Thermo Fisher Scientific : CSR Report

Building a

brighter

future

2022 Corporate Social

Responsibility Report

Contents

About this report	3
Letter from our CEO	4
Highlights	5
Our Company	6
Our Mission in action	6
Our values	7
Our brands	8
Our performance	9
Innovation	10
Our CSR commitment	12
CSR strategy	12
Corporate governance	13
Stakeholder engagement	15
Materiality assessment	16
Ethics	17
Data privacy	20
Cybersecurity	21
Operations	22
Quality	23
Environmental, health and safety	25
Responsible sourcing	26

Colleagues	29
Diversity and inclusion	31
Talent management	34
Benefits and well-being	38

Communities	40
STEM education	42
Colleague involvement	45
Global health equity	46

Environment	47
Climate	50
Nature	53
Design for Sustainability	55
Endnotes	58
Awards	61
Data summary	62
Appendices	67

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Our Mission is to enable our customers to make

the world healthier, cleaner and safer.

About this report

Our Corporate Social Responsibility (CSR) report reflects our commitment to society and all our stakeholders and details our progress on relevant environmental, social and governance (ESG) priorities. The programs, achievements and performance covered in this report are presented in line with our CSR strategy, which is focused on four key pillars: Operations, Colleagues, Communities and Environment. Topics that are foundational to all four pillars are introduced in the

Our CSR commitment section. They include corporate governance, ethics, data privacy and cybersecurity.

This publication covers the reporting period from January 1 to December 31, 2022, and, unless otherwise noted, includes data for our clinical research business, which was acquired as PPD, Inc. on December 8, 2021.

We are committed to the continuous improvement of our reporting and disclosures to increase visibility into our efforts. To that end, we proactively gather feedback from our stakeholders to inform our approach. Our reporting is further guided by internationally recognized standards and frameworks, including the Global Reporting Initiative (GRI) Standards (2021), the International Financial Reporting Standards (IFRS) Foundation's SASB Standards for Medical Equipment and Devices, the Task Force on Climate-Related Financial Disclosures (TCFD) and the United Nations Sustainable Development Goals (SDGs). See Appendices 1 through 5 for more information.

As a member of the United Nations Global Compact (UNGC), Thermo Fisher Scientific remains committed to

aligning our Company strategy with the Ten Principles on human rights, labor, environment and anti-corruption. This report provides insight into our progress, including our approach to relevant topics such as human rights, pay equity and design for sustainability.

For select environmental performance indicators, Bureau Veritas has provided independent external assurance. Assured data is clearly marked in the Data summary and a copy of the assurance statement is available here with details on the assurance scope, standards used, work undertaken and conclusions.

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

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Letter from our CEO

Thermo Fisher was built to serve society, and our business is grounded in a simple but very profound Mission-to enable our customers to make the world healthier, cleaner and safer. We understand the important role we play

in improving lives worldwide as we help our customers diagnose disease, develop new treatments, protect our planet and keep people safe. This defines us as a Company and inspires our 125,000 colleagues to bring their best every day.

As a Mission-driven Company, we also know that our role in making the world a better place goes beyond enabling our customers' success. Our responsibility extends to supporting our communities, being a good steward of our planet, creating a great work environment for our colleagues and always doing business the right way.

I'm very proud of the way we delivered on these responsibilities in 2022, and I'm grateful to our extraordinary global team for making it possible.

To support our colleagues in reaching their full potential and achieving their career aspirations, we continue to create a vibrant and inclusive environment where unique backgrounds and perspectives are embraced. Our team's diversity of thought spurred remarkable innovation in 2022, generating an exciting pipeline of new products that will be launched in the years ahead and lead to improvements across our Company. We are committed to diversity and inclusion because it's the right thing to do and it makes us stronger.

Our colleagues also demonstrate a deep commitment to serving others, both on the job and in their communities, and I'm continually inspired by their compassion and enthusiasm for making a difference. Through their involvement and the leadership of our Community Action Councils (CACs), our team collectively volunteered more than 120,000 hours. As part of this activity, our CACs leveraged our Foundation for Science to support more than 4,000 Mission-aligned nonprofit organizations around the world.

Through corporate initiatives, we launched new signature partnerships to advance our commitment to science, technology, engineering and math (STEM) education access and equity. For example, through a partnership with Society for Science, we became the title sponsor of the Thermo Fisher Scientific Junior Innovators Challenge, the premier middle school STEM competition in the United States, which will reach over 65,000 students annually.

This year brought its share of crises in the world, and as always, there was an immediate outpouring of generosity across the Company. Thanks to colleague contributions and our Company matching gift program, we collectively donated nearly $6 million to critical causes globally, including humanitarian aid for the crisis in Ukraine. We also reinvested in our global team with supportive initiatives such as special payments to help offset the impact of inflation and a new employee assistance program (EAP) focused on mental health.

I'm also proud of our continued progress to advance our environmental sustainability roadmap. Since 2018, we've reduced greenhouse gas emissions from our operations by 25%, and in 2022 we increased our goal, committing to a 50% reduction in Scope 1 and Scope 2 emissions by 2030.

Our new Scope 1 and 2 target as well as our Scope 3 and net-zero goals have been approved by the Science Based Targets initiative (SBTi), an independent organization that drives climate action in the private sector. This makes Thermo Fisher one of the first companies in our industry to have a net-zero target validated by the SBTi.

As we move ahead, we are building greener facilities and making changes to existing sites to reduce the use of fossil fuels. Our colleagues are taking an active role on this journey-contributing innovative ideas and participating in efforts to accelerate our path forward. As of the writing of this letter, more than 150 of our sites are now fully powered by renewable energy, and by 2026 all our current

US sites will operate on 100% renewable electricity, thanks to power purchasing agreements finalized in the past year.

We accomplished a lot in 2022 and none of it would be possible without the passion and commitment of our incredible global team. We are proud to be on this journey together, striving to be an even stronger partner for our stakeholders, making an even greater impact for society, and fostering a workplace where all colleagues can pursue long-term,Mission-driven careers.

I encourage you to read more about our contributions in this report. It provides a glimpse into the many ways we are building a brighter future for our customers, our colleagues, our communities-and the world at large.

Marc N. Casper

Chairman, President and CEO

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Highlights	#6	$1.5B
	in R&D investment

in the 2022

Return on Leadership™ ROL100™ ranking

Thermo Fisher Scientific Junior Innovators Challenge

launched to reach 65,000 students annually

$2B

in spend with small and diverse suppliers

41

sites with ISO 14001 environmental management system certification

93%

of sites adhering to current Good Manufacturing Practices and/or certified to ISO 9001, ISO 13485 standards

500

alumni hired from historically Black colleges and universities since 2020, already surpassing our 2023 goal

51%

of global leadership roles filled internally

Pay equity

study conducted to measure and advance our diversity and inclusion progress

89.5K

students reached through STEM education

Net-zero emissions by 2050

with near- and long-term targets validated by the

Science Based Targets initiative

Accelerating our ambition

with an updated 2030 target of reducing 25% our Scope 1 and 21 emissions by 50% reduction in absolute

Scope 1 and 2 emissions since 20182

HIV drug resistance testing

made accessible in 25 low- and middle-income countries

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120K

volunteer hours by colleagues

5