Sage Therapeutics, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Patient Safety & Quality Management
- Innovation & Business Model Resilience
- Affordability & Access
- Business Ethics & Ethical Marketing
- Corporate Governance
- Supply Chain & Materials Management
- Human Resources & Diversity, Equity, & Inclusion
Environmental Achievements
- Implemented motion-sensor lights, smart heating/cooling systems, filtered water units, and an in-office composting program in Cambridge office.
Social Achievements
- Launched Sage Citizen initiative, supporting communities through essential services and social connection programs; hosted 12 volunteer activities with over 900 volunteer hours impacting over 2,500 people.
- Launched a review of clinical development and recruiting processes to improve diversity and inclusivity of future trials.
- Developed a DE&I strategy, launched DE&I council and 5 BRGs, and implemented employee mentorship programs.
Governance Achievements
- Established an ESG Project Team; implemented an Enterprise Risk Assessment process; maintained a Code of Business Conduct and Ethics with annual training; established a robust cybersecurity program with annual assessments and monthly employee training; implemented ethical marketing practices with cross-functional review of promotional materials.
Climate Goals & Targets
Environmental Challenges
- Minimizing environmental impact given reliance on third-party CROs and CMOs.
- Improving diversity and inclusion across clinical trials and the workforce.
Mitigation Strategies
- Focus on employee-led green initiatives in the office; review of clinical development and recruiting processes to improve diversity and inclusivity; DE&I strategy and initiatives.
Supply Chain Management
Responsible Procurement
- Rigorous vendor qualification process involving onsite audits, review of procedures and practices, facility tours, and interviews with front-line workers.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, GRI