Synlab Bondco PLC
17-March-2021 / 11:55 GMT/BST
SYNLAB International GmbH
Moosacher Straße 88
Munich, 17 March 2021
SYNLAB releases first Environmental, Social and Governance (ESG) Report
SYNLAB, the leading pan-European clinical laboratory and medical diagnostic services provider, today announced the release of its first public Environmental, Social and Governance (ESG) Report: “SYNLAB 360°: ESG at SYNLAB 2020“. The report provides an overview of the company’s ESG practices and commitments and highlights the progress made during 2020.
SYNLAB has grown significantly over recent years, and with its growth, SYNLAB has established ESG processes and reporting which focus on continuously improving the management practices as part of a long-term commitment towards all our stakeholders.
Within the ESG report, SYNLAB outlines various targets it has set for itself. Amongst these is 1) the focus to become a carbon-neutral business by 2025 and 2) plans to establishing a corporate foundation as a way to give back to the local communities in the countries it operates in. SYNLAB also aims to increase female representation in top and senior management positions by 2023. The company is putting its supply chain under closer scrutiny with steps to identify any human rights risks in the supply chain and is committed to keep it free from ethical and labour standards abuse. These are just examples of the full suite of ESG goals the company has set itself.
Overview of SYNLAB’s ESG principles
The report features how the company is addressing the ESG impacts that are most important to its business and stakeholders. It focuses on data through 2020 and the company’s global ESG priorities to date in three core areas:
“SYNLAB focuses on sustained and profitable growth whilst balancing the needs and expectations of our stakeholders”, said Mathieu Floreani, CEO of SYNLAB Group. “We recognise that we can only be economically successful in the long-term if we also manage environmental, social and governance (ESG) issues. Moreover, we strongly believe in ESG as an opportunity to drive innovation and business transformation.”
The ESG report is guided by external ESG frameworks, including the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB). It also outlines the company’s alignment with relevant United Nations Sustainable Development Goals, putting emphasis on the goals Good Health and Well-Being, Gender Equality, Decent Work and Economic Growth, Responsible Consumption and Production, and Climate Action.
To learn more about SYNLAB’s ESG efforts and to view the full report, please visit our website.
About SYNLAB Group
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End of Announcement – EQS News Service