Climate Change Data

Environmental Metrics

ESG Focus Areas

• Business innovation
• Product stewardship
• Supply chain management
• Capacity building for employees and nurturing industry experts
• Establishing a culture of great workplace
• Strengthening shareholder/governance responsibility
• Bolstering workplace health and safety management
• Improving ESG disclosure and communication
• Reducing waste generation
• Strengthening GHG emissions reduction management
• Establishing an environmental management system
• Enhancing business ethics
• Efficient remuneration system for management
• Strengthening financial/non-financial risk management
• Enhancing customer data privacy
• Implementing strategic corporate citizenship activities

Environmental Achievements

• Reduced Styrofoam waste by shifting to multi-use containers for product shipment
• Replaced a portion of packaging materials with eco-certified ones (KRW 16.4 million spent in 2021)

Social Achievements

• Hired 302 new R&D employees (50.1% of total workforce)
• Established an employee training system and a self-initiated learning platform
• Operated a degree support program
• Created a training program to share Seegene’s values and culture
• Established and operated a communication platform to improve organizational culture
• Declared commitment to human rights management and operated the Grievance Counseling Center
• Donated KRW 4 billion to the Community Chest of Korea in 2020 and KRW 4.995 billion in 2021 (including donations of diagnostic kits and instruments)

Governance Achievements

• Improved internal accounting control system
• Stipulated and/or amended internal accounting control regulations, internal accounting control operational guidelines, compliance control standards, compliance control standards implementation guidelines, and internal audit regulations
• Appointed the Compliance Officer
• Created a dedicated compliance support organization
• Strengthened the management of domestic/overseas sales channels through tighter compliance management
• Provided compliance training

Climate Goals & Targets

Environmental Challenges

• Shortage of diagnostic kits amid the surge in confirmed COVID-19 cases
• Increasing risk faced by the healthcare system which completely relies upon global supply chains
• Healthcare professionals commented on the possibility of bleeding among infants during PCR testing and the need for collecting saliva/throat specimens

Mitigation Strategies

• Established overseas subsidiaries
• Successfully entered the global public procurement market
• Developed a diagnostic kit capable of differentiating infections caused by COVID-19 variants
• Combined saliva testing with COVID-19 diagnostic kits

Supply Chain Management

Supplier Audits: Around 60% of Seegene’s third-party warehouse suppliers have been certified under the (KGSP) Korea Good Supplying Practice program.

Responsible Procurement

• Partner Code of Conduct (covering labor, human rights, health & safety, environmental protection, supply chain, and compliance with ethical standards)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (Core options), SASB

Third-party Assurance: Korea Management Registrar

Awards & Recognition

• Youth-friendly Hidden Champion (Ministry of Employment and Labor)
• 2020 LMCE Plague of Appreciation (Korean Society for Laboratory Medicine)
• Korea Job Achievement Award (Presidential Committee on Jobs)
• 2021 Youth-friendly Hidden Champion (Ministry of Employment and Labor)
• 2021 LMCE Plague of Appreciation (Korean Society for Laboratory Medicine)
• 2021 Innovative Medical Device Maker Award – Minister Prize (Ministry of Health and Welfare)
• 2021 SW Quality Innovation Award – Minister Prize (Ministry of Science and ICT)
• USD 1 Billion Export Tower on the 58th Trade Day (Ministry of Trade, Industry and Energy)
• Brand Top on the 58th Trade Day – Allplex (Ministry of Trade, Industry and Energy)
• Excellent Institution for Supporting the Overseas Expansion of Medical Business in 2021 (Korea Health Industry Development Institute)
• Venture Company Achieving KRW 100 billion in Sales (Ministry of SMEs and Startups)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Developed a new patented eco-friendly packaging box, replacing Styrofoam boxes and improving thermal insulation by 25% while reducing transportation costs by 12%
• Increased purchase of eco-friendly packaging materials by 55%

Social Achievements

• Established the ESG Committee under the Board of Directors
• Provided ESG internalization training to raise employee awareness
• Launched AIOSTM (All-in-One System) that fully automates the PCR process
• Allplex™ SARS-CoV-2/FluA/FluB/RSV Assay obtained approval in the EU for its application to AIOS
• Allplex™ SARS-CoV-2 Assay was awarded the ‘Product of the Year Award’ at the BioSpectrum Asia Excellence Awards in 2022

