Climate Change Data

Environmental Metrics

ESG Focus Areas

• Protecting Lives
• Acting Ethically
• Developing our People
• Respecting the Environment

Environmental Achievements

• Constant reduction of CO2 emissions every year since 2016
• In 2018 and 2019, the electric power used in Nantes, Vienna and Solna was entirely produced by renewable energies.

Social Achievements

• Granted the base certificate for being a family-friendly employer by the non-profit workandfamily, part of the Austrian Ministry of Family Affairs (Valneva Austria)
• Over €40,000 donated to support research, awareness and healthcare initiatives around the world

Governance Achievements

• 13 comprehensive policies to govern our activities
• Instituted its Anti-Bribery and Anti-Corruption Policy (ABAC) to align its business with the best practices in the industry and the highest compliance and ethics standards.

Climate Goals & Targets

Environmental Challenges

• Maintaining vaccine confidence
• Risk of project failure in R&D
• Ensuring patient safety
• Responsible manufacturing
• Cybersecurity risk
• Climate change and its impact on infrastructure

Mitigation Strategies

• Open dialogue with KOLs, engagement with regulatory authorities, close interaction with regulatory agencies, experienced commercial teams, robust market access plans
• Continuous examination of research practices, internal committee for research standards, Scientific Advisory Board
• Pharmacovigilance department, global safety database, safety-related information management, PV agreements with third parties, PV audits
• Quality Control and Quality Assurance functions, annual quality and safety audits, preventive maintenance, business continuity plan, equipment servicing and replacement
• Spam email gateway, backup infrastructure updates, IT system patching, security layers, penetration testing, disaster procedures, security assessments, GDPR compliance, user awareness trainings
• Implementation of a low-carbon policy, optimization and reduction of energy consumption, use of green energy providers

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, French Order No. 2017-1180, French Decree No. 2017-1265, Directive 2014/95/EU

Third-party Assurance: SAS Cabinet de Saint Front

Awards & Recognition

• Co-finalists in the Excellence in Collaboration and Partnership category at the 2019 Pharmaceutical Market Excellence Awards (PMEAs)

Environmental Metrics

ESG Focus Areas

• Protecting Lives
• Acting Ethically
• Developing our People
• Respecting the Environment

Environmental Achievements

• CO2 emissions from Valneva's manufacturing and R&D sites have decreased for the fifth consecutive year.
• Reduced the proportion of non-recyclable and landfilled waste

Social Achievements

• Donated over €50,000 to health-related charitable organizations.
• Decreased voluntary turnover rate over the last three years.
• Maintained a low number of work accidents.

Governance Achievements

• Established an Anti-Bribery and Anti-Corruption Policy (ABAC).
• 85.7% of Valneva employees in scope were trained on the ABAC Policy.
• Implemented a Global EOHS Policy.

Climate Goals & Targets

Environmental Challenges

• Maintaining vaccine confidence.
• Inability to attract and retain key employees.
• Cybersecurity risks.
• Potential failure to comply with Good Manufacturing Practices.
• Climate change and its impact on infrastructure.
• COVID-19 pandemic impact on operations and training.

Mitigation Strategies

• Open dialogue with Key Opinion Leaders (KOLs), engagement with regulatory authorities, experienced commercial teams, robust market access plans.
• Competitive compensation and benefits, flexible working arrangements, employee surveys, global HR strategy.
• Robust training initiatives, multiple layers of security, regular security assessments, GDPR compliance.
• Annual quality and safety audits, preventive maintenance, business continuity plan.
• Continuous improvement of sustainability model, reducing energy consumption.
• Telework, improved telework policies, ergonomic advice, COVID-19 testing.

Supply Chain Management

Responsible Procurement

• Specific clauses in contracts requiring respect for animal welfare regulations.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, French Order No. 2017-1180, French Decree No. 2017-1265, Directive 2014/95/EU

Third-party Assurance: Cabinet de Saint Front

Environmental Metrics

ESG Focus Areas

• Protecting Lives
• Acting Ethically
• Developing our People
• Respecting the Environment

Environmental Achievements

• Constant reduction of CO2 emissions every year since 2016
• Electricity consumed on three of its four main sites (Nantes, Vienna, and Solna) is entirely produced from renewable energies since 2018.
• Reduction in the proportion of non-recyclable and landfilled waste by 5% by 2025 (compared to 2016).

Social Achievements

• Donated over €120,000 to health-related charitable organizations around the world in 2021.
• 762 employees of 37 different nationalities.
• Implemented a new, reliable classification system for managing jobs and skills.
• Successfully completed cyber security training by 94% of employees.

Governance Achievements

• 18 comprehensive policies to govern its activities.
• 100% of Valneva employees trained on the Anti-Bribery and Anti-Corruption Policy successfully passed the end-of-training evaluation.
• Three women serve on Valneva’s Supervisory Board.

Climate Goals & Targets

Environmental Challenges

• Inability to attract and retain key employees.
• Failure to comply with Good Manufacturing Practices, Good Distribution Practices, or other regulatory requirements.
• Cybersecurity risks (malware, viruses, data breaches).
• Maintaining vaccine confidence.
• Potential development failure of vaccine candidates.

