WuXi AppTec Earns 2024 EcoVadis Silver Medal for Sustainability
WuXi AppTec Achieves EcoVadis 2024 Silver Medal Recognition
WuXi AppTec, a global leader providing R&D and manufacturing services, has achieved significant recognition with its Couvet facility receiving the silver medal from EcoVadis in their 2024 business sustainability ratings. This commendation attests to WuXi AppTec's unwavering dedication to integrating Environmental, Social, and Governance (ESG) priorities into its corporate strategy.
Understanding EcoVadis Ratings and Their Importance
EcoVadis is a prominent provider of sustainability ratings, helping businesses enhance their social and environmental responsibilities across the globe. By evaluating corporate performance in critical areas such as Environment, Labor & Human Rights, Ethics, and Sustainable Procurement, EcoVadis helps to set benchmarks for improvement. WuXi AppTec's Couvet site earned a remarkable score, placing it among the top 9% of all rated companies, which reaffirms its commitment to responsible and sustainable business practices.
Features of the Couvet Facility
The Couvet site stands out as a state-of-the-art pharmaceutical manufacturing facility, central to WuXi AppTec's Comprehensive Drug Research and Development Model Organization (CRDMO). It plays a crucial role in providing clinical and commercial-scale manufacturing capabilities for oral solid dosage forms. Notably, the facility is constructed with cutting-edge energy efficiency and adheres to high environmental standards, paving the way for sustainable growth in the pharmaceutical industry.
Recognition Beyond EcoVadis
In addition to the EcoVadis silver medal, the Couvet site has maintained its certifications of ISO 14001 & ISO 45001, which validate its commitment to advanced environmental and safety management systems. These accolades are a testament to WuXi AppTec's efforts to improve sustainability within its operations.
WuXi AppTec's Global Sustainability Initiatives
As a proactive force in the pharmaceutical and life sciences sectors, WuXi AppTec integrates ESG considerations into its global operations. In 2024, it attained the top rank in the Global Life Sciences Tools & Services Industry within the S&P Global Corporate Sustainability Assessment, while also achieving an AA ESG rating from MSCI for the fourth consecutive year. The company's impressive performance has also seen it listed in the S&P Global Sustainability Yearbook and the FTSE4Good Index Series annually.
Collaboration for a Sustainable Future
WuXi AppTec's commitment to sustainability extends beyond its internal practices. The company joined the United Nations Global Compact (UNGC) to uphold ten essential sustainability principles and became part of the Science Based Targets initiative in 2023, aimed at reducing carbon emissions.
About WuXi AppTec
WuXi AppTec distinguishes itself as a global entity with operations in Asia, Europe, and North America. It offers a comprehensive portfolio of R&D and manufacturing solutions, designed to empower the worldwide pharmaceutical and life sciences industries to enhance their discoveries and deliver innovative treatments to patients. The company's integrated services encompass chemistry drug CRDMO, biology discovery, and advanced therapies CTDMO, enabling customer efficiency and innovation in advancing healthcare.
Frequently Asked Questions
What does the EcoVadis silver medal signify for WuXi AppTec?
The EcoVadis silver medal signifies WuXi AppTec's strong commitment to sustainability and ethical business practices, ranking in the top 9% of evaluated companies.
What are the main areas assessed by EcoVadis?
EcoVadis assesses companies based on Environment, Labor & Human Rights, Ethics, and Sustainable Procurement to measure sustainability performance.
What role does the Couvet site play within WuXi AppTec?
The Couvet site is critical for WuXi AppTec's pharmaceutical manufacturing, providing clinical and commercial-scale capabilities for oral solid dosage forms.
What other certifications has the Couvet facility achieved?
In addition to the EcoVadis recognition, the Couvet facility holds ISO 14001 & ISO 45001 certifications, demonstrating its commitment to environmental and health standards.
How does WuXi AppTec support global sustainability?
WuXi AppTec supports global sustainability by incorporating ESG priorities in its operations and joining initiatives like the UN Global Compact and Science Based Targets initiative.
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