Rallybio (NASDAQ: RLYB)
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Patients
- Community
- Environment
- People
- Company Governance
Environmental Achievements
- Implemented energy-efficient lighting, recycling, reduced printer/paper use, limited single-use items, discouraged non-essential air travel, implemented battery and pen recycling programs
Social Achievements
- Donated funds to the Diaper Bank of Connecticut (approx. 30,000 diapers), established a corporate charitable matching program for diaper donations, supported STEM education through Boys & Girls Club of New Haven and Soderstrom Scholars Fund, hosted an annual Summer Internship Program, established a DEI committee with monthly workshops, committed to gender and ethnicity pay equality, offered unlimited vacation time, telehealth resources, and flexible work arrangements, encouraged employee volunteering
Governance Achievements
- Established a Code of Business Conduct and Ethics, committed to being an Equal Employment Opportunity and Affirmative Action employer
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
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: SASB (aspirational)
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Patient Safety & Quality Management
- Human Resources & DEI
- Innovation & Business Model Resilience
- Business Ethics & Ethical Marketing
- Corporate Governance
- Privacy & Data Protection
- Social Impact
- Affordability & Access
- Supply Chain & Materials Management
- Occupational Health & Safety
- Greenhouse Gas (GHG) Emissions & Climate Risk
- Water, Waste & Environmental Management
Environmental Achievements
- Implemented energy conservation measures including LED light bulbs, motion sensor lighting, and flexible work arrangements to minimize commuting.
- Initiatives to encourage the use of public transit and reserving air travel for limited situations.
- In-office recycling of paper, cans, and bottles; minimizing single-use materials; low-flow fixtures in kitchens and bathrooms; partnership with UConn TIP for battery recycling.
Social Achievements
- Donated approximately 30,000 diapers to the Diaper Bank of Connecticut in 2021.
- Established a corporate charitable giving program in 2022, matching employee contributions to the Diaper Bank.
- Partnered with the Boys & Girls Club of New Haven, providing resources for STEM programming and school supplies.
- Contributes to the Soderstrom Scholars Fund, supporting underrepresented students in STEM.
- Provides two paid volunteer hours per colleague per quarter.
Governance Achievements
- Established an ESG Committee responsible for developing, implementing, and monitoring the company’s ESG program.
- More than 80% of Rallybio’s Board is composed of independent directors.
- Adopted a Code of Business Conduct and Ethics, along with policies on Anti-Bribery, Anti-Corruption, Social Media, and Gifts and Entertainment.
- Implemented security enhancements based on a third-party information security risk assessment, including vulnerability scanning, multifactor authentication, and encrypted data.
Climate Goals & Targets
Environmental Challenges
- Small operational footprint limiting immediate environmental impact.
- Need to enhance diversity and inclusion initiatives.
- Maintaining robust data security in a growing company.
Mitigation Strategies
- Focus on energy conservation and waste reduction measures.
- Implementation of a three-year DEI roadmap with workshops, audits, and surveys.
- Implementation of security enhancements based on a third-party risk assessment and ongoing training for employees.
Supply Chain Management
Responsible Procurement
- Vendor management system for GxP products and services; assessment of vendor capabilities, quality management systems, and adherence to regulations.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, GRI