GenScript Biotech Achieves Recognition for Sustainability Efforts
GenScript Biotech Corporation (HK.1548), a prominent global provider specializing in life science research and manufacturing services, has proudly secured a Silver Medal from EcoVadis, a notable entity in the sustainability assessment arena. This impressive accolade showcases GenScript's commitment and significant advancements in various essential areas such as environment, labor rights, ethics, and sustainable practices. This recognition solidifies GenScript's position among the top 15% of all companies evaluated by EcoVadis around the world.
Outstanding Performance in Sustainability
In its recent evaluation, GenScript has outperformed 85% of the companies assessed globally. Particularly noteworthy is its exceptional standing in the manufacturing sector of basic pharmaceutical products, where it ranks in the top 10%. EcoVadis employs a robust assessment framework that adheres to international standards, including the United Nations Global Compact (UNGC), the Global Reporting Initiative (GRI), and ISO 26000. This methodology positions EcoVadis as the leading authority on corporate sustainability performance.
Commitment to Environmental Stewardship
Receiving the EcoVadis Silver Medal is a landmark achievement for GenScript on its sustainability journey. This recognition reflects the company's unwavering dedication to environmental stewardship, social responsibility, and ethical operations. GenScript has embedded sustainability into the heart of its business processes, enhancing operational efficiency while assisting clients in achieving their sustainability objectives. Sherry Shao, the Rotating CEO of GenScript Biotech, expressed pride in the progress made, emphasizing the importance of creating a sustainable supply chain that supports all parties involved.
Partnerships and Accolades
GenScript's sustainability initiatives have not gone unnoticed in the global arena. The company is a proud member of the United Nations Global Compact, adhering to its principles concerning human rights, labor practices, environmental protection, and anti-corruption measures. Additionally, GenScript collaborates with the Pharmaceutical Supply Chain Initiative (PSCI) to advance sustainability practices within the pharmaceutical industry. The company has secured an 'A' rating from MSCI ESG Ratings as well as a 'Low Risk' designation from Morningstar Sustainalytics. Its inclusion in the FTSE4Good Index Series reflects GenScript's robust sustainability approach.
Forward-Looking Commitment
As GenScript looks toward the future, it remains steadfast in its mission of "Making People and Nature Healthier through Biotechnology." The organization is committed to further embedding sustainability within its global strategy. Through innovative technologies and international collaborations, GenScript aims to drive the life sciences sector towards a more sustainable and responsible future, positively impacting global health and development.
About GenScript Biotech Corporation
Established in 2002, GenScript Biotech Corporation has played a crucial role in accelerating biotech and healthcare innovations. The company provides the essential building blocks researchers and organizations require to develop innovative treatments and products. Driven by a mission to promote health for people and the planet, GenScript is recognized as a global leader in its field, employing over 5,500 individuals and serving a diverse clientele spanning over 100 countries and regions.
Frequently Asked Questions
What does the EcoVadis Silver Medal signify for GenScript?
The EcoVadis Silver Medal reflects GenScript's strong performance and commitment to sustainability across several key areas including environment and labor rights.
How does GenScript support sustainability in its operations?
GenScript integrates sustainability into its operations by enhancing efficiency and fostering a sustainable supply chain, ensuring responsible practices across all stakeholders.
What initiatives has GenScript participated in related to sustainability?
GenScript is a member of the United Nations Global Compact and collaborates with the Pharmaceutical Supply Chain Initiative to promote sustainable practices.
How does EcoVadis assess corporate sustainability?
EcoVadis evaluates companies based on their performance in categories such as environment, labor rights, ethics, and sustainable supply chain management, using criteria aligned with global standards.
What is GenScript's mission going forward?
GenScript is dedicated to making health improvement a priority through biotechnology while ensuring sustainability is a fundamental part of its global strategy.
