BioArctic AB
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Patient safety and product quality
- Employee well-being and work environment
- Environmental sustainability
- Ethical conduct and compliance
- Innovation
Environmental Achievements
- Introduction of an updated vehicle policy permitting only electric and hybrid vehicles.
- Gradual transition to LED lighting in the office.
- Waste sorting implemented.
- Gradual replacement of laboratory freezers with more energy-efficient models.
- Signed a green lease with environmentally certified property using renewable or climate-neutral energy.
Social Achievements
- Implementation of an updated Code of Conduct, mandatory for all employees.
- Updated whistleblower function, made available externally.
- Initiated new policies on anti-corruption and compliance.
Governance Achievements
- Appointment of a Corporate Sustainability Director.
- Conducted a materiality assessment and stakeholder dialogues.
- Conducted a GAP analysis to identify activities needed for CSRD compliance.
Climate Goals & Targets
Environmental Challenges
- Meeting the increasing legal requirements for sustainability reporting (CSRD).
- Establishing increased transparency around data for sustainability reporting.
Mitigation Strategies
- Developed a structured sustainability agenda.
- Conducted stakeholder dialogues and materiality assessments.
- Defined measurable goals and key ratios for reporting.
- Initiated a survey of environmental impact from operations.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: CSRD
UN Sustainable Development Goals
- Goal 3: Good Health and Well-being
Developing drugs to counteract and treat diseases of the brain.