The report, Caring at Ginkgo, demonstrates Ginkgo’s dedication and contributions to environmental, societal and governance issues
BOSTON, June 22, 2023 /PRNewswire/ — Ginkgo Bioworks (NYSE: DNA), which is constructing the main platform for cell programming and biosecurity, at this time revealed its 2022 Sustainability Report, Caring at Ginkgo, detailing the corporate’s views and progress in the direction of addressing world challenges, equivalent to local weather change and organic threats, in addition to outlining the practices supporting the group’s dedication to thoughtfully deploy its platform, construct a various and inclusive workforce, and proceed to foster a tradition of worker possession.
“Artificial biology offers us a key software to deal with a few of the main societal and environmental challenges the world faces at this time,” stated Jason Kelly, CEO and co-founder, Ginkgo Bioworks. “As our platform continues to enhance, we’re motivated by our alternatives to make an impression on the world, and we acknowledge our duty to behave with care. Ginkgo can play an vital function in serving to our prospects meet emissions reductions targets, and we’re happy with our work to assist governments all over the world work to stop and put together for future organic threats.”
This yr’s report comes because the White Home and others are more and more looking to synthetic biology and biomanufacturing as key to lowering world emissions, bettering provide chain resilience, and advancing human well being. As detailed within the report, Ginkgo’s platform helps allow main pharmaceutical, meals, and agriculture firms to develop extra sustainable options.
Concentric, Ginkgo’s biosecurity enterprise unit, is working to construct vital infrastructure to observe organic threats—supporting public well being and nationwide safety. Ginkgo additional developed and expanded its work with the Facilities for Illness Management and Prevention’s (CDC’s) Traveler-based Genomic Surveillance program (TGS), publishing weekly variant evaluation, developing new instruments and methodologies for monitoring plane wastewater, and demonstrating proof-of-concept for added pathogen monitoring. Ginkgo additionally announced the creation of ENDAR, a software that would assist deter misuse of engineered biology, in partnership with the Intelligence Superior Analysis Initiatives Exercise (IARPA). These developments are emblematic of Ginkgo’s imaginative and prescient to construct a world organic “radar” system to gather, manage, analyze, and operationalize information on all kinds of organic threats.
The report additionally highlights how Ginkgo is strengthening its organizational processes to help its dedication to care how its platform is developed and used as the corporate grows. For instance, final July Ginkgo staff elected 9 representatives to its Caring Committee. The Caring Committee works with groups throughout Ginkgo to facilitate evaluation, deliberation, and engagement concerning the potential impacts of our actions. A key operational element includes asking the vital questions on advantages, dangers and unintended penalties, that are built-in inside a Value, Caring, and Threat Evaluation (CCRA) scoping doc that’s a part of our program launch course of. Between their election in July 2022 and the tip of Q1 2023, the Caring Committee reviewed over 100 CCRAs spanning markets together with pharma, agriculture, bio-industrials, diet and wellness, authorities, and biosecurity. The committee facilitates a wide range of methods to advertise advantages and mitigate dangers, together with designing various technical approaches, implementing authorized guardrails, and dealing to determine specialists and advocate for wants that span throughout a number of packages.
“Ginkgo is made of individuals and individuals are an important factor of Ginkgo’s platform,” stated Jeannine Lombardi, Chief Folks Officer, Ginkgo Bioworks. “A lot of what we do— from the types of the applied sciences we construct, to the impacts they’ve, to the companions we serve—will depend on the composition of our crew. That is why we’re intentional concerning the packages we implement and the investments we make in inclusion: to make sure that we’re making selections consciously and in alignment with our values on daily basis.”
In 2022, Ginkgo started leveraging non-traditional workforce improvement pipelines, together with apprenticeships, co-ops, and summer time internships. Working with MassBioEd and Northeastern College, Ginkgo hosted six apprentices from underserved communities throughout a 16-month program the place 4 months of free, stipended classroom and laboratory schooling are adopted by one yr of paid on-the-job coaching at an organization. Ginkgo additionally launched its first pay fairness audit which decided that the unadjusted pay hole for feminine Bioworkers was 10.7% (in comparison with the nationwide common pay hole of 16.3%), and after controlling for variables equivalent to division, tenure, and job household, we discovered that the pay hole shrinks considerably and was near or at parity on most groups. We proceed to observe worker compensation for pay gaps and make changes regularly.
