Thermo Fisher Scientific : CSR Report

2020 Corporate Social Responsibility Report

The world leader in serving science

About this report

Our Corporate Social Responsibility (CSR) report reflects our commitment to society, to our stakeholders and to environmental, social and governance issues. The content is presented in line with our CSR strategy, which is focused in four key pillars:

Operations, Colleagues, Communities and Environment.

Except where otherwise noted, this publication contains insights into our CSR-related programs, achievements and performance for the calendar year from January 1 to December 31, 2020. We considered the Global Reporting Initiative (GRI) Sustainability Reporting Standards, the CDP (formerly known as Carbon Disclosure Project) and the Sustainable Development Goals (SDGs) in the development of our report, with additional references to two frameworks: the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD). See Appendices 1-3 for more information.

As a member of the United Nations (UN) Global Compact - a voluntary leadership platform for responsible business practices - Thermo Fisher Scientific is committed to aligning our strategy, culture and operations with the organization's Ten Principles on human rights, labor, environment and anti-corruption. This report serves as our UN Global Compact Communication of Progress for 2020.

For questions or comments regarding this report or Thermo Fisher's CSR approach, please contact us at [e-mail].

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Contents

About this report	2
From our CEO	3
Our Company	4
Our CSR commitment	6
Our COVID-19 response	12
Operations	14
Colleagues	20
Communities	28
Environment	36
Appendices	42

From our CEO

In a world that continues to face significant health, economic, social justice and humanitarian challenges, I couldn't

be prouder of Thermo Fisher's role in addressing them. We are the world leader in serving science, and our responsibility encompasses both our commitment to our customers and the impact we have through our business practices and involvement in the global community.

Our driving force is our Mission: to enable our customers to make the world healthier, cleaner and safer. Our 90,000 colleagues are incredibly passionate about that purpose, and I'm so grateful to them for what they do every day. As a tribute, we have featured many of our colleagues on the cover of this report.

The global pandemic is one of the most profound examples of how we fulfill our Mission, and as we publish this report in 2021, we continue to play a central role in the response - enabling research of the virus, delivering the gold standard in diagnostic testing, protecting those on the front lines and supporting the development, production and distribution of vaccines and treatments.

In addition to enabling the societal response to the pandemic, we've also stepped in directly to support communities hardest hit. For example, earlier this year we donated $10 million in monetary support and urgently needed products to help India bring the health crisis under control. In 2020, we launched the Just Project with a donation of $25 million in diagnostic instruments, test kits and related supplies to support the safe reopening of historically

Black colleges and universities (HBCUs) in the US. We established the Just Project to leverage our industry position to drive social justice. Through this national partnership, we've committed to hiring at least 500 HBCU graduates through 2023.

We're creating additional opportunities by investing $30 million to establish our Foundation for Science, which amplifies our longstanding support for STEM education, particularly in underserved communities.

Our responsibility to society also extends to protecting the planet. We recently committed to achieving net-zero carbon emissions by 2050, in addition to our earlier commitment to reduce our carbon emissions by 30% by 2030. We're making progress by reducing energy use in our facilities, developing greener products and helping our customers achieve their own environmental stewardship goals.

Of course, our social impact starts right here inside Thermo Fisher with the kind of environment we are creating for our colleagues. We have a culture where unique backgrounds and perspectives are valued, and our colleagues are inspired to bring their best every day.

We continue to strengthen our culture by listening to and acting on colleague feedback. One way we do this is through our annual Employee Involvement Survey, which drew record participation in 2020. One of the key themes from the feedback is that our pandemic response has fueled a greater sense of belonging and purpose among our colleagues, and this mindset is making our Company even stronger.

It's great to see Thermo Fisher continually recognized as a great place to work, and once again Fortune has named us one of the World's Most Admired Companies.

While those recognitions are gratifying, what's even more important is how we measure ourselves. In 2020, we completed a comprehensive assessment to understand the environmental, social and governance issues that matter most to our business and our stakeholders. As you would expect, quality, diversity and inclusion, talent management, community impact and climate change are strategic priorities, and we are taking action to increase transparency in managing and reporting on them. You'll see that reflected in this and future reports.

