Twist Releases its Inaugural ESG Report
Jan 31, 2022 By MarketDepth
Twist Bioscience Corporation (NASDAQ: TWST) today released its inaugural environmental social and governance (ESG) report prior to the market open.
The report showcases Twist’s approach to sustainability, social responsibility and commitment to ethics.
“We are proud to share the results of our ESG report, which reflects the ongoing work since our founding that demonstrates our commitment to ethical practices, recruiting and developing a diverse global workforce, and fostering a corporate culture where employees feel valued, respected and have a sense of belonging.”Angela Bitting, SVP, corporate affairs and chief ESG officer for Twist Bioscience
According to the report, 63% of Twist’s workforce is made up of people of color, with women of color making up 27% of the organization. Furthermore, the company’s silicon-based synthetic DNA platform offers a more sustainable alternative to legacy methods by miniaturizing the chemical reaction, using 99.8% less reagent per gene and does not produce excess oligo, completely removing oligo waste from the gene synthesis process.
“Our commitment to writing the future of sustainability begins with the reduced chemical footprint of our silicon-based synthetic DNA platform and enables our customers to more sustainably develop therapeutics, diagnostic tests, agriculture yields, and so much more.”Angela Bitting, SVP, corporate affairs and chief ESG officer for Twist Bioscience