Driving Impact Through Responsibility: WuXi Biologics Releases 2024 Sustainability Report
Rhea-AI Summary
WuXi Biologics, a global Contract Research, Development, and Manufacturing Organization (CRDMO), has released its 2024 Sustainability Report highlighting significant environmental and social achievements. The company achieved a 30% reduction in greenhouse gas emissions intensity since 2020 and a 28% reduction in water consumption intensity since 2019.
Key highlights include:
- 54% of STEM positions held by female employees
- Nearly 10,000 employee volunteer hours in local communities
- Support for 21 integrated rare disease projects
- 90% of Kaizen projects achieved ESG benefits
- Green CRDMO solutions achieving up to 80% reduction in product carbon footprint
The company received multiple sustainability recognitions, including an MSCI AAA Rating, EcoVadis Platinum Medal, and inclusion in the Dow Jones Sustainability Indices. Through its CRDMO+ strategy focusing on Client+, Global+, Innovation+, and Agility+, WuXi Biologics continues to align with UN Sustainable Development Goals while delivering value to stakeholders.
Positive
- Achieved 30% reduction in GHG emissions intensity from 2020 baseline, demonstrating operational efficiency
- Received top-tier ESG ratings: MSCI AAA Rating, EcoVadis Platinum Medal, and inclusion in Dow Jones Sustainability Indices
- Supporting 21 integrated rare disease projects, expanding market presence in specialty therapeutics
- Successfully implementing 'Follow and Win the Molecule' strategy with proprietary technology platforms
- 90% of Kaizen projects achieved ESG benefits, indicating strong operational optimization
- Diverse global workforce with employees from 53 nationalities, supporting international market expansion
Negative
- None.
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On the day this news was published, WXXWY gained 1.23%, reflecting a mild positive market reaction.
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- Contributing to United Nations Sustainable Development Goals
- Enhancing transparency and effectiveness for corporate governance
- Empowering employees and delivering positive impact to communities
- Accelerating actions for tackling climate change and promoting environmental stewardship
- Providing Green CRDMO solutions to empower global clients on their sustainability journeys
Unleashing the power of its unique CRDMO business model, technology strength and operational excellence, WuXi Biologics has successfully continued to execute its "Follow and Win the Molecule" strategies, while maintaining vigorous momentum and making notable sustainability achievements in 2024.
Dr. Chris Chen, CEO of WuXi Biologics and Chairman of its ESG Committee, commented, "At WuXi Biologics, we believe that long-term business success is inseparable from our responsibility to people, society and the planet. With sustainability as the enduring cornerstone of business growth, we keep empowering our global clients with advanced end-to-end Green CRDMO solutions, and driving environmental transformation of the biopharmaceutical industry."
Enhancing Governance Transparency and Effectiveness
Guided by a comprehensive sustainability strategy, the company has established strong corporate governance mechanisms and processes. It sets goals according to a science-based and measurable ESG target matrix — aligned with the United Nations Sustainable Development Goals (UN SDGs) — and subsequently develops refined roadmaps, and tracks progress for continuous improvement.
WuXi Biologics is fully committed to maintaining transparent dialogues and building strong connections with all stakeholders. As an active participant of the Pharmaceutical Supply Chain Initiative (PSCI), it firmly upholds PSCI principles in the areas of Ethics, Human Rights and Labor, Health and Safety, Environment, and Management Systems, actively engaging and collaborating with global suppliers to drive best practices and generate positive impacts.
Empowering People and Communities
The company takes great pride in all the accomplishments made by its employees, who are highly dedicated and experienced professionals, representing 53 nationalities with diverse backgrounds. It actively supports the career development of women in the areas of Science, Technology, Engineering and Mathematics (STEM), with
WuXi Biologics prioritizes community engagement as a catalyst for measurable social value. In 2024, nearly 10,000 employee volunteer hours were logged in local communities around the world. Leveraging company's core competencies to drive the breakthrough treatments that improve patients' outcomes is one of its three pillars of corporate social responsibilities. An important part of that lies in the collaboration with global clients to bring novel treatments to patients with rare diseases. As of 2024, WuXi Biologics is actively supporting 21 integrated rare disease projects.
Accelerating actions for tackling climate change and promoting environmental stewardship
Ensuring the planet's resilience begins with the choices that are made today. WuXi Biologics recognizes that protecting the planet is not just a responsibility but a necessity for future generations. The company has long been dedicated to the perpetuation of good environmental stewardship regarding climate change, resource efficiency, circularity, ecosystem protection, and green innovation. In 2024, the company achieved a
As part of its drive to advance an eco-friendly transition for the biopharmaceutical industry, WuXi Biologics has actively integrated green concepts into multiple innovative and proprietary technology platforms — including WuXiBody™, WuXiUP™, WuXiUI™, and WuXiDARx™ — and employs environmentally friendly single-use technology (SUT), providing global clients with end-to-end green solutions for biologics research, development and manufacturing. The Green CRDMO solution — with an up to
To drive continuous improvement for operational excellence, the WuXi Biologics Business System (WBS) utilizes a Lean Management philosophy and integrates it with ESG initiatives. Over
Global Impact, Shared Future
WuXi Biologics' steadfastness in promoting sustainable development has earned widespread recognition. The company was granted an MSCI AAA Rating, awarded an EcoVadis Platinum Medal, listed in the Dow Jones Sustainability Indices (DJSI), named to CDP Water Security "A list" and awarded A- CDP Climate Change leadership-level score for two consecutive years; named as a Sustainalytics industry and regional ESG top-rated company for five consecutive years; selected as a Constituent of the FTSE4Good Index Series, listed in the Hang Seng ESG 50 Index, and rated as Prime by ISS ESG Corporate Rating.
Dr. Chris Chen commented, "Looking ahead to 2025 and beyond, we will continue to have sustainability serve as the cornerstone of our innovation, operations, and growth. By implementation of our new CRDMO+ strategy—with key pillars of Client+, Global+, Innovation+, and Agility+ — WuXi Biologics will contribute to accelerating the advancement of the United Nations Sustainable Development Goals and enable global clients to bring life-changing treatments to patients worldwide, delivering value and shared success to all of our stakeholders for a healthier future."
Download 2024 Sustainability Report
https://www.wuxibiologics.com/sustainability/
About WuXi Biologics
WuXi Biologics (stock code: 2269.HK) is a leading global Contract Research, Development and Manufacturing Organization (CRDMO) offering end-to-end solutions that enable partners to discover, develop and manufacture biologics – from concept to commercialization – for the benefit of patients worldwide.
With over 12,000 skilled employees in
WuXi Biologics regards sustainability as the cornerstone of long-term business growth. The company continuously drives green technology innovations to offer advanced end-to-end Green CRDMO solutions for its global partners while consistently achieving excellence in Environment, Social and Governance (ESG). Committed to creating shared value, it collaborates with all stakeholders to foster positive social and environmental impacts and promote responsible practices that empower the entire value chain.
For more information about WuXi Biologics, please visit: www.wuxibiologics.com.
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SOURCE WuXi Biologics