Circio Holding ASA
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:70.8 kt CO2e (Scope 3 air travel)
Scope 2 Emissions:37 t CO2e
Scope 3 Emissions:70.8 kt CO2e
Total Energy Consumption:93,790 kWh
Water Consumption:57.49 m3
Waste Generated:1093.9 kg (Food, Glass, Paper, Mixed residual, Electricity and e-waste)
ESG Focus Areas
- Environmental impacts
- Product quality and safety
- Ethics in research and clinical trials
- Business ethics and anti-corruption
- Worker’s rights and equal opportunity
- Human rights and data protection
Environmental Achievements
- Reduced Scope 2 emissions from 36 t CO2 to 37 t CO2 (increase attributed to increased electricity usage)
Social Achievements
- 90% of employees reported feeling valued and 90% felt motivated in their work (based on 2022 employee survey)
- No accidents or injuries resulting in absence were registered in 2022. Absence due to illness was 1.52%.
Governance Achievements
- No critical concerns raised throughout the year. Maintained compliance with all applicable laws and regulations, with no significant instances of non-compliance identified. No reported incidents of corruption.
Climate Goals & Targets
Short-term Goals:
- Pass all regulatory inspections with favorable results, ensuring no product recalls and avoiding critical quality non-conformities.
- Avoid monetary loss from legal proceedings associated with clinical trials.
- Actively promote ethics in working relationships and advocate for ethical practices in all professional interactions.
- Ongoing enhancement of ethical practices by regularly reviewing and updating internal policies, procedures, and training programs.
- 100% compliance and ethical behavior across the organization through business ethics and anti-corruption training for all workers.
- Zero reported and confirmed incidents of corruption.
- Zero reported and confirmed incidents of human rights breaches.
- Zero incidents or complaints related to personal data breach.
Environmental Challenges
- Potential adverse environmental impact primarily through energy consumption.
- Indirect human rights risks through business relationships (potential to evolve as supply chain expands).
Mitigation Strategies
- Promoting use of remote collaboration tools to reduce business air travel.
- Raising awareness about human rights issues and child labor, seeking commitment from suppliers to uphold ethical standards, establishing robust standards for human rights in raw material sourcing and screening suppliers for potential human rights-related risks.
Supply Chain Management
Responsible Procurement
- Adherence to Circio's practices, guidelines, and values is a critical requirement for all suppliers.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards (2020)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:40 tCO2e (Scope 2) + 30.8 ktCO2e (Scope 3)
Scope 2 Emissions:40 tCO2e
Scope 3 Emissions:30.8 ktCO2e
Total Energy Consumption:100,300 kWh
Water Consumption:63.2 m3
Waste Generated:612.1 kg (mixed residual waste) + other waste types (see report)
ESG Focus Areas
- Environmental impacts
- Product quality and safety
- Ethics in research and clinical trials
- Business ethics and anti-corruption
- Worker’s rights and equal opportunity
- Human rights and data protection
Environmental Achievements
- Reduced Scope 2 emissions from 37 t CO2 in 2022 to 40 t CO2 in 2023 (Note: This seems to be an increase, not a reduction. The report needs clarification.)
- Reduced Scope 3 emissions from 70.8 kt in 2022 to 30.8 kt in 2023 (primarily air travel)
Social Achievements
- No reported and confirmed incidents of discrimination in 2023
- 90% of employees felt valued and motivated in their work (based on 2022 survey)
Governance Achievements
- No reported incidents of corruption in 2023
- No reported incidents of human rights breaches in 2023
- No reported incidents of personal data breaches in 2023
Climate Goals & Targets
Long-term Goals:
- Zero reported and confirmed incidents of corruption, human rights breaches, and personal data breaches.
Medium-term Goals:
- All workers will receive training in business ethics and anti-corruption measures to ensure 100% compliance and ethical behavior.
Short-term Goals:
- Pass all regulatory inspections with favorable results, ensuring no product recalls and avoiding critical quality non-conformities.
- Actively promote ethics in working relationships and advocate for ethical practices in all professional interactions.
- Ongoing enhancement of ethical practices by regularly reviewing and updating internal policies, procedures, and training programs.
Environmental Challenges
- Scope 2 and 3 emissions remain a concern.
- Temporary shift in gender equality within the Board and Executive Management Team due to reorganization.
Mitigation Strategies
- Promoting remote collaboration tools to reduce business travel.
- Commitment to creating gender parity for board and management in the future.
Supply Chain Management
Responsible Procurement
- Adherence to Circio's practices, guidelines, and values is a critical requirement for all suppliers.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI