Climate Change Data

Revance Therapeutics, Inc.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Energy Consumption:4,737,700 kWh/year
Water Consumption:1,200 gallons/day (average); 5,540 gallons/day (maximum)
Waste Generated:~100 gallons of mixed electronic waste/year; ~15 cubic feet of solid waste/week

ESG Focus Areas

  • Innovation and Access
  • Workplace Culture
  • Responsible Business Practices

Environmental Achievements

  • Installed LED lighting in Newark office and moved headquarters to a LEED-certified building in Nashville (60% of office buildings are now LEED-certified)
  • Reduced energy use by installing LED lighting and using occupancy and daylight sensors

Social Achievements

  • 93% response rate in 2022 culture survey, achieving a 78% overall engagement score (vs. global benchmark of 72%)
  • Launched Leadership Edge for Women and Lab to Leader programs
  • Expanded mentorship program
  • Met 100% of corporate people goals in 2022 for the second consecutive year (related to D&I)
  • Improved family planning reimbursement account benefit to be more inclusive

Governance Achievements

  • Increased board diversity (25% ethnic diversity, 38% female representation)
  • Formed an ESG steering committee
  • Conducted first ESG materiality assessment and enterprise risk management assessment
  • Tied a portion of corporate and executive compensation to the achievement of people and D&I goals
  • Completed first pay equity assessment
  • Added responsible drug promotion practices to Code of Business Conduct and Ethics
  • Adopted political contributions policy and director overboarding policy
  • Adopted executive compensation clawback policy

Climate Goals & Targets

Medium-term Goals:
  • Seek ISO 45001 certification for Occupational Health and Safety
Short-term Goals:
  • Improve voluntary employee turnover rate
  • Improve work processes and communication of company strategy

Environmental Challenges

  • Greater-than-normal employee turnover (24.5% in 2022, attributed in part to the COVID-19 pandemic and delays in DAXXIFY® approval)
  • Improving work processes and communication of company strategy
Mitigation Strategies
  • Built an internal talent acquisition team with robust training for hiring managers
  • Implemented processes to remove biases in hiring
  • Organized a cross-functional leadership team to improve communication
  • Investing in system and process mapping exercises

Supply Chain Management

Responsible Procurement
  • Rigorous supplier selection process based on technical, quality, and regulatory requirements; due diligence for new suppliers; compliance with GMP guidelines and FDA regulations

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Sustainable Products & Innovation

  • DAXXIFY® (formulation free of human serum albumin or animal-based components); recyclable packaging for DAXXIFY® (planned for 2023)

Awards & Recognition

  • Deloitte Technology Fast 500
  • Fortune Best Workplaces in Biopharma
  • Great Place to Work (5 consecutive years)