Bio-Techne Corporation
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:17,290 tCO2e/year
Carbon Intensity:10.5 kgCO2e/square foot in 2022
ESG Focus Areas
- Our People
- Advancing Science
- Governance & Operational Integrity
- The Environment
Environmental Achievements
- Expanded Scope 1 and Scope 2 GHG emissions reporting to include all sites in 2022.
- Redesigned plastic secondary packaging to recyclable paper-based materials, resulting in 45,000 fewer plastic vial shippers.
- Reclaimed 5,500 thermoformed plastic kit sets, avoiding nearly $10,000 worth of plastic scrap.
- Redesigned and deployed improved double-wall cardboard shippers with reduced ink usage.
- Optimized coolant materials in shippers to reduce shipping-related carbon footprint.
- Designed bulk packaging to reduce overall packaging materials used.
Social Achievements
- Achieved 77% positive feedback in the 2022 employee engagement survey.
- Implemented 395 action plans to respond to employee feedback.
- Improved communication through regular round table discussions with senior leaders.
- Invested in improved systems and tools to improve employee productivity.
- Expanded eligibility for long-term incentives.
- Offered flexible and hybrid working.
- Expanded resources for well-being and mental health.
- Hired over 600 new employees, including key leadership.
- Paid nearly $330,000 in referral bonuses.
Governance Achievements
- Board oversees Bio-Techne’s strategy and risk management initiatives.
- Established four Board Committees comprised entirely of independent directors.
- Implemented data collection for GHG emissions.
- Expanded ISO 14001 facilities.
- Lowered energy consumption.
- Continued investment in cybersecurity program.
- Implemented multi-factor authentication for email accounts and external network access.
- Updated and expanded data and cybersecurity training for employees.
Climate Goals & Targets
Short-term Goals:
- Reduce water consumption.
- Increase use of renewable electricity sources.
Environmental Challenges
- Global talent acquisition, engagement, and retention challenges.
- Supply chain disruptions.
- Cybersecurity threats.
Mitigation Strategies
- Focused on seeding a future talent pipeline, fortifying culture, co-creating recruiting strategies, integrating learning and development, and optimizing talent systems.
- Implemented strategies to increase inventories of high-risk inputs, collaborate with strategic suppliers, and improve demand planning processes.
- Continued investment in cybersecurity technologies, employee training, and incident response planning.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Conflict Minerals Report
- Risk management of critical materials
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, TCFD
Certifications: ISO 13485, ISO 9001, ISO 14001, MDSAP, CLIA, CAP
Sustainable Products & Innovation
- Maurice Flex cartridge & reagent kit with paper packaging.
Awards & Recognition
- Charitable Initiative of the Year from CiteAb