BioGaia AB (publ)
Climate Impact & Sustainability Data (2012)
Reporting Period: 2012
Environmental Metrics
ESG Focus Areas
- Sustainability
- Ethics
Environmental Achievements
- Initiated an effort to measure climate impact by calculating greenhouse gas emissions related to heating, cooling, electricity, business trips, transports, etc.
Social Achievements
- Launched new products in several countries; Strengthened management by recruiting new Vice President Development and Regulatory Affairs, a new Sales Director and a Marketing Director; Low sickness absence among employees (average of three sick days).
Governance Achievements
- Board consists of seven members, four men and four women; Changed dividend policy to 40% of profit after tax.
Climate Goals & Targets
Short-term Goals:
- Increase BioGaia-branded products to 60% of sales by 2014
Environmental Challenges
- Change of distribution partners in several markets, affecting growth; Weakest economic development in the EU in a very long time; New EU rules for health claims; Japanese subsidiary operating at a loss; CapAble subsidiary operating at a loss.
Mitigation Strategies
- Intensive work to change distribution partners believing it will accelerate growth; Focus on clinical studies as the foremost marketing tool; Change of business model in Japan; Continued investment and support for CapAble.