Bluefish Pharmaceuticals AB
Climate Impact & Sustainability Data (2022-01 to 2023-04, 2023-05 to 2024-04)
Reporting Period: 2022-01 to 2023-04
Environmental Metrics
ESG Focus Areas
- Product safety
- Product information
- Transportation
- Vendor management (SHE)
- Prevent ill-health
- Equality and equal opportunity
- Upskilling
- Human rights
- Anti-corruption
- Community engagement
Environmental Achievements
- Reduced air shipment weight from 25668 kg to 20365 kg in 2022
- Increased sea transportation share to 94% in 2022
Social Achievements
- Increased percentage of women in leadership positions to 60%
- Contribution to Shanti Bhavan Children’s Project
Governance Achievements
- Implementation of a SHE audit program covering all Indian suppliers
- Zero tolerance for bribery and corrupt practices
- Compliance training program for all employees
Climate Goals & Targets
Medium-term Goals:
- 90% sea transports in 2023
- 50/50 gender balance in leadership positions in 2023
Short-term Goals:
- 95% service level in 2023
Environmental Challenges
- Supply chain management dependence on external partners
- Changes in the regulatory field
- Safety, Health, and Environmental (SHE) measures dependence on partners
- Need for pan-EU recognition of Bluefish organization
Mitigation Strategies
- Structured audit control program for Indian manufacturers
- Continuous monitoring of regulations
- SHE audit program with external EU certified competence
- Agile organization to adapt to changing treatment guidelines
Supply Chain Management
Supplier Audits: 17 in 2022
Responsible Procurement
- Company Code of Conduct
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Swedish Annual Accounts Act (6 kap 10-14 §§ ÅRL)
UN Sustainable Development Goals
- Goal 3: Good Health and Well-being
Focus on patient health and wellbeing, access to affordable pharmaceuticals
Reporting Period: 2023-05 to 2024-04
Environmental Metrics
ESG Focus Areas
- Product safety
- Product information
- Transportation
- Vendor management (SHE)
- Prevent ill-health
- Equality and equal opportunity
- Upskilling
- Human rights
- Anti-corruption
- Community engagement
Environmental Achievements
- Sea transportation share of 82% of total volume (lower than target of 90% due to geopolitical factors)
Social Achievements
- Increased the number of female leaders, achieving a 60% female leadership ratio. Achieved gender balance in managing positions (50-50 split). Completed Gender Sensitisation training programs.
- Contribution to Shanti Bhavan Children’s Project (Wi-Fi, IT support, electricity, occasional equipment donations, internships)
Governance Achievements
- Implementation of a compliance framework covering Compliance and Governance aspects. Zero tolerance for bribery and corrupt practices. Annual compliance training for all employees.
Climate Goals & Targets
Environmental Challenges
- Supply chain management (reliance on external partners)
- Changes in the regulatory field
- Safety, Health, and Environmental (SHE) measures from partners
- Geopolitical factors impacting sea transportation routes (Red Sea crisis, Gaza conflict), leading to increased air freight.
Mitigation Strategies
- Structured audit control program for Indian manufacturers (SHE audits)
- Monitoring supplier contracts, partner selection, supplier business reviews, and yearly SHE audits.
- Shifting from air to sea transport (though impacted by geopolitical events)
- Increased use of virtual meetings to reduce business travel.
Supply Chain Management
Supplier Audits: 2 in 2023, 5 scheduled for the upcoming fiscal year
Responsible Procurement
- Code of Conduct
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Swedish Annual Accounts Act (6 kap 10-14 §§ ÅRL)
UN Sustainable Development Goals
- Goal 3 (Good Health and Well-being)
- Goal 8 (Decent Work and Economic Growth)
- Goal 13 (Climate Action)
- Goal 4 (Quality Education)
- Goal 17 (Partnerships for the Goals)
Bluefish's goals contribute to these SDGs through various initiatives.