Cassiopea S.p.A.
Climate Impact & Sustainability Data (2020, 2021-01 to 2021-06)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environmental policy
- Freedom of association policy
- Employee relations & Diversity programs
- Human capital development programs
- Scope of Supplier Standards
- Product and Service Safety Programs
- Drug Promotion Standards
- Access to Medicine Program
- Bribery & Corruption Policy
- Whistleblower Programs
- Clinical Trial Standards
- Accounting & Taxation policy
- Intellectual property policy
- Governance policy
- Financial flexibility policy
Social Achievements
- Established an ESG Committee to integrate ESG framework into corporate strategy.
Governance Achievements
- Established an ESG Committee.
- Established a Transaction Committee to support CEO in M&A operations.
- Established a Nomination and Compensation Committee.
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impacted the Phase II trial of Clascoterone solution in females with androgenetic alopecia (enrollment suspended for three months).
- COVID-19 pandemic affected commercial strategy optimization for Winlevi®.
Mitigation Strategies
- Implemented safeguard measures for employee health and adopted solutions to protect company assets.
- Implemented smart working and stringent cleaning/sanitation protocols.
- Resumed enrollment in the Phase II trial in June 2020.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021-01 to 2021-06
Environmental Metrics
ESG Focus Areas
- Environmental policy
- Freedom of association policy
- Employee relations & Diversity programs
- Human capital development programs
- Scope of Supplier Standards
- Product and Service Safety Programs
- Drug Promotion Standards
- Access to Medicine Program
- Lobbying policy
- Bribery & Corruption Policy
- Whistleblower Programs
- Clinical Trial Standards
- Animal Welfare Policy
- Accounting & Taxation policy
- Intellectual property policy
- Financial flexibility policy
- Governance policy
Social Achievements
- Implemented ESG Committee to oversee ESG policy and strategy.
Governance Achievements
- Established an ESG Committee composed of two board members to implement and supervise Cassiopea’s ESG policy.
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impacted the Phase II trial of Clascoterone solution, suspending enrollment for three months.
Mitigation Strategies
- Implemented safeguard measures for employee health, adopted solutions to protect company assets, and organized work in a 'smart working' mode to minimize risk of exposure.