THERMO FISHER SCIENTIFIC
EY : A key strategic partner A pivotal partner for Thermo Fisher Scientific is EY .
“ Partnerships are incredibly important ,” Chris confirms . “ I think everybody needs to work together and that ’ s the way we ’ re approaching our sustainability work .”
EY is Thermo Fisher ’ s chosen partner on the assessment of the company ’ s readiness for the European Union ’ s Corporate Sustainability Reporting Directive ( CSRD ) including the Double Materiality Assessment activity . Introduced in 2023 , the directive aims to modernise and strengthen the rules concerning the social and environmental information that companies have to report . EY has helped Thermo Fisher to comb through more than 1000 disclosure requirements and data points across 12 standards to understand what the company will need to report on .
“ The regulatory landscape is changing all the time ” Chris explains . “ Because of this , we really need thought partners alongside us to help us parse out what this is going to mean for business . That ’ s where EY has helped us to move from exploring the new law that came onto the market to working out what this means for our business .”
Although Thermo Fisher is headquartered in the in the US and CSRD is a European legislation , the company recognises the importance of understanding , engaging with and reporting on CSRD , given its revenue streams in Europe .
Wind turbine at the Thermo Fisher site in Cork , Ireland
16 corporate . thermofisher . com