TFS HealthScience
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:925 tCO2e/year (market-based)
Scope 1 Emissions:52 tCO2e/year
Scope 2 Emissions:40 tCO2e/year
Scope 3 Emissions:833 tCO2e/year
ESG Focus Areas
- Employee Experience
- Talent Management
- Community Engagement
- Diversity and Inclusion
- Climate change
- Greenhouse gases
- Energy
- Carbon Footprint
- Business Travel
- Energy Consumption
- Waste Management
- Patient Safety
- Sustainable Clinical Trials
- Business & Development
- Patient safety and Data Integrity
- Regulatory Compliance
- Quality Assurance
- Ethics and Anti-Corruption
- Financial Growth
- Innovation
Environmental Achievements
- Improved CDP Scoring from D to C
- Implemented a global travel booking platform to promote environmentally and financially sustainable travel choices
- Enhanced CO2 emission tracking and reporting
- EcoVadis Silver rating for the fourth consecutive year, positioning us in the top 8% of companies across industries
Social Achievements
- 79% response rate in employee engagement survey with improvements on workload, equality, and sustainability scores
- 29,898 training tasks completed to support regulatory compliance
- 1,037 hours logged to develop soft skills
- 4,424 courses completed to bolster IT security
- Expanded operations into Portugal, Switzerland, and Israel
Governance Achievements
- 3 new strategic partnerships to improve data quality and patient safety, reduce trial costs and health disparities, and expand therapeutic expertise and geographic reach
- Updated Supplier Code of Conduct
- Implemented Medidata Detect for improved data quality and patient safety
Climate Goals & Targets
Long-term Goals:
- Reduce greenhouse gas emissions
Medium-term Goals:
- Move towards a fossil fuel-free fleet of company cars
Short-term Goals:
- Develop targets for SBTi validation in 2024-2025
Environmental Challenges
- Reducing greenhouse gas emissions
- Data privacy and security risks
- Changes in regulations
- Hacker attacks
- Liquidity risks associated with customers
Mitigation Strategies
- Investing in a new travel booking platform and working with a third-party provider to better track, assess, and report on our carbon emissions
- Moving towards a fossil fuel-free fleet of company cars
- Investing in energy from renewable sources
- Robust data protection measures and adherence to all relevant data protection regulations and standards
- Regular and targeted cybersecurity training
- Contingency plans to minimize the effects of unexpected events
Supply Chain Management
Responsible Procurement
- Sustainable Procurement policy
- Updated Supplier Code of Conduct
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards, UN Global Compact’s 10 Principles, UN Guiding Principles on Business, EU Taxonomy Regulation
Certifications: EcoVadis Silver Rating, CDP
UN Sustainable Development Goals
- 3. Good health and well-being
- 5. Gender equality
- 9. Industry, innovation, and infrastructure
- 10. Reduced inequalities
- 12. Responsible consumption and production
- 13. Climate action
- 17. Partnerships for the goals
TFS contributes to these goals through its clinical research activities, sustainability initiatives, and community engagement.
Awards & Recognition
- EcoVadis Silver Rating