Climate Change Data

Photocure ASA

Climate Impact & Sustainability Data (2020, 2022, 2023, 2024-07-01 to 2024-09-30)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Patients access to health and quality of life
  • Talent & workplace
  • Environment
  • Governance and ethics

Social Achievements

  • Absence due to illness in the Company was 1.1% of total hours in 2020, compared to 1.6% in 2019.
  • No accidents or injuries resulting in absence were registered in 2020.
  • Globally Photocure employs 47% women and 53% men. 40% of board members are women, as are 63% of the senior management team.

Governance Achievements

  • A Chief Compliance Officer was named and a compliance program launched in 2020.
  • More than 50% of the Company’s procedures have been revised and updated to ensure business ethics, compliance with GxP and good governance practice.
  • Code of Conduct and Anti-corruption policy implemented. All employees trained.

Climate Goals & Targets

Long-term Goals:
  • Keep security tickets with severity “critical” to zero.
  • Continue to increase awareness of the security situation and reporting suspicious e-mails by annual reminders to all employees.
  • Hold an annual GDPR refresher training to make sure every employee gets a better understanding on how to handle personal data in their daily work.
Medium-term Goals:
  • Ensure that supplier agreements to be revised/updated in 2021 include a claim that the supplier shall materially comply with all Applicable Laws relating to ethical and responsible standards of behavior, including, without limitation, those dealing with human rights, labor, environmental protection, sustainable development and bribery and corruption in accordance with the principles in the United Nations Global Compact
  • Distribute to all suppliers the Supplier and Partner code of conduct
  • Maintain or improve employee engagement score.
  • Continue to report on employee turnover.
  • Create and implement leadership training program.
  • Update quality and compliance manual with more focus on responsible business.
  • Implement compliance monitoring activities
Short-term Goals:
  • Maintain Photocure’s track record of no quality and/or safety incidents leading to any market actions e.g. product recall or healthcare information letter.
  • 0800 phone service for medical information, adverse event reporting and product quality complaints to be implemented for Europe.

Environmental Challenges

  • Covid-19 pandemic posed a major challenge during the year, impacting commercial activities globally, reducing bladder cancer procedures and interrupting access to hospitals and physicians.
  • Potential environmental impacts and human rights risks in our supply chain, potential quality and safety issues and the risk of corruption.
Mitigation Strategies
  • Implemented strict measures to ensure the safety of patients, customers, employees and business partners while maintaining an uninterrupted level of service and supply.
  • Cost measures to offset revenue impacts from the pandemic.
  • Implemented remote work arrangements across its locations and remained fully operational during the Covid-19 pandemic.

Supply Chain Management

Responsible Procurement
  • Supplier and Partner Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards Core option, Euronext guidelines for ESG reporting

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:13530 kg CO2e (Scope 2)
Scope 1 Emissions:Not applicable
Scope 2 Emissions:13530 kg CO2e
Total Energy Consumption:137600 kWh (electricity)

ESG Focus Areas

  • Product quality & safety
  • Human Rights & Supply chain responsibility
  • Environment & climate impact
  • Working environment
  • Data Protection & IT Security
  • Ethical pharmaceutical research & development
  • Business ethics & transparency

Environmental Achievements

  • Oslo headquarter office building is BREEAM certified with a "very good" rating.
  • Princeton office building is Energy Star certified.
  • Düsseldorf office building has a DGNB Gold Certificate.
  • Environmental upgrades in Düsseldorf office included nesting boxes and EV charging stations.

Social Achievements

  • 92% employee survey response rate with 91% overall satisfaction.
  • Harassment prevention training for all employees.
  • Implementation of a paid parental leave policy for U.S. employees.
  • Care & Respect Council established to foster an inclusive work environment.

Governance Achievements

  • No critical compliance breaches reported.
  • Updated Code of Conduct with clearer human rights statements.
  • Supplier procedures updated to assess corruption and human rights risks.
  • All new employees trained in business ethics and compliance.