Operating with integrity and delivering on our responsibility to make the world a better place is not just the right thing to do. It also makes us a better partner for all of our stakeholders. I invite you to read more about our contributions in this report. It's a true reflection of who we are.

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Our Company

Thermo Fisher Scientifi c Inc. (NYSE: TMO) is the world leader in serving science, with annual revenue of approximately $35 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies or increasing productivity in their laboratories, we are here to support them. Our global team has grown to more than 90,000 colleagues* and delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientifi c, Applied Biosystems, Invitrogen, Fisher Scientifi c, Unity Lab Services and Patheon. Read more about Thermo Fisher in our latest Annual Report.

Our performance

Extraordinary 2020 results continue our track record of outstanding performance

15%

ENVIRONMENT COMMUNITIES COLLEAGUES OPERATIONS

$1.2B	300+
research and development	customer projects supported
(R&D) spend	for COVID-19 vaccine and
	therapy development

40%	40%
of global leadership	of global colleagues
hires are women	are women
2,900	$30M
nonprofi t organizations	invested in Thermo Fisher Scientifi c
supported	Fund: The Foundation for Science
>95%	32
cold storage refrigerants	sites working toward zero waste
converted to natural alternatives	(100% diversion from landfill)

$1.3B+

spend with small and diverse businesses

47%

of positions are fi lled internally

100+low- and middle- income countries supported through our COVID response

54

greener product categories

		35%					$32.2B
15%	$32.2B	Complementary segments			$24.4B	$25.5B
Analytical instruments		$20.9B
	Revenue	Specialty diagnostics	$18.3B
		Life sciences solutions
		Laboratory products	2016	2017	2018	2019	2020
	35%	and services
			Revenue in billions

Our values

Thermo Fisher's 4i Values of Integrity, Intensity, Innovation and Involvement make up our culture and guide the interactions of our colleagues

- with our customers, suppliers and partners, communities and each other. These four values are foundational to our CSR approach.

Integrity	Intensity	Innovation

Integrity:	Intensity:	Innovation:	Involvement:
Honor commitments,	Be determined to deliver results	Create value by transforming	Make connections to work as
communicate openly and	with speed, excellence and a	knowledge and ideas into	one global team, embracing
demonstrate the highest	passion to succeed	differentiated products and	unique perspectives and treating
ethical standards		services for our customers	others with dignity and respect

* Number of colleagues at time of publication.

Innovation

The nature of our business is to facilitate growth and innovation within the global scientific community and to help researchers, organizations and companies solve some of the world's most pressing issues. In 2020, innovation powered our pandemic response and established our global leadership in enabling research of the virus, delivering the gold standard in testing, and supporting the development, production and distribution of vaccines and therapeutics. In addition to an expanded portfolio of COVID-19-related products and services, our $1.2 billion investment in research and development also produced novel technologies to strengthen our

leading positions in analytical instruments, biosciences and bioproduction. Through a challenging environment, we accelerated the execution of our growth strategy with new solutions to create an even brighter future for our Company, our customers and for society.

$1.2B

$1.0B $1.0B

$0.9B

$0.8B

2016 2017 2018 2019 2020

Investment in research and development

Pioneering technologies to reduce the spread of disease during a global health crisis

To save lives and protect livelihoods, reliable COVID-19 testing has been critical. Addressing the global demand, Thermo Fisher introduced a highly automated real-time PCR solution in October 2020. The Thermo Fisher Scientific™ Amplitude™ Solution was designed to analyze up to 8,000 samples in a single day, allowing laboratories to double or even triple their testing capacity. This high- throughput innovation has scaled worldwide testing capacity, providing a means to address the needs of companies, schools, universities and communities, with the goal of safely returning to pre-pandemic life.

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Our CSR commitment

CSR strategy

Our products, technologies and services benefit the environment and society globally, but creating a better world starts with the way we run our business. We take deliberate actions to address sustainability issues today in order to strengthen our business for tomorrow's customers, colleagues and communities.

Committed to doing business the right way, we focus our CSR approach in four key pillars that are aligned with our business model, strategy and values.

