MSCI Honors WuXi AppTec with AAA Rating for Sustainability Leadership in Life Sciences
- WuXi AppTec earned an AAA rating from MSCI, becoming the first A-share life sciences company to achieve this distinction.
- The AAA rating from MSCI reflects WuXi AppTec’s strong performance in sustainability areas like Product Safety and Corporate Governance.
- WuXi AppTec previously held an AA rating from MSCI for four years, demonstrating consistent improvement in sustainability efforts.
WuXi AppTec Achieves Landmark AAA Rating from MSCI, Setting New Standards in Sustainability
WuXi AppTec, a prominent global provider of R&D and manufacturing services in the pharmaceutical and life sciences sectors, has recently attained an AAA rating from MSCI, marking a significant milestone as the first A-share listed company in the life sciences to receive this distinction. This prestigious rating underscores WuXi AppTec’s robust commitment to sustainability, reflecting its strategic focus on responsible growth aimed at fostering a healthier future. The AAA rating is awarded by MSCI, a leader in providing decision support tools for investors, based on comprehensive evaluations of a company's management of sustainability risks and opportunities.
The AAA rating from MSCI is a testament to WuXi AppTec’s exemplary performance in critical areas such as Product Safety and Quality, Human Capital Development, and Corporate Governance. Prior to this achievement, the company held an AA rating for four consecutive years, indicating a consistent trajectory of improvement and commitment to sustainability. Dr. Steve Yang, Co-CEO of WuXi AppTec, expresses pride in this recognition, highlighting the company's ongoing efforts to embed sustainability within its operational framework and to create long-term value for all stakeholders involved. This milestone not only positions WuXi AppTec as a leader in the life sciences sector but also sets a benchmark for other companies in the industry to aspire to.
In addition to the AAA rating, WuXi AppTec's sustainability credentials are further evidenced by its inclusion in the Dow Jones Sustainability Index for four consecutive years and its commendable ratings from various sustainability assessments. The company has achieved an A- Leadership rating in the CDP Climate Change assessment for three years and an A Leadership rating in the CDP Water Security assessment. Furthermore, WuXi AppTec has garnered recognition from Morningstar Sustainalytics as an Industry and Regional ESG Top-Rated Company, along with a Gold Medal in the EcoVadis sustainability rating. These achievements collectively reinforce the company’s reputation as a frontrunner in sustainability practices within the life sciences domain.
To elevate its sustainability initiatives even further, WuXi AppTec has received validation from the Science Based Targets initiative (SBTi) for its emissions reduction goals. The company actively engages in the United Nations Global Compact, aligning its operations with its ten principles that focus on human rights, labor, environment, and anti-corruption. This holistic approach to sustainability not only enhances WuXi AppTec’s operational resilience but also strengthens its market position in an increasingly environmentally conscious global landscape.