Governance Achievements

• Established the ESG Committee under the Board of Directors to oversee ESG management
• Implemented ethical/compliance management and fully disclosed ESG activities and achievements to stakeholders
• Made quarterly dividend payments and repurchased treasury shares to bolster shareholder value
• Upgraded information security system through server/DB access control, DB encryption, server vaccine installation, and web firewall deployment
• Established a company-wide chemical substance management system

Climate Goals & Targets

Environmental Challenges

• Transition of COVID-19 from pandemic to endemic impacted sales of COVID-19-associated products
• Intensifying competition to attract talent in the biopharmaceutical industry
• Increasing human rights/labor rights risks in line with tightening human rights regulations
• Increasing costs and management risks in line with tightening supply chain management regulations
• Expanding risk of responding to tightening health and safety laws and regulations
• Increasing stakeholder expectations for corporate social responsibility
• Tightening information security regulations
• Increasing issues to respond to tightening environmental laws and regulations

Mitigation Strategies

• Focused on promoting a wide range of syndromic test products and automation instrumentation business, resulting in a 31% year-over-year growth of non-COVID products
• Systematically managing training to assist employees in building their capacity and developing into professionals
• Launched SG OneSystemTM to establish a collaboration network to share Seegene’s syndromic PCR technology
• Rigorously managing clinical trials in conformity with IRB regulations and monitoring the entire product lifecycle
• Established the ESG Committee under the Board of Directors to oversee ESG-related issues
• Implemented ethical/compliance management and fully disclosed ESG activities and achievements to stakeholders
• Improved vulnerabilities through remote web firewall monitoring, assessing corporate data leaks, and reviewing production equipment for vulnerabilities
• Established an environmental management system and stipulated the environmental management policy
• Purchased eco-friendly packaging materials and developed eco-friendly packaging

Supply Chain Management

Supplier Audits: Regular annual assessments, including ESG categories since 2022

Responsible Procurement

• Partner Code of Conduct covering labor, human rights, health & safety, environmental protection, supply chain, and compliance with ethical standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, ISSB, SASB (Medical Equipment & Suppliers industry standard), UN SDGs

Third-party Assurance: BSI (British Standards Institution)

Sustainable Products & Innovation

• Eco-friendly packaging box

Awards & Recognition

• Allplex™ SARS-CoV-2 Assay: ‘Product of the Year Award’ at the BioSpectrum Asia Excellence Awards in 2022

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Developed and patented recyclable, eco-friendly packaging boxes in 2022.
• Obtained ISO 45001 certification for nine business sites.

Social Achievements

• Opened Seegene Daycare Center.
• Conducted first human rights impact assessment.
• Launched Technology-Sharing Initiative and Open Innovation Program.

Governance Achievements

• Established ESG Committee under the Board of Directors.
• Transitioned from a single representative system to a joint representative system.
• Achieved 100% BOD attendance rate.

Climate Goals & Targets

Environmental Challenges

• Decline in COVID-19-related product sales.
• Intensified competition in the pharmaceutical and biotechnology industry.
• Global economic downturns and wars.

Mitigation Strategies

• Focused on reducing dependence on COVID-19 related products by introducing syndromic testing products and increasing mass testing through automated equipment.
• Launched Technology-Sharing Initiative and Open Innovation Program to secure future growth drivers.
• Strengthened internal control systems to protect against risks.

Supply Chain Management

Supplier Audits: 100% of equipment suppliers audited regularly.

Responsible Procurement

• Partner Code of Conduct
• Annual supplier evaluations
• ESG capability management of suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather phenomena

Transition Risks

• Fortified climate change and environmental regulations
• Climate response capabilities considered as determining factor of contract signing/extension

Opportunities

• Improving energy efficiency
• Creating new markets for climate change-related diseases

Reporting Standards

Frameworks Used: GRI Standards, SASB guidelines for Medical Equipment & Supplies sector, TCFD recommendations, UN SDGs

Certifications: ISO 13485, ISO 9001, ISO 45001, MDSAP, KGMP

Third-party Assurance: British Standards Institution (BSI)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Recyclable packaging boxes
• Improved enzyme master mixes

Awards & Recognition

• Platinum Award LACP 2023 Spotlight Awards