Climate Change Data

Soho Flordis International Pty Ltd.

Climate Impact & Sustainability Data (2021, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:1664 tCO2e (Scope 1+2+3)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:8813 m3
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Preserving Nature & Acting on Climate Change
  • Caring about People
  • Natural Products and Sustainable Solutions
  • Acting Responsibly
  • Financial Value Creation

Environmental Achievements

  • Improved ventilation and energy-efficient solutions in Switzerland facilities, reducing energy usage by an estimated 250,000 kWh.
  • Introduced two new energy-efficient HVAC units, reducing energy consumption by 150,000 kWh.
  • Equazen® line received Friend-of-the-Sea certification for the third consecutive year.

Social Achievements

  • No serious work-related accidents (absences >5 days) in 2021; 8 minor accidents resulting in 30 days of absence.
  • Average of 2.5 training days per employee.
  • Partnership with ADHD Foundation for neurodiversity training and support.

Governance Achievements

  • Implementation of a Compliance Program based on a Code of Conduct, Anti-Corruption Policy, and Whistleblowing Policy.

Climate Goals & Targets

Long-term Goals:
  • Establish a Science Based Emissions target by end of 2023 to develop a net zero roadmap and deadline.
Medium-term Goals:
  • Introduce supply chain ESG performance monitoring, by H1 2024
Short-term Goals:
  • Reduce voluntary turnover from 19.5% to 12% or lower by end 2025
  • Increase per capita training days from 2.5 to 5 days for each employee by 2025
  • Implement a sustainability packaging policy by H1 2024
  • ESG accreditation for all SFI Health manufacturing sites by end 2024
  • Implement a yearly ESG assessment by an external supplier by the end of 2024
  • Review and expand existing compliance programme and establish compliance training matrix by H1 2024
  • 100% of staff trained on company-wide SFI Health compliance policies by end 2024

Environmental Challenges

  • Increased energy consumption in 2021 due to commercial growth, leading to reduced renewable energy share.
  • Increased water usage in 2021 due to increased production and new production line in Swiss plant.
  • High Scope 3 emissions from commuting and glass packaging.
Mitigation Strategies
  • Monitoring energy consumption to increase renewable energy share.
  • Exploring alternatives to reduce Scope 3 emissions, including carpooling, home office, public transport subsidies, and switching to less carbon-intensive packaging materials.
  • Switching to renewable energy sources and improving energy efficiency of buildings and processes to reduce Scope 1 and 2 emissions.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Thorough supplier qualification process; material testing; traceability from source to consumer; stringent quality requirements; selection of logistics providers.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14064 (GHG emissions inventory)

Third-party Assurance: Climate Services SA (GHG emissions inventory); Management, Board, and external consultants (other data)

UN Sustainable Development Goals

  • SDG 3, SDG 5, SDG 9, SDG 12, SDG 13, SDG 14, SDG 15

SFI Health's activities contribute to these goals through various initiatives related to health and wellbeing, gender equality, innovation, responsible consumption and production, climate action, life below water, and life on land.

Sustainable Products & Innovation

  • Equazen® (Friend of the Sea certified); CDMO solutions with sustainable ingredients and packaging.

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:5,060 tCO2e
Scope 1 Emissions:675 tCO2e
Scope 2 Emissions:911 tCO2e
Scope 3 Emissions:3,474 tCO2e
Renewable Energy Share:52%
Total Energy Consumption:7,829,111 kWh
Water Consumption:4,602 m3
Waste Generated:461 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Employee Health, Safety & Wellbeing
  • Product quality, purity and safety
  • Job satisfaction, motivation, and talent retention
  • Sustainable Packaging
  • Responsible Sourcing
  • Diversity and Inclusion

Environmental Achievements

  • Reduced total Scope 1 emissions by 14% compared to the previous reporting period.
  • Achieved a 2% reduction in total group Scope 2 emissions.
  • Reduced waste to landfill and incineration.
  • Increased percentage use of renewable energy in the US plant.

Social Achievements

  • 50% decrease in lost time incidents compared to the previous reporting period.
  • Zero recorded fatalities.
  • Increased gender representation at senior management levels by 7% since 2021.
  • Implemented a company-wide retention policy.
  • Employee-driven engagement committees established in all sites.
  • Annual compensation and benefit review conducted.
  • Biennial company-wide engagement survey implemented.
  • Reward and recognition schemes introduced.
  • Implementation of a group-wide flexible work policy.

Governance Achievements

  • Updated Compliance Program to include a Third-Party Code of Conduct and a Responsible Sourcing Policy.
  • Reviewed and updated existing compliance programs.
  • Implemented a new Supplier Code of Conduct.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • Achieve 100% renewable electricity by 2030 (Scope 2)
  • Reduce Scope 1 and 3 emissions by 58% by 2030 (aligned to SBTi)
  • Achieve 90% reduction in Scope 3 emissions by 2025
  • 100% of Tier 1 suppliers qualified/certified in ESG performance by 2030
Short-term Goals:
  • Reduce Customer Complaints by 15% by end of 2024
  • Reduce Deviations by 20% by end 2024
  • Establish Supplier Scorecards that drive audits in 2024
  • Implement new sustainability programs that drive innovative, improved processes and metrics in 2024
  • Reduce voluntary turnover to 12% by 2025
  • Increase per capita training days from 3.3 to 5 days per year by 2025

Environmental Challenges

  • Recent organizational changes temporarily destabilized parts of the business, impacting employee stability and retention.
  • Increased Scope 3 emissions due to improved capture of Scope 3 factors.
  • Resourcing constraints delayed the implementation of a Science Based Emissions target.
Mitigation Strategies
  • Implemented initiatives to improve job satisfaction, motivation, and talent retention (retention policy, engagement committees, compensation reviews, etc.).
  • Developed region-specific packaging roadmaps to improve transport efficiency and increase the circularity of primary packaging.
  • Engaging with energy providers to explore options for 100% renewable electricity.
  • Introducing an annual 10% purchase of high-quality carbon credits.

Supply Chain Management

Supplier Audits: 80% of Tier 1 suppliers participated in sustainability webinar and shared audit plans. Ecovadis suggested as preferred audit.

Responsible Procurement
  • Supplier Code of Conduct
  • Sustainability webinar for suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • 3
  • 5
  • 9
  • 12
  • 13
  • 14
  • 15

SFI Health's activities contribute to these SDGs through various initiatives related to health and wellbeing, gender equality, innovation, responsible consumption and production, climate action, life below water, and life on land.

Sustainable Products & Innovation

  • Magnesium-based products utilizing magnesium extracted from Australian seawater using solar energy.

Awards & Recognition

  • UK’s ADHD foundation for a Neurodiversity friendly workplace award (2022)