Climate Change Data

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.