Sustainability

Mission Statement

The mission of BioSpectra, Inc. is to adhere to the principles of carbon reduction through the EcoVadis platform. The key elements of this mission include environmental, human rights, sustainable procurement and corporate social responsibility.

Transparency in Reporting:

BioSpectra strives for transparency in all areas of sustainability through our public listing of our Corporate Sustainability Report (CSR), policy statements, and other initiatives on our website. BioSpectra actively participates in key platforms such as EcoVadis, Manufacture 2030 (M2030), Emitwise, Carbon Disclosure Project (CDP), Net Zero Cloud, Worldfavor and Science Based Targets initiative (SBTi).

Carbon Reduction Initiatives:

BioSpectra is committed to the reduction in carbon emissions, exceeding the Paris protocols with overall reduction goal of 50% by 2030. Our targets are listed on Science Based Targets initiative (SBTi) website with active tracking available on Manufacture 2030, Net Zero Cloud and Emitwise platforms. Currently, we are working towards tracking and reducing our scope III emissions.

The Department of Sustainability and Portfolio Management at BioSpectra is setting environmental, social,and governance goals for the following critical areas:

Climate impact with reduction in scope I, II and III emissions
Product circularity – tracking and reducing our Product Carbon Footprint (PCF)
Overall waste reduction and increase in recycling
Diversity, equity and inclusion (DEI) in the workplace
Ongoing stakeholder dialogue and transparency, both internally with our workforce and externally to our key stakeholders.

For further information, please see our annual Corporate Sustainability Report utilizing the link below and via the toolbar above.

Respectfully submitted on behalf of the entire Senior Leadership and Management Team of BioSpectra,

Paul DiMarco

SVP and Senior Leadership Lead for Sustainability

Corporate Sustainability Report(CSR)

Click here to download

EcoVadis

Environment:

Opertions

Energy consumption & GHGs
Water
Biodiversity
Local & accidental pollution
Materials, chemicals, & waste

Products

Product use
Product end-of-life
Customer health & safety
Enviornmental services & advocacy

Sustainable Procurement:

Supplier enviornmental practices
Supplier social practices

Labor & Human Rights:

Human Resources

Employee health & safety
Working Conditions
Social dialouge
Career management & training

Human Rights

Child labor, forced labor & human trafficking
Diversity, discrimination & harassement
External stakeholder human rights

Ethics:

Corruption
Anticompetitive practices
Responsible information management

https://recognition.ecovadis.com/MDAtgRtS-02gyLE9B2JY1w

Carbon Reduction Program

With the growing need and emphasis on environmental protection, we understand that our role as a manufacturer is to minimize our carbon footprint. We have established processes and procedures that are executed by our Product Portfolio and Sustainability Department and the Department of Environmental, Health, and Safety to ensure the sustainability of our organization and this program.

We currently track scopes I and II emissions data with set reduction targets. We also track upstream scopeIII emissions data, with a main goal of setting targets for scope III reduction.

Additional information can be found on the various online platforms as noted above. BioSpectra strives for transparency in all areas of sustainability, demonstrated by the public listing of our Corporate Sustainability Report, public policy statements and by actively participating in the platforms listed.

Sustainable Procurement

Sustainable Procurement is one of four key sections of EcoVadis. BioSpectra's sustainability program goes beyond the traditional emphasis of this international program. Our company recognizes the importance of constructing in-depth analysis and projects to secure and sustain the raw materials coming from overseas. This involves the ownership of IP for synthetic pathways and manufacturing as well as fully developed programs to secure approved and qualified raw materials through alternate means of transportation to our US manufacturing sites.

For further information, please contact our SVP and Sustainability lead, Paul DiMarco at paul.dimarco@biospectra.us

Corporate Policy Statements

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Biodiversity

At BioSpectra Inc., we recognize the critical importance of biodiversity for the well-being of current and future generations. As a responsible supplier to the Pharmaceutical Industry, we are committed to the evaluation and preservation of land use and environmental impact regarding our current and future business expansion as part of our sustainability program. We will act with accountability as stewards for our local environment by protecting the biodiversity of our facilities and owned property.

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Chemicals & Waste

BioSpectra Inc., is committed to promoting the responsible management of chemicals and waste to protect human health, the environment, and ensure compliance with relevant regulations. To implement these principles, our company will prioritize the safety and health of employees, communities, and stakeholders in all aspects of chemicals handling and waste management. We intend to minimize environmental impact by implementing sustainable practices that reduce emissions, pollution, and resource depletion.

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Employee Health & Safety

BioSpectra Inc., is committed to promoting the responsible management of chemicals and waste to protect human health, the environment, and ensure compliance with relevant regulations. To implement these principles, our company will prioritize the safety and health of employees, communities, and stakeholders in all aspects of chemicals handling and waste management. We intend to minimize environmental impact by implementing sustainable practices that reduce emissions, pollution, and resource depletion.

