THERMO FISHER SCIENTIFIC
“ With EY , the partnering here is one of learning together ,” Chris says . “ It ’ s proving to be really important from an external reporting perspective .” EY also provides technical consultation on other ESG-related regulations such as the EU Deforestation Regulation , Carbon Border Adjustment Mechanism ( CBAM ) and others .
In practical terms , the partnership has involved a gap analysis to the regulation and a double materiality assessment .
Chris reflects on the unique experience of navigating through a process where the playbook is being developed as they progress . This is because the implementation of sustainability practices is relatively new for many companies , including Thermo Fisher .
“ We ’ re learning , they ’ re learning and we ’ re both accepting feedback – it ’ s been very constructive as we ’ ve gone through the process . It ’ s been a positive engagement so far .
“ But if I think about CSRD generally , companies shouldn ’ t underestimate the work that ’ s involved .”
As Thermo Fisher continues to grow and refine its sustainability strategy , the future looks bright . The company remains dedicated to fostering strong partnerships , providing support to its customers , and championing sustainable practices throughout the supply chain . supplychaindigital . com 107