Environmental, Social and Governance

Our purpose is to build a sustainable future, powered by enzymes by transforming industrial chemical processes using cell-free biomanufacturing. FabricNano’s goal is to put a meaningful dent in global greenhouse gas emissions and the petrochemical industry’s market capitalization. Founded in late 2018, our team of 30 scientists and engineers are empowering users with the world’s most advanced, flexible and easily-scalable biocatalyst platform.

We are able to tackle a wide range of chemicals with our highly generalizable, drop-in technology. Our catalysts reduce the cost of biomanufacturing through the introduction of a number of technical innovations that vastly improve the efficiency of the cell-free biomanufacturing process.

What that all means is, while below is our own internal ESG policy, it’s also true that we can help you achieve your business’ 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. 

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 for our work 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.

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 work are underpinned by our team, and our team is our strongest asset. We strive to align our human capital goals with our overall business strategy, company purpose and 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 2024.

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 burn off 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.