Climate Change Data

MyHealthChecked PLC

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Governance
  • Data Security
  • Compliance

Social Achievements

  • Achieved Healthcare Inspectorate Wales Certification
  • Migrated to Digital Quality Management System (QMS)
  • Implemented a new package of employee benefits (life assurance, private health, critical illness, and income protection).

Governance Achievements

  • Working towards ISO 27001 (information security) and ISO 13485 (diagnostic industry compliance) certifications.
  • Maintains Cyber Essentials Plus certification.
  • Adopted and operates a share dealing code.

Climate Goals & Targets

Long-term Goals:
  • Evolve the digital platform to provide valuable information and guidance to customers.
Medium-term Goals:
  • Become a leading supplier in the wellness testing sector.
Short-term Goals:
  • Establish the extensive Wellness portfolio and build out testing journeys.

Environmental Challenges

  • Reduced demand for COVID-19 tests due to the withdrawal of compulsory testing.
  • Pricing pressure and reduced gross margins in the COVID-19 portfolio.
  • The home testing market in the UK is still relatively new.
  • Reliance on a major retail partner for the majority of revenue.
  • Reduced consumer spending due to inflation and the cost of living crisis.
  • Dependence on key personnel.
  • Potential for product supply failures from third-party providers.
  • Risk of GDPR litigation and data breaches.
  • Compliance with evolving regulations in the diagnostics market.
Mitigation Strategies
  • Careful management of working capital.
  • Increased margin contribution from the Wellness portfolio.
  • Effective marketing methods and digital exposure to raise awareness and educate customers.
  • Business development plans to maximize partnership opportunities and invest in direct sales channels.
  • Competitive pricing and promotion of services.
  • Competitive remuneration packages, agile working environment, and personal development opportunities.
  • Cross-training in key functions.
  • Robust SLAs and KPIs, long-range forecasts, and close communication with suppliers.
  • Cyber Essentials Plus certification, regular cyber security reviews, and cyber insurance.
  • Diligent fulfillment of GDPR responsibilities, a dedicated Data Protection Officer, and regular reviews and audits of cyber, data protection, and security policies.
  • On-boarding processes covering relevant policies and regulations, and a monitoring process to ensure compliance.
  • External partners for advice on IVD Regulations and collaborative relationships with Notified Bodies.

Supply Chain Management

Responsible Procurement
  • Close and regular communication channels with suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA Code (2018)

Certifications: Cyber Essentials Plus, Healthcare Inspectorate Wales