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Fortrea Releases Inaugural Corporate Social Responsibility Report
Fortrea Fortrea (US:FTRE) GlobeNewswire News Room·2024-10-17 11:00

Core Insights - Fortrea has released its inaugural Corporate Social Responsibility report titled "Fortrea for Better," highlighting its commitment to environmental, social, and governance (ESG) practices [1][4] Group 1: Environmental Practices - The report showcases Fortrea's achievements as an independent public company, including the refurbishment of an old mail-order warehouse in the UK into a 100-bed clinic, which received environmental certification for energy conservation, material usage, water consumption, and waste disposal [2] Group 2: Social Practices - Fortrea emphasizes the importance of Employee Resource Groups (ERGs), which are voluntary, employee-led groups aimed at supporting historically marginalized communities. Currently, there are eight ERGs with nearly 4,000 active members [3] Group 3: Governance Practices - The company has established a multi-year ESG roadmap, joined the United Nations Global Compact Initiative, and committed to the Science Based Targets Initiative. The CEO has pledged support for diversity, equity, and inclusion (DEI) as part of the CEO Action for Diversity & Inclusion™ [4] - Fortrea has made its first submission to EcoVadis for sustainability ratings and is developing its first environmental report for CDP, positioning itself to meet reporting regulations expected in 2026 [4] Group 4: Company Overview - Fortrea is a leading global provider of clinical development solutions, partnering with biopharmaceutical, biotechnology, medical device, and diagnostic companies to drive healthcare innovation. The company operates in about 100 countries and offers phase I-IV clinical trial management and consulting services [5]