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