The report gives updates to Ginkgo’s inaugural Sustainability Report, which was launched final yr. Each studies are guided by key ESG frameworks and requirements, in addition to a third-party led materiality evaluation knowledgeable by stakeholder engagement.
About Ginkgo Bioworks
Ginkgo Bioworks is the main horizontal platform for cell programming, offering versatile, end-to-end companies that resolve challenges for organizations throughout various markets, from meals and agriculture to prescription drugs to industrial and specialty chemical compounds. Ginkgo’s biosecurity and public well being unit, Concentric by Ginkgo, is constructing world infrastructure for biosecurity to empower governments, communities, and public well being leaders to stop, detect, and reply to all kinds of organic threats. For extra info, go to ginkgobioworks.com and concentricbyginkgo.com, learn our blog, or comply with us on social media channels equivalent to Twitter (@Ginkgo and @ConcentricByGBW), Instagram (@GinkgoBioworks and @ConcentricByGinkgo), or LinkedIn.
Ahead-Wanting Statements of Ginkgo Bioworks
This press launch comprises sure forward-looking statements throughout the which means of the federal securities legal guidelines, together with statements concerning our environmental and different sustainability plans and targets. These forward-looking statements typically are recognized by the phrases “consider,” “can,” “undertaking,” “potential,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “might,” “ought to,” “will,” “would,” “will likely be,” “will proceed,” “will possible end result,” and comparable expressions. Ahead-looking statements are predictions, projections and different statements about future occasions which can be based mostly on present expectations and assumptions and, because of this, are topic to dangers and uncertainties. Many elements may trigger precise future occasions to vary materially from the forward-looking statements on this press launch, together with however not restricted to: (i) volatility within the worth of Ginkgo’s securities on account of a wide range of elements, together with adjustments within the aggressive and extremely regulated industries wherein Ginkgo operates and plans to function, variations in efficiency throughout opponents, and adjustments in legal guidelines and rules affecting Ginkgo’s enterprise, (ii) the flexibility to implement enterprise plans, forecasts, and different expectations, and to determine and notice extra enterprise alternatives, (iii) the danger of downturns in demand for merchandise utilizing artificial biology, (iv) the unpredictability of the length of the COVID-19 pandemic and the demand for COVID-19 testing and the business viability of our COVID-19 testing enterprise, (v) adjustments to the biosecurity trade, together with on account of developments in know-how, rising competitors and evolution in trade calls for, requirements and rules, (vi) our potential to appreciate the anticipated advantages of merger and acquisition transactions, (vii) the end result of any authorized proceedings towards Ginkgo, together with on account of current acquisitions, (viii) our potential to appreciate the anticipated advantages from and the success of our Foundry platform packages, (ix) our potential to efficiently develop engineered cells, bioprocesses, information packages or different deliverables, and (x) the product improvement or commercialization success of our prospects. The foregoing record of things is just not exhaustive. It is best to rigorously contemplate the foregoing elements and the opposite dangers and uncertainties described within the “Threat Components” part of Ginkgo’s quarterly report on Kind 10-Q filed with the U.S. Securities and Change Fee (the “SEC”) on Might 10, 2023 and different paperwork filed by Ginkgo on occasion with the SEC. These filings determine and handle different vital dangers and uncertainties that would trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements communicate solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and Ginkgo assumes no obligation and doesn’t intend to replace or revise these forward-looking statements, whether or not on account of new info, future occasions, or in any other case. Ginkgo doesn’t give any assurance that it’ll obtain its expectations.
GINKGO BIOWORKS INVESTOR CONTACT:
GINKGO BIOWORKS MEDIA CONTACT:
SOURCE Ginkgo Bioworks