Bio-Works Technologies AB
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Sustainable production
- Improved safety
- Minimized environmental impact
- Human rights
- Diversity and equality issues
- Compliance
- Corporate governance
Environmental Achievements
- Received EU funding (250,000 SEK) to develop a production method for chromatography resins that eliminates the use of fossil oil-based solvents.
Social Achievements
- Annual salary surveys conducted.
- Conscious recruitment focusing on competence and collaboration with external actors highlighting these areas.
- 44% of employees are women, 62% of managers are women.
Governance Achievements
- ISO 9001:2015 quality management system re-certified.
- Certified as a "Nasdaq ESG Transparency Partner" and participates in Nasdaq's ESG Portal.
Climate Goals & Targets
Long-term Goals:
- To be among the top three brands associated with chromatographic purification within five years.
- To be number one in customized solutions within five years.
Medium-term Goals:
- EBITDA level above 30% in 2027.
Short-term Goals:
- Breakeven in 2024.
Environmental Challenges
- Sales revenue may vary significantly from quarter to quarter due to a relatively small number of larger customers with needs that are difficult to plan.
- Production activities are subject to environmental regulations.
- Geopolitical risks due to the war in Ukraine (potential impact on economic development, logistics, and price levels).
Mitigation Strategies
- Increasing the number of larger customers to reduce revenue variation.
- Compliance with environmental regulations.
- Monitoring and adapting to the evolving geopolitical situation.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- GoBio pre-packed chromatography columns