Mitigation Strategies

• Global HR strategy focused on talent acquisition and retention, diversity, and employee well-being.
• Robust manufacturing and laboratory platform with qualified facilities.
• Internal framework of policies incorporating ethical principles.
• Information Security Board (ISB) and Information Security Policy.
• Rigorous safety testing, open dialogue with KOLs, engagement with regulatory authorities, experienced commercial teams, and robust market access plans.
• High research standards, internal committees, and Scientific Advisory Board (SAB).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Contracts with service providers for waste management guarantee traceability and nature of recycled waste.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: UN Global Compact, French Order No. 2017-1180, French Decree No. 2017-1265, Taxonomy Regulation (EU) 2020/852

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

The four pillars are in line with the United Nations’ Sustainable Development Goals.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Protecting Lives
• Acting Ethically
• Developing our People
• Respecting the Environment

Environmental Achievements

• Constant reduction of CO2 emissions every year since 2016
• Electric power used in Nantes, Vienna and Solna is entirely produced from renewable energies since 2018
• Share of recycled waste increased by three points in 2022
• Share of waste that was incinerated with energy recovery increased by three points in 2022
• Share of landfill waste fell from 31% in 2018 to 26% in 2022

Social Achievements

• Donated over €150,000 to health-related charitable organizations in 2022
• Reached over 6,500 HCPs via Valneva-sponsored meetings, webinars and conferences in 2022
• 100% of the charitable projects planned at the beginning of the year were carried out successfully in 2022
• Implemented a new Long-Term Incentive program for employees in 2022
• Trained top 100 managers on an Unconscious Bias in the Workplace program in 2022
• Gender pay index decreased substantially in 2022, moving from 4.31% to 1.91%

Governance Achievements

• Issued a new Code of Conduct & Ethics (CoCE) in 2022
• Instituted its Anti-Bribery and Anti-Corruption Policy (ABAC) in 2016
• 100% of Valneva employees trained on the ABAC Policy successfully passed the end-of-training evaluation in both 2022 and 2021
• Implemented an e-learning platform in 2020 for compliance-related training

Climate Goals & Targets

Environmental Challenges

• Inability to attract and retain key employees
• Risk of waning confidence in vaccines
• Development failure of vaccine candidates
• Cybersecurity risks
• Compliance with healthcare fraud and abuse laws, false claims laws, health information privacy and security laws
• Compliance with laws and regulations related to financial markets
• Maintaining commitments to charitable organizations
• Potential impacts to the safety profile of products
• Production risks
• Risk of suspension or revocation of manufacturing or distribution authorizations
• Data leakage and careless use of IT systems

Mitigation Strategies

• Home office policies, new performance management program, competitive remuneration package, innovation, growth and personal development possibilities, organizational development activities, local management training
• Open dialogue with KOLs, engagement with regulatory authorities, close interaction with regulatory agencies, experienced commercial teams, robust market access plans
• Highest research standards, R&D governance bodies, Scientific Advisory Board (SAB)
• Reinforced information security infrastructure, creation of Head of Information Security and Audit position, Incident Response DOR, collaboration between IT and corporate compliance, cybersecurity insurance
• Internal framework of policies, Code of Conduct & Ethics, Anti-Bribery and Anti-Corruption Policy, compliance helpline system
• Internal framework of policies, Code of Conduct & Ethics, Anti-Bribery and Anti-Corruption Policy, compliance helpline system
• Regular annual donation, supplemental gift, regular meetings with Baan Dek, e-card sharing
• Pharmacovigilance (PV) department, Medical Information professionals, pharmacovigilance agreements, PV audit plans, signal detection, Quality & Product Safety Management Board
• Annual quality and safety audits, preventive maintenance measures, business continuity plan, routine servicing and replacement of key equipment
• Good Manufacturing Practices, Good Distribution Practices, regulatory requirements
• Spam email gateway, email filtering, backup infrastructure updates, IT system patching, multiple layers of security, penetration testing, disaster & contingency procedures, security assessments, GDPR team, security awareness trainings, Managed Threat Response (MTR) service

Supply Chain Management

Responsible Procurement

• Contracts with service providers for waste management include clauses requiring respect of all existing national and international obligations

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: European Directives, French Order No. 2017-1180, French Decree No. 2017-1265, Taxonomy Regulation (Regulation (EU) 2020/852)

Third-party Assurance: Cabinet de Saint Front

Environmental Metrics

ESG Focus Areas

• Protecting Lives
• Acting Ethically
• Developing our People
• Respecting the Environment

Environmental Achievements

• Reduced CO2 emissions by 48% since 2019 (1,630 tonnes)
• 100% of electricity contracted by R&D and manufacturing sites had renewable origin in 2023
• Zero-waste to landfill project initiated at Scottish manufacturing site

Social Achievements

• Launched a new digitalized performance management program
• Implemented a new Code of Conduct & Ethics
• Provided €33,460 to charitable organizations
• Decreased voluntary employee turnover rate in 2023
• Provided 1,949.5 hours of EOHS training (average 2.88 hours per employee)

Governance Achievements

• Transitioned from a two-tier to a one-tier governance model
• Created ESG committees at Board of Directors and operational levels
• Sustainability will be linked to performance-based remuneration policy in 2024

Climate Goals & Targets

Environmental Challenges

• Extreme weather events hampered efforts to reduce energy consumption
• Sale of 21% of manufacturing site in Solna impacted environmental performance
• Inability to attract, retain, and develop key employees
• Cybersecurity risks
• Compliance with healthcare fraud and abuse laws, false claims laws, etc.

Mitigation Strategies

• Robust risk monitoring system
• Home office policies, competitive remuneration packages, and employee development opportunities
• Reinforced information security program (Information Security Board, IT security audits, policy updates, training)
• Internal framework of policies incorporating ethical principles
• Compliance helpline, anti-bribery and anti-corruption policy

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Working with suppliers whose energy mix ensures renewable origin

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: UN Global Compact, EU Taxonomy Regulation

Certifications: Null

Third-party Assurance: Deloitte

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed