Illumina releases 2023 Corporate Social Responsibility Report

Rhea-AI Summary

Illumina published its fifth annual Corporate Social Responsibility (CSR) Report, showcasing progress in 2023 across key focus areas: genomics access, community nurturing, environmental stewardship, and responsible operations. Notable achievements include training over 27,000 healthcare professionals, maintaining zero net pay gap, achieving 45% female workforce representation, and using 100% renewable electricity. Key product launches like NovaSeq™ X Series and TruSight™ Oncology 500 ctDNA v2 were also highlighted. Additionally, Illumina's core facilities underwent third-party audits, and the company achieved significant data privacy certifications.

Positive

• Trained over 27,000 healthcare professionals.
• Healthcare coverage for genomic testing increased from 1.2 billion to 1.3 billion.
• Launched NovaSeq™ X Series and TruSight™ Oncology 500 ctDNA v2.
• Zero net pay gap maintained for the fifth consecutive year.
• 45% female workforce representation with a 5% increase in female leadership roles.
• 60% of employees participated in charitable giving and volunteering.
• NovaSeq™ X Series resulted in 90% less packaging waste, 50% less plastic, and 61% reduction in climate change impact.
• 100% renewable electricity consumption for the second year.
• 100% of core facilities participated in third-party audit programs.
• Expanded ISO data privacy certifications and completed EU-US and Swiss-US Data Privacy Framework Self-Certification.
• Strong corporate governance with an independent Board of Directors and an independent Board Chair.

Negative

• No specific financial data or revenue figures provided.
• Unclear impact on stock performance from CSR initiatives.
• No mention of cost or investment associated with CSR achievements.

SAN DIEGO, May 28, 2024 /PRNewswire/ -- Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, today published its fifth annual Corporate Social Responsibility (CSR) Report. The report highlights the company's ongoing commitments and progress made in 2023 toward advancing human health by serving as a champion for patients, communities, employees, and the planet.

"At Illumina, we are guided by our mission to improve human health by unlocking the power of the genome," said Jacob Thaysen, CEO of Illumina. "Our customers, partners, and employees continue taking bold, meaningful steps to accelerate access to genomics, empower our communities, integrate environmental sustainability into our business strategy, nurture our people, and operate responsibly."

Illumina's CSR program is rooted in four key focus areas, and the company's 2023 CSR Report demonstrates progress in each:

• Accelerating access to genomics: Illumina continues to bring the benefits of genomics to more people by driving down the cost of sequencing, expanding into new markets, and increasing the diversity of genomic data. In 2023, Illumina trained more than 27,000 health care professionals and continued its advocacy for health care coverage for genomic testing, which increased from 1.2 billion to 1.3 billion. The company also launched several new products, including the NovaSeq™ X Series, powered by XLEAP-SBS™ chemistry; the TruSight™ Oncology 500 ctDNA v2 research assay, enabling comprehensive genomic profiling from liquid biopsy samples; and the 25B flow cell, which can generate tens of thousands of whole genomes per year at the lowest cost per sample of any Illumina platform.
  
  
• Nurturing our people and communities: In 2023, Illumina maintained a zero net pay gap for the fifth consecutive year and reached 45% female representation in the workforce, with a 5% increase in female leadership roles over the last three years. Illumina also strives to create a purpose-driven culture, and in 2023, nearly 60% of employees worldwide participated in charitable giving and volunteering.
   
• Integrating environmental stewardship: As the genomics industry leader, Illumina plays a crucial role in contributing to a healthier planet. The Illumina NovaSeq X Series, which debuted in 2023, uses significantly more sustainable reagents, resulting in 90% less packaging weight and waste, 50% less plastic, and a 61% reduction in climate change impact. Additionally, 100% of Illumina's global electricity consumption came from renewable sources for the second consecutive year.
   
• Operating responsibly: In 2023, Illumina strengthened its dedication to ethical business practices and operational integrity by ensuring that 100% of its core facilities participated in third-party audit programs. Illumina also expanded its ISO data privacy certification to include additional products and completed the EU-US and Swiss-US Data Privacy Framework (DPF) Self-Certification and ISO 27701 certification. Additionally, Illumina continues to exercise strong corporate governance with an independent Board of Directors (all independent with the exception of the CEO), an independent Board Chair, and 75% of standing committees chaired by women.

The full report is available on Illumina's CSR website.

Forward-Looking Statements

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding mandates, the future, business plans and other statements that are not historical in nature. These statements are made on the basis of Illumina's views and assumptions regarding future events and business performance and plans as of the time the statements are made. These forward-looking statements may be accompanied by such words as "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "potential," "project," "target," "will" and other words and terms of similar meaning. Illumina does not undertake any obligation to update these statements unless required by applicable laws or regulations, and you should not place undue reliance on forward-looking statements. Specific factors are set forth in Illumina's Annual Report on Form 10-K for the year ended January 1, 2023 under the caption "Risk Factors", in information disclosed in public conference calls, the date and time of which are released beforehand, and in filings with the Securities and Exchange Commission including, among others, quarterly reports on Form 10-Q.

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit illumina.com and connect with us on X, Facebook, LinkedIn, Instagram, TikTok, and YouTube. 

Contacts

Investors:
Salli Schwartz
858-291-6421
IR@illumina.com

Media:
Samantha Beal
PR@illumina.com

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SOURCE Illumina, Inc.

FAQ

What did Illumina's 2023 CSR Report highlight?

Illumina's 2023 CSR Report highlighted advancements in genomics access, community support, environmental stewardship, and responsible operations.

What is Illumina's stock symbol?

Illumina's stock symbol is ILMN.

How did Illumina improve genomics access in 2023?

Illumina improved genomics access by training 27,000 healthcare professionals and increasing healthcare coverage for genomic testing from 1.2 billion to 1.3 billion.

What new products did Illumina launch in 2023?

Illumina launched NovaSeq™ X Series and TruSight™ Oncology 500 ctDNA v2 in 2023.

How did Illumina perform in terms of environmental sustainability?

Illumina used 100% renewable electricity and introduced products with reduced environmental impact, such as the NovaSeq™ X Series, which cut packaging waste by 90% and plastic use by 50%.

What CSR achievements did Illumina have in workforce diversity?

Illumina maintained a zero net pay gap and achieved 45% female workforce representation with a 5% increase in female leadership roles.

What are Illumina's data privacy certifications?

In 2023, Illumina expanded its ISO data privacy certifications and completed the EU-US and Swiss-US Data Privacy Framework Self-Certification.