Tigermed Achieves AAA ESG Rating, Leading Sustainable Practices
Tigermed Achieves Esteemed MSCI ESG AAA Rating
Tigermed is excited to share that it has received an MSCI Environmental, Social, and Governance (ESG) Rating of AAA, the highest classification achievable in the sector. This remarkable achievement highlights the company's unwavering dedication to ESG standards, reinforcing its position as a pioneer in sustainable business practices.
Understanding the MSCI ESG Rating
The MSCI ESG AAA rating is designated for companies that showcase outstanding ESG performance and are well-prepared to face long-term risks. This recognition signifies Tigermed’s persistent focus on incorporating ESG principles into its organizational operations and strategic decision-making processes.
Commitment to Environmental Sustainability
Tigermed emphasizes its corporate responsibility by establishing science-based targets aimed at diminishing greenhouse gas emissions, which have received validation from the Science Based Targets initiative (SBTi). Their advanced environmental management system includes enhanced emission monitoring, efficient resource utilization, and sustainable office practices. These initiatives underscore the firm’s commitment to a healthier planet.
Social Contributions and Community Engagement
Tigermed has made significant strides in digital transformation, utilizing advanced AI technologies to boost the efficiency of clinical trials. In a recent investment, the company allocated nearly 40 million yuan for employee training, averaging 99.48 hours per employee annually. The organization promotes gender equality and workforce diversity while actively caring for the well-being of its staff. Through the Tigermed Foundation, the company partakes in various initiatives, such as providing medical assistance, supporting education, engaging in poverty alleviation efforts, and contributing to rural revitalization through targeted consumption-based strategies.
Strengthening Corporate Governance
The company has fortified its ESG governance and compliance framework to enhance accountability and oversight. The board of directors now actively oversees ESG matters, with the Compliance and ESG Committee directed by the General Manager, ensuring comprehensive management of all related functions. ESG performance is integral to the General Manager's remuneration structure, while all employees undergo rigorous business ethics training. New suppliers are required to adhere to the Supplier Code of Conduct, with ongoing evaluations to ensure compliance.
Milestones in ESG Performance
Since receiving its inaugural MSCI ESG rating in 2020, Tigermed has continuously advanced its performance trajectory, transitioning from an initial baseline score to an AA rating in 2023, and now proudly achieving the AAA ranking. This progress exemplifies the company’s ongoing investments in talent development, safety measures, quality management, carbon reduction initiatives, and fostering ethical business practices.
The attainment of this AAA rating marks a significant milestone on Tigermed's ESG journey. The company remains committed to reinforcing its governance framework, refining operational systems, and fostering sustainable growth. Guided by the philosophy of "Serving Innovation, Building Health Together," Tigermed aims to generate long-lasting value for stakeholders and contribute positively to global health and well-being.
About Tigermed
Tigermed is a preeminent international provider of integrated research and development solutions tailored for the biopharmaceutical and medical device sectors. Offering a comprehensive suite of services from preclinical development to clinical trials and commercial launch, the company collaborates with numerous clients, totaling over 3,600, to streamline their development processes efficiently and cost-effectively. Tigermed operates through an expansive network comprising over 180 locations and a workforce exceeding 10,000 employees across various regions, including Asia Pacific, Europe, North America, Latin America, and Africa. The company is dedicated to building a cohesive platform that fosters groundbreaking possibilities within the healthcare industry, adeptly addressing the challenges of unmet patient needs, ultimately saving lives.
Frequently Asked Questions
What is the significance of the MSCI ESG AAA rating for Tigermed?
The MSCI ESG AAA rating signifies Tigermed's exemplary performance in environmental, social, and governance practices, placing it among the leaders in sustainability.
How does Tigermed integrate ESG principles into its operations?
Tigermed incorporates ESG principles by establishing measurable targets, enhancing their corporate governance structure, and promoting sustainability across all levels of the organization.
What initiatives has Tigermed undertaken to promote environmental sustainability?
The company has set science-based emission reduction targets, implemented environmental management systems, and adopted green practices in their offices.
How does Tigermed support its employees?
Tigermed invests in its workforce through extensive training programs, ensures gender equality, and promotes a diverse and supportive work environment.
What are the future goals of Tigermed regarding ESG practices?
Tigermed aims to strengthen its ESG governance framework further, enhance management systems, and persist in driving sustainable growth to benefit stakeholders and the global community.
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