Climate Change Data

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