Sustainability initiatives are collective efforts and programs built around Environment, Social, and Governance (ESG) strategies. These initiatives closely tie with all three aspects of the triple bottom line comprising people, planet, and profits.
In recent times, the focus on ESG has increased across industries, and life sciences is no exception. In fact, from its inception, the life sciences industry has sought to make a difference in the lives of patients and communities worldwide. However, sustainability-related themes and ESG efforts have gained strong traction during and after the pandemic. Investors, patients, and regulatory bodies are now demanding greater responsibility from life sciences enterprises, pushing them to broaden their sustainability initiatives.
In this viewpoint, we highlight the growing importance of sustainability in the life sciences industry, focusing on social sustainability as the key driver to build a purpose-driven ecosystem. The research will also assist enterprises in prioritizing sustainability initiatives and adopting a phased approach to become truly purpose-led organizations.
Scope
Industry: life sciences
Geography: global
Contents
In this viewpoint, we:
Highlight the growing importance of sustainability in the life sciences industry
The talent market has evolved rapidly following the pandemic, impacting every industry. The life sciences industry which was already grappling with issues such as talent scarcity, skill gaps, time-to-fill positions, and attrition had to face newer…
