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
• Share Everest Group’s sustainability maturity framework
• Focus on social sustainability and help enterprises prioritize initiatives
• Recommend a phased approach to continuously generate value from sustainability initiatives

Membership(s)

Life Sciences Information Technology

Sourcing and Vendor Management