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Product Carbon Footprint

As part of our commitment to environmental stewardship and sustainability, we have developed this Policy Statement to guide our efforts in measuring, reducing, and mitigating the carbon footprint associated with our products. BioSpectra, Inc. will provide partial PCF (cradle-to-gate*) assessments for each product that is manufactured in our facility**. All product related direct (Scope 1) and indirect (Scope 2) greenhouse gas emissions of the production process will be included in the analysis. The required Scope 3 emissions will also be included. *(not cradle to grave but to gate which means when it leaves our door) ** data to be entered in EMITWISE

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Product End-of-Life

BioSpectra, Inc. is an organization committed to environmental sustainability and responsible corporate citizenship. As such, we recognize the environmental impact associated with the end-of-life phase of our Finished Good Products. This policy outlines our commitment to minimizing this impact through strategic initiatives and return policies, as part of our overall Sustainability Program. BioSpectra, Inc. is committed to reducing any environmental impact caused by end-of-life issues with Raw Materials or Finished Goods.

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RSJ (Risk Assessment and Safe Jobs) and Ergonomics at Work

The purpose of this policy is to ensure the health, safety, and well-being of all employees by implementing effective Risk Assessment and Safe Job (RSJ) practices and promoting ergonomic principles in the workplace. We aim to create a safe and healthy working environment where employees can perform their jobs effectively and without unnecessary risk to their health and well-being. This policy shall be communicated to all employees upon induction and through regular training sessions. Managers and supervisors shall ensure that the policy is understood and adhered to within their respective departments.

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Sustainable Procurement

BioSpectra Inc., recognizes the profound impact our procurement decisions can have on the environment, society, and the economy. Therefore, we are committed to conducting our procurement activities in a sustainable and responsible manner. We have committed to reducing our Scope 1 and Scope 2 carbon emissions by 42% by 2030 from a baseline year of 2022 with a goal of 50% in accordance with the Paris Agreement. This policy statement is built with the intention to act as a guidance for future sustainable initiatives with our organization. Our procurement team is organized by BioSpectra Inc. management and the Department of Portfolio Development and Sustainability.

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Working Conditions

BioSpectra Inc., is committed to providing a safe, healthy, and productive work environment for all employees. We believe that good working conditions contribute to the well-being of our employees and are essential for achieving high levels of performance and job satisfaction. We prioritize the safety of our employees above all else. We adhere to all relevant health and safety regulations and provide necessary training to ensure that our workplace is free from hazards.

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Anti-Discrimination

BioSpectra Inc., is committed to providing a work environment that is free from discrimination and harassment. Discrimination against employees, applicants, or clients on the basis of race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age (40 or older), disability, genetic information, or any other characteristic protected by applicable law is strictly prohibited.

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Child Labor, Forced Labor & Human Trafficking

At BioSpectra Inc., we are committed to upholding the highest standards of ethical conduct in all aspects of our operations. As such, we unequivocally condemn the use of child labor and forced labor in any form. We recognize that child and forced labor are serious violations of human rights and are detrimental to the well-being of individuals and communities.

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Conflict of Interest

BioSpectra Inc., is committed to maintaining the highest standards of integrity and ethical behavior in all aspects of its operations. This Conflict of Interest Policy is designed to ensure that actual, potential, or perceived conflicts of interest are identified and managed appropriately to protect the interests of our organization, our suppliers and customers, its stakeholders, and the common trust.

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Evaluation for Employee Job Performance

The evaluation of employee job performance at BioSpectra Inc., is a critical process aimed at assessing individual contributions, providing feedback for development, and aligning organizational goals with employee performance. The purpose of this policy is to ensure managers and employees are aware of the company’s performance expectations as well as their respective responsibilities.

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Fair Business Practice / Anti-Bribery and Fraud

BioSpectra is committed to conducting its business with honesty, integrity, and transparency. As part of this commitment, we adhere strictly to fair business practices and maintain a zero-tolerance policy towards bribery and fraud in any form.

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Living Wage

At BioSpectra Inc., we recognize the critical importance of ensuring that all employees earn a living wage that meets their basic needs. A living wage not only promotes financial stability and security but also fosters a more motivated and productive workforce. We are committed to implementing and maintaining policies that ensure every employee receives compensation and essential benefits that allows them to meet their essential needs, including housing, food, healthcare, and transportation.

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Workplace Diversity, Equity and Inclusion

BioSpectra is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion. Our human capital is the most valuable asset we have. The collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, self-expression, unique capabilities and talent that our employees invest in their work represents a significant part of not only our culture, but our reputation and company’s achievement as well. We embrace and encourage our employees’ differences and characteristics that make our employees unique.

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Risk Exposure to Minors

It is the official hiring policy of BioSpectra not to hire Minors for permanent employment, defined as “persons under the age of Eighteen Years of Age”. Since it is legal to hire minors in the Commonwealth of PA with legitimate working papers under the conditions of the PA Child Labor Act, and since from time to time BioSpectra may allow the employment of an intern, who may be a minor and related to an employee in good-standing, or may allow a minor access to our facilities or volunteer at company events, or may work with a contractor or third party who interact with minors, we hereby institute this formal policy statement.

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Whistleblower Policy

It is the responsibility of BioSpectra, Inc. to ensure that it has a work environment that is safe, free of discrimination, illegal, and unwarranted conduct. BioSpectra, Inc. has implemented a “See it, say it” report system to prevent any forms of unethical, abusive, or unprofessional behavior, illegal activity or other code of conduct violations or concerns.

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