Climate Goals & Targets

Medium-term Goals:
  • Draft and implement a group environmental policy.
  • Continue annual environmental topics monitoring of real estate providers.
  • Continue stakeholder dialogue to assess evolving environmental and climate reporting needs.
Short-term Goals:
  • Maintain track record of no quality/safety incidents.
  • Improve oversight of human rights and indecent working conditions risks.
  • Maintain high employee engagement scores.
  • Maintain zero critical compliance breaches.

Environmental Challenges

  • Covid-19 pandemic impact on hospital access and diagnostic procedures.
  • Healthcare staffing shortages and inflationary pressures.
  • Lack of new flexible BLC tower availability.
  • Potential human rights risks in the supply chain (2 suppliers rated as "medium risk").
Mitigation Strategies
  • Hybrid remote work arrangements.
  • Continued investment in US commercial infrastructure.
  • Focus on new Saphira™ BLC system installations.
  • Regular business review meetings with critical suppliers to address ESG concerns.
  • Risk assessments and due diligence for new suppliers.

Supply Chain Management

Supplier Audits: 11 critical suppliers assessed for ESG topics.

Responsible Procurement
  • Supplier and Partner Code of Conduct
  • Regular business review meetings with suppliers.
  • Risk assessments and due diligence for new suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (2021)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2161 kg CO2e (Headquarters) + 3046 kg CO2e (Europe) + 14066 kg CO2e (North America)
Scope 3 Emissions:1.84 t CO2e (2023)
Renewable Energy Share:100% (Düsseldorf)
Total Energy Consumption:68571 kWh (Headquarters) + 5371 kWh (Europe) + 63076 kWh (North America)

ESG Focus Areas

  • Product quality & safety
  • Human rights & Supply chain responsibility
  • Environment & climate impact
  • Working environment
  • Business ethics & transparency
  • Ethical pharmaceutical research & development
  • Data Protection & IT Security

Environmental Achievements

  • Implemented a group environmental policy
  • Moved German office to a more central location, favoring public transport
  • Maintained a “very good” BREEAM certification for its Oslo headquarters

Social Achievements

  • 94% response rate in Employee Pulse Survey with over 80% indicating satisfaction
  • Implemented a ‘Years-of-Service’ policy to value engagement and commitment
  • Roll out ‘Unconscious Bias’ training to all employees

Governance Achievements

  • Reviewed and updated anti-corruption policy
  • Trained all employees in updated Code of Conduct and anti-corruption policy
  • No compliance breaches with severity “critical”

Climate Goals & Targets

Medium-term Goals:
  • Discuss medium-risk subcontractors in business review meetings
  • Investigate reporting tool for travel mileage reporting
Short-term Goals:
  • Maintain Photocure’s track record of no quality and/or safety incidents

Environmental Challenges

  • High turnover rate
  • Medium risk human rights concerns with some subcontractors in India and Israel
  • Limited data on Scope 3 emissions
Mitigation Strategies
  • Focus on employee engagement and retention initiatives
  • Dialogue with main supplier in Spain to address human rights concerns with subcontractors
  • Continued stakeholder dialogue to assess evolving environmental and climate reporting needs

Supply Chain Management

Supplier Audits: 11 critical suppliers assessed for ESG policies

Responsible Procurement
  • Supplier and Partner Code of Conduct
  • Inclusion of statements in contracts regarding compliance with ethical and responsible standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (2021)

Reporting Period: 2024-07-01 to 2024-09-30

Environmental Metrics

Total Carbon Emissions:Not disclosed
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:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Decline in flexible BLC kit sales due to Karl Storz phasing out flexible blue light capital equipment.
  • Decline in Hexvix sales in the Nordic region due to Olympus not actively marketing its outdated blue light system.
Mitigation Strategies
  • Strategic agreement with Richard Wolf GmbH to develop and commercialize a next-generation flexible blue light cystoscope.
  • Focusing commercial efforts on TURBT surgeries using rigid blue light cystoscopes.
  • Working with Olympus to facilitate additional BLC image quality upgrades and anticipating the launch of their new high-definition system.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed