PolyNovo Limited has completed a climate reporting gap assessment and delivered internal training, while also maintaining its carbon-neutral certification for Australian operations. The company’s commitment to reducing emissions includes the purchase of renewable energy offsets equivalent to 100% of its energy consumption and the installation of rooftop solar panels at its Port Melbourne facility, generating approximately 45.5 MWh of renewable electricity.
Material actions and disclosures
During the financial year, PolyNovo expanded its greenhouse gas (GHG) inventory calculations to include its full global value chain and intends to maintain this approach in future reporting periods. The company also completed a climate reporting gap assessment and delivered internal training on climate-related financial disclosures, supporting its pathway towards AASB S2 compliance.
Forward commitments
PolyNovo aims to progress initiatives to address identified gaps and establish a framework for managing climate-related risks and opportunities. The company continues to purchase renewable energy offsets and generate minimal waste through its manufacturing process, with a commitment to reducing operational waste and water consumption.
PolyNovo’s approach to corporate governance is underpinned by a suite of policies and practices that support each of the eight Principles of Good Corporate Governance. The company’s governance approach takes a zero-tolerance approach to any form of human rights abuses, including modern slavery, and expects all employees, suppliers, subcontractors, and agents to uphold these values.