Executive Summary

Tecan carried out a double materiality assessment in 2023, evaluating both the financial impact of external sustainability factors on Tecan’s business performance (‘financial materiality’) and the social and environmental impacts of Tecan’s business on society (‘impact materiality’). With extensive input from stakeholders, the assessment confirmed and added to the previous analysis carried out in 2021 and identified a total of eleven topics, each of which is described in this report. Each material topic has related actions to ensure effective management of the risks and opportunities it presents. Some material topics, such as Product Quality and Safety, have long been recognized as vital to Tecan’s business and have detailed associated policies and internal measurement of achievements. Other topics, such as Circular Economy, are at an earlier stage of integration into Tecan’s business practices. This summary provides the goals and key 2023 achievements in each area. In 2024, in addition to pursuing the goals set out below Tecan will complete TCFD (Task Force on Climate Related Financial Disclosures) analysis and reporting and strengthen processes for the collection and management of sustainability related data.

Focus: Reducing the greenhouse gas emissions generated by our business activities

Goal: Overall Net Zero Target: Tecan Group Ltd. commits to reach net-zero greenhouse gas emissions across the value chain by 2050.

• Near-Term Targets: Tecan Group Ltd. commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2022 base year. Tecan also commits to increase active annual sourcing of renewable electricity from 34% in 2022 to 100% by 2025, and to continue active annual sourcing of 100% renewable electricity through 2030. Tecan finally commits to reduce absolute scope 3 GHG emissions 42% by 2030 from a 2022 base year.
• Long-Term Targets: Tecan Group Ltd. commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by 2050 from a 2022 base year.

Focus: Transitioning from a linear economic model to a circular economy, e.g. by implementing eco-design principles in product research and development, optimizing the percentage of recycled content in our products and packaging, optimizing product lifespan and identifying and pursuing other opportunities to reduce waste 

Goal: Reduced waste throughout our value chain

Focus: Our customers and partners are at the core of all our business activities 

Goal: High customer satisfaction and a prompt response to customer requests

Focus: Promoting employee learning and development, and a positive workplace culture

Goal: Being the employer of choice in our industry 

Focus: Having a work environment founded on equity and fair treatment, with processes and practices that foster equal access to opportunities for everyone, and an inclusive culture where all individuals are welcomed, respected and can thrive in a psychologically safe environment 

Goal: A diverse workforce, recognizing each individual’s uniqueness and reflecting society’s diversity at all levels

Focus: Ensuring the health and safety of Tecan’s employees

Goal: To fully implement Tecan’s Global Health & Safety program, replacing our current local H&S systems

Focus: Striving for excellence in product quality and safety by taking the time to fully understand our customers’ needs, always complying with national and international requirements, implementing those requirements in our products and our organization, and providing long-term customer care

Goal: To continuously improve the quality of our products and processes and ensure compliance with and the effectiveness of our quality management system

Focus: Consistently demonstrating good business practices, including in areas such as anti-bribery and anti-corruption, risk management and reporting

Goal: Consistent adherence throughout Tecan to the spirit and provisions of our Code of Conduct

Focus: Ensuring the confidentiality, integrity, and availability of data (e.g., customer and employee data), and protecting this data from unauthorized access, use, or disclosure

Goal: A cybersecure environment for every aspect of Tecan’s business

Focus: Provide an enabling environment for product and service innovation, from improvements to disruptive or breakthrough innovations

Goal: Grow Tecan’s business through product and service innovation

Focus: Managing the social, governance and environmental impacts of our procurement activities.

Goal: A value chain conforming to Tecan’s standards as set out in our Supplier Code of Conduct