PAVmed Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:302.286 mt CO2e
Scope 1 Emissions:61.1839 mt CO2e
Scope 2 Emissions:241.103 mt CO2e
Water Consumption:347,826.62 gallons
Waste Generated:1360.9 lbs (biohazard)
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Governance Practices
- Diversity, Equity, and Inclusion
- Community Involvement
Environmental Achievements
- Reduced paper informational materials in device packaging by implementing electronic materials where regulations allow.
- Designed medical devices with consideration of sustainable, eco-friendly materials to minimize single-use plastics.
- Monitored and limited water consumption (approximately 347,826.62 gallons used in 2022).
- Responsibly disposed of 1360.9 lbs of biohazard waste in 2022.
Social Achievements
- Formed the EmpowerWomen group to connect and support women employees through networking, professional development, guest speakers, and mentorship.
- Hosted two EmpowerWomen events open to all employees.
- Made charitable contributions totaling $164,000 to organizations including the Feinstein Institutes for Medical Research and the ECAN Esophageal Cancer Action Network.
- Organized a food pantry drive to support the local community.
- Contributed to Hurricane Ian relief efforts.
- Over 75% of employees participated in at least one training program in 2022.
Governance Achievements
- Established an ESG committee to oversee sustainability efforts and develop/implement ESG strategies.
- Created a SASB report to standardize sustainability metric reporting.
- Disclosed greenhouse gas emissions (Scope 1 and 2).
Climate Goals & Targets
Environmental Challenges
- Minimizing environmental impact of operations (e.g., carbon footprint, waste, resource use).
- Improving company-wide gender and racial diversity.
Mitigation Strategies
- Exploring alternative sterilization options and bench test models to minimize environmental impact.
- Removing unnecessary packaging materials.
- Utilizing IACUCs adhering to the Animal Welfare Act for animal testing.
- Implementing diversity and inclusion initiatives like EmpowerWomen.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB
Sustainable Products & Innovation
- Medical devices designed with sustainable, eco-friendly materials