Climate Change Data

ECOSYNTHETIX INC

Climate Impact & Sustainability Data (2014, 2020, 2022, 2023)

Reporting Period: 2014

Environmental Metrics

Total Carbon Emissions:67.66 tCO2e (Scope 1) + 69.56 tCO2e (Scope 2) = 137.22 tCO2e
Scope 1 Emissions:67.66 tCO2e/year
Scope 2 Emissions:69.56 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Data not explicitly provided, but gas and electricity consumption data were collected.
Water Consumption:Data not explicitly provided
Waste Generated:92.49 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Planet
  • People
  • Profit

Environmental Achievements

  • Reduced Greenhouse Gas emissions by 67% per kg of EcoSphere used compared to styrene butadiene latex.
  • Developed a baseline for gas and electricity energy consumption.

Social Achievements

  • Mentored 22 coop students.
  • Engaged in Canadian Blood Services' Partners for Life program.

Governance Achievements

  • Formed an Eco Green Team to improve sustainability practices.
  • Conducted employee engagement survey to identify material sustainability issues.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Continue to measure emissions and develop a strategy to reduce them.
Short-term Goals:
  • Reduce waste to landfill by 20% in 2015.
  • Engage employees in sustainability training and events.

Environmental Challenges

  • Significant gap between strategic sustainability thinking and internal business practices.
  • High levels of Scope 1 and 2 emissions due to R&D activities.
  • Large volumes of hazardous chemical waste generated.
Mitigation Strategies
  • Formed an Eco Green Team to implement sustainability initiatives.
  • Developed a strategy to reduce emissions.
  • Improved diligence around sample preparation to reduce hazardous waste.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier assessments (mentioned, but details lacking)

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Global Reporting Initiative (GRI)

Certifications: ISO 14001 (implied)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • EcoSphere BioLatex binders
  • DuraBind (in development)

Awards & Recognition

  • Not disclosed

Reporting Period: 2020

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

  • Sustainability
  • Climate Change
  • Green Chemistry

Environmental Achievements

  • Low carbon footprint biopolymer platform
  • Sustainable feedstocks and chemicals

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Reduced sales volume, lower pricing, and reduced gross profit due to COVID-19 impacting global demand for paper products and decreased pricing of petroleum-related products.
  • Reduced ability to effectively market and trial products due to on-site collaboration limitations caused by COVID-19.
  • Potential future impacts of COVID-19 on manufacturing, sourcing, distribution, marketing, sales, and credit risk.
Mitigation Strategies
  • Applied for and received government assistance under the Canadian Emergency Wage Subsidy (CEWS) program.

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: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Engineered biopolymer

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental Stewardship
  • Social Responsibility
  • Governance

Environmental Achievements

  • Targeted to avoid 100% of carbon emissions associated with business in 2022 (1:1 carbon cover), aiming for 1.5:1 carbon cover by 2027.
  • ISO 14001 certified management system.

Social Achievements

  • Adopted Diversity Policy to promote diversity and inclusion at all levels, including striving for at least two women nominees on the Board or 30% female representation.
  • Commitment to upholding highest employment and labor standards, including human rights, and leading health and safety standards.

Governance Achievements

  • Established three board committees: Audit, Compensation, and Corporate Governance and Nominating.
  • Adopted policies outlining key principles and rules for board responsibilities, including Diversity Policy, Majority Voting Policy, Corporate Disclosure and Insider Trading Policy, Code of Conduct & Ethics, Anti-Hedging Policy, Share Ownership Policy, and Environmental, Social & Governance Policy.
  • Separate, independent Chair and Chief Executive Officer roles.
  • Board majority of independent directors.
  • Comprehensive Board assessment process, including annual individual & Board performance assessments.

Climate Goals & Targets

Medium-term Goals:
  • 1.5:1 carbon cover by 2027

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Sustainable Materials
  • Circular Economy

Environmental Achievements

  • Use of bio-based glue in IKEA factory, aiming for 30% reduction in climate footprint by FY30 (based on IKEA's 5% glue-related footprint in their value chain).
  • CO2 reduction benefits from EcoSynthetix biopolymers versus incumbents (quantified in the presentation, but specific numbers are not consistently presented in a single table).

Social Achievements

  • Platinum sustainability rating awarded by EcoVadis (top 1% of 125,000 companies).

Governance Achievements

  • Ranked #28 overall by Corporate Knights in 2023 Best 50 Corporate Citizens in Canada

Climate Goals & Targets

Medium-term Goals:
  • Avoid 1.5x of carbon emissions by 2027 (management estimate)
Short-term Goals:
  • Building to $100M+ in sales

Environmental Challenges

  • Competition in the market.
  • Fluctuations in energy costs.
  • Dependence on certain customers.
  • Inflationary pressures.
  • Availability and price of natural feedstocks.
  • Agricultural risks impacting crop yields and bio-based materials.
  • Risk of litigation with respect to intellectual property.
Mitigation Strategies
  • Developing new technologies and products.
  • Protecting intellectual property.
  • Securing additional government grants.
  • Expanding production facilities.
  • Diversification strategy across wood composites, personal care, and paper/tissue/packaging markets.

Supply Chain Management

Responsible Procurement
  • Use of sustainable feedstocks

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and processes

Sustainable Products & Innovation

  • DuraBind (wood composite binder)
  • SurfLock (tissue strength additive)
  • All-natural polymers for personal care (MaizeCare)

Awards & Recognition

  • Platinum rating from EcoVadis
  • #28 ranking by Corporate Knights