Aroa Biosurgery Limited
Climate Impact & Sustainability Data (2023, 2024)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Community well-being
- Employee well-being
- Environmental responsibility
- Climate change mitigation
- Compliance
Social Achievements
- Providing a safe and inclusive work environment that fosters employee engagement, health, and professional growth. Prioritizing health and safety, promoting work-life balance, and encouraging ongoing training and development opportunities for our employees. Committed to paying the living wage for all employees and ensuring fair and ethical treatment of people throughout our supply chain.
Climate Goals & Targets
Supply Chain Management
Responsible Procurement
- Ensuring fair and ethical treatment of people throughout our supply chain
Climate-Related Risks & Opportunities
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Diversity, Equity and Inclusion
- People and Culture
- Community
Environmental Achievements
- Introduced centralised communal recycling stations in September 2023.
- Set up a bike shed for employees in April 2024 to encourage cycling to work.
Social Achievements
- Established AROA Women’s Network in 2022 to foster diversity and inclusion.
- Held regular employee-led celebration events throughout the year.
- Appointed a Health and Safety Advisor in April 2023, implementing a Health and Safety Management System.
- Supported KidzFirst Christmas party with a $10,000 donation and employee volunteers.
- Ran a formal 10-week internship program in 2023 for engineering students.
- Developed partnerships with The Wonder Project and Robogals to foster interest in STEM careers.
Governance Achievements
- Adjusted the composition of permanent Board committees in FY24 to reflect the addition of Darla Hutton.
- Appointed Darla Hutton to the Board in March 2024, bringing expertise in life sciences commercial strategy and diversity policy.
Climate Goals & Targets
Medium-term Goals:
- Reach 40:40:20 gender representation (40% women, 40% men and 20% open) by 2033.
Short-term Goals:
- A minimum of 30% gender diversity at Senior Leadership level by FY26
- 20% gender diversity at Board Level by FY27
- Achieve minimum of 40% gender diversity at Manager and Supervisor level by FY27
Environmental Challenges
- TELA Bio's inventory management improvements initially dampened demand for OviTex/OviTex PRS in FY24, resulting in a 7% revenue decline.
- Increased investment in Symphony RCT due to faster patient recruitment than anticipated.
Mitigation Strategies
- TELA Bio implemented inventory management improvements to minimize obsolescence.
- Demand for OviTex/OviTex PRS recovered in the second half of FY24.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Sustainable Development Goals