Twist Bioscience Unveils Innovative Carbon Footprint Findings

Twist Bioscience Highlights Sustainable Practices in 2024 Report

Twist Bioscience Corporation (NASDAQ: TWST), a leader in the synthetic DNA production industry, recently released its 2024 corporate responsibility report. This report provides an insightful look into the company’s dedication to sustainability, social responsibility, and ethical practices. With a focus on creating a sustainable future, Twist aims to support its customers, communities, and the planet more effectively.

The Commitment to Sustainability

Measuring Carbon Footprint Effectively

As part of its commitment to sustainability, Twist has made significant strides in quantifying the carbon footprint associated with its oligo manufacturing process. The company compared the emissions from its target enrichment panels with traditional methods that use a 96-well plate system. Notably, they discovered that for a full year’s production, their oligo manufacturing process produced carbon emissions equivalent to just 2.4 tanker trucks of gasoline, a stark contrast to the over 6,000 tanker trucks worth of emissions from conventional practices.

Innovative Silicon-Based Platform

Twist’s unique approach utilizes a silicon-based platform for synthesizing DNA. This innovative method reduces the amount of reagents needed by an astounding 99.8% compared to the typical 96-well plate techniques. When manufacturing a single gene, the emissions from Twist’s process are approximately 36 grams of CO₂ equivalent, while traditional methods may emit as much as 23 kilograms. These findings underscore the company's overall commitment to reducing its environmental impact.

Enhanced Transparency and Accountability

Scope of Emissions

For the first time, Twist provided detailed disclosures regarding its Scope 1 and Scope 2 emissions, totaling 6.27 metric tons and 14,315 metric tons of CO₂ equivalent, respectively. By releasing this data, Twist demonstrates a commitment to transparency and a proactive stance on environmental responsibility.

Ethical Practices and Governance

The company collaborates closely with governmental bodies and other DNA synthesis enterprises to promote robust biosecurity best practices. This ensures that Twist supports safe, responsible research and helps prevent potentially hazardous DNA sequences from being produced or distributed irresponsibly. Furthermore, Twist emphasizes the protection of its customer and employee data through advanced security measures, including an ISO-certified information security management system.

Diversity and Workforce Development

Creating an Inclusive Work Environment

Twist is also dedicated to fostering diversity within its workforce. As of the end of fiscal 2023, 56% of employees in the U.S. identified as individuals of color, with women of color making up 24% of the workforce. Women hold prominent positions within the company, representing 42% of the executive team. This initiative highlights the company’s commitment to equality and inclusivity.

Investing in Employee Growth

Twist supports the professional development of its employees through various programs. These include a year-long leadership training initiative aimed at mid-level managers and a tuition reimbursement program that allocates up to $5,250 annually for educational purposes. The investment in employee training and growth reflects the company’s recognition of the importance of skilled personnel in driving innovation.

In fiscal 2023, Twist employees actively engaged in community service, logging over 1,143 volunteer hours. This was facilitated through a Volunteer Time Off program, promoting philanthropic engagement by granting employees 8 hours of paid time off dedicated to volunteer efforts.

Get Involved with Twist Bioscience

To discover the complete details of the sustainability report and learn more about Twist Bioscience's initiatives, interested parties are encouraged to seek out the information directly through the company’s official communication channels. Following the company's presence on social media platforms such as LinkedIn, X, YouTube, and Instagram can keep stakeholders informed about ongoing developments and community engagement initiatives.

Frequently Asked Questions

What initiatives does Twist Bioscience focus on?

Twist Bioscience focuses on sustainability, ethical governance, and diversity within its workforce while committing to high standards in DNA synthesis technology.

What sets Twist’s technology apart?

Twist utilizes a silicon-based platform for DNA synthesis, which significantly reduces chemical usage and lowers carbon emissions compared to conventional methods.

How does Twist contribute to employee development?

The company offers leadership training programs and tuition reimbursement to encourage professional growth and skill enhancement among its employees.

What are the environmental impacts of Twist's manufacturing process?

Twist’s oligo manufacturing process emits far less CO₂ compared to traditional methods, significantly lowering its overall carbon footprint.

How is Twist involved in community service?

Twist promotes community service through its Volunteer Time Off program, allowing employees to dedicate time to philanthropic activities while compensated.

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