Climate Change Data

Nordic Pharma

Climate Impact & Sustainability Data (2022 and 2023)

Reporting Period: 2022 and 2023

Environmental Metrics

Total Carbon Emissions:1390.728 tCO2e (2022)
Scope 1 Emissions:596.641 tCO2e (2022)
Scope 2 Emissions:148.407 tCO2e (2022)
Scope 3 Emissions:645.681 tCO2e (2022)

ESG Focus Areas

  • People
  • Planet
  • Prosperity

Environmental Achievements

  • Commissioned first carbon footprint in 2022, expanded data collection in 2023 to include all six largest locations and more scope 3 emissions sources.
  • Implemented energy efficiencies in several locations (motion-sensitive lighting, low-energy ICT equipment).
  • Reduced material use (paper, single-use plastics) and increased recycling in offices.
  • Supported planting of 80 trees through Trees for All for Earth Day 2023.
  • Achieved EcoVadis Bronze status in early 2023.

Social Achievements

  • 68 employees joined in 2023 (65% women), voluntary attrition rate of 6.8%.
  • Women represent 45% of senior roles and 43% of the Executive Committee.
  • 82% employee satisfaction on diversity and inclusion (up 5 points from 2021).
  • Launched three employee training programs (INSPIRE Marketing Excellence Academy, Leadership Essentials Program, Project Management Course).
  • 86% employee response rate in 2023 employee engagement survey, highlighting positive work environment and work/life balance.
  • Encouraged employee volunteering and community giving activities.

Governance Achievements

  • Implemented a new pharmacovigilance database and updated regulatory information management system (RIMS).
  • Revised existing contracts with new Supplier Code of Conduct.
  • Joined PSCI (Pharmaceutical Supply Chain Initiative) in early 2023.

Climate Goals & Targets

Long-term Goals:
  • Set a target date for net zero emissions (scopes 1 and 2).
  • Explore and set goals to increase eco-packaging for products.
  • Review and implement changes to transport and distribution for a low-carbon approach.
Medium-term Goals:
  • Set targets for a widespread move to renewable energy across locations.
  • Set targets for waste reduction (including zero waste target).
  • Increase recycling volume and range.
  • Dematerialize business practices.
  • Define minimum environmental requirements for office moves/refurbishments.
  • Set targets for water use in offices.
Short-term Goals:
  • Define carbon emissions targets for scopes 1 and 2 and an interim target for scope 3 (2024).

Environmental Challenges

  • Expanding carbon emissions data collection and reporting.
  • Challenging macroeconomic conditions and unstable geopolitical environment.
  • Need to reduce environmental impact of business travel.
  • Need to improve supply chain sustainability.
Mitigation Strategies
  • Setting annual targets for emissions reductions, waste reduction, renewable energy, and water use.
  • Implementing vertical integration project for a key product to optimize inventory management, reduce emissions, and minimize waste.
  • Consolidating production process under one CMO to reduce carbon footprint and packaging.
  • Exploring eco-friendly packaging alternatives.
  • Automating manufacturing process to enhance efficiency and reduce environmental impact.
  • Using EcoVadis to assess supply chain risks and positive impacts of suppliers.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct (available on website)
  • CSR principles referenced in all new contracts
  • Sustainability a factor in purchasing decisions.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN SDGs

Certifications: EcoVadis Bronze

UN Sustainable Development Goals

  • Goal 3: Good health and well-being
  • Goal 5: Gender equality
  • Goal 12: Responsible consumption and production
  • Goal 13: Climate action

The company's products aim to improve people's health, many products are designed for women, the company strives for responsible resource use, and is working to reduce its environmental impact.

Awards & Recognition

  • Great Place to Work (Canada, Netherlands, Spain)
  • EcoVadis Bronze