Tigermed Achieves MSCI ESG AAA Rating
Tigermed is thrilled to share that it has been awarded an astounding MSCI Environmental, Social, and Governance (ESG) Rating of AAA, the pinnacle rating within the industry. This commendation reflects our steadfast dedication to excellence in ESG practices and establishes us as a front-runner in sustainable business performance.
What Does the MSCI AAA Rating Signify?
The MSCI AAA rating is not granted lightly; it is exclusively given to companies that exhibit outstanding ESG performance while simultaneously demonstrating resilience against long-term risks. This accolade showcases Tigermed's unwavering commitment to embedding ESG principles intertwined with our core operations and strategic decision-making processes.
Environmental Initiatives at Tigermed
Tigermed has enthusiastically embraced science-based targets aimed at reducing greenhouse gas emissions. These targets have been duly validated by the Science Based Targets initiative (SBTi), reaffirming our environmental stewardship. We have not only implemented a comprehensive environmental management system but also enhanced our monitoring of emissions and resource utilization. In addition, we have transitioned to digital platforms and introduced green office initiatives to bolster our commitment to environmental sustainability.
Social Commitment and Employee Development
Throughout our journey, Tigermed has championed digital transformation, leveraging AI technologies to boost clinical trial efficiency significantly. In current endeavors, Tigermed has dedicated a substantial amount of 39.997 million yuan towards employee training, equating to an impressive average of 99.48 hours of training per employee. Our commitment to gender equality and workforce diversity is resolute, as is our dedication to employee well-being. Via the Hangzhou Tigermed Foundation, we actively engage in various public welfare projects, ranging from medical assistance to educational support, thereby playing a vital role in poverty alleviation and rural revitalization through innovative consumption-based strategies.
Corporate Governance Framework
Tigermed has fortified its ESG governance and compliance framework, ensuring that the board of directors supervises all ESG-related matters. The Compliance and ESG Committee is chaired by our General Manager and managed by the Chief Compliance Officer. Astoundingly, ESG performance has been woven into the General Manager’s compensation structure, ensuring accountability at the highest level. Additionally, 100% of our employees engage in business ethics training, while our new suppliers are obligated to sign the Supplier Code of Conduct during onboarding, alongside regular assessments that guarantee compliance.
Ongoing ESG Improvements and Future Commitment
Since earning its inaugural MSCI ESG rating in 2020, Tigermed has continually elevated its performance, progressing from a baseline rating to AA in 2023 and now achieving AAA. This remarkable journey illustrates our ongoing commitment to investing in talent development, safety management, quality assurance, carbon reduction, and ethical business practices.
This latest AAA rating symbolizes a pivotal milestone in our ESG trajectory. Moving forward, we remain committed to refining our governance framework, enhancing our management systems, and propelling sustainable growth. As an entity devoted to 'Serving Innovation, Building Health Together,' our ultimate goal is to deliver enduring value to all stakeholders while contributing profoundly to global health and well-being.
About Tigermed
Tigermed (Stock code: 300347.SZ/3347.HK) stands as a leading global provider of integrated research and development solutions tailored for the biopharmaceutical and medical device industries. With a diverse portfolio of services that adheres to high-quality standards, Tigermed excels from preclinical development through clinical trials to commercialization. We proudly collaborate with over 3,600 customers, dedicating ourselves to facilitating efficient and cost-effective pathways for their development journeys. Currently, Tigermed operates a vast global network, spanning more than 180 locations and employing over 10,000 individuals across regions including Asia Pacific, Europe, North America, Latin America, and Africa. Our commitment extends to constructing an integrated platform that unlocks endless possibilities for the healthcare sector, embracing challenges to meet unmet patient needs, with the ultimate goal of saving lives.
Frequently Asked Questions
What does it mean for Tigermed to receive an MSCI ESG AAA rating?
It signifies that Tigermed demonstrates superior performance in environmental, social, and governance matters, positioning it as a leader in sustainable practices.
How does Tigermed contribute to environmental sustainability?
Tigermed actively reduces greenhouse gas emissions, implements green initiatives, and adheres to validated science-based targets to combat climate change.
Can you explain the employee training initiatives at Tigermed?
In 2024, Tigermed invested 39.997 million yuan in employee training, averaging nearly 100 hours of training per team member.
How does Tigermed promote diversity and inclusion?
Tigermed is committed to gender equality, workforce diversity, and the overall well-being of its employees while supporting various public welfare initiatives.
What are Tigermed's future plans regarding ESG practices?
Tigermed aims to refine its governance framework, enhance management systems, and continue fostering sustainable growth in its operations.
