WuXi Biologics (2269.HK), a prominent global Contract Research, Development, and Manufacturing Organization (CRDMO), has proudly announced its recognition for exemplary corporate transparency and commitment to water security by the esteemed environmental non-profit CDP, securing its position on the prestigious annual ‘A List’.
Following the comprehensive assessment of data provided through CDP’s 2023 questionnaire, WuXi Biologics attained an outstanding ‘A’ grade in the Water Security category, placing it among the top 2% of the over 23,000 companies evaluated. Dr. Chris Chen, CEO of WuXi Biologics and Chairman of the ESG Committee, expressed his satisfaction, stating, “At WuXi Biologics, sustainability is fundamental to our business ethos, and we are delighted to be recognized on CDP’s 2023 A List for Water Security. This achievement underscores our significant strides in advancing water stewardship and sustainable growth through meticulous strategies and practices.”
Sherry Madera, CEO of CDP, extended congratulations to all companies on the A List, highlighting the commendable efforts of those who embarked on or expedited their journey toward environmental transparency in 2023. She emphasized the importance of disclosure as a precursor to demonstrating a genuine commitment to securing a net-zero, nature-positive future, noting a notable 24% increase in disclosures last year.
In 2023, WuXi Biologics elevated its target for reducing water consumption intensity from 18% to 30% by 2025, building upon the achievements of its initial target ahead of schedule, set against the base year of 2019. The company is steadfast in its endeavor to enhance corporate water management through innovative approaches and the adoption of cutting-edge toolkits, with a view to fostering long-term water security and generating positive societal impacts.
In recognition of its proactive sustainability endeavors throughout the past year, WuXi Biologics has garnered acclaim from various global rating agencies, including its inclusion in the S&P Dow Jones Sustainability™ World Index, an MSCI AAA Rating, and the prestigious EcoVadis Platinum Medal.
