We are committed to managing our business in a sustainable way, investing responsibly and supporting our portfolio companies in making positive contributions to society by developing treatments that will make a difference to the lives of patients and their families.
We aim to have effective governance, a strong business culture, clear values and positive engagement with our wider stakeholders and society through our work in life sciences and our support for charity. We are actively engaged with our portfolio companies as they seek to build sustainable businesses.
“We believe our sustainability agenda is important in ensuring our business and our portfolio companies are able to deliver on our shared mission – to get products to patients who really need them.”
Key pillars of our Sustainability Policy
We have engaged with our key stakeholders to understand the sustainability issues which are most material to the business. The outcome of the materiality assessment has been used to develop our Sustainability Policy which focuses on four key pillars.
Sustainability Report 2023
Our Sustainability Report outlines our Sustainability Policy, our approach to Responsible Investing, how we will manage sustainability issues within the portfolio and covers our activities for the 2022/3 financial year.
Our approach to reporting
Making and demonstrating a positive contribution to the UN Sustainable Development Goals (SDGs) is a key part of our approach to reporting on sustainability. The four key UN SDGs which our business is well-aligned with are:
Ensure healthy lives and promote well-being for all at all ages
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
Take urgent action to combat climate change and its impacts
Syncona is a signatory to the UN PRI
Syncona first became a signatory to the UN PRI in October 2021, underlining its commitment to reporting on its responsible investment approach. The PRI is recognised as the world's leading network for investors who are committed to integrating sustainability factors into their investment and stewardship practices. The Principles are aligned with the work being undertaken by Syncona as we engage with our portfolio companies on issues around sustainability in-line with our Responsible Investment Policy. For more details, see our responsible investor and partner pages.
Reporting in-line with the recommendations of the Task Force on Climate-related Financial Disclosures
The TCFD recommendations ask companies to assess how they may be exposed to the physical risks of climate change, as well as the transition risks which could impact companies as there is a forced transition towards a green economy. Although Syncona remains out of scope for mandatory TCFD reporting, it began reporting against the TCFD guidelines in FY2021/2 to underline its commitment to a comprehensive sustainability reporting framework.
For more information, please see our TCFD summary disclosure.
The Syncona Foundation
The Syncona Foundation was set up in 2012 with charitable objectives focusing on the prevention, treatment, cure and ultimately eradication of cancer and other diseases, as well as other charitable activities