Reforestation/afforestation initiatives (not durable removals) STADA does not report durable removals (DAC, BECCS, biochar). However, the company supports reforestation and afforestation efforts: STADA Slovakia participates in the 'Plant a Tree, Make a Home' initiative (1,200 trees/year, contributing to a 1,000,000 tree reforestation goal by 2027 in High Tatras), and STADA Bulgaria launched a tree planting initiative across four locations in October/November 2024.
▾ expand
Adopted Persefoni carbon accounting software and refined emissions methodology In 2024, the company revisited and refined its carbon calculation methodology. This included the introduction of the carbon accounting software Persefoni®, ensuring the use of up-to-date emission factors from reputable databases such as DEFRA, IEA, and AIB. Enhanced precision of refrigerant emissions and mobile emissions from company cars.
▾ expand
Restated 2020 baseline following divestment of Russian business Adjustments were made to the 2020 baseline and annual emissions figures due to divestments in 2023, mainly the separation of Russian business activities including TechOps and Commercial.
▾ expand
Dependent: Supplier engagement for Scope 3 Cat 1 (purchased goods) ~88% (~599 ktCO2e) of STADA's scope 3 emissions originate from Category 1 'purchased goods and services'. STADA targets 50% of its scope 3 cat 1 suppliers to set science-based targets by 2030. Approximately 50% of category 1 emissions come from the 80 largest suppliers by spend; by Dec 2024 ~25% of cat 1 emissions had committed/aligned to SBTi targets. STADA is a member of RHI (Responsible Health Initiative) and PSCI (Pharmaceutical Supply Chain Initiative).
▾ expand
Submitted SBTi commitment letter including scope 3 supplier engagement target In 2024 STADA committed formally to the Science Based Targets Initiative (SBTi) on near-term targets for Scope 1 and 2 as well as on supplier engagement targets for Scope 3. STADA aims for suppliers responsible for 50% of its scope 3 category 1 emissions to set science-based targets by 2030. Validation planned for 2025.
▾ expand
Eight production sites ISO 14001 certified Eight sites being ISO 14001 certified as of December 31, 2024.
▾ expand
Reorganized reporting along ESG dimensions (preparing CSRD) For the 2024 Sustainability Report, STADA reorganized the structure of reporting along the ESG dimensions instead of along UN SDGs, in preparation for the upcoming EU CSRD reporting. Conducted first double materiality assessment.
▾ expand
Established Human Rights Due Diligence Body In 2024 STADA reinforced its commitment by establishing a dedicated Human Rights Due Diligence Body, tasked with overseeing the implementation and monitoring of human rights standards across the organization, aligned with German LkSG requirements.
▾ expand
EcoVadis rating upgraded from Silver to Gold EcoVadis rating improved from Silver to Gold in 2024; rating score increased from 70 to 76; Top 5% company overall, Top 2% in industry.
▾ expand
CDP score improved from C to B The Carbon Disclosure Project (CDP) score improved from 'C' to 'B' rating score.
▾ expand
see 6 more events →