Climate Change Data

Environmental Metrics

ESG Focus Areas

• Gender diversity
• Safety
• Environment
• Compliance

Environmental Achievements

• Increased the amount of CO2 offset through the purchase of carbon credits
• Multiplied tenfold the number of laboratories for which carbon footprint is measured
• Announced the ambitious goal of achieving carbon neutrality by 2025

Social Achievements

• Launched a comprehensive global Equality Driving Excellence (EDE) initiative
• Created new jobs during the pandemic
• Established a dedicated Solidarity Fund to provide support to Eurofins employees who may have experienced exceptional hardship due to the impact of the pandemic
• Made several testing donations

Governance Achievements

• Appointment of a fourth independent director with over 40 years of experience in audit and accounting to the Board of Directors
• Introduction of two new Core Compliance Documents

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic disruptions
• Impact of lockdowns in many geographies
• Delays and cancellations of early phase clinical trials
• Civil unrest in Chile

Mitigation Strategies

• Rapid development and delivery of solutions to fight the pandemic
• Significant investment in infrastructure, especially IT
• Repurposing laboratories and redeploying staff
• Establishment of widespread PCR testing capabilities

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 2
• Goal 3
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 16

Eurofins believes its businesses are consistent with and supporting of 16 of the 17 UNSDGs

Awards & Recognition

• EcoVadis silver medal

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Equity
• Governance
• Human Rights
• Sustainable Procurement and Supply Chain Management
• People Health and Safety
• Product and Service Quality

Environmental Achievements

• 3.8% reduction in carbon footprint (tCO2e/FTE) compared to baseline year (2019)
• Significantly increased scope of carbon footprint data collection (77% FTEs/55% sites vs. 20% FTEs/10% sites in FY 2020)

Social Achievements

• Increasingly strong female representation in leadership roles (49% female leaders at all leadership levels, 30% National Business Line leaders/Business Unit Managers, 21% Senior Leadership/Regional Business Line leaders)
• Listed in the Human Rights Campaign HRC 2022 Corporate Equality Index (CEI)
• Eurofins Foundation is supporting 92 projects around the world, 17 more than in 2020, and twice as many as during its first year of existence in 2019

Governance Achievements

• Established Sustainability and Corporate Governance Committee at Board level and an Executive Sustainability Committee
• Board development with the appointment of two new independent directors and achieving gender parity at Board level
• Upgrades from eight ESG rating agencies during 2021

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic and extreme weather events
• Increased competition in the bioanalytical testing market
• Cost pressures and potential price falls for testing services

Mitigation Strategies

• Business continuity planning
• Continuous development of new and innovative services
• Focus on high quality and reliability, flexibility and excellence in customer service
• Standardisation and industrialisation of processes to lower costs and increase quality
• Strategic business line reviews at regional level
• Initiatives to strengthen Eurofins' brand
• Digitalisation and seamless digital customer experience

Supply Chain Management

Supplier Audits: Eurofins Supplier Code of Ethics confirmed on >30% of purchasing spend allocated with Significant Eurofins Vendors

Responsible Procurement

• Eurofins Group Supplier Code of Ethics

Climate-Related Risks & Opportunities

Physical Risks

• Riverine flood
• Heat waves

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Resource efficiency and cost savings
• Adoption of low-emission energy sources
• Development of new products and services

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001, ISO 45001

Third-party Assurance: CO2logic

UN Sustainable Development Goals

• Goal 1
• Goal 2
• Goal 3
• Goal 4
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 16

Eurofins' businesses and initiatives contribute to these goals through testing services, responsible business practices, environmental stewardship, and community engagement.

Sustainable Products & Innovation

• Eco-friendly paper bags and ecoBÖXLE for sample shipment

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity and Inclusion
• Health & Safety
• Human Rights
• Sustainable Procurement
• Corporate Governance

Environmental Achievements

• Significantly increased scope of carbon footprint data collection with the support of over 150 CO2 Champions
• Achieved carbon intensity (tCO2e/FTE) reduction 8.8% vs 2021 and 14.2% vs 2019
• Increased green electricity utilized across the Eurofins network from 8% in 2021 to 20% in 2022
• Reduced total energy consumption by 4.7% compared to 2021
• Reduced total water usage to ca. 1.5 Mio. m3 (2021: ca. 1.8 Mio. m3)
• Reduced total wastewater discharge to ca. 1.35 Mio. m3 from ca. 1.6 Mio. m3

Social Achievements

• Significant investments to enhance and improve training for all employees, resulting in the addition of more than 50 new training courses to the Eurofins Academy portfolio and an upgraded Eurofins Learning Centre platform
• Zero work-related contractor or Employee fatalities in 2022
• Increased female representation in the Group Operating Council from 9% in 2021 to 25% in 2022
• Continued investment in campus recruiting events, expanded training portfolio, and focus on leadership development

Governance Achievements

• Upgrades from seven ESG rating agencies during 2022
• Actively engaging with vendors to complete online CSR assessments
• Implemented a separate ESG target setting exercise for all senior leaders

