Castle Biosciences, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:755.08 MtCO2e (2021)
ESG Focus Areas
- Culture of Inclusion
- Environmental Impact
- Strong Governance
Environmental Achievements
- Published an Environmental Policy Statement
- Measured Scope 1 and 2 GHG emissions at 755.08 MtCO2e for 2021
- Increased use of digital solutions to reduce energy usage and carbon footprint
- Developed a Vendor Code of Conduct
Social Achievements
- Developed a diversity, equity and inclusion (DEI) statement
- Workforce was 66% female and 26% ethnically or racially diverse (self-reported) as of December 31, 2022
- 81% of employees indicated they are “engaged” or “enthusiastically engaged” in the company culture (compared to a healthcare benchmark of 53%)
- Implemented policies and training focused on non-discrimination and harassment prevention
- Engaged with minority colleges to recruit diverse talent
Governance Achievements
- Amended Audit Committee Charter to delegate oversight of ESG program to the Audit Committee
- Adopted stock ownership guidelines for directors and executive officers
- Adopted a clawback policy
- Adopted a director time commitment policy
- Published a Vendor Code of Conduct
Climate Goals & Targets
Environmental Challenges
- Disappointing Say-on-Pay vote at the 2022 Annual Meeting (41% support)
Mitigation Strategies
- Conducted a robust stockholder outreach program to understand investor concerns
- Implemented significant changes to the executive compensation program, including performance-based equity, a clawback policy, stock ownership guidelines, and a director time commitment policy
- Expanded executive compensation disclosure in the proxy statement
Supply Chain Management
Responsible Procurement
- Vendor Code of Conduct