Charles River Laboratories is a leading global provider of essential products and services to help accelerate the drug discovery and development process. The company operates in the Contract Research sector and has been providing innovative solutions to the pharmaceutical, biotechnology, and medical device industries for over 70 years.
As a global leader in the Contract Research sector, Charles River Laboratories has a strong commitment to sustainability and decarbonisation. The company recognizes the importance of reducing its carbon footprint and has set ambitious targets to achieve this goal. Charles River Laboratories has implemented a range of initiatives to reduce its energy consumption and greenhouse gas emissions, including the use of renewable energy sources.
One of the key initiatives that Charles River Laboratories has undertaken to reduce its carbon footprint is the implementation of a corporate energy strategy. The company has developed a comprehensive energy management program that includes energy efficiency measures, renewable energy projects, and the use of corporate power purchase agreements (PPAs).
Corporate PPAs are a key component of Charles River Laboratories' energy strategy. These agreements allow the company to purchase renewable energy directly from a renewable energy project developer. By entering into a PPA, Charles River Laboratories is able to secure a long-term supply of renewable energy at a fixed price, which provides cost certainty and reduces the company's exposure to energy price volatility.
In addition to PPAs, Charles River Laboratories has invested in a range of renewable energy projects. The company has installed solar panels at several of its facilities, which generate clean energy and reduce the company's reliance on grid electricity. Charles River Laboratories has also invested in wind energy projects, which provide a source of renewable energy for the company's operations.
Charles River Laboratories' commitment to sustainability and decarbonisation is reflected in its corporate culture. The company has a dedicated sustainability team that works to identify and implement initiatives to reduce the company's environmental impact. Charles River Laboratories also engages with its employees, customers, and suppliers to promote sustainability and encourage the adoption of sustainable practices.
Overall, Charles River Laboratories is a leading global provider of essential products and services to help accelerate the drug discovery and development process. The company's commitment to sustainability and decarbonisation is reflected in its comprehensive energy management program, which includes the use of renewable energy sources, corporate PPAs, and energy efficiency measures. Charles River Laboratories is a leader in the Contract Research sector and is committed to driving innovation and sustainability in the pharmaceutical, biotechnology, and medical device industries.