Science in Sport plc
Climate Impact & Sustainability Data (2010-12 to 2013-03)
Reporting Period: 2010-12 to 2013-03
Environmental Metrics
Social Achievements
- Awarded Tesco 2013 Healthcare Category Supplier of the Year
Governance Achievements
- Intends to comply with the UK Corporate Governance Code
- Established audit, remuneration and nomination committees
Environmental Challenges
- Reliance on key customers (top 10 account for 65% of revenue)
- Risk of faulty or contaminated products
- Reliance on brand ambassadors and elite athletes
- Risk of banned substances in products
- Substantial revenue from UK sales (87% in 2013)
- Potential disruption from demerger
- Increased costs after demerger
- Operational risks at Nelson Facility (potential subsidence)
- Potential future legislative restrictions
- Reliance on key personnel
- VAT liability on sports nutrition products
- Risks associated with overseas expansion
- Risks associated with future acquisitions
- Competition from larger companies
- Commodity pricing risk
Mitigation Strategies
- Expand retail outlets and e-commerce sales
- Control measures and systems for safety and quality
- Associate with athletes of high integrity
- Stringent banned substance regime
- Explore international markets
- Develop own support functions
- Identify alternative manufacturing facilities
- Monitor competitor advertising
- Develop strategies to manage non-climate risks
- Invest in marketing, sales, and direct selling
- Develop and implement its own support functions
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Tesco 2013 Healthcare Category Supplier of the Year