Parexel
Climate Impact & Sustainability Data (2020-2021)
Reporting Period: 2020-2021
Environmental Metrics
Waste Generated:~11 tons (non-hazardous)
ESG Focus Areas
- Patients
- Diversity, Equity and Inclusion
- Environmental Sustainability
- Governance
Environmental Achievements
- Increased office space in LEED or BREEAM certified buildings to approximately 23%
- Diverted ~11 tons of non-hazardous waste from landfill as a result of space reduction
- Reduced energy consumption (kWh/employee/yr): Americas -5.8%, APAC -0.2%, EMEA -33.0%, Total -12.7%
Social Achievements
- Launched #KeepingPatientsFirst platform for COVID-19 research
- Launched COVID-19 Clearinghouse online resource
- Provided PPE and vaccine education for employees
- Accelerated use of Decentralized Clinical Trials (DCTs)
- Conducted 10 meetings of Patient Advisory Committee
- Donated >$300,000 to patient advocacy groups
- Funded procurement of 100 oxygen concentrators and launched a mobile diagnostics lab in India to combat COVID-19
- Patient Innovation Center team donated 400 hours to volunteer programs
Governance Achievements
- 100% of colleagues completed annual Code of Conduct and Anti-Bribery/Anti-Corruption training
- 100% of colleagues have access to Speak Up program
- Implemented Enterprise Risk Management (ERM) approach
Climate Goals & Targets
Short-term Goals:
- Reduce physical footprint in 2022 and beyond
Environmental Challenges
- COVID-19 pandemic and its impact on clinical trials and operations
- Reducing environmental footprint
Mitigation Strategies
- Pivoted to new approaches for customer delivery and clinical trials
- Provided dedicated hub on company intranet for COVID-19 resources
- Accelerated use of DCTs
- Expanding Flexible Work policy to maximize efficiency and reduce physical footprint
- Established baseline metrics to monitor sustainable efforts
Supply Chain Management
Responsible Procurement
- Environmental measures included in supplier selection criteria
- Goal: 100% of top-tier suppliers demonstrate commitment to DEI
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: CERES principles, Carbon Disclosure Project, EcoVadis
Certifications: LEED (Bangalore, Hyderabad, Mohali, Berlin, Dublin), BREEAM
UN Sustainable Development Goals
- Good Health and Well-being (SDG 3)
- Reduced Inequalities (SDG 10)
Patient Innovation Center aims to address access of care, good health and wellbeing and inequality
Awards & Recognition
- Bronze (2020) India Workplace Equality Index (IWEI)
- Top-3 CRO (2019) CenterWatch Biannual Global Site Relationship survey
- Most Innovative CRO (2021) Triangle Business Journal
- Most Favored Provider for Ph I Services (2021)
- Top-3 CRO Ph II/III Services (2021) Industry Standard Research (ISR) Report
- Corporate Equality Index (2020)
- Top20 Most Innovative Practices (DivHERsity Policies, 2021 and 2020)
- Top20 DivHERsity Champions (Large Enterprises, 2021)
- DivHERsity Best Employers for Diversity (2020)
- Forbes Best Contract Research Organization (2020)