Climate Goals & Targets

Environmental Challenges

• Enhanced reporting obligations on CO2 emissions
• Price reduction of tests and services
• Shift in customer preferences
• Price increase of Carbon Credits
• Availability and price increase of green energy
• Introduction of carbon taxes and emission trading systems
• Costs of transition to lower emissions technology
• Increasing likelihood and severity of extreme weather events
• Significant increase of very hot days and heat waves

Mitigation Strategies

• Continuous development of new and innovative services
• Focus on high quality and reliability
• Flexibility and excellence in customer service
• Initiatives to cut emissions (solar PV systems, renewable energy sourcing)
• Diversified portfolio of carbon credits
• Regular monitoring of exposure of Eurofins’ Sites to natural hazards
• Scenario analysis on river flood risk and heat waves
• Business Continuity planning
• Investments to adapt operations and ensure preservation of quality standards
• Definition of Group guidelines to design and renovate buildings with the objective of carbon neutrality

Supply Chain Management

Supplier Audits: 102 vendors invited for Corporate Social Responsibility (CSR) on-line assessments in 2022

Responsible Procurement

• Eurofins Group Supplier Code of Ethics
• CSR ratings incorporated into supplier selection, onboarding, and evaluation

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (storms, floods)
• Heat waves

Transition Risks

• Enhanced reporting obligations on CO2 emissions
• Price increase of Carbon Credits
• Availability and price increase of green energy
• Introduction of carbon taxes and emission trading systems
• Costs to adopt / deploy new technologies

Opportunities

• Use renewable sources of energy
• Move to more efficient buildings
• Increasing demand of testing services to measure, reduce and certify carbon emissions

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Eurofins believes its businesses are consistent with and support 16 of the 17 of the UNSDGs

Sustainable Products & Innovation

• Eurofins Sustainability Services

Awards & Recognition

• Leader in Diversity by the Financial Times and Statista
• 2023 Diversity Leader in the Financial Times - “Diversity Leader” Report

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity and Inclusion
• Corporate Governance
• Sustainable Procurement and Supply Chain Management
• Honesty, Integrity and Human Rights

Environmental Achievements

• Achieved carbon intensity (tCO₂e/FTE) reduction: -7.6% vs 2022, -18.5% vs 2019 (baseline year)
• Increased % of renewable energy utilized from 20% in 2022 to 23% in 2023
• Participation in the Serbal Solar Project in Spain, expected to deliver 76,000 megawatt hours of green energy per year from 2025

Social Achievements

• Recognised for a third year in a row as a Leader in Diversity by the Financial Times and Statista
• Increased % of female representation at Group Operating Council level and Regional Business Line Leaders (2023 – 21% vs. 2022 18%), National and Business Line Leader level and Business Unit Leadership level (2023 – 34% vs. 2022 30%) and among all Employees (2023 – 57% vs. 2022 55%)
• Zero work-related contractor or Employee fatalities in 2023
• The Eurofins Foundation selected 73 projects for funding in 2023 and provided emergency support to help the victims of the devastating series of earthquakes in Turkey and Syria

Governance Achievements

• Continued to earn solid ratings from ESG rating agencies during 2023
• Two Sustainability and Corporate Governance Committee members on the Board of Directors completed ESG diploma and certification courses
• Strengthened procurement and Supply Chain management practices by confirming Supplier Code of Ethics with significant vendors accounting for more than 58% of Eurofins’ overall purchasing spend and 90% of core Supplier spend

Climate Goals & Targets

Environmental Challenges

• Geopolitically and economically uncertain climate
• Some clients experiencing less demand due to economic pressures
• Challenges to achieve carbon neutrality in a decentralised organisation

Mitigation Strategies

• Empowered Leaders make right decisions to steer companies through challenges
• Close collaboration with public health authorities to tackle new challenges
• Innovation and extension of services to help clients reduce environmental impact
• Strategic investment in renewable energy (Serbal Solar Project)
• Implementation of CO₂ reduction targets for Eurofins’ Leaders, initiating leadership-driven CO₂ reduction initiatives

Supply Chain Management

Supplier Audits: 74% of purchasing spend with targeted Suppliers verified for ESG scorecard validity

Responsible Procurement

• Eurofins Supplier Code of Ethics
• Annual ESG compliance documentation from key Suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Heat waves

Transition Risks

• Costs of transitioning to lower emissions technology
• Increase in carbon prices
• Enhanced reporting obligations

Opportunities

• Use of renewable energy sources
• Increased demand for testing services related to carbon emissions reduction
• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 2
• SDG 3
• SDG 7
• SDG 13
• SDG 14
• SDG 15
• SDG 16

Eurofins’ testing services support and provide necessary data to decision-makers to make choices that positively impact people, the environment and mitigate risks

Sustainable Products & Innovation

• Chem-ST®
• PFAS testing
• Durability Testing and Verification Mark service

Awards & Recognition

• Sustainable Business Award from the European Union Chamber of Commerce in China
• Honorable Mention at the I2SL Sustainable Laboratory Awards
• Samaritan Center of Lancaster’s 2023 Ethics in Business Award