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Climate Impact & Sustainability Data (2014, 2015, 2018, 2019, 2020, 2021, 2022, 2023)
Reporting Period: 2014
Environmental Metrics
ESG Focus Areas
- People
- Public
- Planet
Environmental Achievements
- Reduced biohazardous waste disposal by nearly 25% at key laboratory sites in 2014 (22% reduction from 2011 baseline, exceeding the 15% target)
- Overall Scope 1, 2, and 3 emissions decreased by 3.5% in 2014
- 2014 Electricity Usage dropped by 4% from 2013
- 2014 Natural Gas Usage decreased by 10% over 2013
Social Achievements
- Maintained employee retention rate at 88%
- Maintained new hire retention rate at 87%
- Maintained high performer retention rate at 93%
- Increased impact of Healthy U Healthy Q wellness program to 70% globally in 2014
- Total recordable injury rate in the U.S. was 0.58 in 2014 (9% reduction from 2013), well below the industry average of 1.1
- Increased total number of training hours by 25% over the prior year
Governance Achievements
- Completed a comprehensive business case project to define the value of sustainability at Quintiles
- Continued to expand customer feedback and engagement initiatives
- Achieved ISO 14001 certification for the Quintiles Group and three facilities (by late 2015)
Climate Goals & Targets
Environmental Challenges
- Reducing the environmental impact of business travel
- Developing more accurate ways to calculate paper usage and other waste stream generation globally
- Maintaining accurate data collection and reporting of energy and emissions footprint
Mitigation Strategies
- Enhanced efforts to optimize employee travel, increased teleconferencing, and a 10% increase in telecommuting activities
- Improved methods to collect and analyze energy usage data across facilities
- Data collection improvement project to enable more consistent, accurate, and frequent data collection and reporting
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct implemented in 2012
- Risk-based assessments of critical suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI G4 guidelines
Certifications: ISO 14001 (for three facilities and the Quintiles Group by late 2015), LEED (Durham, NC; San Diego, CA; Overland Park, KS; Bangalore, India), BREEAM (Edinburgh, Scotland; Reading, UK)
Awards & Recognition
- American Heart Association’s Fit Friendly Worksite Gold
- Britain’s Healthiest Workplace, Honorable Mention Ragan’s Health care PR and Marketing Award
- Multiple country based Great Place to Work awards
- Computerworld magazine’s “100 Best Places to Work in IT”
- #1 CRO in CRO Quality Benchmarking Report by Industry Standard Research
- CEO Cancer Gold Standard Program (ninth consecutive year)
Reporting Period: 2015
Environmental Metrics
ESG Focus Areas
- Wellness and safety
- Product innovation
- Environmental responsibility
- Ethical business practices
- Diversity
- Retention
- Internal hires
- Leadership development
- Volunteerism
- Customer and stakeholder feedback
Environmental Achievements
- Reduced hazardous waste in research and development labs by nearly 9%
- Reduced paper waste from U.S. sites by 65% since 2012
Social Achievements
- Employee retention rates held steady between 86% and 88% since 2013
- Healthy U Healthy Q program expanded to reach all employees in all regions
- Total learning hours increased over 11% over 2014
- $180,000 donated through matching gifts program
Governance Achievements
- Selected as an index component of the Dow Jones Sustainability Indices (DJSI)
Climate Goals & Targets
- Reduce global scope 1 and 2 carbon emissions by 10% by 2020 indexed to net service revenue
- Establish binless offices at 25% of Quintiles sites by end of 2020
- Increase reuse/recycling rates by 25% by end of 2020
- Reduce motor vehicle/fleet related injuries by 10% by end of 2020
- Global tobacco-free workplace and global employee assistance program by 2018
- Expand ISO 14001/OHSAS 18001 certifications to all laboratory and Phase I locations by the end of 2018
Environmental Challenges
- Increase in biohazardous waste generation in 2015 due to the acquisition of Q² Solutions
- Overall increase in Scope 1, 2, and 3 emissions by around 2.5% due to the addition of new sites
- Challenges in accurately calculating paper usage and waste generation globally
- Higher accident rates in 2015 due to increased number of drivers and enhanced reporting processes
Mitigation Strategies
- Continued focus on managing hazardous and biological waste streams
- Improved tracking, management, and reporting of emissions
- Developing more accurate methods for calculating global waste generation
- Increased communications and awareness of incident reporting, implementation of a new safety course
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Dow Jones Sustainability Indices (DJSI)
Certifications: CEO Cancer Gold Standard Program
Awards & Recognition
- World’s Most Admired Companies – Fortune
- Best CRO – SCRIP Awards
- Americas Best Employers – FORBES
- Asia-Pacific CRO of the Year – Frost & Sullivan
- InformationWeek Elite 100 – InformationWeek
- Fit Friendly Gold Award – American Heart Association
Reporting Period: 2018
Environmental Metrics
ESG Focus Areas
- People
- Planet
- Public
Environmental Achievements
- Implemented measures to increase the efficiency of HVAC systems and reduce energy consumption of idle equipment
