4 Inizio Sustainability Report 2023 Letter from our CEO, This is Inizio’s second year as acompany and I am delighted toReducing ourental impactenvironmcareer experience. We’ve set clearstandards and we’ll hold ourselvesa meaningful role through theservices we provide, by embedding introduce our 2023 Sustainability This year, we set a target to reach collectively accountable for how a health equity lens in all of our Paul Taaffe Report. During 2023, we have madesignificant progress in implementingNet Zero carbon emissions in ouroperations and all of our value chainwe bring the best to, and out of,our 10,000-plus employees.client engagements, with at least20 projects already underway. our Sustainability Strategy and by no later than 2040. Underpinning throughout this journey we remain this commitment, we have developed We’ve also advanced our diversity, Strong governance is committed to assisting our clients near-term science-based targets equity, and inclusion (DEI) Strategy, as essential for delivery with their challenges, from the cost across Scope 1, 2, and 3 emissions, we can only develop solutions to our Effective governance underpins of drug creation to the difficulty of validated by the Science Based clients’ complex problems if we have everything we do. We’re now very getting reimbursed and reaching Targets initiative (SBTi). people from all walks of life, with close to where we set out to be, patients who need life-changing different perspectives and lived having introduced a wide range of medicines. We remain focused on Our fleet and office energy use are experiences. We already have a policies and training that reinforce the strategies that will help us to the main sources of our operational powerful combination of people with our internal controls, as we work deliver for them and our other emissions. We’re doing well with scientific PHDs, MBAs and data towards Sarbanes–Oxley compliance. stakeholders in the years ahead. switching our fleet to electric or analysts, nurse practitioners, We’ve also strengthened our hybrid vehicles, as existing leases economists, and creative people, all organization by creating an Executive Sustainability is one of these expire, although it’s easier to do this across the globe. Our culture is built on Council and several other councils business imperatives. Increasingly, in Europe than the US, where we inclusion to empower the diverse with specific responsibilities, such our clients are demanding partners have many people working in more perspectives within our organization. as overseeing pricing or risk. with proven Environmental, Social, rural areas with limited charging We now have a dedicated leader for and Governance (ESG) credentials, infrastructure. We’ve also begun to DEI and a charter that’s been validated Effective oversight and decision- as they look to futureproof their own engage with our office landlords on by our Board, and have invested in DEI making need robust data. We’ve businesses. The talented people procuring renewable energy. While capabilities across the organization. done well with improving the data we need also want their work to be this is outside our control, as we don’t under our control, such as on our meaningful, by making the world own the buildings and some locations Health equity has been a particular environmental performance, and a better and healthier place. At the lack the necessary grid structure, at focus for us this year. We’ve we’ll look to continue to improve our same time, we recognize that the the end of 2023 80% of our electricity participated in more programs to demographic information, to help skills we have can drive huge social came from renewable sources, which commercialize more drugs than any us make informed decisions on DEI. benefits in areas such as health is a stellar achievement in year one. other company, which gives us real equity, which has the potential In addition, we’ve joined a program insight into what works well and Looking ahead to improve millions of lives. called Energize, which brings together where gaps remain. One of the Building a sustainable business is a major pharma companies to promote biggest opportunities is to connect multi-year journey and we’re still at an Having formalized our sustainability renewable energy purchasing. our clients’ life-saving medicines to early stage. In the coming year, we’ll strategy in 2022, we’ve made underserved populations. We can also look to transition more of our fleet to substantial progress in 2023. Helping our people help companies to reach patients in low-carbon vehicles and work with “As a science-based business, we’re methodicalAs a science-based business, we’re andsociety to thrive niches such as rare diseases, while our landlords to buy more renewable methodical and data-driven, and making clinical trials more diverse, energy. We’ll also seek to work more and data driven, and we’ve taken a big stepwe’ve taken a big step forward withWe’ve invested a lot of time in thus leading to better medicines for closely with our largest suppliers on forward with defining our baselines and defining our baselines and setting developing ou People Promise,r everyone. Tackling health inequities which is a commitment to a clear decarbonization initiatives. On the targets. That’s led to the many is both a great challenge and an social side, we’ll continue to embed setting emission reduction targets.” highlights of 2023 in this report. value proposition for the talented important societal priority that DEI in our business and aim to people at Inizio. It’s designed to make requires a comprehensive approach Paul Taaffe, people want to spend their time at achieve critical mass in our health and partnership across the healthcare equity work for clients during 2024. Chief Executive Officer Inizio and to give them a meaningful ecosystem. We’re determined to play