CSR approach and governance

Corporate Social Responsibility is deeply imbedded in our	two functions coordinate the strategy, processes and reporting
company strategy. We employ a CSR business process	for environmental, social and governance topics, directing
that is iterative and powered by our culture of continuous	Thermo Fisher's commitment to sustainability throughout
improvement. This approach enables ongoing development and	the Company. This includes collaborating across business
refinement of our strategy and priorities as we continue on our	units and functional teams to integrate corporate social
sustainability journey.	responsibility principles into daily operations and practices, as
Our CSR team propels the enterprise-wide corporate citizenship	well as communicating with external stakeholders to bring those
perspectives into our strategic planning and decision-making.

Operations	Colleagues	Communities	Environment
Leveraging our capabilities to	Providing resources and	Making a difference worldwide	Innovating to serve our
support our customers, while	embracing unique perspectives	with an emphasis on promoting	customers while actively
conducting our business and	to reach our full potential as	STEM education	minimizing our own global
relationships with integrity	one global team		footprint

Our focus on Operations, Colleagues, Communitiesand Environmentenables us to drive long-term value by providing high-quality products for our customers, creating a great place to work for our colleagues, delivering strong returns for our shareholders, making a difference in our communities and reducing our impact on the environment. Together, our investments in technology, products and people help to ensure sustainable growth and create positive change for the world.

framework and sits within the Strategy and Corporate
Development group, led by a member of the Company	Board-level governance for our sustainability efforts is held within
leadership team. Together with the Corporate Secretary, these	our Nominating and Corporate Governance Committee.

Board of Directors	The Nominating and Corporate
	Governance Committee oversees the
	company's responsibility, sustainability
Chairman, President and CEO	and governance eorts.

Senior Vice President, Strategy	Senior Vice President	The CSR function and Corporate Secretary
and Corporate Development	and General Counsel
champion and coordinate our commitment
		to ESG topics driving strategy, processes,
		and reporting. This includes collaboration
Corporate Social	Corporate Secretary	and integration with corporate functions and
Responsibility	engagement with external stakeholders.
Global businesses and colleagues	Businesses integrate policies and
programs, implementing initiatives with

involvement from all colleagues.

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Contributing to the Sustainable Development Goals

The Sustainable Development Goals (SDGs), adopted by the United Nations, represent a universal call to action to end poverty, protect the planet, and ensure prosperity for all. Outlining 17 goals and 169 targets, the SDGs provide governments and businesses a clear framework for achieving sustainable development by 2030. As the world leader in serving science, Thermo Fisher is deeply committed to taking action that addresses these global goals.

Our priorities

Through our everyday business, we contribute to a wide range of SDGs. The following examples highlight how our Company is supporting a subset of those goals, shown on this page. Our primary focus is SDG 3 - Good Health and Well-being - which closely aligns with our business and allows us to contribute to sustainable value creation for science and for society.

Sustainable Development	Strategic	Featured 2020
Goals (SDGs)	alignment	contributions
	Our Mission is to	• We are fighting COVID-19 in low- and middle-income countries (LMICs) as part
	enable our customers	of a global pandemic response consortium. Partnering with a robust network
	to make the world	of leading experts, policy makers, bilateral agencies and public health and
	healthier, cleaner and	humanitarian aid organizations, we are delivering an integrated solution for the
	safer. Our products	equitable distribution of tests, therapeutics and vaccines.
	and services are	• Our forensic DNA technologies make the world safer. They have globally
Ensure healthy lives and	designed to benefit
supported criminal investigations for over 30 years and are essential to
promote well-being for all	society globally, while
upholding the pursuit of justice. Our solutions solve and prevent crimes,
at all ages.	our commitment
including sexual assaults and human trafficking, and they also exonerate the
	to innovation
	wrongfully convicted.
	pushes science and
	technology a step	• Next-generation sequencing (NGS) helps match cancer patients with the most
	beyond where it is
	effective therapies - insight that should be equally accessible to all. The
	today - to solve the
	automated Ion Torrent™ Genexus™ System returns results in a single day and -
	problems of tomorrow.	unlike traditionally complex systems - can be operated by virtually any certified
		hospital lab technician. The technology's simplicity and cost-effectiveness can
		facilitate NGS adoption by the average community hospital, which is where the
		majority of cancer patients are diagnosed and treated.
	We are helping to	• Thermo Fisher Scientific Fund: The Foundation for Science was launched in 2020
	ignite the spark	to amplify the impact of our STEM education programming. With an investment
	that will inspire the	of $30 million, we are increasing equitable - and early - access to STEM for
	next generation of	underserved populations including girls, minorities and students living below the
	innovators. Research	poverty line. A life sciences industry that more fully reflects society will help solve
	shows students	the world's most complex problems for all.
Ensure inclusive and	begin losing interest	• Together with the Boys & Girls Club of America (BGCA), we adapted our DIY
equitable quality	in STEM-related
STEM program for the virtual environment at a time when many students
education and promote	subjects as early as
were unable to access their local clubs for in-person support and enrichment
lifelong learning	11 years of age, which
opportunities. BGCA's MyFuture platform was launched to provide youth a
opportunities for all.	is why our STEM
secure destination for virtual STEM networking and content. Our digital
	education strategy
	offerings launched in 2020 feature Thermo Fisher colleagues, technologies
	starts connecting with
	and careers.
	students early.
		• The Just Project, named after pioneering African American biologist Dr. Ernest
		Everett Just, supports free COVID-19 testing to assist with the safe reopening
		of historically Black colleges and universities (HBCUs). This effort is, in part,
		to mitigate student attrition during the crisis since HBCUs, which make up only
		3 percent of US colleges and universities, produce 30 percent of all African
		Americans with STEM bachelor's degrees. Through 2023, Thermo Fisher will hire
		at least 500 alumni from these institutions.
		For more on this work, see this report's section titled Communities.

