Abcam Partners with EcoVadis to Support Sustainability across its Supply Chain

Sustainability

Cambridge, UK, 27 January 2021: Abcam (AIM:ABC; NASDAQ:ABCM), a global innovator in life science reagents and tools, today announced a sustainable procurement partnership with EcoVadis, the world’s most trusted provider of business sustainability ratings.

Together, the two companies will support sustainability across Abcam’s supply chain through proactive monitoring and assessment of supplier performance and risk. This collaboration follows the launch of Abcam’s sustainability framework in 2020, comprising ten commitments across four key areas: Product, People, Partner and Planet, and a commitment to uphold its ethical standards across its supply chain. This follows from Abcam’s original supplier and distributor Codes of Conduct that were published in 2017.

“Abcam’s supply chain provides a powerful lever through which we can achieve sustainable impact, and we want our suppliers to share our sustainability ethos. Through this partnership, we look forward to working more closely with our suppliers to ensure that they support our agenda – influencing business decisions and delivering value within a sustainable global marketplace.”

Nick Skinner,
SVP Human Resources and Global Sponsor for Corporate & Social Responsibility at Abcam

“Doing business with integrity is the responsibility of all our suppliers. Together we hold ourselves accountable for making the right choices and achieving the standard of values appropriate and proportionate to the size of their business.”

Diane Bolton,
Global Procurement Director at Abcam

EcoVadis’ platform and ratings will allow Abcam to proactively monitor, assess and benchmark supplier performance across key sustainability themes and collaborate with partners across the industry, while ensuring that sustainable practices are maintained and improved. EcoVadis’ methodology covers seven management system indicators and 21 sustainability criteria in four themes: environment, labor & human rights, ethics, and sustainable procurement – a vital set of business values that strongly align with the Sustainable Development Goals (SDGs).

“Every company has a role to play – and an opportunity – in building a more resilient value chain by embracing sustainable practices. Proactive supplier monitoring is foundational to any sustainable procurement journey, and we’re thrilled to partner with Abcam in its next phase of sustainable growth and value creation.”

David McClintock,
Marketing Director at EcoVadis

Whistle-blower protection
Abcam follows the letter and the spirit of all laws and regulations that apply to its business, this includes recognizing and complying with all legal protections offered to whistle-blowers in the UK, the US and other relevant jurisdictions.

About Abcam

As a global life sciences company, Abcam identifies, develops, and distributes high-quality biological reagents and tools that are crucial to research, drug discovery and diagnostics. Working across the industry, the Company supports life scientists to achieve their mission, faster.

Abcam partners with life science organizations to co-create novel binders for use in drug discovery, in vitro diagnostics and therapeutics, driven by the Company’s proprietary discovery platforms and world-leading antibody expertise.

By constantly innovating its binders and assays, Abcam is helping advance the global understanding of biology and causes of disease, which enables new treatments and improved health. The Company’s pioneering data-sharing approach gives scientists increased confidence in their results by providing validation, user comments and peer-reviewed citations for its 110,000 products.

With 13 sites globally, many of Abcam’s 1,500-strong team are located in the world’s leading life science research hubs, complementing a global network of services and support.

Founded in 1998 and headquartered in Cambridge, UK, Abcam’s ordinary shares are listed on the London Stock Exchange (AIM:ABC) and its American Depositary Shares (ADSs) trade on the Nasdaq Global Market (NASDAQ:ABCM).

About EcoVadis

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200 purchasing categories and 160 countries. Industry leaders such as Johnson & Johnson, Verizon, L’Oréal, Subway, Nestlé, Salesforce, Michelin and BASF are among the more than 75,000 businesses on the EcoVadis network, all working with a single methodology to evaluate, collaborate and improve sustainability performance in order to protect their brands, foster transparency and innovation, and accelerate growth.

Media contacts

External Communications
external.comms[a]abcam.com

How we do business with our suppliers is important to Abcam. We uphold strong ethics and values to maintain our integrity – and expect the suppliers we work with to do the same. That is why we are dedicating time and effort to set our sustainable procurement requirements. These outline our standards and expectations about what our suppliers need to comply with when doing business with us

More about Abcam’s sustainability initiatives in ‘Our Impact 2020’ report.

Sustainability

“Doing business with integrity is the responsibility of all our suppliers. Together we hold ourselves accountable for making the right choices and achieving the standard of values appropriate and proportionate to the size of their business.”

About Abcam

About EcoVadis

Media contacts

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