OptimizeRx
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:5.82 metric tons of CO2 equivalent emissions (Scope 2)
Scope 1 Emissions:0
Scope 2 Emissions:5.82 metric tons of CO2 equivalent emissions
ESG Focus Areas
- Governance
- Planet
- People
- Prosperity
Environmental Achievements
- Reduced electricity usage through efficient technology solutions and almost completely paper-free operations.
- Achieved a significant milestone in our ESG journey by conducting a preliminary review of Scope 1 and 2 emissions resulting from our US operations.
- Reduced environmental impact associated with business transactions by using a Contract Lifecycle Management (CLM) system, saving hundreds of pounds of wood, water, carbon and waste.
Social Achievements
- Made charitable donations in the aggregate amount of over US$88,000 to US-based and international charities.
- Implemented tracking of gender and ethnicity of prospective employees.
- Provided ways for all employees to self-identify on their Ethnicity, Gender Identity, Sexual Orientation, Disability and Veteran status.
- Executed processes to interview and consider at least one candidate who self-identifies as female and one who self-identifies as an underrepresented minority for all job positions of vice president and above.
- Expanded healthcare benefits for all employees and their families to include travel coverage to access needed healthcare.
Governance Achievements
- Board officially adopted the Parity Pledge to apply to selection criteria of future Board members.
- Implemented a formal learning management system (LMS) in which anti-corruption, anti-bribery, insider training, and other relevant training to ethical business conduct will be consistently conducted and tracked.
- Achieved full Enterprise HITRUST Certification in 2022.
Climate Goals & Targets
Environmental Challenges
- Cybersecurity incidents could disrupt business operations, result in the loss of critical and confidential information, and adversely impact our reputation and results of operations.
- Inflation and other adverse economic conditions may increase the prices of labor and other costs of doing business.
- Attracting and retaining key employees.
- Health-related risks and COVID-19 could affect the desire and/or need for our solutions.
- Operating in international markets involves risks that could adversely affect our business and key stakeholders.
Mitigation Strategies
- Upgrades and full documentation of processes and procedures, security implementation, and the adoption of 26 security policies and procedures, including Acceptable Use and Access Control policies and Secure Coding Guidelines.
- Proactive efforts on maintaining a workforce composed of diverse backgrounds and skills.
- Preparedness to take steps to modify our business practices and mitigate the impact of the emergence and spread of new variants and resurgences, or another pandemic or epidemic.
- Continuing the process of risk identification, assessment, and mitigation in the context of ESG-specific risks.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: World Economic Forum's 21 core ESG metrics, Greenhouse Gas Protocol
Certifications: HITRUST