Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity & Inclusion
• Sustainability

Environmental Achievements

• Launched CelluSmart, a technology for the biofuel industry that improves upon the previous National Renewable Energy Laboratory procedure with the introduction of a yeast-degrading cocktail. Cellulosic ethanol represents a 60% reduction in greenhouse gas emissions compared to standard petroleum-based fuel.
• Reduced carbon intensity through the development of CelluSmart

Social Achievements

• Petrifilm Automated Feeder reduces the burden placed on technician staff, as well as turnover rates, providing more capacity for data analysis.
• Expanded the business through new product launches and the establishment of new commercial partnerships in Animal Safety.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Softer conditions in primary end markets (Food Safety influenced by food production levels impacted by inflation; Animal Safety influenced by herd/flock sizes and net farm incomes; destocking by veterinary distributors).
• Decline in genomics revenue due to a shift in focus towards larger production animals.
• Lower order fulfillment rates in primary distribution center due to significant increase in volume after 3M acquisition.
• Supply chain disruptions due to the Russia-Ukraine conflict and increased geopolitical tensions.

Mitigation Strategies

• Completed the majority of key workstreams in integrating the former 3M business (three of four key product lines fully integrated).
• Relocated production of former 3M pathogen detection and sample handling product lines into Neogen facilities.
• Established own production of Petrifilm in a new manufacturing facility.
• Exited transition service agreements with 3M for back-office and distribution functions.
• Addressed order fulfillment issues in primary distribution center.
• Initiated a shift in focus towards larger production animals in genomics business.
• Made sizeable additions to commercial teams to drive customer awareness and leverage leading Food Safety product portfolio.
• Refined prioritization and utilized expanded capabilities to drive product development initiatives focused on enhancements and manufacturability of existing products, as well as on new technologies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: ISO-accredited laboratories

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• CelluSmart

Awards & Recognition

• Not disclosed