Climate Change Data

Environmental Metrics

ESG Focus Areas

• Product quality
• Employee engagement
• Partnerships
• Environmental impact

Environmental Achievements

• Reduced carbon emissions through renewable energy sourcing in the UK (100% renewable electricity, saving 778 tCO2e)
• Implemented energy efficiency measures in new Waltham facility (e.g., HVAC optimization, LED lighting, occupancy sensors)
• Reduced paper usage through digital datasheets and PaperCut printing solution (avoiding 70,000 print pages per year)

Social Achievements

• Ranked in top five employers on Glassdoor in the UK for two consecutive years
• Launched diversity and inclusion strategy, established Employee Resource Groups
• Increased promotions for women in leadership roles
• Implemented AbShare employee share purchase plan (vested in November 2021), resulting in 2 million shares worth approximately £30 million delivered to employees

Governance Achievements

• Completed global Equal Pay Audit (EPA) with no roles requiring remedial action
• Implemented diversity and inclusion targets linked to senior management compensation
• Established whistleblowing hotline (Speak Up) for suppliers and distributors

Climate Goals & Targets

Environmental Challenges

• Increased extreme weather events impacting business functions
• Rising mean temperatures causing heat stress for employees and supply chain
• Increased Scope 3 emissions due to company growth and capital expenditure

Mitigation Strategies

• Commissioned climate change consultancy to identify climate-related risks and opportunities
• Developing a TCFD-aligned disclosure for 2022
• Implementing energy efficiency measures in new and existing facilities
• Working with EcoVadis to assess supplier sustainability performance and risk

Supply Chain Management

Supplier Audits: Over 70 major suppliers audited by EcoVadis by the end of 2021

Responsible Procurement

• Supplier Code of Conduct
• EcoVadis partnership for sustainability assessment

Climate-Related Risks & Opportunities

Physical Risks

• Increased extreme weather events
• Rising mean temperatures
• Change in precipitation patterns

Transition Risks

• Energy fuel price increase

Opportunities

• Increased need to respond to infectious diseases
• Brand value enhancement through sustainability leadership

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001:2015 (Cambridge, Waltham, Hangzhou), ISO 13485 (Fremont)

UN Sustainable Development Goals

• SDG 3 (Good Health and Well-being)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 4 (Quality Education)
• SDG 12 (Responsible Consumption and Production)
• SDG 5 (Gender Equality)
• SDG 13 (Climate Action)
• SDG 8 (Decent Work and Economic Growth)
• SDG 17 (Partnerships for the Goals)

Abcam's products and activities contribute to these SDGs through research, innovation, ethical practices, and community engagement.

Sustainable Products & Innovation

• Recombinant antibodies (reducing animal use)
• Biodegradable packaging prototypes

Awards & Recognition

• 2021 CiteAb Awards (Antibody Supplier Succeeding in Cardiovascular Research, Award for significant individual impact)

Environmental Metrics

ESG Focus Areas

• Product
• People
• Partners
• Planet

Environmental Achievements

• Avoided 956 tonnes of waste from going to landfill by using alternative disposal methods such as recycling, reuse, and energy from waste.
• Reduced energy consumed by cold storage units and laboratories through reduction of freezers and revisions to lab shutdown processes.
• Launched a 1-page datasheet with QR code to reduce paper in product shipments.

Social Achievements

• Launched two new Employee Resource Groups (ERGs) for Mental Health and Disability/Neurodiversity, bringing the total to seven.
• Introduced enhanced family leave benefits, including additional leave for fertility treatment and premature child loss, and a Transitioning at Work policy.
• Achieved 57% women overall in the workforce, 46% women in leadership, and added a fourth female director to the board.

Governance Achievements

• Consolidated all Abcam share trading on the Nasdaq stock exchange.
• Introduced a scalable and more robust Oracle Cloud ERP platform.
• Updated tender and third party contract templates to include requirements regarding Environmental, Social & Governance (ESG).

Climate Goals & Targets

Environmental Challenges

• Inflationary pressures on costs.
• Supply chain disruptions.
• Ongoing impact from COVID-19, particularly in China.
• Disruption to ability to serve and invoice customers due to Oracle Cloud ERP system implementation.

Mitigation Strategies

• Implemented a scalable and more robust Oracle Cloud ERP platform.
• Expanded global footprint with expansion in Waltham, Amsterdam, and Singapore.
• Fully integrated the BioVision business.
• Took actions to support customers during ERP system transition.

Supply Chain Management

Supplier Audits: 36 EcoVadis assessments launched

Responsible Procurement

• Updated tender and third party contract templates to include ESG requirements.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: EcoVadis

Certifications: ISO 9001:2015 (Hangzhou, China), ISO 13485:2016 (Fremont, California)

Sustainable Products & Innovation

• Ascites-free catalogue

Awards & Recognition

• CiteAb awards, including best acquisition (BioVision)
• EXA 22 employee experience awards (Gold for Learning and Development, Silver for Best Company to work for, Bronze for Reward and Recognition)
• The Firm’s Recruitment Effectiveness Award
• Best Innovation in Internal Recruitment Award at the Tiara Talent Acquisition Awards