Rigel Pharmaceuticals, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Social Health and Safety in the Workplace
- Diversity and Inclusion
- Governance
- Human Rights
- Data Privacy
Environmental Achievements
- Reduced office space from 81,000 square feet to 13,670 square feet, reducing water and electricity use. Shifted to a paperless system, minimizing paper waste.
- Closed laboratories, eliminating hazardous waste generation.
Social Achievements
- Continued focus on employee well-being during the COVID-19 pandemic, including maintaining cleaning frequencies, contact outreach, and work-from-home options.
- Offered Employee Assistance Program (EAP) for stress management and mental health support.
- Maintained a Commuter Benefit Program to encourage public transit and carpooling.
Governance Achievements
- Adopted a Code of Conduct applicable to officers, directors, employees, and third parties.
- Established a Clawback Policy for incentive compensation.
- Implemented a Related-Person Transactions Policy.
Climate Goals & Targets
Short-term Goals:
- Continued focus on reducing waste and conserving resources.
Environmental Challenges
- COVID-19 pandemic impact on workforce and operations.
- Maintaining a competitive position in attracting, retaining, and motivating key personnel.
Mitigation Strategies
- Implemented business continuity plans and a Crisis Management Team (CMT).
- Offered competitive compensation, equity ownership opportunities, and development programs.
- Implemented a retention letter agreement with key employees.