Climate Change Data

Environmental Metrics

ESG Focus Areas

• Employee well-being
• Energy efficiency
• Waste reduction
• Community investment

Environmental Achievements

• Reduced Scope 1 emissions by 3.2% and Scope 2 emissions by 9.2% (Medivet Group Limited)
• Increased total energy consumed by 1.3% (Medivet Group Limited)

Social Achievements

• Aims to become the employer of choice for veterinary professionals, offering competitive salaries and benefits
• Supported Save the Rhino International and offered discounted services to various animal-related charities
• Employs a highly-skilled recruitment team and maintains close relationships with veterinary schools

Governance Achievements

• Has a board of directors whose role is to promote the purpose of Medivet
• Board monitors the integrity of the Group’s financial statements and the robustness of its internal controls

Climate Goals & Targets

Environmental Challenges

• Inability to recruit and retain veterinary professionals due to a shortage and Brexit
• Uncertainty in revenue growth due to global factors like the war in Ukraine, high inflation, and volatile markets
• Inability to penetrate the fragmented European market
• Increasing cybersecurity risk

Mitigation Strategies

• Aims to become the employer of choice, offering competitive salaries and benefits, and investing in learning and development
• Investing heavily in its estate and delivery model to improve the customer experience
• Undertaking thorough due diligence on all prospective acquisitions in Europe
• Investing in technological infrastructure and improving processes and employee understanding of cybersecurity risks

Supply Chain Management

Responsible Procurement

• Works with reputable suppliers, clinical performance is a selection criteria

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HM Government’s “Environmental Reporting Guidelines”, “Greenhouse Gas Conversion Factors for Company Reporting”, and the “Greenhouse Gas Protocol”

Environmental Metrics

ESG Focus Areas

• Employee well-being
• Diversity & Inclusion
• Community Investment
• Environmental Sustainability
• Responsible Procurement

Environmental Achievements

• UK practices use 100% renewable energy
• Stopped using plastic bags several years ago and uses alternatives made from sugar cane
• Smart meters being installed in all practices to better track energy usage
• Reduced total energy consumed by 6.4%
• Reduced total emissions by 5.1%

Social Achievements

• Launched award-winning Graduate Development Programme, accredited by the International School of Veterinary Postgraduate Studies
• Entered into a sponsorship agreement with the University of Central Lancashire’s new School of Veterinary Medicine to include more students from under-represented groups in veterinary education
• Rolled out an enhanced people deal which provides enhanced benefits and transparency to all current and potential employees
• Supports Cats Protection, the Dogs Trust and Guide Dogs with discounted services
• Supports RSPCA, pdsa and Vet Compass
• Supports Wilderness Foundation Africa through its Saving the Rhino campaign

Governance Achievements

• Robust governance framework with a board of directors and committees (Audit and Remuneration)
• Transparent bonus scheme for selected members of staff

Climate Goals & Targets

Environmental Challenges

• Shortage of veterinary professionals across markets, exacerbated by Brexit and increased minimum salaries for immigrants
• Challenging economic climate, particularly in the UK, leading customers to delay or forgo advanced clinical procedures
• Highly fragmented European market with nascent corporate operations
• Competition & Markets Authority investigation into the veterinary sector

Mitigation Strategies

• Aims to become the employer of choice for vets by offering competitive salaries and benefits, and creating a desirable work environment
• Employs a highly skilled recruitment team and maintains close relationships with veterinary schools
• Expanding learning and development proposition
• Investing heavily in estate, infrastructure and operating model to improve customer experience
• Utilizing contextualised care and the Medivet Health Plan
• Thorough due diligence on prospective acquisitions in Europe
• Engaging positively and constructively with the Competition & Markets Authority
• Single, national brand and limited vertical integration

Supply Chain Management

Responsible Procurement

• Works with reputable suppliers; clinical performance is one of its criteria when selecting suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HM Government’s “Environmental Reporting Guidelines”, “Greenhouse Gas Conversion Factors for Company Reporting”, and the “Greenhouse Gas Protocol”