Expedeon AG
Climate Impact & Sustainability Data (2017, 2018)
Reporting Period: 2017
Environmental Metrics
Social Achievements
- 40% of the SYGNIS Group's workforce were women in 2017.
Governance Achievements
- The company received shareholder approval for a share option program for the board.
Climate Goals & Targets
Environmental Challenges
- High risk profile inherent in the Life Science industry.
- Rapidly changing market and competitive landscape.
- Risk of insufficient market demand for products.
- Risk of not being able to in-license suitable projects.
- Risks associated with acquiring companies (integration challenges, shareholder dilution).
- Potential challenges to patent rights.
- Difficulty in attracting and retaining qualified personnel.
- Securing sufficient funding for growth.
- Risks related to tax loss carryforwards.
- Financial risks (interest rate, credit, liquidity, and currency risks).
- Potential impact of Brexit on UK assets.
Mitigation Strategies
- Strict cost control measures.
- Diversification of products and distribution channels.
- Thorough analysis of new projects (technical and market aspects).
- Evaluation of various funding options.
- Monitoring of outstanding customer invoices and payment receipt.
- Long-term agreements with distributors to minimize default risks.
- Continuous monitoring of environmental, health, and safety regulations.
- Consultation with internal and external experts to manage legal and regulatory risks.
- Creation of provisions for potential risks.
- Monitoring the potential impact of Brexit.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2018
Environmental Metrics
Social Achievements
- Proportion of women in the total workforce of the Expedeon Group was 40% in 2018.
Governance Achievements
- Issued declaration of compliance with the German Corporate Governance Code in accordance with Sec. 161 AktG.
Climate Goals & Targets
Environmental Challenges
- Weakening market sentiment affecting share price.
- Going concern assumption was a key management focus.
- Brexit uncertainty impacting UK based assets and activities.
Mitigation Strategies
- Implemented stringent cost control measures.
- Prepared business plan for 2019 anticipating positive EBITDA.
- Created a Brexit Steering Committee to appraise developments and potential impact.
- Reviewed supplier and customer relationships and built up key inventories.
- Worked with logistics partners to ensure contingency plans and processes are in place.
- Worked to ensure alternative supply and production routes are available.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft