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