Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Decommissioned and removed two legacy cyclotrons at the Seneffe facility, with decontamination completed except for two cyclotron vaults.
• Submitted the first of its five-yearly mandatory inventory of "nuclear passive" reports to authorities.

Social Achievements

• Achieved a 90% completion rate and an 86% engagement score in an employee engagement survey.
• 100% of objectives related to sustainable workforce practices (hiring, onboarding, training, and retention) were achieved.

Governance Achievements

• Expanded the remit of the Audit and Risk Committee to include oversight of ESG and sustainability matters.
• Developed a comprehensive materiality assessment to establish highly material topics for strategy development and reporting.

Climate Goals & Targets

Environmental Challenges

• Rapid growth of the workforce requiring focus on recruiting and developing top talent.
• Need to develop a Group-wide Environmental Policy, strategy, and goals, including a three-year climate-related issues strategy.

Mitigation Strategies

• Established a cross-functional leadership team for each operating region to ensure autonomous operation.
• Committed to developing a Group-wide Environmental Policy, strategy, and goals within the next two years.

Supply Chain Management

Responsible Procurement

• Developing a Supplier Code of Conduct in 2022 addressing sustainability issues.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Purpose
• People
• Principles
• Performance
• Planet

Environmental Achievements

• Developed a recycling program for Illuccix® kit components, including radioactive lead shield and germanium-68 column.
• Initiated data capture and recording to understand environmental footprint and inform future science-based targets.

Social Achievements

• Launched a bursary scheme with RMIT University to support nuclear medicine students in rural and regional areas.
• Launched Resilience First Aid program to promote mental and emotional wellbeing.
• Global employees participated in fundraising events for prostate cancer, raising over $27,000.

Governance Achievements

• Established policies and procedures, including a Code of Conduct, Anti-Bribery and Anti-Corruption Policy, and Whistleblower Protection Policy.
• All employees required to undertake compliance training.
• Published inaugural Modern Slavery Statement for the 2022 financial year.

Climate Goals & Targets

Environmental Challenges

• Uncertainty over future environmental policy and fiscal landscape.
• Increased operational costs in the supply chain.
• Increased frequency of extreme weather and climate-related natural disasters.
• Long-term changes in climate.

Mitigation Strategies

• Maintaining awareness of current and emerging policy across areas of operation.
• Continuously developing understanding of critical supply chain and value chain.
• Investing in at-risk Group sites and managing inventory levels.
• Addressing identified risks in business continuity plans.
• Conducting climate risk assessments in site evaluation criteria for investment in new operations.
• Adaptation planning, including building or purchasing climate-resilient infrastructure.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Storms
• Long-term changes in precipitation
• Extreme variability in weather patterns
• Rising mean temperatures
• Rising sea levels

Transition Risks

• Increased pricing of GHG emissions
• Enhanced emissions-reporting obligations
• Mandates on and regulation of existing products and services
• Increased exposure to litigation
• Changes in cost base and changes in technology
• Changing customer behaviour
• Uncertainty in market signals
• Increased cost of raw materials

Opportunities

• Developing products with lower emissions ratings
• More efficient buildings reducing costs
• Improved facilities management leading to lower costs
• Use of lower-emission sources of energy reducing costs
• More efficient production and distribution processes reducing costs

Reporting Standards

Frameworks Used: TCFD, ISSB's IFRS S1 and IFRS S2, Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information