WuXi Biologics Drives Sustainability with SBTi Approval

WuXi Biologics Achieves Milestone in Sustainability Commitment

WuXi Biologics, a well-known global Contract Research, Development, and Manufacturing Organization (CRDMO), has reached an impressive milestone by having its near-term and net-zero greenhouse gas (GHG) emissions reduction targets officially approved by the Science Based Targets initiative (SBTi). This notable achievement places WuXi Biologics among the industry frontrunners striving to combat climate change by implementing leading-edge sustainability practices.

Ambitious Goals for a Sustainable Future

The commitment to net-zero emissions across the value chain by 2050 is a monumental step for WuXi Biologics. It aligns the company with the most rigorous benchmark set by the SBTi, specifically the 1.5°C mitigation pathways, aiming to mitigate the impacts of global warming. This approach demonstrates the company’s intention to lead in sustainability efforts while delivering quality solutions for its clients.

Innovating for Tomorrow

As part of its sustainability strategy, WuXi Biologics has devised an integrated plan with measurable, actionable targets. Back in 2021, the company set a significant GHG emission intensity reduction target and followed this by implementing an operational net-zero goal in 2022. With new targets introduced in 2025, WuXi Biologics showcases its determination to align with the 1.5°C pathways that address the urgent climate crisis.

Engagement and Collaboration for Greater Impact

WuXi Biologics understands that its journey towards sustainability extends far beyond its internal operations. Actively collaborating with suppliers is a central component of their strategy, aimed at fostering a sustainable supply chain. This engagement is crucial for achieving a positive impact across the entire value chain, ensuring that sustainability benefits are felt throughout all levels of operations.

Leadership and Commitment

In a recent statement, Dr. Chris Chen, the CEO of WuXi Biologics, expressed enthusiasm about the approval of their sustainability targets by the SBTi. He highlighted how this recognition not only validates the company’s commitment to addressing climate change but also emphasizes WuXi Biologics' role in shaping a net-zero economy. By setting such ambitious targets, WuXi Biologics signals to the broader community that sustainable business practices are not just possible but essential.

WuXi Biologics’ Comprehensive Target Matrix

WuXi Biologics has crafted a detailed SBTi target matrix that not only outlines the overall net-zero objectives but also specifies near-term and long-term emissions reduction targets. The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050, reflecting its far-reaching vision.

Setting Near-Term and Long-Term Emission Goals

In terms of immediate goals, WuXi Biologics has committed to reducing absolute Scope 1 and 2 GHG emissions by 58.8% by the year 2034, using 2024 as the base year. Furthermore, it plans to cut Scope 3 GHG emissions associated with purchased goods and services by 63.8% per kilogram of product produced within the same period, demonstrating a proactive approach towards sustainability.

A Legacy of Recognition and Excellence

WuXi Biologics’ efforts in sustainability and ESG practices have not gone unnoticed. The company boasts a stellar reputation, having received an MSCI AAA Rating and accolades like the EcoVadis Platinum Medal. Additionally, it has been recognized in the Dow Jones Sustainability Indices and has achieved leadership-level scores from CDP for climate change efforts. This series of recognitions positions WuXi Biologics as a leader in the sustainable biotech landscape.

About WuXi Biologics

WuXi Biologics (stock code: 2269.HK) operates as a premier global CRDMO, delivering comprehensive solutions from discovery to manufacturing for biologics. As a company dedicated to innovation and operational excellence, WuXi Biologics employs over 12,000 expert staff worldwide, to ensure efficient and cost-effective biologics development. Their commitment to sustainability is intertwined with their core mission, driving green technological advancements in their services.

Frequently Asked Questions

What are WuXi Biologics' main sustainability targets?

WuXi Biologics aims for net-zero emissions by 2050 and intends to reduce Scope 1 and 2 GHG emissions by 58.8% by 2034.

Who approved WuXi Biologics' emission targets?

The Science Based Targets initiative (SBTi) approved WuXi Biologics' near-term and net-zero GHG emissions reduction targets.

What is the significance of the SBTi approval?

The SBTi approval acknowledges WuXi Biologics' commitment to sustainable practices and reflects its leadership in climate action.

How does WuXi Biologics engage with suppliers?

WuXi Biologics actively collaborates with suppliers to promote sustainable practices and positive impacts across the supply chain.

What awards has WuXi Biologics received for its sustainability efforts?

WuXi Biologics has received numerous recognitions, including an MSCI AAA Rating and an EcoVadis Platinum Medal for its ESG initiatives.

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