Venture Life Group plc

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:13,243,773 kg CO2e/year (2023)

Scope 1 Emissions:366,996 tCO2e/year (2023)

Scope 2 Emissions:335,018 tCO2e/year (2023)

Scope 3 Emissions:10,493,026 tCO2e/year (2023)

Renewable Energy Share:59% at Gnesta (2023), 14% at Biokosmes (2023)

77% reduction in carbon emissions from transport at Biokosmes (2022)
23% reduction in heating consumption at Biokosmes (2022)
18% of waste material recycled at Biokosmes (2022)
59% of electricity generated from renewable sources at Gnesta site (2023)
59% of waste recycled at Gnesta site (2023)
14% of electricity generated from solar panels at Biokosmes site (2023)
34% of paper and plastic waste recycled and recovered at Biokosmes site (2023)
50% reduction in water used on washing tools at Biokosmes site (2023)
Pivoted to environmentally friendly, recycled and recyclable consumables used in the UK office (2023)
Recycled all coffee pods and batteries in the UK office (2023)

Expanded workforce from 153 to 165 employees
Launched internal ESG communication newsletter
Implemented "HEALTHY WEEKS" campaign for employee well-being
Launched three-tier SEEDL training program
Introduced quarterly employee events
Initiated electric vehicle scheme in partnership with Octopus
58% female staff in UK head office (2023)
11% of UK head office workforce holding foreign nationality (2023)
60% female staff at Biokosmes (2023)
20% of Biokosmes workforce holding foreign nationality (2023)
57% of employees participated in a healthy program focused on fighting addictions (2023)
Products donation to communities, including Berkshire Women’s Aid (2023)
Launched Apprenticeship scheme (2024)

Biokosmes obtained EcoVadis Silver Medal (2023)
Biokosmes filed for B Corp certification (2023)
Implemented common ESG practices across all units (2023)
Established carbon footprint (2023)
Quality management system project launched for UK head office (2023)
100% customer satisfaction rate for supplying new sustainable packaging material (2023)

Long-term Goals:

Medium-term Goals:

Short-term Goals:

Reduction in demand for products
Customer-specific risk (concentration of revenue from a small number of customers)
Delays in regulatory approval
Supply chain risk
Higher interest rates and perceived risk of debt
Rising raw material costs (although stabilizing in 2023)
MDR compliance transition

Diversification of product portfolio through organic innovation and M&A
Diversification of customer portfolio by expanding into new channels and geographies
Close collaboration with distribution partners to support regulatory approvals
Working with a variety of vendors to avoid over-reliance on any one supplier
Strengthening list of approved backup suppliers
Adhering to safety policies and installing fire prevention systems
Focus on organic growth and rapid debt reduction
Customer price increases, alternative sourcing, and renegotiation of supply arrangements
Investing in MDR compliance (£1.5 million invested in 2023, with another £1.5 million expected over the next four years)

Frameworks Used: GRI, EcoVadis, B Corp

Certifications: ISO 9001:2015, ISO 13485:2016, ISO 22716:2008, MDSAP, ISO 45001

Third-party Assurance: CLA Evelyn Partners Limited

Commitments aligned against relevant SDGs