Our Terms & Conditions | Our Privacy Policy
Funding Advances Third-Party Verified Sustainability
Register for free to listen to this article
Thank you. Listen to this article using the player above.
Want to listen to this article for FREE?
Complete the form below to unlock access to ALL audio articles.
Launched last year as a commercial subsidiary of My Green Lab, Impact Laboratories is elevating the My Green Lab Certification program by embedding third-party verification into its framework.
“I come from the building industry, and nobody in the building industry would accept a manufacturer’s claim about their product that’s not verified, whether it has to do with performance, indoor air quality or sustainability,” said James Connelly, CEO of Impact Laboratories and My Green Lab. “For some reason, the life science industry has a lot of these first-party claims that have been acceptable.”
Creating a level playing field
Impact Laboratories is working to change this and make sustainability in the life sciences more transparent and accountable. Third-party verification plays an important role in leveling the playing field, explained Connelly. It gives manufacturers a clear benchmark to measure against peers and identify areas for improvement. For purchasers, it provides confidence in selecting products and services that align with sustainability goals.
“That’s how you get industry-wide transformation, where you’re creating a virtuous cycle where people are competing on a level playing field to be the best, otherwise, you just get a lot of confusion and, frankly, a lot of greenwashing,” he added.
A survey conducted by Frost & Sullivan for Agilent highlighted the need for verified sustainability standards. “Eighty percent of lab managers think that vendors need to support them in their sustainability journey, and 91% of those surveyed thought that independent third-party certifications of products are important,” Connelly noted of the findings.
Regulatory developments are likely to accelerate this trend. The EU’s forthcoming Green Claims Directive, expected to be enacted in 2026, will prohibit unverified environmental claims, pushing companies to adopt independently verified standards. “If the EU passes this rule, it’s going to drive the whole industry to align behind high-quality third-party environmental standards,” Connelly said, likening it to how the General Data Protection Regulation (GDPR) transformed data privacy regulations.
Advancing digital sustainability tools
To help accelerate the development of Impact Laboratories’ digital sustainability tools, the company recently raised $4.95 million in Series A funding from investors, including the Spokane Angel Alliance, the Tacoma Venture Fund (TVF), LabX Media Group and Greenhouse Capital Partners. A key priority is achieving System and Organization Controls 2 (SOC 2) certification, a compliance framework developed by the American Institute of Certified Public Accountants (AICPA) that ensures data security and prevents system vulnerabilities.
Another focus is enhancing the Impact Estimator tool, which enables labs to estimate and measure the financial savings and carbon reduction potential of the actions that they’re taking.
“We’re investing a lot in improving the data, making sure the data is regionalized and the tools are really user-friendly so that we can produce auditable reports that companies can either put as part of their corporate sustainability report or their external reporting,” Connelley explained.
Extending certification reach
In addition to tool development, the recent funding will support a market development strategy to expand My Green Lab Certification and enhance program delivery at scale, working to transform the life science industry.
While Impact Laboratories is primarily focusing on biotech hotspots such as Boston, San Diego, London and Switzerland, it is also working to expand its reach beyond traditional R&D regions. The rollout of a new clinical lab certification this year will see an increasingly global strategy, helping “to make green labs the norm, not the exception,” Connelly explained.
Ultimately, the partnerships and investment will help efforts “to achieve our long-term vision, which is a world where all science is conducted in a way that benefits the health and wellbeing of people and our planet,” said Connelly.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Comments are closed.