MedAdvisor Limited ABN 17 145 327 617
Climate Impact & Sustainability Data (2023-06-30)
Reporting Period: 2023-06-30
Environmental Metrics
ESG Focus Areas
- Environmental stewardship
- Social responsibility
- Governance
Environmental Achievements
- Australian and US teams now work 100% remotely, likely reducing commuting emissions
- Investments in digital solutions to minimize carbon footprint
- Robust internal processes to limit organizational consumption
- New teamwear manufactured using polyester from 100% recycled plastic
Social Achievements
- Empowering Causes through Social Media Advocacy
- Men’s Health Week initiatives
- Bowel Cancer Australia Foundation support
- Diabetes Awareness Week initiatives
- Cancer Council Australia contributions
- Bloody Long Walk participation
- National Asthma Council awareness raising
Governance Achievements
- Moved Board to a majority of independent directors
- Strengthened Board and restructured key committees
- Added talent and roles to bolster oversight and guidance
- Established a new vision and articulated a set of values
Climate Goals & Targets
Long-term Goals:
- Fueling the engine for profitable growth
- Developing digital solutions relevant across markets to support the pharmacy of the future
Medium-term Goals:
- Continued execution of technology modernisation while increasing capacity for product innovation and expansion
Short-term Goals:
- Further improvements in operational efficiency and decreasing the cost-to-serve
Environmental Challenges
- Capital management
- Loss or theft of data and failure of data security systems
- Access to patient prescription data
- Disruption or failure of technology and software systems
- Reliance on third-party service providers
- Loss of key personnel or skilled workers
- Litigation risk
- Regulatory risk
- Competition risk
- Concentration of customers
- Insurance risk
- Customer retention
Mitigation Strategies
- Risk management framework to identify, assess, and manage risks
- Focus on return to positive cash flow and profitability
- Measures to prevent security breaches
- Continued access to patient prescription data dependent on permissions
- Technology modernisation and platform improvements
- Strong focus on attracting and retaining skilled workers
- Sound risk management framework
- Compliance with applicable laws and regulations
- Competitive pricing and service standards
- Diversification of customer base
- Adequate insurance coverage
- Attractive product offerings and competitive service standards
Supply Chain Management
Responsible Procurement
- Prioritise working with suppliers who have mutual ambitions to lead by example when it comes to environmental stewardship