Reflecting our commitment to humanity, our stakeholders and to environmental, social and governance issues, we focus our Corporate Social Responsibility (CSR) approach in four key pillars that are aligned with our business model, strategy and values. Focusing on Operations, Colleagues, Communities and Environment enables us to drive value by providing high quality products for our customers, creating a great place to work for our colleagues, delivering returns for our shareholders, making a difference in our communities and reducing our impact on the environment. Together, our investments in technology, products and people help to ensure sustainable growth and create a positive impact on the world.
Marc N. Casper
President and CEO
Thermo Fisher Scientific is the world leader in serving science, and with that position comes a great sense of responsibility to the global community. We realize we have the ability to make a significant positive impact on society in many different ways.
Our Mission is to enable our customers to make the world healthier, cleaner, and safer, and the COVID-19 pandemic is a powerful reminder of its importance. We are at the heart of the global response in protecting people from the virus, advancing research, providing diagnostic tests, and developing therapies and vaccines. Our Mission inspires our more than 75,000 colleagues around the world to do their best every day – for our customers and society.
As our world becomes more complex and interconnected, it becomes increasingly important to have a holistic approach to operating our business. All of our stakeholders – customers, colleagues, communities, and shareholders– want to be associated with a company that not only delivers outstanding performance but does so responsibly to create long-term value. In 2019, we joined the United Nations Global Compact to demonstrate our commitment to upholding their guiding principles around business sustainability.
Operating with integrity and acting responsibly is not only the right thing to do, but also makes us a better partner for our customers. We provide innovative solutions that help them meet their sustainability goals while we work to reduce our own environmental impact. For example, through our Practical Process Improvement (PPI) Business System, we’re focused on increasing efficiency and optimizing the resources we use at our facilities. We continue to invest in energy-reduction projects and technologies and, in 2019, set a target to reduce our greenhouse gas emissions by 30% by the year 2030.
Living our 4i Values of Integrity, Intensity, Innovation and Involvement not only allows us to build a customer-centric culture but also creates an environment where our colleagues can do their best work. In 2019, our Employee Involvement Survey showed that our top strengths as a company include safety, respect for differences, alignment on priorities, and that our colleagues understand their contribution to our success. We once again achieved perfect scores on the Corporate Equality and Disability Equality indices, highlighting our commitment to creating one global team that can benefit from the unique experiences and abilities of all colleagues.
We recognize that as a science and technology leader, it is critical to support our communities where we operate across the globe. Through our STEM education programs, we strive to inspire the next generation of innovators, ensuring the important work performed by our customers can continue into the next decade. In 2019, our programs connected over 178,000 students around the world to science and our colleagues volunteered over 115,000 hours of their time supporting a variety of causes important to local communities.
The stories in this report highlight just a few of our contributions from the past year. I feel honored to lead a global team that is passionate about fulfilling our Mission and taking responsibility for making the world a better place.
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, with annual revenue exceeding $30 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies or increasing productivity in their laboratories, we are here to support them. Our global team of more than 80,000 colleagues delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services and Patheon. Read more about Thermo Fisher Scientific in our latest Annual Report.
Thermo Fisher’s 4i Values of Integrity, Intensity, Innovation, and Involvement make up our culture and guide our colleagues’ interaction – with our customers, suppliers, and partners, and with each other. These four values are the very foundation of our culture and are fundamental to our CSR approach.
CSR reporting guidelines and frameworks are important tools for understanding and communicating the impact of business on critical sustainability issues. In line with our commitment to transparency, we publish an annual CSR Report that outlines our progress, aligns to leading standards, and reflects our support for the UN Global Compact’s ten principles on human rights, labor, environment, and anti-corruption.
In addition, we take a number of frameworks and guidelines into account to inform the scope of our reporting. This includes our continued disclosure through the Global Reporting Initiative (GRI) Standards, UN Global Compact, and CDP, as well as our plans to align to the UN Sustainable Development Goals (SDGs) and the Sustainability Accounting Standards Board (SASB) by the end of 2021.