BeyondSpring Pharmaceuticals, Inc.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Access to Medicine
- Product & Service Safety
- Diversity/Equity/Inclusion
- Supply Chain Management
- Employee Engagement & Satisfaction
- Employee Recruitment, Development & Retention
- Board Composition
- Business Ethics
- Whistleblower Program
- Bribery & Corruption
Environmental Achievements
- Reduced waste in labs by implementing reusable glassware and recycling initiatives.
- Minimized drug screening efforts and used state-of-the-art equipment for greener strategies.
- Reduced value-chain emissions by seeking life science suppliers with similar environmental visions and standards.
- Installed LED lighting, replaced fans and pumps with VFDs, and replaced air dampers in office building.
- Implemented hybrid work model, reducing office energy consumption by more than 50%.
Social Achievements
- Maintained commitment to charitable giving (American Red Cross, St. Jude Children's Research Hospital, etc.).
- Fostered a work environment with notable percentages of female employees and minority ethnicities (as of June 2023: 25% female management, 43% female board committees, 50% other minority ethnicities in management).
- Offered wellness initiatives (health and wellness program, flexible work arrangements).
- Implemented semi-yearly and year-end performance reviews and mentorship programs.
- Offered regular unconscious bias and diversity training.
Governance Achievements
- Established a Code of Ethics and Business Conduct.
- Established three standing committees: Audit Committee, Compensation Committee, and Nominating & Corporate Governance Committee.
- Implemented a Whistleblower Program.
- Procedures and Code of Ethics in place to prohibit bribery and corruption.
Climate Goals & Targets
Medium-term Goals:
- Replacing remaining supply-and-return air dampers before 2030 (office building).
Short-term Goals:
- Replacing steam hot water heaters with electric ones within two years (office building).
Environmental Challenges
- Limited knowledge of water consumption in New York office space.
- Minimal environmental impact but recognition of risks posed by global climate change.
Mitigation Strategies
- Close contact with building management to improve water consumption tracking in the future.
- High standards when partnering with vendors to limit carbon footprint.
- Collaboration with manufacturing vendor (Pii) for waste management.
- Implementation of energy-saving strategies in SEED Therapeutics lab.
Supply Chain Management
Supplier Audits: Periodic evaluations, reviews, and audits; qualification audits every 2 years on key suppliers.
Responsible Procurement
- High standards of ethical conduct, environmental protection, and human rights in procurement practices.
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Access to Medicine
- Product & Service Safety
- Diversity/Equity/Inclusion
- Supply Chain Management
- Employee Engagement & Satisfaction
- Employee Recruitment, Development & Retention
- Board Composition
- Business Ethics
- Whistleblower Program
- Bribery & Corruption
Environmental Achievements
- Reduced energy consumption in office space by more than 50% through a hybrid work model.
- SEED Therapeutics implemented reusable glassware and recycling initiatives, saving hundreds of pounds of plastic consumables each fiscal quarter.
- SEED Therapeutics miniaturized drug screening efforts, using state-of-the-art equipment to reduce waste.
Social Achievements
- 67% of management are female.
- 67% of management are other minority ethnicities.
- Implemented semi-yearly and year-end performance reviews for employees.
- Implemented mentorship programs for employee development.
- Offered wellness initiatives including a health and wellness program and flexible work arrangements.
- Regular team-building activities and cross-functional project opportunities.
Governance Achievements
- 33% of board members are female.
- 50% of board members are other ethnicities.
- Adopted a Code of Ethics and Business Conduct.
- Implemented a Whistleblower Program.
- Established procedures to prohibit bribery and corruption.
Climate Goals & Targets
Environmental Challenges
- Unable to track water consumption in New Jersey office space.
- Minimal understanding of the negative environmental impacts of their business.
Mitigation Strategies
- Close contact with building management to improve water consumption tracking in the future.
- Collaboration with vendors to limit carbon footprint in an environmentally responsible way.
- High standards when partnering with vendors, emphasizing shared values.
Supply Chain Management
Supplier Audits: Qualification audits conducted every 2 years on key suppliers.
Responsible Procurement
- Suppliers are evaluated, reviewed, and audited periodically to ensure that contracted services conform to BeyondSpring quality requirements, contractual obligations and required regulatory compliance.