Climate Change Data

Environmental Metrics

Social Achievements

• Launched the new and improved ‘Byopet’ range (pet environment and pet grooming products) at the China International Pet Show (CIPS) in Shanghai, with updated branding and optimised product range.

Climate Goals & Targets

Environmental Challenges

• How to invest cash wisely and generate returns sufficiently quickly to achieve targets.
• High risk profile, difficulty running several projects in parallel with a balanced risk/reward profile.
• Execution risk in hiring sales and marketing resources.
• Lead times in conducting trials by prospective customers and converting interest into contracts.
• Regulatory changes in food and healthcare markets.
• Severe competition from larger competitors with deeper resources.
• Marketing and service resources required to support direct sales of alcohol-free hand sanitisers.
• Supply chain issues due to Brexit.

Mitigation Strategies

• Restructured commercialisation partnership with Solvay to monetise Actizone IP, secure resources for future investment, retain rights to sell finished product, and secure funds.
• Cautious investment of funds raised in sales and marketing.
• Concentrating on niche areas such as listeria control.
• Pursuing white label and distributor deals for hand sanitisers.
• Investing in senior sales and marketing resources and product proposition development.
• Talking to potential distribution partners/alliances.
• Consolidating products and formulations to address EU Biocidal Product Regulations.
• Establishing a supply chain with higher-quality manufacturers.
• Taking precautionary steps to address potential supply chain issues due to Brexit.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Social Achievements

• Increased full-time employees to 33
• Improved supply chain, reducing quality issues

Governance Achievements

• Strengthened Board and leadership team with first-class hires
• Established a Remuneration Committee

Climate Goals & Targets

Environmental Challenges

• Expensive and complex US supply chain hindering profitability
• Missed targets for consumer sales of Invirtu hand sanitisers due to manpower limitations
• Delay in achieving financial synergies from Medimark acquisition
• Potential negative impacts of Brexit on EU exports

Mitigation Strategies

• Searching for a US-based financial or corporate partner to accelerate growth
• Focusing on increasing sales force and expertise to improve consumer sales
• Working on increasing income from product sales and multi-year licenses
• Monitoring Brexit developments closely and taking steps to minimize impact

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS 15

Certifications: ISO9001 (Medimark)

Third-party Assurance: Mazars LLP

Environmental Metrics

ESG Focus Areas

• Sustainable and regulatory-approved antimicrobial technologies
• Responsible use of biocides
• Employee well-being
• Corporate social responsibility
• Environmental impact minimization

Environmental Achievements

• Minimized environmental impact of operations; further details not provided.

Social Achievements

• No Covid-19 cases among staff; successful remote work during lockdown; maintained client service effectively.
• Improved supply chain, reducing non-conformances and returns.
• Implemented an all-employee profit sharing scheme (effective FY21).

Governance Achievements

• Adopted the 2018 Quoted Companies Alliance Corporate Governance Code.
• Established Audit and Remuneration Committees.
• Regularly reviews and documents principal risks annually.

Climate Goals & Targets

Environmental Challenges

• Regulatory and technological changes in the biocide industry (Biocidal Products Regulations in Europe and uncertainty regarding post-Brexit UK regulations).
• Competitive and rapidly evolving markets.
• Supply chain risks (mitigated by identifying multiple supply routes and building relationships with higher-quality manufacturers).
• Attracting and retaining skilled people.
• Economic, international trade, and market conditions.
• Credit risks (mitigated by agreeing appropriate payment terms, obtaining credit agency ratings, and monitoring customer balances).
• Liquidity risks (mitigated by monitoring cash balances, generating cash flow forecasts, and having sufficient working capital facilities).
• Impact of Brexit (mitigated by close collaboration with manufacturing and distribution channels, and considering setting up an EU office).
• Coronavirus/COVID-19 pandemic (mitigated by diversified sales, robust supply chain operations, and financial security).

Mitigation Strategies

• Close monitoring of technological and regulatory developments; use of consultants and patent lawyers.
• Proactive response to changing market conditions; building market share.
• Multiple supply routes for key materials; close review of supply chain.
• Pipeline of opportunities for staff; competency focus; incentive programs.
• Diversified sales; margins provide protection; ongoing product development.
• Appropriate payment terms; credit agency ratings; monitoring customer balances.
• Weekly monitoring of cash balances; regular review of cash flow forecasts; sufficient working capital facilities.
• Close collaboration with manufacturing and distribution; potential EU office and outsourcing.
• Diversified sales; robust supply chain; financial security.

Supply Chain Management

Supplier Audits: Regular audits of manufacturing base.

Responsible Procurement

• Establishing relationships and building volume with higher-quality manufacturers.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Alcohol-free hand sanitisers
• Surface care products