Cantargia AB

Climate Impact & Sustainability Data (2023, 2024)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:19739 kg CO2

ESG Focus Areas

Environmental responsibility
Social responsibility
Governance

Environmental Achievements

Started measuring energy consumption from premises.
Started measuring annual carbon emissions from travels. In 2023, 137 travels were made (round trips calculated as 2 travels) which resulted in a total yearly emission of 19 739 kg CO2.

Social Achievements

Provides fair wages and an inclusive work environment, promotes a work culture that values diversity.
Prioritizes employee well-being, has a collective agreement with IKEM (Innovations- och Kemiindustrierna).

Governance Achievements

Well-established Code of Conduct that governs all employees, emphasizing integrity and adherence to the highest ethical standards in research, development, and business practices.
Board of Directors include independent board members fostering impartiality and strong oversight.

Climate Goals & Targets

Short-term Goals:

Confirm promising Phase I/II results in randomized studies for nadunolimab
Recruit for a randomized study in pancreatic cancer for nadunolimab

Environmental Challenges

Risks of failure in drug development (ineffectiveness, toxicity, etc.)
Delays and difficulties in development (production, clinical studies)
Uncertainty in clinical trial results
Regulatory hurdles and approvals
Economic downturns and drug pricing
Dependence on partnerships
High capital requirements
Competition
Dependence on key personnel
Patent protection risks
Product liability
Currency risk

Mitigation Strategies

Focus on randomized studies for nadunolimab
New controlled Phase IIb clinical study for nadunolimab in pancreatic cancer
Biomarker strategy to identify best responders in lung cancer
Hedging 50% of anticipated cash flow in EUR and USD
Rolling forecasts to ensure sufficient cash assets
Investment in interest-bearing current accounts and short-term fixed income fund
Directed new share issue of approximately 59 million SEK

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN SDGs (3, 5, 8, 9, 13), EU CSRD

UN Sustainable Development Goals

SDG 3
SDG 5
SDG 8
SDG 9
SDG 13

Cantargia's commitment to minimizing environmental impact, promoting diversity and inclusion, contributing to economic growth, fostering innovation, and mitigating climate change.

Reporting Period: 2024