- Increased the percentage of sites engaging in waste reduction strategies
- Improved waste minimization, segregation, and disposal through enhanced training and awareness
Social Achievements
- IQVIA’s CEO Award program donated $100,000 to charities
- IQVIA Day provided employees a day off for volunteer activities
- Donated $50,000 to the North Carolina Disaster Relief Fund and $21,000 to match employee donations to the Red Cross after Hurricane Florence
Governance Achievements
- Established a policy framework to reinforce culture and core values
- Global Corporate Policies align with the Code of Conduct, “Doing the Right Thing”
- Over 98 percent completion rate for required compliance courses
- Implemented accident reporting processes across all merged and acquired entities
Climate Goals & Targets
Environmental Challenges
- Greenhouse gas emissions from business travel
- Waste management and disposal
- Implementing consistent accident reporting processes across all entities
Mitigation Strategies
- Efforts to decrease airline use and company car carbon emissions
- Increased teleconferencing and telecommuting
- Promoting transportation alternatives (public transit, ride-sharing, cycling)
- Waste reduction strategies and improved waste management practices
- Implementing a new “all hands” safety course and accident reporting processes
Supply Chain Management
Responsible Procurement
- IQVIA Supplier Code of Conduct
Climate-Related Risks & Opportunities
Awards & Recognition
- One of the 2018 FORTUNE “World’s Most Admired Companies®”
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Planet
- People
- Public
Environmental Achievements
- Reduced global real estate portfolio by 110,000 square feet, contributing to an overall reduction of 7,743 tonnes in GHG emissions
- Reduced paper usage by 15 million sheets and decommissioned 200 printers, resulting in a combined reduction of 185 tons of CO2 emissions
- Achieved a Bronze Rating from EcoVadis
Social Achievements
- Invested in a common global learning platform
- Launched the Brave Minds employee value proposition
- Provided a variety of health and welfare benefit plans to employees and their family members
- Donated over $1 million to various health-related nonprofit organizations
- IQVIA Day encourages employees to participate and receive a day off to perform volunteer activities within their local communities.
Governance Achievements
- Established and maintains written guidelines for appropriate and acceptable conduct
- Implemented a robust Ethics and Compliance Program
- Provides various channels for employees to report potential or actual violations of law, regulation, or policy
Climate Goals & Targets
- Achieve Silver Rating from EcoVadis by end of 2020
Environmental Challenges
- Climate change impacts on human health and well-being (increased spread of infectious diseases, waterborne diseases, food insecurity)
- Increased energy consumption due to business growth
- Managing GHG emissions from business travel
- Improving data collection processes to reduce the use of estimated data in future years
Mitigation Strategies
- Implementing measures to increase the efficiency of HVAC systems and reduce energy consumption of idle equipment
- Using Energy Star certified equipment
- Extending the useful life of servers and other equipment
- Increasing the number of sites tracking energy and natural gas usage
- Decreasing airline use and company car carbon emissions
- Optimizing employee travel and increasing teleconferencing and telecommuting activities
- Promoting transportation alternatives (public transit, ride-sharing, cycling)
- Considering proximity to public transport when choosing new offices
Supply Chain Management
Responsible Procurement
- IQVIA Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Increased spread of infectious diseases
- Access to clean water
- Food insecurity
- Food hygiene issues
Transition Risks
- Increased energy consumption and operational costs
Opportunities
- Supporting customers in an expanded capacity as demand for healthcare and biopharmaceutical solutions rises
Reporting Standards
Frameworks Used: CDP
Certifications: ISO 14001:2004, OHSAS 18001
Sustainable Products & Innovation
- Energy efficient electronic data services
Awards & Recognition
- One of the 2019 FORTUNE “World’s Most Admired Companies®”,
- One of the Best Employers for Women 2019 by Forbes
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Data privacy
- Cyber security
- Diversity & inclusion
- Climate change
- Waste management
- Sustainable procurement
- Ethics and compliance
Environmental Achievements
- Reduced global real estate portfolio by ~200,000 square feet (3%) in 2020
- Removed 100% of single-use plastic in all office facilities by the end of 2021 (target)
Social Achievements
- Launched IQVIA Cares, providing financial aid to over 2,200 employees experiencing hardship due to the pandemic
- Launched Black Outreach & Engagement Initiative to improve engagement among Black colleagues
- Increased disclosure on diversity and inclusion, providing key demographic data in public filings
- 81% favorable employee engagement rating (13 percentage point increase from 2018)
- Accelerated rollout of Employee Assistance Program to all employees
Governance Achievements
- Appointed a Board member to provide Board oversight of Sustainability and Corporate Citizenship program
