SourceBio International Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1,001.1 tCO2e/year
Scope 1 Emissions:329.1 tCO2e/year
Scope 2 Emissions:672.0 tCO2e/year
Total Energy Consumption:3,580,511 kWh/year
Carbon Intensity:26.3 tonnes of CO2e per £ million of revenue
ESG Focus Areas
- Employee well-being
- Ethical conduct
- Environmental responsibility
- Health and safety
- Community involvement
Environmental Achievements
- Modestly decreased carbon footprint
Social Achievements
- Maintained competitive staff compensation levels to attract and retain high-caliber personnel
- Regularly briefed employees on Group activities through monthly newsletters or line management briefings
- Donated £170,000 of trauma kits and COVID-19 lateral flow tests to Ukraine
Governance Achievements
- Continued to risk assess all relevant procedures and processes, implementing and reinforcing the Group’s Anti-Bribery and Corruption Policy with employees, suppliers, and customers
Climate Goals & Targets
Environmental Challenges
- Reduced revenue due to decreased demand for COVID-19 PCR testing
- Risk of pathologists being deemed employees instead of contractors
- Maintaining ISO 15189 accreditation
- Risk of data breaches and non-compliance with GDPR
- Competition
- Dependence on political attitudes and decisions affecting healthcare
- IT infrastructure failures and cyber-attacks
- Regulatory risks
- Risks associated with acquisitions
Mitigation Strategies
- Pivoted away from COVID-19 PCR testing to focus on core business units
- Regularly reviews working arrangements with pathologists in light of relevant legislation
- Implemented clear policies and procedures to ensure compliance with ISO 15189 and other quality standards
- Established procedures to minimize data breaches
- Maintains close contact with customers to assess competitive threats
- Diversified offering across three business units
- Invests in high-quality people, equipment, and procedures to minimize IT and cyber security risks
- Invests heavily in staff and procedures to ensure compliance with best practice and regulatory bodies
- Detailed due diligence and robust legal processes for acquisitions, establishing integration teams
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GHG Protocol Corporate Accounting and Reporting Standard
Certifications: ISO 15189