ImmuCell Corporation
Climate Impact & Sustainability Data (2023, 2024-09-30)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Reducing antibiotic use in food-producing animals
- Improving milk quality
- Improving animal welfare
Environmental Achievements
- Not disclosed
Social Achievements
- Reduced reliance on antibiotics in livestock through preventative products (First Defense®) and a new treatment for mastitis (Re-Tain®) that does not require milk discard.
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Exceed $35 million in annual total product sales within four years of Re-Tain® market launch.
Short-term Goals:
- Increase and stabilize supply of First Defense®, regain lost business, and re-establish growth curve.
- Achieve sales growth exceeding $17.5 million.
Environmental Challenges
- Product contamination events impacting production output and sales.
- Supply chain disruptions and inflationary pressures increasing costs.
- High order backlog due to production shortfalls.
Mitigation Strategies
- Implemented improvements at the source farm level, including more product and environmental testing, more training of farm staff, and better enforcement of protocols.
- Improved production processes and controls to support large-scale production.
- Investing in capacity expansion to meet growing demand.
- Seeking insurance benefits to offset losses from contamination events.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Adverse weather conditions impacting colostrum supply and customer operations.
Transition Risks
- Regulatory changes impacting antibiotic use in livestock.
- Consumer preferences shifting away from animal products.
Opportunities
- Development of energy-efficient products and processes.
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 3 (Good Health and Well-being)
- Goal 12 (Responsible Consumption and Production)
- Goal 15 (Life on Land)
Initiatives contribute to these goals by reducing antibiotic use, improving animal health and welfare, and promoting sustainable agricultural practices.
Sustainable Products & Innovation
- First Defense® (reducing antibiotic use)
- Re-Tain® (alternative to traditional antibiotics)
Awards & Recognition
- Not disclosed
Reporting Period: 2024-09-30
Environmental Metrics
Climate Goals & Targets
Medium-term Goals:
- Exceed $35 million in annual product sales within four years of Re-Tain® launch.
Short-term Goals:
- Increase and stabilize product supply.
- Regain lost business and re-establish growth curve.
- Achieve approximately $24 million in sales during 2024.
Environmental Challenges
- Production contamination events impacting inventory and sales.
- Supply chain disruptions and rising costs of goods sold.
- Global economic uncertainty and inflation.
Mitigation Strategies
- Implemented new production controls to remediate contamination issues.
- Increased selling prices to offset rising costs.
- Secured debt financing to offset lost sales and margin.
- Exploring strategic partnerships to reduce product development expenses.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Altered rainfall, droughts, flooding, wildfires, rising sea levels, and heat index.
Transition Risks
- Changes in regulations or consumer preferences related to livestock production.
Sustainable Products & Innovation
- Re-Tain® (alternative to traditional antibiotics).