GenScript Achieves High ESG Rating from MSCI
GenScript Biotech Corporation, a prominent player in the biotech industry, has recently received an AA ESG (Environmental, Social, and Governance) rating from MSCI, one of the world's largest index providers [1]. This notable achievement signifies GenScript as a global ESG leader in the biotech industry.
The AA rating is a testament to GenScript's strong commitment to sustainability in the biotech industry. This commitment is further underscored by the company's inclusion in the FTSE4Good Index Series, which highlights companies demonstrating strong ESG practices [1].
GenScript's ESG initiatives are extensive and far-reaching. The company is a participant of the United Nations Global Compact (UNGC), adhering to its ten principles covering human rights, labor, environment, and anti-corruption [1]. GenScript is also a supplier partner of the Pharmaceutical Supply Chain Initiative (PSCI), promoting sustainability across pharmaceutical supply chains [1][2].
GenScript's carbon reduction targets have been validated by the Science Based Targets initiative (SBTi), demonstrating the company's firm commitments to combating climate change [1][2]. The company has implemented a recyclable packaging strategy that has reduced waste by 82%, contributing significantly to environmental sustainability [3].
Sherry Shao, Rotating CEO of GenScript Biotech, stated that the ESG performance enhances operational resilience and creates long-term value. She further emphasised GenScript's strong commitment to responsible business practices and sustainable development within biotechnology and healthcare [2].
GenScript's excellence in product safety & quality, human capital development, environmental practices, and governance was recognised with an upgrade, placing it among the top companies in the world for sustainability performance. The company received a Silver Medal from EcoVadis this year, placing it in the top 15% of companies worldwide [1][2][4].
Learn more about GenScript at https://www.genscript.com.
References: 1. GenScript Press Release, [Link to Press Release] 2. GenScript Sustainability Report, [Link to Sustainability Report] 3. GenScript Carbon Reduction Report, [Link to Carbon Reduction Report] 4. EcoVadis Silver Medal Announcement, [Link to EcoVadis Silver Medal Announcement]
The AA ESG rating is a testament to GenScript's strong commitment to technology, as they demonstrate advanced practices in areas such as sustainability and responsible business. GenScript's innovative ESG initiatives, including their carbon reduction targets, recyclable packaging strategy, and participation in the United Nations Global Compact, position them as a leader in using technology for environmental and social impact.
