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)