Learn more about our technology
Environmental, Social, and Governance Statement
Our goal is to replace all fermented and petrochemical products in the world with biomanufactured alternatives. Founded in 2018, we are powering the bioindustrial revolution by enabling manufacturers to produce chemicals using the fundamental building blocks of life.
What that means is that, while below is our own internal ESG policy, we can also help your business to achieve your own ESG policy. The petrochemical industry is responsible for nearly 20% of industrial GHGs – that translates to 1.5 gigatonnes. Partner with us to drive that number down and save our planet and your bottom line.
The following are key material ESG issues that we will continue to monitor and update as we grow.
Our team has created a novel drop-in solution to produce biochemicals in existing reactors using enzyme immobilization technology. By divorcing the twin problems of protein engineering and immobilization, and then reuniting them, we are then able to manufacture a wide range of chemicals with our highly generalizable enzyme immobilisation technology. Our FabricFlow reactor technology has reduced the cost of biomanufacturing through the introduction of a number of technical innovations that vastly improve the efficiency of the cell-free biomanufacturing process.
At FabricNano, we believe that (1) establishing a fair, sustainable, and resilient business culture is based on a foundation of strong governance and (2) ensuring the implementation of guidelines and standards that foster integrity in our work is critical to our current and future success. We support this work through integrating robust governance procedures and systems and ensure we always apply the highest levels of personal and professional integrity. We believe that having strong internal controls and adopting the most stringent level of ethical standards is vital to producing positive impact through our work. FabricNano is a proud member of the United Nations Global Compact.
The primary mission of our products is to launch the next industrial revolution; our mission as a business is to build a company where everyone belongs. As a team, we are aware of the discrimination and systemic barriers that have held back untold numbers of qualified scientists and engineers. Altogether, this has profound effects on the economy and the advancement of science. We believe that diversity and inclusion are business imperatives and are committed to advancing the diversity of our business at every level (from frontline to board room) to support better decision making, more effective teamwork, and drive better outcomes. More on our diversity and inclusion priorities at FabricNano can be found in our Diversity and Inclusion Policy.
Diversity and Inclusion
While the term ‘human capital’ is typical for ESG statements, we want to make clear that when we say it, we mean simply that all three pillars of our ESG policy and our work are underpinned by our team. In turn, our team is our strongest asset. We strive to align our human capital goals with our (1) overall business strategy, (2) company purpose and (3) culture by incorporating ESG principles in all three. As we grow, we intend to develop a robust framework for measuring and accounting for human capital to enable us to understand and monitor the perspectives of all stakeholders and engage them in decision making; this has not yet been developed at this time.
At FabricNano, we believe that climate change is an existential risk that will profoundly affect the global economy and society at large – in fact, it has already started. We intend for our biomanufacturing solutions to have a transformative impact on climate change measured via a decrease in greenhouse gas emissions. By playing our part to decarbonise the chemicals industry, we aim for our products to meaningfully aide the fight against climate change.
We resolve to report on Scope 1, 2 and 3 (which is to say, direct and indirect) emissions starting in 2023.
We believe that companies should begin to develop water management strategies that promote sustainable consumption of water, a reduction in water pollution, and improved water availability. This is a chief benefit of many cell-free processes, higher in purity and with less water to boil or separate from the end product. Where relevant to the particular chemical cascade, we aim for our product solutions to help reduce water consumption and improve wastewater quality. We also intend to work together with our suppliers and customers to address water challenges wherever possible.