Karo Pharma is entering into a partnership with sustaintech company SustainLab

Wants to further accelerate its sustainability focus

The healthcare company, Karo Pharma, is initiating a collaboration with SustainLab, a SaaS sustaintech company that automates the collection, analysis, and visualization of sustainability data. Karo Pharma will use SustainLab's platform to continuously follow up on its strengthened sustainability strategy and steer its sustainability agenda for maximum impact. The collaboration is an important step in Karo Pharma's ambition of becoming a pan-European leader in everyday healthcare and thereby accelerating awareness of sustainability.

Karo Pharma’s decision to digitize its sustainability work with the help of SustainLab is in line with the company's overall strategy of creating scalability and streamlining project management. There are clear benefits such as improved transparency in all sustainability initiatives, faster decision-making processes, and accelerated sustainability work. SustainLab's platform will enable Karo Pharma to have a comprehensive follow-up and control over all its sustainability initiatives and to be able to continuously measure its impact.

- Our contribution to solving the global climate challenge and creating a sustainable society are fundamental elements of our strategy. Being able to clearly and efficiently measure and follow the development of our sustainability projects is of great importance to us - not least to increase transparency and facilitate more frequent communication both internally and externally, says Christoffer Lorenzen, CEO of Karo Pharma.

- We are excited that Karo Pharma chooses SustainLab to accelerate its sustainability work. Karo Pharma's products affect many people's everyday health, and we look forward to supporting Karo Pharma in also giving many people opportunities for sustainable choices. We know that companies are crucial to be able to transition to a more sustainable society. We also see that companies are increasingly requesting ways to understand their sustainability impact better, in order to be a driving force for change. Frankly, there should be no room for unsustainable companies even today, and certainly not in the future, says Maria Svantemark, CEO of SustainLab.

For further information, please contact:

Maria Svantemark
CEO and co-founder at SustainLab
maria@sustainlab.co
+46 701 459 237

Christoffer Lorenzen
CEO at Karo Pharma
christoffer.lorenzen@karopharma.com
+46 735 017 620

About Karo Pharma

Karo Pharma delivers smart choices for everyday healthcare. We own and commercialize branded, original over-the-counter products and prescription medicines. Our products are available in more than 60 countries, with Europe and the Nordic region as our core markets. Karo Pharma is headquartered in Stockholm, Sweden and listed on Nasdaq Stockholm Mid Cap.

About SustainLab

SustainLab is a SaaS Sustainability Management platform that helps companies collect, analyze and visualize sustainability data automatically and at the same time guide in effective sustainability work. The vision is to accelerate companies' sustainability work by enabling insight into sustainability data as often as other business-critical data.

Download the press release here.