BeiGene Introduces Global Environmental, Social, and Governance Strategy

Rhea-AI Summary

BeiGene has launched its Change Is the Cure™ global ESG strategy, emphasizing affordable medicines and improved treatment access. The strategy includes five focus areas: Advancing Global Health, Empowering People, Innovating Sustainably, Supporting Communities, and Operating Responsibly. Highlights from the 2021 ESG report reveal 50 clinical candidates, 16 approved products in China, and ongoing initiatives for diversity and environmental impact reduction. The company aims to radically improve global access to medicines for two billion people by 2030.

Positive

• 50 clinical candidates and more than 30 pivotal trials underway in over 45 geographies.
• 16 approved products in China and BRUKINSA approval in 45 markets.
• Expanded pipeline into inflammation and immunology.
• Launched a Clinical Trial Diversity initiative.
• Defined near-term targets for 2022 to build long-term ESG goals.

Negative

• Dependence on successful clinical trial outcomes for future product approvals.
• Potential challenges in obtaining regulatory approvals and maintaining commercial success.

Change Is the Cure™, BeiGene’s ESG strategy and framework launched in 2021, defines the Company’s aspirational reason for thinking beyond its products and provides a path to help create a better world

CAMBRIDGE, Mass. & BASEL, Switzerland & BEIJING--(BUSINESS WIRE)-- BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160; SSE: 688235), a global, science-driven biotechnology company focused on developing innovative and affordable medicines to improve treatment outcomes and access for patients worldwide, today introduced the Company’s global environmental, social, and governance (ESG) strategy.

“At BeiGene, we are driven by our mission to be a transformational company that addresses global health needs and inequities by making innovative medicines more affordable and accessible,” said John V. Oyler, Co-Founder, Chairman and CEO at BeiGene. “As an industry, we know that we must do better. At BeiGene, this means striving for more efficient ways to develop new therapies, deliver them more broadly, and do so in a way that mitigates our impact on the planet.”

Over the past year, BeiGene formalized its ESG function and defined the Company’s new global ESG strategy and framework, Change Is the Cure™. Designed to address the needs of BeiGene’s diverse stakeholders, this framework includes five focus areas and defines strategic priorities:

1. Advancing Global Health: Innovative Products and Access & Affordability
2. Empowering Our People: Diversity, Equity, & Inclusion and Colleague Engagement & Well-Being
3. Innovating Sustainably: Climate Change and Product Stewardship
4. Supporting Communities: Patient Engagement & Advocacy and Charitable Giving & Volunteerism
5. Operating Responsibly: Business Ethics & Integrity and Responsible Sourcing

“While we are just beginning our ESG journey, we are proud of the progress we have made in the past year, including completing our first global carbon footprint analysis across our owned and operated facilities and implementing a new Supplier Code of Conduct,” said Christine Riley Miller, ESG Lead at BeiGene. “We have also defined near-term targets for fiscal year 2022 that will set the foundation for building long-term goals.”

Below are select highlights from BeiGene’s 2021 ESG report, which was developed with reference to Global Reporting Initiative (GRI) standards:

• Had approximately 50 candidates in clinical development and more than 30 pivotal trials underway in more than 45 geographies, and more than 50 preclinical programs, including approximately 50 percent with first-in-class or best-in-class potential;
• Had 16 approved products in China and BRUKINSA^® approval in 45 markets, including the U.S., EU, and China;
• Expanded its investigational pipeline beyond oncology into inflammation and immunology;
• Launched the BeiGene Clinical Trial Diversity initiative;
• Formed the Inclusion, Diversity, Equity, and Awareness (IDEA) Council to provide a forum for employees to explore issues of DEI and belonging. Introduced first in the U.S., the IDEA Council is now global with members in Canada, Europe, and China;
• Expanded its greenhouse gas inventory to be comprehensive of global Scope 1 and Scope 2 emissions across our owned and operated facilities;
• Continued efforts to reduce its environmental impacts in owned and operated manufacturing facilities, including changing its manufacturing process at its Suzhou, China plant to reduce the number and length of sanitation cleanings, eliminating the need for approximately 250 tonnes of purified water in 2021, and at its Guangzhou, China plant, recycling wastewater generated by the clean water system for landscaping, saving almost 55,000 tonnes for greening irrigation water throughout the year; and
• Held its first global and European patient advocacy forums.

View the full BeiGene 2021 ESG Report here: https://www.beigene.com/PDF/2021-ESG-Report.pdf.

About BeiGene

BeiGene is a global, science-driven biotechnology company focused on developing innovative and affordable medicines to improve treatment outcomes and access for patients worldwide. With a broad portfolio of more than 40 clinical candidates, we are expediting development of our diverse pipeline of novel therapeutics through our own capabilities and collaborations. We are committed to radically improving access to medicines for two billion more people by 2030. BeiGene has a growing global team of over 8,000 colleagues across five continents. To learn more about BeiGene, please visit www.beigene.com and follow us on Twitter at @BeiGeneGlobal.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding BeiGene’s plans, commitments, aspirations and goals for ESG as well as under the heading “About BeiGene”. Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including BeiGene's ability to demonstrate the efficacy and safety of its drug candidates; the clinical results for its drug candidates, which may not support further development or marketing approval; actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials and marketing approval; BeiGene's ability to achieve commercial success for its marketed medicines and drug candidates, if approved; BeiGene's ability to obtain and maintain protection of intellectual property for its medicines and technology; BeiGene's reliance on third parties to conduct drug development, manufacturing and other services; BeiGene’s limited experience in obtaining regulatory approvals and commercializing pharmaceutical products and its ability to obtain additional funding for operations and to complete the development and commercialization of its drug candidates and achieve and maintain profitability; the impact of the COVID-19 pandemic on BeiGene’s clinical development, regulatory, commercial, manufacturing and other operations, as well as those risks more fully discussed in the section entitled “Risk Factors” in BeiGene’s most recent annual report on Form 10-K as well as discussions of potential risks, uncertainties, and other important factors in BeiGene's subsequent filings with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this press release, and BeiGene undertakes no duty to update such information unless required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220426005559/en/

Investor

Kevin Mannix

+1 240-410-0129

ir@beigene.com

Media

Emily Collins

+1 201-201-4570

media@beigene.com

Source: BeiGene, Ltd.

FAQ

What is BeiGene's ESG strategy called?

BeiGene's ESG strategy is called Change Is the Cure™.

What are the five focus areas of BeiGene's ESG framework?

The five focus areas are Advancing Global Health, Empowering Our People, Innovating Sustainably, Supporting Communities, and Operating Responsibly.

How many clinical candidates does BeiGene have?

BeiGene has approximately 50 clinical candidates in development.

In how many markets is BRUKINSA approved?

BRUKINSA is approved in 45 markets.

What is BeiGene's goal for access to medicines by 2030?

BeiGene aims to radically improve access to medicines for two billion more people by 2030.