Climate Change Data

Environmental Metrics

Governance Achievements

• Renewed the mandates of President and CEO Larry Abensur and Deputy CEO Thierry Paper for six years until 2028.
• Renewed the mandate of Elie Fraenckel as administrator for six years until 2028.
• Reduced the company's capital by canceling treasury stock, in compliance with Article L.22-10-65 of the French Commercial Code.

Climate Goals & Targets

Environmental Challenges

• Decrease in Covid-19 related sales due to improved health situation and increased competition.
• Price increases imposed by suppliers and logistics providers due to the situation in Ukraine.

Mitigation Strategies

• Accelerated diversification strategy, resulting in a 27% increase in non-Covid-19 activity.
• Taking measures to preserve margins in the face of supplier price increases.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Significant decrease in Covid-19 product sales.
• Financial covenants breach.
• Liquidity risk.
• Integration challenges of acquisitions.
• Risks related to internationalization.
• Risks related to the development and success of new products.
• Risks related to healthcare systems.
• Risks related to regulations and various legislations.

Mitigation Strategies

• Diversification strategy.
• Discussions with lenders for waivers and debt restructuring.
• Seeking new external financing (equity/quasi-equity).
• Rigorous selection process for acquisitions and detailed integration plans.
• Legal and regulatory monitoring.
• Focus on integrating acquisitions and building centers of excellence.
• Aiming for profitability through growth, reduced costs, and operational efficiency.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Significant decrease in COVID-19 sales (70% decrease compared to the first half of 2022).
• Liquidity risk due to high debt and potential non-compliance with financial covenants.
• Recall of microwavable hot water bottles due to fire and burn risks.

Mitigation Strategies

• Continued implementation of a transformation plan, including diversification of the DIAGNOSTIC division and continued commercialization of prevention and family health products in the PHARMACIE division.
• Negotiations with the banking pool to obtain a waiver for non-compliance with financial covenants.
• Discontinuation of the sale of the recalled hot water bottles and a reevaluation of the risk associated with the recall.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Established a CSR (Corporate Social Responsibility) committee.

Governance Achievements

• Appointed Diane Bessin and Brigitte Geny as directors.
• Created a CSR committee.

Climate Goals & Targets

Environmental Challenges

• Liquidity risk due to high debt levels and potential non-compliance with financial covenants.
• Integration of US activities which remain deficit.
• Destruction of expired Covid-19 stocks.

Mitigation Strategies

• Initiated discussions with lenders for debt restructuring (maturity extension, covenant flexibility).
• Implemented cost reduction measures and synergy deployment, leading to a 10% reduction in workforce.
• Rationalization of US industrial activities, including the planned closure of the PROCISEDX site in February 2025.
• Restructuring of US commercial activities.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: IVDR certification for a biotherapy monitoring test.

Third-party Assurance: Deloitte & Associés (limited review)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed