Lund, S.E., March 20, 2024 – TFS HealthScience (TFS), a leading global Contract Research Organization (CRO), announced a noteworthy milestone in its commitment to environmental transparency and sustainability. In line with its dedication to responsible business practices, TFS has improved its Carbon Disclosure Project (CDP) scoring from ‘D’ to ‘C,’ showcasing enhanced efforts in environmental impact management. The CDP is a global nonprofit that runs the world’s leading environmental disclosure platform.
With a recorded 23,000+ companies disclosing through CDP in 2023, disclosing data on environmental impact is now a business norm. TFS’s data will be added to the most comprehensive inventory of self-reported environmental data in the world – helping to drive action through greater transparency.
Kajsa Petersson, Internal Communications, Culture and Sustainability Director at TFS, said, “We are honored to receive CDP recognition for our commitment to environmental transparency. Our dedication to disclosure stems from our commitment to delivering high-quality clinical research responsibly, fostering the long-term success of the healthcare industry – providing life-saving care to patients globally.”
By disclosing through CDP, TFS is prepared to respond to the increasing demand for environmental transparency from financial institutions, customers, and policymakers. In its disclosure, TFS shared information on past, current, and future strategies for identifying and addressing the company’s environmental impact.
“We believe that implementing sustainable strategies is an integral part of our business activities. Having our efforts recognized by CDP motivates us to continue on the path to a greener, healthier, more sustainable future for all,” said Patrik Darsund, Chief People Officer, at TFS.
TFS showcases its commitment to environmental sustainability by leveraging advanced, automated data collection platforms and intelligent travel emission tracking software, highlighting its proactive stance. Already engaged in setting science-based emissions targets through the Science Based Targets initiative (SBTi) for 2025, the company aims at enhancing sustainable procurement, investing in renewable energy, and optimizing energy-efficient operations. This commitment is further evidenced by its consistent Silver Rating from EcoVadis, placing it within the top 8% of 1.6 million companies in 2023, marking a notable rise from the top 15% in 2022.
Sherry Madera, CDP’s Chief Executive Officer, stated, “With over 23,000 businesses disclosing through CDP this year, it is clear that sustainability, and the data that underpins it, is an essential part of long-term success in the business community. Disclosure works, and today we should take a short pause to celebrate the dedication to transparency and accountability shown by TFS HealthScience reporting through CDP this year. By sharing their environmental data with CDP, TFS HealthScience is continuing, an environmental journey that will contribute to keeping that future in sight.”
The full list of companies disclosing through CDP can be accessed here: https://www.cdp.net/en/responses
About TFS HealthScience
TFS HealthScience is a full-service, global Contract Research Organization (CRO) that supports biotechnology and pharmaceutical companies throughout their entire clinical development journey. In partnership with customers, we build solution-driven teams working towards a healthier future. Bringing together nearly 800+ professionals, TFS delivers tailored clinical research services in more than 40 countries with flexible clinical development and strategic resourcing solutions across key therapeutic areas, including Dermatology, Immunology & Inflammatory Diseases, Internal Medicine, Neuroscience, Oncology & Hematology, and Ophthalmology.
Detailed information about TFS and its business offerings can be obtained through www.tfscro.com
About CDP
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states, and regions. Founded in 2000, CDP works with more than 740 financial institutions with over US$137 trillion in assets. They have pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, reduce greenhouse gas emissions, safeguard water resources, and corporate procurement to motivate companies to disclose their environmental impacts, reduce greenhouse gas emissions, safeguard water resources, and protect forests. Over 25,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two-thirds of global market capitalization – and over 1,100 cities, states, and regions.
Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable, and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda, and the Net Zero Asset Managers initiative. Visit ww.cdp.net to learn more
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