Simulations Plus, Inc.
Climate Impact & Sustainability Data (2020, FY2023)
Reporting Period: 2020
Environmental Metrics
Renewable Energy Share:100% at Lancaster, CA location
ESG Focus Areas
- Governance
- Environment
- Social
- Human Capital
Environmental Achievements
- Switched Lancaster headquarters to 100% renewable energy through Lancaster Choice Energy’s Smart Choice program.
- Reduced the number of physical servers in the Buffalo, NY data center from 140 to 60 units through virtualization, improving energy efficiency.
- Implemented company-wide recycling efforts.
Social Achievements
- Supported academic research through partnerships, software donations, and sponsorships.
- Funded awards and postdoctoral research.
- Participated in the GivingTuesday movement, donating food, clothing, and financial support to organizations serving those in need.
Governance Achievements
- Implemented a new unified Corporate Code of Business Conduct and Ethics.
- Created a Corporate Data Protection Officer to standardize and advance the company-wide Data Protection & Customer Privacy framework.
- Established a cross-functional ESG Steering Committee (in the process of being formed).
Climate Goals & Targets
Short-term Goals:
- Full implementation of company-wide Quality Management System (QMS).
Environmental Challenges
- Need for greater board diversity.
- Need for a fully implemented company-wide Quality Management System (QMS).
Mitigation Strategies
- Nominating Committee committed to considering qualified directors of diverse backgrounds.
- Leveraging Cognigen's existing QMS to implement a company-wide system.
Supply Chain Management
Responsible Procurement
- Vendor Qualification Process assessing cybersecurity, BC/DR planning, and employee compliance programs.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, GRI
UN Sustainable Development Goals
- Goal 3
- Goal 4
- Goal 5
- Goal 8
- Goal 9
Alignment with SDGs based on core business and citizenship initiatives.
Reporting Period: FY2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced footprint of US-based facilities by 35% from 19,300 sf to 12,400 sf.
- Established a process to gather GHG emissions data points and set targets for expected SEC disclosure requirements.
- Implemented LearnUpon LMS and Adobe e-signature to reduce in-person training travel and printed materials with virtual on-demand programs using digital materials.
Social Achievements
- Expanded University+ program to 307 free software licenses across 51 countries to further education in our industry and support the next generation of scientists.
- Established a paid parental leave program to support working parents.
- Implemented employee engagement & recognition software to further promote and foster a culture of appreciation and inclusion.
- Conducted employee engagement survey to ensure culture alignment and success of internal programs and benefits.
Governance Achievements
- Updated company privacy policy and processes in the PDP Program to reflect changes to global personal data protection laws.
- Developed and published Human Rights Policy to support our commitment to human rights.
- Engaged a third-party consulting firm to carry out a board evaluation process and joined NACD to support ongoing director education.
- Implemented pay vs. performance analysis for SEC disclosure of company financial performance measure used to determine executive compensation.
- Updated Code of Conduct policy to reflect that we and our business partners meet the standards of business governance, environmental sustainability, and human rights.
Climate Goals & Targets
Environmental Challenges
- Software renewal timing changes
- Small biotech churn
- General market dynamics: inflation, recession & forex
Mitigation Strategies
- Software renewal timing changes completed
- ASR program has been completed
- Immunetrics acquisition completed in Q4’23
- Appointed new CRO to lead sales effort
- Reorganized operations to put clients first
- Focus on supporting accelerated growth in distributor network