Fortrea Releases Inaugural Corporate Social Responsibility Report
October 17 2024 - 7:00AM
Fortrea (Nasdaq: FTRE), a leading global contract research
organization (CRO), today announced the release of the company’s
inaugural Corporate Social Responsibility report, “Fortrea for
Better.”
Available for download on Fortrea.com, the report describes
Fortrea’s environmental, social and governance (ESG) activities,
reported across four distinct sections:
- Fortrea for Life: Responsible Environmental Practices
- Fortrea for All: Responsible People Practices
- Fortrea for Good: Responsible Societal Practices
- Fortrea for Integrity: Responsible Governance Practices
“’Fortrea for Better’ reflects our dedication to minimizing our
environmental impact, supporting our employees and the communities
where we work, and following ethical governance practices in
everything we do,” said Sandy Kennedy, chief quality, regulatory
affairs and sustainability officer, who also chairs the company’s
ESG Steering Committee.
The report details Fortrea’s first-year accomplishments as an
independent public company. In one example, an old mail-order
warehouse in the UK was refurbished into a 100-bed clinic with
space for 300 employees. The site was recognized with an
environmental certification based on performance in energy
conservation, material usage, water consumption and waste
disposal.
Another area of focus is the company’s Employee Resource Groups
(ERGs), which are voluntary, employee-led groups of individuals who
identify with historically marginalized communities and share
common interests or experiences. They are designed to help members
feel welcome and comfortable to have open discussions in a safe
environment. There are presently eight ERGs at Fortrea, with almost
4,000 active members.
Fortrea’s CSR report also outlines the company’s future ESG
roadmap, a multi-year process that includes an established agenda,
oversight and reporting. Fortrea has joined the United Nations
Global Compact Initiative and committed to the Science Based
Targets Initiative. Chairman and CEO Tom Pike has joined more than
2,500 CEOs pledging to support DEI as signatories of the CEO Action
for Diversity & Inclusion™. Further, Fortrea recently made its
inaugural submission to EcoVadis, a globally trusted provider of
business sustainability ratings, and is developing its first
environmental report for CDP, a not-for-profit charity that runs a
disclosure system for environmental impact. Based on its
achievements and commitments to date, Fortrea is well positioned to
meet the required reporting regulations expected in 2026.
“I am very proud of the progress we’ve made in a relatively
short period of time,” said Tom Pike in his introduction to the
report. “It is a testament to the dedication of our employees who
have embraced our new culture with enthusiasm.”
About Fortrea
Fortrea (Nasdaq: FTRE) is a leading global
provider of clinical development solutions to the life sciences
industry. We partner with emerging and large biopharmaceutical,
biotechnology, medical device and diagnostic companies to drive
healthcare innovation that accelerates life changing therapies to
patients. Fortrea provides phase I-IV clinical trial management,
clinical pharmacology and consulting services. Fortrea’s solutions
leverage three decades of experience spanning more than 20
therapeutic areas, a passion for scientific rigor, exceptional
insights and a strong investigator site network. Our talented and
diverse team working in about 100 countries is scaled to deliver
focused and agile solutions to customers globally. Learn more about
how Fortrea is becoming a transformative force from pipeline to
patient at Fortrea.com and follow us
on LinkedIn and X (formerly Twitter).
Fortrea Contacts:
Hima Inguva (Investors) – 877-495-0816, hima.inguva@fortrea.com
Sue Zaranek (Media) – 919-943-5422, media@fortrea.com Kate
Dillon (Media) – 646-818-9115, kdillon@prosek.com
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