- Reinforced ethics and compliance program through enhanced policies and management certification of compliance
- Joined the UN Global Compact
Climate Goals & Targets
- Set a science-based target, certified by the Science-Based Targets initiative (SBTi), by the end of 2023
- Remove 100% of single-use plastic in all office facilities by the end of 2021
Environmental Challenges
- COVID-19 pandemic impact on employees, operations, and travel
- Data privacy and cybersecurity risks
- Managing environmental impact of a largely remote workforce
Mitigation Strategies
- Implemented flexible work-from-home arrangements
- Developed robust safety protocols for on-site employees
- Launched COVID-19 relief program (IQVIA Cares)
- Increased cybersecurity efforts
- Reduced global real estate footprint
- Continued focus on energy efficiency and renewable energy
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Increased risk of infectious diseases, water-borne illnesses, food insecurity
Transition Risks
- Increased energy consumption due to growing demand for healthcare solutions
Opportunities
- Energy efficiency improvements, renewable energy use
Reporting Standards
Frameworks Used: SASB
Certifications: ISO 14001:2015, ISO 45001:2018
UN Sustainable Development Goals
- 12
- 13
IQVIA has identified four UN Sustainable Development Goals (SDGs) that it believes it can have the most impact towards advancing. A target is in place for SDG #12, and a target for SDG #13 will be created by 2023.
Awards & Recognition
- 2020 FORTUNE: World’s Most Admired Companies®
- Forbes: World’s Best Employers 2020
- Fierce Innovation Awards: Life Sciences Edition – IQVIA eCOA, Digital Health category
- American Business Awards: Gold Winner for Technology Innovation of the Year (RIM Smart) and Silver Winner for Most Innovative Company (IQVIA)
- Life Science Leader CRO Leadership Awards
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Climate change
- Diversity and Inclusion
- Governance
- Data Privacy
- Cybersecurity
- Ethical Business Conduct
Environmental Achievements
- Reduced total GHG emissions year-over-year across Scopes 1, 2, and 3
- Continued to reduce energy consumption
- Transitioned to 100% renewable energy supply in Scotland laboratory
- Removed all single-use plastics from office facilities worldwide
Social Achievements
- Increased gender and racial/ethnic diversity of the Board
- Increased gender and racial/ethnic diversity of the workforce
- Improved employee engagement levels (85% favorable rating)
- Expanded Employee Resource Group (ERG) program
- Enhanced connections with Historically Black Colleges and Universities (HBCUs)
- Launched IQVIA Global Well-being Program (Healthy You)
- Launched Real Talk initiative for managers on D&I
- Launched Mentoring for Inclusion program
- Launched Sponsorship Program
Governance Achievements
- Amended Nominating and Governance Committee charter to explicitly state responsibility for ESG oversight
- Enhanced Board diversity with new appointments
- Adopted GRI, SASB, and TCFD reporting frameworks
- Publicly disclosed Employment Information Report EEO-1
- Implemented a Commitment to Compliance Performance Goal for all employees
Climate Goals & Targets
- Set a science-based target by end of 2023 to reduce carbon emissions
Environmental Challenges
- Climate change's potential impact on human health and well-being
- Increased cost of raw materials
- Increased insurance claim liability due to extreme weather
- Potential impact on revenue from fluctuating demand
- Acute physical risks from extreme weather events
Mitigation Strategies
- Reducing real estate footprint and business travel
- Investing in renewable energy and energy efficiency measures
- Implementing energy-saving measures (HVAC, equipment)
- Promoting lower-carbon travel options
- Implementing flexible work-from-home arrangements
- Utilizing a risk tool to identify threats and vulnerabilities
- Comprehensive business continuity and disaster recovery program
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Increased risk of infectious diseases
- Water-borne illnesses
- Food insecurity
- Extreme weather events
Transition Risks
- Increased cost of raw materials
- Increased insurance claim liability
- Fluctuating demand for products/services
Opportunities
- Expanded role supporting customers in disease treatment
Reporting Standards
Frameworks Used: GRI, SASB, TCFD
Certifications: ISO 14001:2015, ISO 45001:2018
Third-party Assurance: Apex Companies, LLC (2020 GHG data)
UN Sustainable Development Goals
- Goal 3: Good Health and Well-being
- Goal 5: Gender Equality
- Goal 8: Decent Work and Economic Growth
- Goal 13: Climate Action
See page 18
Awards & Recognition
- FORTUNE World’s Most Admired Companies
- FORTUNE #1 Healthcare: Pharmacy and Other Services
- Six Human Capital Management Excellence Awards from the Brandon Hall Group
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate change
- Diversity and inclusion
- Data privacy
- Employee well-being
- Ethical conduct
- Clinical trial safety
- Healthcare access and equity
- Cybersecurity
- Employee development
Environmental Achievements
- Reduced Scope 1 and 2 emissions in both absolute and per employee terms
- Increased Scope 3 emissions reporting boundary
- Achieved first My Green Lab certification for Q2 Laboratory in Livingston, U.K.
