07/03/2022 - Thermo Fisher Scientific Inc.: CSR Report

$1.2B

300+

research and development

customer projects supported

(R&D) spend

for COVID-19 vaccine and

therapy development

40%

40%

of global leadership

of global colleagues

hires are women

are women

2,900

$30M

nonprofi t organizations

invested in Thermo Fisher Scientifi c

supported

Fund: The Foundation for Science

>95%

32

cold storage refrigerants

sites working toward zero waste

converted to natural alternatives

(100% diversion from landfill)

35%

$32.2B

15%

$32.2B

Complementary segments

$24.4B

$25.5B

Analytical instruments

$20.9B

Revenue

Specialty diagnostics

$18.3B

Life sciences solutions

Laboratory products

2016

2017

2018

2019

2020

35%

and services

Revenue in billions

Integrity

Intensity

Innovation

Integrity:

Intensity:

Innovation:

Involvement:

Honor commitments,

Be determined to deliver results

Create value by transforming

Make connections to work as

communicate openly and

with speed, excellence and a

knowledge and ideas into

one global team, embracing

demonstrate the highest

passion to succeed

differentiated products and

unique perspectives and treating

ethical standards

services for our customers

others with dignity and respect

Corporate Social Responsibility is deeply imbedded in our

two functions coordinate the strategy, processes and reporting

company strategy. We employ a CSR business process

for environmental, social and governance topics, directing

that is iterative and powered by our culture of continuous

Thermo Fisher's commitment to sustainability throughout

improvement. This approach enables ongoing development and

the Company. This includes collaborating across business

refinement of our strategy and priorities as we continue on our

units and functional teams to integrate corporate social

sustainability journey.

responsibility principles into daily operations and practices, as

Our CSR team propels the enterprise-wide corporate citizenship

well as communicating with external stakeholders to bring those

perspectives into our strategic planning and decision-making.

Operations

Colleagues

Communities

Environment

Leveraging our capabilities to

Providing resources and

Making a difference worldwide

Innovating to serve our

support our customers, while

embracing unique perspectives

with an emphasis on promoting

customers while actively

conducting our business and

to reach our full potential as

STEM education

minimizing our own global

relationships with integrity

one global team

footprint

framework and sits within the Strategy and Corporate

Development group, led by a member of the Company

Board-level governance for our sustainability efforts is held within

leadership team. Together with the Corporate Secretary, these

our Nominating and Corporate Governance Committee.

Board of Directors

The Nominating and Corporate

Governance Committee oversees the

company's responsibility, sustainability

Chairman, President and CEO

and governance eorts.

Senior Vice President, Strategy

Senior Vice President

The CSR function and Corporate Secretary

and Corporate Development

and General Counsel

champion and coordinate our commitment

to ESG topics driving strategy, processes,

and reporting. This includes collaboration

Corporate Social

Corporate Secretary

and integration with corporate functions and

Responsibility

engagement with external stakeholders.

Global businesses and colleagues

Businesses integrate policies and

programs, implementing initiatives with

Sustainable Development

Strategic

Featured 2020

Goals (SDGs)

alignment

contributions

Our Mission is to

• We are fighting COVID-19 in low- and middle-income countries (LMICs) as part

enable our customers

of a global pandemic response consortium. Partnering with a robust network

to make the world

of leading experts, policy makers, bilateral agencies and public health and

healthier, cleaner and

humanitarian aid organizations, we are delivering an integrated solution for the

safer. Our products

equitable distribution of tests, therapeutics and vaccines.

and services are

• Our forensic DNA technologies make the world safer. They have globally

Ensure healthy lives and

designed to benefit

supported criminal investigations for over 30 years and are essential to

promote well-being for all

society globally, while

upholding the pursuit of justice. Our solutions solve and prevent crimes,

at all ages.

our commitment

including sexual assaults and human trafficking, and they also exonerate the

to innovation

wrongfully convicted.

pushes science and

technology a step

• Next-generation sequencing (NGS) helps match cancer patients with the most

beyond where it is

effective therapies - insight that should be equally accessible to all. The

today - to solve the

automated Ion Torrent™ Genexus™ System returns results in a single day and -

problems of tomorrow.

unlike traditionally complex systems - can be operated by virtually any certified

hospital lab technician. The technology's simplicity and cost-effectiveness can

facilitate NGS adoption by the average community hospital, which is where the

majority of cancer patients are diagnosed and treated.

