Environmental, Social, and Governance (ESG)
Our Commitment
Delivering Long-Term Sustainability
Aligned with our mission to create healthier communities, LabConnect embraces Environmental, Social and Governance (ESG) principles in all aspects of our global business. Our strategy and approach ally with the United Nation’s Sustainable Development Goals for long-term sustainability.
About UsOur Mission
We create healthier communities by accelerating the development of new medicines for patients
around the world.
Environmental
Creating healthier communities, and a healthier planet.
Social
United in making a positive impact on the world.
Governance
Operating responsibly to enable a safe and healthy future.
4%
kit supply wastage, down from 72%
How LabConnect Makes a Positive Impact
Our unique and nimble business model leverages the footprint of existing labs allowing us to expand our global reach without additional carbon impact to the environment. And our quick and efficient solutions for clinical lab kit production removes waste from the clinical trial process.
Global Recognition
LabConnect completes a thorough assessment of its business sustainability practices each year through EcoVadis, the global standard for business sustainability ratings. The EcoVadis assessment includes 21 sustainability criteria across four core themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement.
In June 2024, we were awarded a Bronze Medal for Sustainability Rating, ranking LabConnect as top 35% of companies globally.
SBTi approves LabConnect’s Net Zero Commitment
As an important milestone in our sustainability journey, we’re proud to share that LabConnect has committed to set near-term science-based targets to reduce company-wide emissions in alignment with the Science Based Targets initiative (SBTi) net-zero framework.
The SBTi enables companies worldwide to combat the climate crisis by developing standards, tools, and guidance in line with what is necessary to stabilize temperature increase at 1.5°C and reach net-zero by 2050.