Materiality software for life science companies

Simple sustainability reporting for those making scientific progress towards a cleaner and greener industry.

Medical Technologist looking at a microscope inside a Socialsuite circle

Material topics for the
life sciences industry

Socialsuite provides industry-specific topic lists for Environmental, Social, and Governance (ESG) within our materiality assessment software. These topic lists are compiled from various standards, frameworks, regulations, and benchmarking analyses. We offer a streamlined industry-specific starting point for companies to begin their materiality assessment.

Environmental

GHG Emissions

Waste and hazardous materials management

Water and Wastewater Management

Biodiversity

Energy Management

Material Usage & Recycling

Climate Adaption, Resilience, and Transition

Governance

Materials Sourcing & Efficiency

Systemic Risk Management

Management of the Legal & Regulatory Environment

Business Ethics

Product Design & Lifecycle Management

Supply Chain Management

Physical Impacts of Climate Change

Economic Performance & Impacts

Management of the Legal & Regulatory Environment

Procurement Practices

Public Policy

The only sustainability solution your tech-stack needs

Secure your future in sustainability with Socialsuite. The pharmaceutical and biotech industry’s source-of-truth for materiality reporting and advancement.

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Step 1

Contact our dedicated team

With robust sustainability qualifications and an extensive set of resumes, our coaches are equipped to help you and your team to take your first step with ESG.

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Step 2

Create & release your materiality report

Choose relevant material topics, select your stakeholders, distribute the materiality survey, collect real-time results, review the materiality matrix, and publish your data-driven materiality report.

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Step 3

Make real, measurable progress

Set goals, meet targets and devote consistent time to sustainability alongside our coaches - all while continuously working towards a full set of disclosures.

The future of sustainability for Life Sciences is with Socialsuite

Whether you're working on clinical trials, drug discovery, or technology development, Socialsuite is the new standard for sustainability and materiality reporting.

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Access To Capital

Investors care about ESG. Build ESG credentials to enhance your eligibility and ability to attract long-term capital and favourable financing conditions.

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ESG Compliance

Take a proactive approach to emerging global regulation by reporting against a comparable, standardized, and structured ESG framework - without technical ESG jargon.

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Lift Brand Reputation

Companies are at an increased risk of director liability and greenwashing perceptions. ESG helps to enhance company reputation and perception with stakeholders.

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Profitability and Growth

ESG reporting can create company-wide financial value by identifying cost-saving opportunities, driving continuous improvement and enhancing market differentiation.

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ESG in your Supply Chain

ESG is mission critical for global supply chains. Executives and supply chain leaders are meeting the world’s net-zero challenge head-on. Commit today, or get left behind.

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Climate Progress

Every company needs ESG at the core of its business strategy to create real change. As an innovative industry, there's a critical need to balance sustainable practices and ESG considerations.

Latest resources

Stay up-to-date on the latest industry news.

ESG and Sustainability Single and Double Materiality Software

Learn the basics of what a materiality assessment is and why it's important. Then dive into the differences between single and double materiality.

Sustainability Trends to Watch in 2024

2024 is shaping up to be a year where organizations continue the evolution of their ESG and sustainability priorities. Discover what trends may shape the sustainability environment for companies in the year ahead.

Start ESG with Materiality

Dr. Tim Siegenbeek van Heukelom discusses why ESG strategy, initiatives, and reporting all start with identifying your material sustainability topics.

FAQs

Didn’t find the question you were looking for?

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How do I know which ESG Framework is right for my company?

While regulatory requirements and enforcements vary around the world, it is universally expected that mandatory disclosures will become increasingly prevalent. That’s why it’s important to start benchmarking performance now – ideally against a globally recognized framework like the World Economic Forum’s Stakeholder Capitalism Metrics. This will protect your company’s market position while local regulations continue to evolve – and will also give you a robust model for mitigating compliance risks.

How do I know when my company is ready to report on ESG?

Starting your reporting journey today is one of the best ways to show your commitment and dedication to ESG transparency standards, and there's no need to wait for perfection before beginning - metrics can always be improved over time. Plus, there is likely a great deal of relevant work your company is already doing. ESG is about making these activities visible to the market. Socialsuite helps you find those quick wins, then we talk about how you can progress and improve your ESG credentials over time.

My investors don’t care about ESG. Why should I start reporting?

The days of investors focusing solely on financial statements are long gone. If you want to attract retail investors, institutional investors or fund managers, you’ll need to meet ESG criteria. Society, investors, consumers and employees are expecting companies to grow in a financially sustainable, yet environmentally viable way. ESG isn’t just used by socially conscious investors to screen companies prior to investing, it’s also looked at by customers, consumers and employees when they’re making decisions about what companies to get behind. ESG is a global priority, so if ESG is not a priority for your business, ask yourself why.

Does my company need to report on ESG?

Action on ESG is essential for companies seeking investor dollars, regulatory approvals, and the social license to operate. As companies, large and small, face increasing demands from their stakeholders, ESG disclosure is officially no longer a ‘nice to have’. Under growing pressure from government regulators, investors, customers and employees; companies must look to understand the economic realities of ESG – and its impact on people, planet and prosperity.

Ready to maximize your organization’s impact?

Socialsuite has the right sustainability solution for you.