Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• People, Social & Human rights
• Code of Conduct & anti-corruption

Environmental Achievements

• Reduced carbon emissions by compensating for 191 tons of CO2 emissions (SEK 34,500)
• Implemented methanol-free RAL MCDh stain, which is more environmentally friendly and safer to handle.

Social Achievements

• Recruited 12 new employees, 8 of whom were women.
• Maintained sound profitability without any layoffs during the COVID-19 pandemic.
• Implemented COVID-19 related safety measures prescribed by the authorities.
• Completed 5,155 training courses in 2020 through CellaVision Academy.

Governance Achievements

• Established a sustainability group to evaluate and propose improvements to environmental work.
• Implemented a Code of Conduct based on the UN Universal Declaration of Human Rights.
• No cases of corruption were reported in 2020.

Climate Goals & Targets

Environmental Challenges

• Negative impact on sales due to the COVID-19 pandemic, particularly in the Americas.
• Limited opportunities for installing new systems and conducting sales activities due to pandemic restrictions.
• Uneven gender distribution in senior positions.

Mitigation Strategies

• Implemented a series of cost-reducing measures, including strict prioritization of projects and staffing, without layoffs.
• Switched to a digital way of working for training and support of distribution partners using the CellaVision Academy.
• Strengthened organizations for local market support in North America to manage the introduction of the reagents product line and the launch of the CellaVision DC-1.
• Continued work on building its brand as an attractive employer.

Supply Chain Management

Responsible Procurement

• Preference for suppliers with certified environmental management systems.
• Requirement for suppliers to comply with REACH Regulation and RoHS Directive.

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 3: Good health and well-being
• Goal 4: Quality education
• Goal 5: Gender equality
• Goal 8: Decent work and economic growth
• Goal 9: Sustainable industry, innovations and infrastructure
• Goal 10: Reducing inequality
• Goal 11: Sustainable cities and communities

CellaVision's business contributes to these goals through improved diagnostics, streamlined workflows, and digitalization of healthcare.

Sustainable Products & Innovation

• RAL MCDh stain

Environmental Metrics

ESG Focus Areas

• Environmental impact (Product life cycles, Carbon dioxide emissions, Energy and water consumption)
• Social responsibility (Contribution to improved global health and medical care, Employee safety, health and well-being, Diversity, equality and inclusion, Suppliers’ social responsibility)
• Business ethics (Sound business practices)

Environmental Achievements

• Reduced CO2 emissions from air travel (from 153,000 kg to 49,900 kg) and car travel (from 94,600 kg to 57,000 kg), largely due to the pandemic.
• Replaced plastic packaging for immersion oil.
• Initiated a lifecycle analysis focusing on the CellaVision DC-1 instrument.

Social Achievements

• Donated to the non-profit organization Hand in Hand.
• Improved employee Net Promoter Score (eNPS) to 38 with a 59% response rate.
• Recruited 34 new employees (14 women, 20 men).

Governance Achievements

• No cases of corruption or whistleblower reports in 2021.
• Annual anti-corruption training for employees (149 of 200 employees completed the training).

Climate Goals & Targets

Environmental Challenges

• Global supply shortages of semiconductor chips.
• Continued uncertainties in 2021 concerning both demand and supply of material and components due to the COVID-19 pandemic.
• Uneven gender distribution in senior positions.
• Russia's invasion of Ukraine (suspended sales activities in Russia).

Mitigation Strategies

• Evaluated, tested and approved alternative components to respond to supply chain disruptions.
• Increased the number of suppliers to secure access to components.
• Implemented various targeted initiatives to build its brand as an attractive employer.
• Continued to digitalize HR processes.

Supply Chain Management

Responsible Procurement

• Selection and evaluation of suppliers based on their capacity to supply goods and services that meet CellaVision’s quality and environmental requirements, including quality and environmental management system and other specific quality assurance requirements. A lifecycle perspective is always taken into consideration when choosing suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001:2015

Third-party Assurance: Deloitte AB

UN Sustainable Development Goals

• Goal 3: Good health and well-being
• Goal 4: Quality education
• Goal 5: Gender equality
• Goal 8: Decent work and economic growth
• Goal 9: Sustainable industry, innovations and infrastructure
• Goal 10: Reduced inequalities
• Goal 11: Sustainable cities and communities

CellaVision's business contributes to these goals through its products and solutions for improved diagnostics, streamlined workflows, and reduced healthcare costs.

Environmental Metrics

ESG Focus Areas

• Efficient and qualitative healthcare
• Caring for people
• Protecting the planet
• Sound business practices

Environmental Achievements

• Reduced CO2 emissions from business travel (largely due to the pandemic and digitalization of meetings)
• Achieved 100% online training in relation to total training for handling and analysis with instruments.

Social Achievements

• Launched a global diversity, equity, and inclusion policy
• Implemented the Develop Diverse writing platform for more inclusive job ads
• Offered stress management webinars
• Aligned mission, vision, values, and behaviors with updated strategic direction
• Implemented an international position evaluation system and industry benchmarking data tool for salary setting.

Governance Achievements

• No cases of corruption or whistleblower reports in 2022
• Established policies and guidelines with ongoing advisory services and support to assure compliance
• Conduct annual training to ensure all employees understand and comply with the Code of Conduct.

Climate Goals & Targets

Environmental Challenges

• Uneven gender distribution in senior positions
• Ensuring good working conditions at distributor level
• Meeting environmental management system requirements at the Reagents division
• Ensuring third-party manufacturers meet environmental requirements
• Potential product incidents
• Risks associated with corruption and non-compliance with competition law

Mitigation Strategies

• Actively working with inclusive communication to attract and retain more diverse candidates.
• Continuously monitoring new and smaller distribution partners to ensure they meet local requirements for good employment conditions.
• Continued investments in our production facility to ensure we fulfill the environmental certification requirements of ISO 14001.
• Environmental evaluations and audits of third-party manufacturers.
• Comprehensive risk analysis is part of the development of all CellaVision products. Complaints are assessed and trended to always improve the safety and quality of products. Safety is further improved through continuous, structured training of staff and distributors, both online and face-to-face.
• Managing corruption-related risks through activities aimed at reducing the risks of corruption, including reviews of partners from a corruption perspective. All payment flows are checked and approved centrally.
• Regular anti-corruption training is provided in connection with the annual training in the Code of Conduct.

Supply Chain Management

Supplier Audits: 33

Responsible Procurement

• Procedure to assess and control suppliers; PESTLE model used as a guide; standards and certificates considered; more in-depth evaluation for critical goods/services; supplier visits; discussion of social responsibility, environmental requirements, moral and ethical aspects; preference for suppliers aligning with UN Global Compact, SMETA, or similar.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001 (Devices & Software Division)

Third-party Assurance: KPMG AB

UN Sustainable Development Goals

• SDG 3: Good health and well-being
• SDG 4: Quality education
• SDG 5: Gender equality
• SDG 8: Decent work and economic growth
• SDG 9: Sustainable industry, innovations, and infrastructure
• SDG 10: Reducing inequalities

The company's products and solutions contribute to improved healthcare, education, gender equality, decent work, sustainable industry, and reduced inequalities.

Sustainable Products & Innovation

• CellaVision Remote Review Software (environmentally friendly alternative to transporting samples)
• CellaVision Proficiency Software (online training, no transportation needed)