Month: June 2023

This episode of ESG Talk features Chad Reed, vice president of strategic initiatives and ESG at HASI, the first public company to report avoided emissions. Chad shares how his team calculates its “carbon count” metric, the critical role coalitions play in sustainability reporting, and why HASI has doubled down on double materiality.

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In its 2022 ESG Report, Moderna provides an update on how it is advancing its ESG strategy against five guiding focus areas for ongoing and future efforts:

Medicines for patients
Employees
Environment
Community
Governance and ethics

The report also includes updates to the progress Moderna has made to date:

156% increase in tracked volunteer hours from 2021
63% employee participation rate in volunteering and/or giving
$7.8M in grants by the Moderna Foundation
$4M focused on improving health systems and healthcare in sub-Saharan Africa
Moderna also announced key progress in 2022 for its Global Public Health Strategy to:

Advance vaccines targeting 15 pathogens identified as the biggest public health risks into clinical studies by 2025 – 12 priority pathogens currently in research and development
Launch mRNA access – 9 institutions participating today
Expand regional manufacturing – 4 new facilities announced in Australia, Canada, Kenya, and the United Kingdom

The Company also announced reported on how, as it continues to scale as an organization, it is creating an environment that is rooted in a strong sense of belonging:      

Moderna’s team represents 34 different nationalities, and its workforce is 50 percent female with women comprising 41 percent of Moderna executives
Moderna also continued to work to increase racial and ethnic representation in its U.S. workforce in 2022

Understanding that human health and planetary health are interconnected, Moderna affirmed its prior commitments by establishing its environmental sustainability strategy based on three pillars.

Decarbonize value chain: Moderna has committed to define a near-term science-based target and evaluate a long-term Scope 3 target to minimize the impact to the environment from its value chain, establishing its 2021 GHG Scope 3 baseline
Natural resource conservation: Moderna has initiated internal energy audits to find efficiency opportunities and identify fossil fuel-fired equipment for replacement in pursuit of its net-zero carbon emissions commitment
Sustainability by design: Moderna has also committed to LEED certification (or equivalent) for new sites and buildings, targeting a 92% reduction in fossil fuel use and 10% reduction in embodied carbon in Moderna’s new HQ and R&D operations building in Cambridge, MA

To read more, please visit: https://www.modernatx.com/responsibility/our-commitment
 
Media Contact:
Katherine O’Malley
Executive Director, Communications

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