Climate Change Data

Foundation Medicine

Climate Impact & Sustainability Data (2020, 2021)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Ethics
  • Labor
  • Health and Safety
  • Environment
  • Economic Sustainability
  • Supplier Diversity
  • Human Rights

Climate Goals & Targets

Supply Chain Management

Supplier Audits: Supplier Sustainability Assurance Visit program

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Diversity, Equity & Inclusion

Social Achievements

  • Grew Employee Resource Networks (ERNs) from four to seven.
  • Formed a diversified DE&I Committee.
  • Developed and approved an Enterprise Diversity strategy.
  • Implemented values-based interviewing techniques to reduce bias in hiring.
  • Piloted blind resume reviews to reduce bias.
  • Launched a Supplier Diversity program.
  • Rolled out unconscious bias training to 80% of employees.
  • Added Martin Luther King, Jr. Day and Juneteenth as company holidays.
  • Held a DE&I Fair featuring prominent thought leaders.

Governance Achievements

  • Established a DE&I Committee with 25 employees representing all business units.

Climate Goals & Targets

Medium-term Goals:
  • Further integrate DE&I into all aspects of the People Team strategy (ANDEngage).
Short-term Goals:
  • Increase investment with diverse suppliers by 3% in 2022.
  • Continue to improve unconscious bias in interviewing processes.

Environmental Challenges

  • Lack of a cohesive approach to DE&I initiatives prior to 2021.
  • Unconscious bias in interviewing processes.
  • Need to increase representation of underrepresented groups.
Mitigation Strategies
  • Developed a robust and actionable DE&I strategy.
  • Implemented values-based interviewing and blind resume reviews.
  • Launched a Supplier Diversity program.
  • Developed a DE&I Dashboard to track employee representation.
  • Held listening sessions to gather employee feedback.
  • Created a “Words Matter” guide for improved communication.
  • Developed a custom unconscious bias training program.
  • Used Emsi to benchmark against industry data.

Supply Chain Management

Responsible Procurement
  • Supplier Diversity program
  • Mentor-protégé program for small businesses

Climate-Related Risks & Opportunities

Awards & Recognition

  • Three bronze Telly Awards for Transgender Day of Visibility video