Business
Maravai Lifesciences Releases 2023 Environmental, Social and Governance (ESG) Report
- Highlights progress across four priority areas and commitment to environmentally and socially responsible growth. - Conducted first stakeholder assessment
About this update from Maravai Lifesciences Holdings, Inc.
[{"type":"text","content":"- Highlights progress across four priority areas and commitment to environmentally and socially responsible growth. - Conducted first stakeholder assessment to identify and prioritize ESG issues that are most important for Maravai and our stakeholders. - Increased the scope of greenhouse gas (GHG) emissions reporting to include select Scope 3 emissions. - Expanded manufacturing production sites and launched the Analytical Sciences Center of Excellence to help customers accelerate critical therapeutic development. SAN DIEGO, July 02, 2024 (GLOBE NEWSWIRE) -- Maravai LifeSciences Holdings, Inc. (Maravai) (NASDAQ: MRVI), a global provider of life science reagents and services to researchers and biotech innovators, today announced the release of its 2023 Environmental, Social and Governance (ESG) report, which is now available on the Company’s ESG webpage: https://investors.maravai.com/esg. The new report covers the 2023 fiscal year and highlights the progress Maravai made in 2023 against four key topics: Product innovation, Our people, Governance leadership, and Sustainable growth. “As the new CEO of Maravai LifeSciences, I am tremendously proud to lead a company that has risen to big challenges and embraced its opportunities over the last few years,” said Trey Martin, Chief Executive Officer. “Our focus is now on driving diversified, sustainable growth for each of our businesses, and our ESG framework informs our strategy and approach to managing risk and opportunities. Throughout 2023 we strengthened the foundations of all areas of our ESG approach, which we believe are key to our long-term success.” Maravai prioritized its commitment to sustainability in 2023 by conducting its first enterprise-wide stakeholder assessment to identify and prioritize the ESG matters that are most important to the company and stakeholders. A key ESG advancement was the enhancement of accuracy for Scope 1 and 2 GHG emissions and expanding the scope to include select Scope 3 emissions. These advancements will enable Maravai to better evaluate how to make meaningful emissions reductions in the future. Additionally, the Company expanded its manufacturing production sites and launched the Analytical Sciences Center of Excellence to help customers accelerate critical therapeutic development. The 2023 ESG report was prepared in accordance with leading sust...