Biotech Startup Noul Releases 2021 Sustainability Report

• Disclose achievement and improvement on economic, social, and environmental commitments
• Contain corporate will to take sustainability as its management philosophy since its foundation
• Write based on the GRI standards and self-disclose to the DART electronic disclosure system

YONGIN, South Korea, July 8, 2022 /PRNewswire/ -- Noul Co., Ltd., (376930.KR), a KOSDAQ-listed biotech startup, has released its 2021 Sustainability Report, including corporate sustainability performances. Through the report, Noul reviews its economic, social, and environmental business activities, identifies the value and impact, and reports to the stakeholders every year. The report is the second publication after 2020.

Noul is a biotech startup that develops and manufactures next-generation diagnostic platforms. Its representative product, miLab™ Diagnostic Platform, is a diagnostic solution that provides on-site diagnosis. From sample preparation to imaging and AI analysis, miLab™ performs the microscopic diagnosis procedures which are known as the gold standard in blood diagnostics into a fully automated benchtop platform. Combined with embedded AI and patented NGSI cartridges, miLab™ provides an accurate analysis in 15 minutes using just 5μl of blood.

The 2021 Noul Sustainability Report was prepared in accordance with the GRI standards. Considering Noul's rapid product development and organizational growth, the report spent a lot of pages on introducing the company and its products. The report consisted of 1) introduction of the company and product, 2) sustainability implementation system and governance for sustainability, and 3) key achievements. It also comprehensively summarized both financial and non-financial performances to communicate transparently with stakeholders who participate in the company's growth. 

Noul self-disclosed the report to the DART electronic disclosure system on July 8th for communicating with stakeholders including investors about the corporate sustainability progress and improvement.

David Lim, a CEO of Noul, said, "As specified in our Articles of Incorporation, our sustainability philosophy forms the foundation of our organizational management. Our overarching mid/long-term approach is to build sustainability across our entire business and organizational operation at the management system level, making steady and needed improvements each year. We transparently report our sustainability performances annually to stakeholders, including members, investors, customers, and partners who have participated in Noul's mission from our early startup days. Noul will continue to focus on internalizing sustainability, which is the basis for solid growth and outstanding performance."

The 2021 Noul Sustainability Report can be downloaded from the Noul website.

#ESG #ESG Report #Environmental Social Governance #Sustainability #Sustainability Report #Noul #miLab

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