Pharmanovia
Revitalise iconic medicines; improve patient health globally.
Pharmanovia breathes new life into medicine; acquiring well-trusted, iconic brands and re-engineering those within their established portfolio. Patients are at the heart of Pharmanovia. Their ethos of improving patient health drives their attitude and commitment to be respectful, ethical and sustainable in every thing they do.
The Pharmanovia team, partners and investors are all driven to improve their environmental impact. This began their relationship with Seismic, aiding the calculation and reporting of their full Scope 1–3 carbon footprint, to accelerate their sustainability ambition.
Meaningful carbon reporting with a quick turnaround
Pharmanovia had taken the first essential steps of calculating their Scope 1 and 2 emissions. However, they were keen to go beyond industry standard efforts. Due to the nature of their business, most of their emissions come from their supply chain. To produce the most meaningful report, it was clear that the inclusion of this element of their business was essential.
They aimed to calculate their full carbon footprint as soon as possible to kick-start their various emission reduction strategies. Furthermore, a quick turnaround would allow the inclusion of the emissions analysis within their sustainability report; presenting a true reflection of their environmental impact to stakeholders – it was a challenge worth undertaking.
“Seismic were the partners we needed to keep us ahead of the curve. Their meaningful support and advice helped us to achieve great outcomes, just when we needed them the most.”
Expert advice and quality data, to forge the pathway to net zero
Pharmanovia are trailblazers, forging the way in medical innovation and pharmaceutical life cycle management. They needed to move quickly to stay ahead of the game, they sought a sustainability partner with the expertise and drive to match their pace and calibre.
Opportunities for emissions reductions were identified, including the switch from air to sea freight and influencing more procurement of renewable energy. Alongside driving long-term sustainable growth, these created an additional benefit in the form of economic savings.
Pharmanovia found a partner in Seismic that delivered high quality, at pace. They are now more informed and equipped than ever to drive carbon savings for the business.
Acting fast is vital, Pharmanovia are leading the charge
With a thorough calculation of Pharmanovia’s carbon footprint delivered, it is clear that carbon drivers sit in their supply chain. Scope 1 and 2 emissions – the only scopes formally reported by many of their competitors – amount to less than 1% of the emissions for this type of business – which is where Scope 3 comes in.
With both initial projects delivered in the required short time frame, Seismic continues to work in partnership with Pharmanovia on their broader Net Zero Strategy.
“It has been a real pleasure working with Joe and the team. From the start, Seismic were able to take really complex concepts and translate them into a language that we could understand, providing invaluable advice, identifying innovative pathways and opportunities for Pharmanovia to pursue.”
An action tracker tool has been set up, keeping the momentum up in Pharmanovia’s carbon reduction journey and getting them ready for the next chapter.
With a business model built around zero waste, a global reach, strong principles and partnerships, plus projects already scoped, including an ESG scorecard for suppliers, Pharmanovia are brilliantly placed to achieve a seismic shift!
>1%
of carbon emissions fall within scope 1 & 2
10%
of the workforce volunteer on ESG committees
100%
formal accountability of C-Suite and all reports for ESG
Start your carbon journey
With over 47 years of collective carbon consulting experience and 100+. years of sustainability experience, we are passionate about preparing businesses for a low carbon future.