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HONG KONG, Sept. 23, 2024 /PRNewswire/ -- WuXi Biologics ("WuXi Bio") (2269.HK), a leading global Contract Research, Development and Manufacturing Organization (CRDMO), today announced that it has been included in the Hang Seng ESG 50 Index, making it the only pharmaceutical company selected this year. The Index became effective September 9, following the Hang Seng Indexes review results announcement in August.
Launched in 2020, the Hang Seng ESG 50 Index aims to capture the performance of Top 50 ESG leaders with relatively high market-capitalization listed in Hong Kong. Since 2014, the Hang Seng Indexes Company has engaged the Hong Kong Quality Assurance Agency (HKQAA), an independent and professional assessment body, to conduct an annual evaluation of the sustainability performance of listed companies. The sustainability ratings serve as a valuable indicator of corporate ESG performance and are a key criterion for the formulation of ESG indexes, including the Hang Seng Corporate Sustainability Index Series and the Hang Seng ESG 50 Index. These ESG indexes provide benchmarks for sustainability investments.
In the newly-published 2024 HKQAA Sustainability Ratings results released in late August, WuXi Biologics earned a rating of A, with a Top 10% performance among industry peers in such areas as corporate governance, human rights, labor practices, environment, community involvement and development.
Dr. Chris Chen, WuXi Biologics CEO and Chairman of the ESG Committee, commented, "We are very pleased to be included in Hang Seng ESG 50 Index, a recognition that underscores our ongoing commitment to enhancing our ESG capabilities. Moving forward, we will steadfastly follow our ESG strategy and further advance the company's sustainable development to deliver consistently strong performance for the common good of the global community."
In line with the United Nations Sustainable Development Goals, WuXi Biologics has been making significant progress in pursuing sustainable development and socially responsible policy initiatives. Demonstrating its commitment, the company is a signatory to the United Nations Global Compact, as well as the global Science Based Targets initiative (SBTi) commitment letter.
The company's efforts have been recognized by major ESG rating agencies. It was granted an "AAA" rating from MSCI ESG Ratings; awarded the distinguished Platinum Medal by EcoVadis; included in the DJSI World Index and Emerging Markets Index; named to the MSCI ESG Leaders Indexes; recognized as an Industry and Regional Top-Rated Company by Sustainalytics; named to the CDP Water Security "A list" and awarded an "A-" CDP Climate Change score; and named a Constituent of the FTSE4Good Index Series.