Bio-Lab, Inc.
Climate Impact & Sustainability Data (2020-08-27)
Reporting Period: 2020-08-27
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Climate Goals & Targets
Environmental Challenges
- Inadequate extreme weather preparation leading to facility damage and chemical release.
- Deficient process hazard analysis action item management system.
- Inadequate and largely nonfunctional fire protection system.
- Absence of automatic extinguishing systems.
- Insufficient regulatory coverage of chemicals with reactive hazards.
Mitigation Strategies
- $250 million invested in redesigning and reconstructing the damaged facility with enhanced safety features.
- Implementation of improved PHA action item management system.
- Upgrades to fire protection system including new pumps and automatic sprinklers.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Hurricane winds and rainwater