Letter from our CEO


Marc N. Casper

President and CEO


In a world that continues to face significant health, economic, social justice and humanitarian challenges, I couldn’t be prouder of Thermo Fisher’s role in addressing them. We are the world leader in serving science, and our responsibility encompasses both our commitment to our customers and the impact we have through our business practices and involvement in the global community.

 

Our driving force is our Mission: to enable our customers to make the world healthier, cleaner and safer. Our 90,000 colleagues are incredibly passionate about that purpose, and I’m so grateful to them for what they do every day. As a tribute, we have featured many of our colleagues on the cover of this report.

 

The global pandemic is one of the most profound examples of how we fulfill our Mission, and as we publish this report in 2021, we continue to play a central role in the response – enabling research of the virus, delivering the gold standard in diagnostic testing, protecting those on the front lines and supporting the development, production and distribution of vaccines and treatments.

 

In addition to enabling the societal response to the pandemic, we’ve also stepped in directly to support communities hardest hit. For example, earlier this year we donated $10 million in monetary support and urgently needed products to help India bring the health crisis under control. In 2020, we launched the Just Project with a donation of $25 million in diagnostic instruments, test kits and related supplies

to support the safe reopening of historically Black colleges and universities (HBCUs) in the US. We established the Just Project to leverage our industry position to drive social justice. Through this national partnership, we’ve committed to hiring at least 500 HBCU graduates through 2023.

 

We’re creating additional opportunities by investing $30 million to establish our Foundation for Science, which amplifies our longstanding support for STEM education, particularly in underserved communities.

 

Our responsibility to society also extends to protecting the planet. We recently committed to achieving net-zero carbon emissions by 2050, in addition to our earlier commitment to reduce our carbon emissions by 30% by 2030. We’re making progress by reducing energy use in our facilities, developing greener products and helping our customers achieve their own environmental stewardship goals.

 

Of course, our social impact starts right here inside Thermo Fisher with the kind of environment we are creating for our colleagues. We have a culture where unique backgrounds and perspectives are valued, and our colleagues are inspired to bring their best every day.

 

We continue to strengthen our culture by listening to and acting on colleague feedback. One way we do this is through our annual Employee Involvement Survey, which drew record participation in 2020. One of the key themes from the feedback is that our pandemic response has fueled a greater sense of belonging and purpose among our colleagues, and this mindset is making our Company even stronger.

It’s great to see Thermo Fisher continually recognized as a great place to work, and once again Fortune has named us one of the World’s Most Admired Companies.

 

While those recognitions are gratifying, what’s even more important is how we measure ourselves. In 2020, we completed a comprehensive assessment to understand the environmental, social and governance issues that matter most to our business and our stakeholders. As you would expect, quality, diversity and inclusion, talent management, community impact and climate change are strategic priorities, and we are taking action to increase transparency in managing and reporting on them. You’ll see that reflected in this and future reports.

 

Operating with integrity and delivering on our responsibility to make the world a

better place is not just the right thing to do. It also makes us a better partner for all of our stakeholders. I invite you to read more about our contributions in this report. It’s a true reflection of who we are.

Marc N. Casper
Chairman, President and CEO