Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Developed Fenylcapsaicin, a synthetic capsaicin with low environmental impact, as a substitute for toxic antifouling agents in marine paints.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Limited resources (management, administration, capital)
• Competition in the marine antifouling industry
• Sales risks due to lack of commercialized products
• Secrecy concerns in research and development
• Changing regulatory requirements (Biocid Directive)
• Financing risk
• Dependence on key personnel
• Uncertainty in research and development outcomes
• Potential for patent challenges
• Fluctuations in stock price
• Limited liquidity in company shares
• Significant influence of major shareholders
• Currency exchange rate changes
• Tax risks
• Political risks

Mitigation Strategies

• Planned new share issue to secure sufficient working capital
• Focus on a few large customers rather than a broad customer base
• Collaboration with partners for production and marketing
• Routines for managing currency exchange risks
• Collaboration with a German consulting firm specializing in the Biocid Directive
• Collaboration with University of Nevada for research
• Continuous improvement of industrial process synthesis
• Development of alternative capsaicin isomers

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Fenylcapsaicin

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainable products for human and animal health
• Combating infectious diseases
• Reducing deaths from non-communicable diseases and promoting mental health
• Ensuring full participation of women in leadership and decision-making
• Responsible handling of chemicals and waste

Environmental Achievements

• Suppliers certified according to ISO9001, many also ISO14001 and ISO45001. Striving for all suppliers to have a stated and communicated sustainability policy.

Social Achievements

• Working towards gender equality in internal decision-making processes and treating all employees with respect and openness with partners, customers, and suppliers.
• Employee wellbeing initiatives including flexible working hours and health insurance.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Regulatory hurdles in different regions and countries for marketing and selling products.
• Pandemic impact on local work and handling of GRAS feed application.

Mitigation Strategies

• Conducting tests and studies to demonstrate that phenylcapsaicin is not harmful to humans, animals, or the environment.
• Working towards Feed Additive approval in EU and Brazil, and GRAS feed approval in the USA.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Suppliers are certified according to ISO9001, many also ISO14001 and ISO45001. The company strives for all suppliers to have a stated and communicated sustainability policy.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO9001, ISO14001, ISO45001 (for many suppliers)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3: Good Health and Well-being
• SDG 5: Gender Equality
• SDG 12: Responsible Consumption and Production

The company's products contribute to these goals by reducing salmonella in poultry, promoting gut health, and working towards gender equality and responsible chemical handling.

Sustainable Products & Innovation

• aXiphen® feed (poultry feed additive)
• aXivite® (nutraceutical ingredient)

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Animal health
• Human health
• Environmental sustainability

Environmental Achievements

• Production of phenylcapsaicin is gentle on the environment.

Social Achievements

• Achieved Feed Additive approval in Brazil for phenylcapsaicin in poultry and swine feed.
• Published several scientific articles on the effects of phenylcapsaicin.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Regulatory hurdles for EU Feed Additive approval for phenylcapsaicin.
• Longer than expected lead times for product development and launch of consumer products.

Mitigation Strategies

• Conducting additional studies to address data gaps identified by EFSA for EU approval.
• Prioritizing regulatory processes in EU and Brazil before pursuing US and Asian markets.
• Increased focus on improving communication and collaboration with partners to accelerate product development and launch.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Most suppliers are certified according to ISO 9001, ISO 14001, and ISO 45001.
• aXichem strives for all suppliers to have a stated and communicated sustainability policy.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001 (suppliers), ISO 14001 (most suppliers), ISO 45001 (most suppliers)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3: Good Health and Well-being
• SDG 5: Gender Equality
• SDG 12: Responsible Consumption and Production

aXichem's products contribute to these goals by improving animal and human health, promoting gender equality in internal decision-making, and using environmentally friendly production methods.

Sustainable Products & Innovation

• aXiphen® and aXivite®

Awards & Recognition

• Not disclosed