Climate Change Data

Collegium Pharmaceutical, Inc.

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Governance
  • Social
  • Environment

Environmental Achievements

  • Investing in clean-in-place manufacturing systems, enabling wastewater to be recycled and thereby reducing freshwater consumption.
  • Packaging products in recyclable materials.
  • Repurposing unneeded information technology equipment through donations to STEM education non-profits, thereby reducing the impact of electronic waste.
  • Implementing two manufacturing process improvement initiatives that reduce processing time, resulting in decreased energy consumption.
  • Implementing in-office processes to minimize the use of consumables such as paper and plastic cups.
  • Operating under a hybrid model where employees are in the office part-time, thereby reducing car emissions associated with employee commuting.

Social Achievements

  • Maintained excellent employee engagement (92% of employees completed the 2022 annual employee survey).
  • Initiated implementation of a multi-year Diversity, Equity, and Inclusion (DEI) strategic plan.
  • Donated over $350,000 in support of STEM charitable initiatives and charities providing clothing and food for community members in need.
  • Launched two programs to foster inclusivity and a sense of belonging among colleagues: Onboarding Ambassador Program and “Meet your new Collegium COLLeague” email introduction initiative.

Governance Achievements

  • Board of Directors provides guidance on strategic priorities and receives quarterly updates on ESG progress.
  • Executive Committee is responsible for strategic oversight and implementation of ESG and communicating ESG initiatives to the Board.
  • Employee-led Working Group convenes regularly to discuss ESG prioritization and implementation.

Climate Goals & Targets

Environmental Challenges

  • Reducing the environmental impact of operations and sales fleet.
  • Further developing and implementing the DEI strategic plan.
Mitigation Strategies
  • Evaluating the environmental impact of operations and exploring options to reduce the impact of the sales fleet and integrate hybrid and electric vehicles.
  • Implementing a multi-year DEI strategic plan with focus on attracting, developing, and retaining diverse talent; integrating DEI with business goals; and providing DEI education and resources.

Supply Chain Management

Responsible Procurement
  • Reviewing and updating vendor performance management policies to minimize resource use and waste generation, optimize raw materials, and improve environmental performance.

Climate-Related Risks & Opportunities

Awards & Recognition

  • 2022 National Top Place to Work
  • 2021 Boston Globe’s Top Places to Work Massachusetts
  • 2020 Boston Business Journal’s Best Places to Work

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Corporate governance and risk mitigation
  • Employee development and culture
  • Environmental footprint
  • Community support

Environmental Achievements

  • 52% of company fleet transitioned to hybrid vehicles by December 2023, aiming for 75% by Q1 2024 and a fully hybrid fleet by 2025. This resulted in an 18-ton reduction in CO2 emissions and a 1.9 mpg improvement.
  • Implementation of clean-in-place manufacturing systems, enabling wastewater recycling and reducing freshwater consumption.
  • Two manufacturing process improvement initiatives reduced processing time, leading to decreased energy consumption.

Social Achievements

  • Launched Collegium Pharmaceutical Scholarship Program with Scholarship America and Boston Red Sox/Science from Scientists STEM Booth.
  • Received Top Workplaces’ Culture Excellence Awards in Employee Well-Being, Employee Appreciation, and Professional Development categories.
  • 89% employee engagement score (15% above Pharma Benchmark and 11% higher than previous year).
  • Launched a New Hire Ambassador Program for 13 new hires.
  • Hosted workshops on unconscious bias and inclusive leadership for 53 managers.
  • Annual Day of Service with approximately 180 hours of employee volunteer time.

Governance Achievements

  • Declassified the Board of Directors.
  • Introduced a new Environmental Management Policy and Lobbying and Political Expenses Statement.
  • Maintained a robust Compliance Program aligned with OIG-HHS guidance.

Climate Goals & Targets

Short-term Goals:
  • Transition to a fully hybrid fleet by 2025.

Environmental Challenges

  • Reducing the environmental impact of company operations and supply chain.
  • Maintaining high employee engagement scores.
Mitigation Strategies
  • Partnered with a third-party climate and sustainability expert for greenhouse gas emissions assessment.
  • Implemented various initiatives to improve employee experience, communication, and recognition.
  • FACT team reviews employee survey results and addresses areas for improvement.

Supply Chain Management

Responsible Procurement
  • Vendor Code of Conduct (includes environmental, human rights, health & safety, and business ethics considerations)

Climate-Related Risks & Opportunities

Awards & Recognition

  • Results Plus Award Winner from Wheels (fleet management)
  • Top Workplaces’ Culture Excellence Awards