since 2022 due to data availability and quality improvements
- Need to improve data quality for GHG emissions from operations
Mitigation Strategies
- Engaging suppliers on sustainability for Scope 3 emissions
- Enhancing ESG data quality
- Developing science-based targets for validation with SBTi
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Supplier Program (launching in 2024)
Climate-Related Risks & Opportunities
Physical Risks
- Temperature rises
- Increased frequency of heatwaves
- Changes in precipitation (droughts and flooding)
- More intense rainfall events
- Sea level rise
Transition Risks
- Policy and regulation changes
- Financial market shifts
- Changing customer and employee expectations
- Technological advancements
Reporting Standards
Frameworks Used: GRI, EcoVadis, CDP, SBTi, UN Global Compact
Certifications: ISO 27001, ISO 9001, SOC 2
Awards & Recognition
- EcoVadis Bronze Medal