SimbecOrion
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Governance
- Environmental
- Social
- Prosperity
Environmental Achievements
- Maintaining an Environmental Management System at headquarters, monitoring energy and waste metrics
- Reducing carbon intensity through investment in technology and systems, moving to paperless environment
- Improving efficiency of natural resource use
- Implementing responsible waste management and pollution avoidance
- Implementing a Zero Waste to Landfill policy for headquarters
Social Achievements
- Annual employee engagement survey and action based on feedback
- Maintaining and developing a safety management system, including a H&S committee
- Proactive encouragement of hazard/risk reporting
- Monthly H&S Accident & Incident metrics reporting to the Board
- Commitment to equality, diversity, and inclusion with associated training
- Employee health and wellbeing initiatives (counselling, workshops, mental health first aiders)
- Employee Voice group for feedback and change
- Supporting charity initiatives and local community engagement (e.g., Welsh Ambulance Services, STEM education)
Governance Achievements
- Established ESG framework and action plans
- Annual carbon footprint calculation and offsetting
- Annual ESG reporting
- Corporate Risk Register maintained by Senior Leadership Team
- Material ESG impacts/opportunities defined through risk assessment aligned with TCFD (prior to its disbandment)
- Annual penetration testing and cybersecurity reporting to the Board
- Comprehensive SOPs for vendor assessment, qualification, management, and audits
- Incorporating ESG questions into vendor qualification process
- Developing a Code of Conduct for suppliers
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050
Medium-term Goals:
- Reach net zero by 2050
Short-term Goals:
- Fully understand GHG emissions and create action plan to reduce impact
- Develop a Modern Slavery and Human Trafficking Policy
- Develop an Anti-competitive Practices Policy
- Develop a Supplier Code of Conduct
Environmental Challenges
- Reducing GHG emissions
- Minimising the impact of travel and transportation
- Improving supplier ESG performance
- Addressing gender equality in leadership positions
Mitigation Strategies
- Calculating Scope 1, 2, and 3 emissions annually
- Offsetting Scope 1 and 2 emissions annually
- Setting formal GHG reduction targets
- Aiming for net-zero emissions by 2050
- Embracing home/hybrid working
- Offering cycle and electric car schemes
- Minimising transportation in laboratories (batching, global partnerships)
- Incorporating ESG questions into vendor qualification
- Developing a Code of Conduct for suppliers
- Promoting females into management and leadership positions
Supply Chain Management
Responsible Procurement
- Vendor Assessment, Qualification, and Management SOPs
- Incorporating ESG questions into vendor qualification
- Developing a Supplier Code of Conduct
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SFDR, TCFD (prior to disbandment)
UN Sustainable Development Goals
- 8 (Decent Work and Economic Growth)
- 9 (Industry, Innovation and Infrastructure)
SimbecOrion's business activities contribute to these goals through sustainable growth, investment in infrastructure, and fostering innovation.