Sustainable Development	Strategic	Featured 2020
Goals (SDGs)	alignment	contributions
	We provide fulfilling	• Manufacturing is the backbone of our Company. In 2020, we added more than
	careers across the	2,500 new manufacturing jobs worldwide. Of these, entry-level positions
	globe, ensuring equity	are often a good fit for students directly out of high school, technical school or
	and opportunity for	community college. These good-paying opportunities help tackle the under- and
	those historically	unemployment crisis facing underserved young adults who might otherwise find
Promote sustained,	underrepresented in	themselves both out of school and out of work.
the STEM industry
inclusive and sustainable	• Our Code of Business Conduct and Ethicsis one of several policies that
specifically, or in the
economic growth,	reinforce treating our colleagues with the dignity and respect they deserve. This
workforce generally.
full and productive	commitment to fair and safe work experiences also extends to our suppliers,
Our collaborative
employment and decent	who are expected to operate with integrity and responsible policies including
and inclusive culture
work for all.	combating slavery and human trafficking. Our integrated approach helps to
helps our colleagues
	improve quality of life in communities touched both directly and indirectly by
	connect and grow as
	our business.
	one global team.
		• Across our global footprint, we take a localized approach to job creation and
		economic development. In 2020, we formalized the Pharma K12 Workforce
		Training Development Initiative in Greenville, North Carolina - home to one of
		our largest sites. This partnership with a local community college helps high
		school graduates start and grow a successful career within the pharmaceutical
		industry, right in their own backyard.
		For more on this work, see two of this report's sections, Operations and Colleagues.
	We are focused on	• We reduce our environmental impact on local communities by ensuring the
	protecting the planet,	efficient use of resources in running our business. We source renewable
	starting with reducing	electricity through a mix of utility contracts as well as on- and off-site
	our carbon footprint.	generation. In Germany and the United Kingdom, where we have the greatest
	As a responsible	concentration of sites in Europe, we now power 100% of our operations with
Take urgent action to	business partner	green energy.
to our customers,
combat climate change	• Our analytical instruments are being used around the world to address the
we also help them
and its impacts.	drivers of global warming. Research institutions, government agencies and
advance climate
	industrial customers are conducting environmental studies using our mass
	science and reduce
	spectrometers and detecting and examining pollution and carbon emissions with
	the environmental
	our gas analyzers and ambient air monitors.
	impact of their own
	labs and operations.	• We continually work to develop environmentally friendly products in support
		of our customers. Among this year's new greener alternatives, Thermo Scientific™
		Labtainer™ Pro BioProcess Containers reduce packaging 24%, and Thermo
		Scientific™ Nunc™ Edge™ well plates generate up to 9% less plastic waste while
		significantly increasing useful capacity for a 40% increase in efficiency.
		For more on this work, see this report's section titled Environment.

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