Cara Therapeutics
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Governance
- Environmental
- Social Responsibility
Environmental Achievements
- Enhanced sustainable business practices in facilities to reduce carbon footprint; implemented energy conservation measures (motion sensor lights, hybrid work policy, remote medical visits); minimized single-use plastics and moved towards a paperless environment; utilized recycling bins throughout the office.
Social Achievements
- Named one of Hearst Connecticut Media Top Workplaces for 2022; 33% workforce diversity; 58% women; 8 of 17 (47%) promotions went to women in 2022; implemented a hybrid work schedule, flexible paid time off, employee assistance program, employee engagement surveys, and a spotlight award program; instituted a fully paid Day of Service program; supported a local school supply drive.
Governance Achievements
- Established a cross-functional ESG Group reporting to the Board of Directors; Board committed to advancing ESG priorities; implemented a Code of Business Conduct and Ethics covering legal and environmental compliance, conflicts of interest, financial integrity, and anti-corruption; prioritized data protection with a comprehensive cybersecurity strategy.
Climate Goals & Targets
Environmental Challenges
- Minimizing environmental impact of operations; adapting to hybrid work environment; managing risks associated with COVID-19 pandemic.
Mitigation Strategies
- Implemented energy conservation and waste reduction measures; adopted a hybrid work policy; implemented a comprehensive health and wellness strategy, including vaccination requirements for office return.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Hearst Connecticut Media Top Workplaces 2022
Reporting Period: 2023
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
- Governance
- Environmental Stewardship
- Social Responsibility
Environmental Achievements
- Enhanced sustainable business practices in facilities to reduce carbon footprint; implemented energy conservation measures (motion sensor lights, hybrid work policy, remote medical visits); minimized single-use plastics and moved towards a paperless environment; utilized recycling bins throughout the office.
Social Achievements
- 35% of promotions went to women in 2023; 60% of the workforce is women; implemented a hybrid work schedule, various fully remote positions, flexible paid time off, employee assistance program, employee engagement surveys, and a spotlight award program; instituted a fully paid Day of Service program; participated in a Kidney Walk.
Governance Achievements
- Board oversight of ESG strategy and risk management via Nominating & Corporate Governance Committee; implemented a cross-functional ESG Group reporting to the Board; Board committed to advancing ESG priorities; operates in accordance with Corporate Governance Guidelines; conducts annual risk assessment; incorporates responsible business practices and ethics into Code of Business Conduct and Ethics; prioritizes data protection with a robust cybersecurity strategy.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
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
- Not disclosed
Awards & Recognition
- Not disclosed