Environment

For Formycon, the topic of climate change mitigation and energy is particularly important. This is due to the high energy consumption and the greenhouse gas emissions generated during the development, production and distribution of our biosimilars along the value chain. It is therefore particularly important to consistently and permanently reduce greenhouse gas (GHG) emissions in our value chain and implement resource-saving and material-efficient processes. For this purpose, we calculated our own GHG emissions in 2023 and will expand the GHG balance to include the upstream and downstream value chain in 2025.

Based on the emissions analysis, we will develop a climate strategy to continue our path to reducing our GHG footprint. In line with this, we are implementing an Energy management system certified according to ISO 50001, and will expand the certification to include the environmental management system ISO 14001 by 2026. We also aim to  work together with our strategic business partners on ESG topics along the value chain and are in the process of including sustainability criteria for both existing and new partnerships. An important step in setting binding values for cooperation with our partners was the development of our Supplier Code of Conduct in 2024. This complements our Supplier Code of Conduct, which defines our values and constitutes the framework for working with our partners.

Conserving resources and ecological diversity

In addition to curbing climate change, the preservation of ecological diversity has a high priority. To achieve this, the responsible use of water as a resource and the implementation of circular business processes where possible, are essential in our business model. In recent years, we have for instance implemented measures at our own site to save water and to improve waste handling, e.g. by separating waste. However, the greatest negative effects are primarily to be found in the downstream value chain – in the manufacturing and product end phase. That is why we want to engage more with our business partners and work on solutions together.