Climate Change Data

Aqua Bio Technology ASA

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Sustainability
  • ESG (Environmental, Social, and Governance)

Environmental Achievements

  • ABTs products represent a possibility for reduced environmental impact from cosmetics use, as they are natural and can replace products containing microplastics and environmentally harmful substances.

Social Achievements

  • Maintained a good working environment with minimal sick leave and no serious accidents.
  • Practiced equal pay for equal work regardless of gender, skin color, or citizenship.
  • Board consisted of two women and three men, reflecting gender balance among employees.

Governance Achievements

  • Followed principles of corporate governance in accordance with Norwegian recommendations and the Accounting Act § 3-3b.
  • Maintained transparency and open communication with stakeholders.

Climate Goals & Targets

Environmental Challenges

  • The COVID-19 pandemic caused delays in expected revenue and product deliveries.
  • Supply chain disruptions due to lockdowns in various parts of the world.
  • Challenges with production and shipping from New Zealand due to strict pandemic regulations.
Mitigation Strategies
  • Used the time during the pandemic to develop new products and brands.
  • Focused on establishing distribution agreements in Europe and the Nordic region.
  • Accelerated the plan to establish production of Moana Skincare and B Natural at DCP Dermoscience in Canada to mitigate New Zealand production challenges.

Supply Chain Management

Responsible Procurement
  • Focus on natural and organic ingredients

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: RSM Norge AS

Sustainable Products & Innovation

  • Aquabeautine XL
  • Seiðr
  • Seiðr Clinique
  • B Natural
  • Spirulysat