Implantica AG
Climate Impact & Sustainability Data (2020, 2021)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Strive for all components in Implantica’s products and packaging to be recyclable where possible
- Providing treatments that are safe for both patients and the environment.
- Observe environmental criteria when choosing suppliers
- Lower energy consumption and emission of greenhouse gases in every part of the organization, both during development and manufacturing of components
Social Achievements
- Ensuring patient access to effective treatment by supporting the medical community, working actively with pricing, reimbursement, regulatory approvals and market expansion.
- Acting responsibly and ethically in all we do through high research standards, business ethics and policies aimed at creating a sustainable organization purposed to serve the community.
Governance Achievements
- Optimized board composition through appointment of new chairman
- Furthered board optimization with highly experienced Tomas Puusepp joining the Implantica board.
Climate Goals & Targets
Environmental Challenges
- Covid-19 created a problem for surgeries and sales representative engagement with hospital staff.
- The by far most complicated countries to achieve reimbursement in are France and Austria, where an additional randomized clinical trial is needed.
Mitigation Strategies
- Surgical webinars were launched to facilitate surgeon outreach and training during Covid-19.
- Educational Webinars, virtual lectures were organized to expand the knowledge about RefluxStopTM among surgeons, hospitals and payers.
- The French Health Ministry (HAS) has a system called “forfeit innovation” which provides funding for a randomized trial in France.
Supply Chain Management
Responsible Procurement
- Observe environmental criteria when choosing suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Sustainable Products & Innovation
- RefluxStop™
- UriControl®
- AppetiteControl™
- UriRestore™
- StomaRestore®
- PotencyFlow®
- RectalRestore®
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Good Health and Well-being
Social Achievements
- Established a new competent organization by recruiting more than 20 super competent and motivated personnel.
- Implemented an extensive onboarding process to build a strong company culture.
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic affected elective surgeries and caused delays in market access and product development.
- Shortage of electronic components, especially miniaturized chips, delayed the timeline of smart medical implants.
- Missed the deadline for UriControl® approval due to changes in the European approval system from MDD to MDR.
Mitigation Strategies
- Incorporated a wholly owned subsidiary in the US (Implantica Inc.) in preparation for US market entry.
- Developed a robust market access strategy, including a commercial development team.
- Commissioned a real-world observational registry study and planned a large multinational Randomized Controlled Study to meet reimbursement requirements.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
UN Sustainable Development Goals
- Goal 3
Implantica's mission to provide medical implant solutions contributes to the UN's Global Sustainable Development Goal "Good Health and Well-being".