Social Achievements
- Launched Career Connections platform, an AI-driven talent marketplace
- Expanded Future and Emerging Leader Programs
- Introduced T&L navigator, a chatbot service
- Promoted extensive training portfolio, with over 1.3 million visits and 1.8 million e-learning programs completed
- Launched IQVIA’s new Employee Value Proposition (EVP)
- Launched eighth employee Resource Group (ERG), the Disabilities and Careers Network
- Increased participation in ERGs by 40%
- Continued development and implementation of Black Outreach and Engagement (BOE) initiatives
- Improved patient outcomes through Decentralized Clinical Trials (DCT) program, achieving GDPR validation
- Launched self-collection lab panel
- Connected devices business added 50 net new customers
Governance Achievements
- Refreshed the leadership of Board Committees
- Implemented a majority voting standard
- Adopted stockholders’ right to request a special meeting
- Declassified the Board
- Made over 20 distinct enhancements to corporate governance program since 2020
Climate Goals & Targets
- Net zero emissions by 2050 from a 2019 baseline year
- Reduce absolute Scope 3 emissions by 46% by 2030 from a 2019 baseline year
- 69% of IQVIA suppliers will have a science-based target by 2028
- Reduce Scope 1 and 2 GHG emissions by 69% by 2030 from a 2019 baseline year
- Reduce business travel per FTE by 55% by 2030 from a 2019 baseline year
- Increase number of MGL certified labs
Environmental Challenges
- Supply chain disruptions due to climate events (implied)
- Maintaining data privacy in a large global organization
- Cybersecurity threats
- Addressing health disparities among diverse populations
- Reducing the environmental footprint of clinical trials
Mitigation Strategies
- Submitted Scope 1, 2, and 3 emissions reduction targets to SBTi for approval
- Implementing sourcing tools to improve diversity across the supply chain
- Investing in enhancing cybersecurity capabilities
- Implementing BOE initiative, ERGs, and diversity-focused learning opportunities
- Exploring solutions to reduce clinical trial emissions through the Innovation Hub
- Developing a new process to decontaminate and recycle glass vials
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct (covering environment, ethics & compliance, health & safety, labor & human rights)
Climate-Related Risks & Opportunities
Physical Risks
- Chronic physical impacts of climate change on human health (changes in disease rates, immunity, spread of infectious diseases, malnutrition, contaminated water)
Transition Risks
- Increased cost of raw materials
- Increased insurance claim liability
- Potential impact on revenue from fluctuating demand
Opportunities
- Increased demand to support customers in extended capacity due to rising disease rates
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC, SDGs
Certifications: ISO 14001, ISO 45001, My Green Lab
Awards & Recognition
- FORTUNE World's Most Admired Companies
- Brandon Hall Group Human Capital Management Excellence Awards (four awards)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Scope 3 emissions and overall decarbonisation of the supply chain
- Water scarcity and pharmaceuticals in the environment/antimicrobial resistance
- Lack of clear plans to reduce carbon emissions across the industry
- Lack of clarity on circularity hindering emission reduction targets
Mitigation Strategies
- Collaboration among industry players (e.g., PSCI, Together for Sustainability)
- Strengthening ties with upstream and downstream players
- Sharing supplier audits and assessments among members
- Clear communication of requirements from licence holders to suppliers
- Initiatives like Ferrer Pharma's Sustainable Packaging Model
- WHO's Operational Framework for Sustainable Healthcare Systems
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier sustainability requirements
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Ferrer Pharma's Sustainable Packaging Model
Awards & Recognition
- Not disclosed