WuXi Biologics Achieves CDP's Highest Rating for Climate Engagement, Adds to Water Security A List Recognition

WuXi Biologics was named to the A List for CDP's Supplier Engagement Assessment, earning the highest rating for supply chain engagement on climate. The company was also recognized on the Water Security A List and received a leadership score on climate change. WuXi Biologics drives sustainability through value chain decarbonization and empowerment, aiming to achieve net-zero emissions from overall operations by 2050.

WuXi Biologics (2269.HK), a leading global Contract Research, Development, and Manufacturing Organization (CRDMO), has been recognized for its exceptional performance in supply chain engagement on climate-related issues. The company was named to the A List for the Supplier Engagement Assessment (SEA) by CDP, an environmental non-profit organization [1]. This distinction is a testament to WuXi Biologics' commitment to sustainability and its leadership in driving value chain decarbonization.

WuXi Biologics' achievement in the CDP's SEA A List follows its inclusion on the Water Security A List and its consecutive Climate Change Leadership-level scores. The company has demonstrated superior performance in governance, business strategy, targets, Scope 3 emissions reporting, and risk management processes related to climate change [1].

The company's dedication to sustainability is evident in its Science Based Target initiative (SBTi) adoption and its goal to achieve net-zero emissions from overall operations by 2050. WuXi Biologics has already realized a 30% reduction in GHG (Scope 1 and Scope 2) emissions in 2024 compared to 2020 [1]. Furthermore, the company actively engages with its suppliers to promote sustainable practices, aiming to create positive impacts across the entire value chain.

Dr. Chris Chen, CEO of WuXi Biologics and Chairman of its ESG Committee, expressed his pleasure at the recognition, stating, "We are very pleased to be named to the CDP's A List for its Supplier Engagement Assessment, an acknowledgement that further inspires our steadfast dedication to driving sustainability" [1].

WuXi Biologics' commitment to sustainability is not limited to climate change. The company is also a participant of the United Nations Global Compact (UNGC) and the Pharmaceutical Supply Chain Initiative (PSCI), and has earned numerous recognitions for its efforts. These include an MSCI AAA Rating, an EcoVadis Platinum Medal, and listings in the Dow Jones Sustainability Indices (DJSI) [1].

CDP's annual ratings are widely used to drive investment and procurement decisions. The organization's global standard for corporate environmental reporting has helped more than 24,800 companies disclose their environmental impacts in 2024 [1].

References:
[1] https://www.prnewswire.com/news-releases/wuxi-biologics-named-to-a-list-for-cdp-supplier-engagement-assessment-302523000.html