Climate Change Data

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.

Climate-Related Risks & Opportunities