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