We are helping to

• Thermo Fisher Scientific Fund: The Foundation for Science was launched in 2020

ignite the spark

to amplify the impact of our STEM education programming. With an investment

that will inspire the

of $30 million, we are increasing equitable - and early - access to STEM for

next generation of

underserved populations including girls, minorities and students living below the

innovators. Research

poverty line. A life sciences industry that more fully reflects society will help solve

shows students

the world's most complex problems for all.

Ensure inclusive and

begin losing interest

• Together with the Boys & Girls Club of America (BGCA), we adapted our DIY

equitable quality

in STEM-related

STEM program for the virtual environment at a time when many students

education and promote

subjects as early as

were unable to access their local clubs for in-person support and enrichment

lifelong learning

11 years of age, which

opportunities. BGCA's MyFuture platform was launched to provide youth a

opportunities for all.

is why our STEM

secure destination for virtual STEM networking and content. Our digital

education strategy

offerings launched in 2020 feature Thermo Fisher colleagues, technologies

starts connecting with

and careers.

students early.

• The Just Project, named after pioneering African American biologist Dr. Ernest

Everett Just, supports free COVID-19 testing to assist with the safe reopening

of historically Black colleges and universities (HBCUs). This effort is, in part,

to mitigate student attrition during the crisis since HBCUs, which make up only

3 percent of US colleges and universities, produce 30 percent of all African

Americans with STEM bachelor's degrees. Through 2023, Thermo Fisher will hire

at least 500 alumni from these institutions.

For more on this work, see this report's section titled Communities.

Sustainable Development

Strategic

Featured 2020

Goals (SDGs)

alignment

contributions

We provide fulfilling

• Manufacturing is the backbone of our Company. In 2020, we added more than

careers across the

2,500 new manufacturing jobs worldwide. Of these, entry-level positions

globe, ensuring equity

are often a good fit for students directly out of high school, technical school or

and opportunity for

community college. These good-paying opportunities help tackle the under- and

those historically

unemployment crisis facing underserved young adults who might otherwise find

Promote sustained,

underrepresented in

themselves both out of school and out of work.

the STEM industry

inclusive and sustainable

• Our Code of Business Conduct and Ethicsis one of several policies that

specifically, or in the

economic growth,

reinforce treating our colleagues with the dignity and respect they deserve. This

workforce generally.

full and productive

commitment to fair and safe work experiences also extends to our suppliers,

Our collaborative

employment and decent

who are expected to operate with integrity and responsible policies including

and inclusive culture

work for all.

combating slavery and human trafficking. Our integrated approach helps to

helps our colleagues

improve quality of life in communities touched both directly and indirectly by

connect and grow as

our business.

one global team.

• Across our global footprint, we take a localized approach to job creation and

economic development. In 2020, we formalized the Pharma K12 Workforce

Training Development Initiative in Greenville, North Carolina - home to one of

our largest sites. This partnership with a local community college helps high

school graduates start and grow a successful career within the pharmaceutical

industry, right in their own backyard.

For more on this work, see two of this report's sections, Operations and Colleagues.

We are focused on

• We reduce our environmental impact on local communities by ensuring the

protecting the planet,

efficient use of resources in running our business. We source renewable

starting with reducing

electricity through a mix of utility contracts as well as on- and off-site

our carbon footprint.

generation. In Germany and the United Kingdom, where we have the greatest

As a responsible

concentration of sites in Europe, we now power 100% of our operations with

Take urgent action to

business partner

green energy.

to our customers,

combat climate change

• Our analytical instruments are being used around the world to address the

we also help them

and its impacts.

drivers of global warming. Research institutions, government agencies and

advance climate

industrial customers are conducting environmental studies using our mass

science and reduce

spectrometers and detecting and examining pollution and carbon emissions with

the environmental

our gas analyzers and ambient air monitors.

impact of their own

labs and operations.

• We continually work to develop environmentally friendly products in support

of our customers. Among this year's new greener alternatives, Thermo Scientific™

Labtainer™ Pro BioProcess Containers reduce packaging 24%, and Thermo

Scientific™ Nunc™ Edge™ well plates generate up to 9% less plastic waste while

significantly increasing useful capacity for a 40% increase in efficiency.

For more on this work, see this report's section titled Environment.