Invitae Publishes its Environmental, Social and Governance (ESG) Report
– Report details the company's commitment to improving healthcare through the power of genetic information and discloses Environmental, Social and Governance initiatives for fiscal year 2023 –
"At Invitae, sustainability isn't just a function; it's woven into the very fabric of our DNA. We've embraced sustainability and ESG as catalysts for transformative change," said
The report provides an in-depth review of the progress made in the past year through company-wide ESG initiatives. The company's notable achievements include:
- Expanding patient access and partnerships: We concentrated our efforts on expanded access to genetic testing, resulting in policies, programs, and guidelines that now qualify more patients and their families to receive testing. Since inception, we have proudly served over 4.6+ million patients and in 2023, expanded our partnerships in rare diseases and data to advance drug discovery.
- Advancing genetic insights: We strengthened our industry-leading variant classification, Invitae Generation™ capabilities through cutting-edge technologies such as machine learning and functional modeling. Since 2020, we've seen a 40% reduction in the rates of uncertainty with Invitae Generation™ technology. These tools empower us to continue to improve the accuracy of our genetic insights.
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Standard of quality: We obtained market authorization from the
United States (US) Food and Drug Administration (FDA) for one of our hereditary germline cancer panels, a testament to our stringent standards and product quality. Our hereditary cancer panels give patients and their families vital information for informed healthcare decisions. - Environmental sustainability: We made progress managing scope 1 and 2 greenhouse gas emissions, and we assessed the relevance of the different scope 3 categories in our value chain. We also adopted a board-level Environmental Policy. Environmental sustainability is at the core of our ESG journey.
"I extend my heartfelt gratitude to our exceptional team members for their dedication, hard work and focus on our patients and on our greater mission—bringing genetic information into mainstream medicine and creating a healthier future for all," said
About
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Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the company's ESG and sustainability plans and initiatives and the expected impact thereof. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: risks and uncertainties regarding the company's ability to successfully consummate and complete a plan of reorganization under Chapter 11; the company's ability to continue operating in the ordinary course while the Chapter 11 proceeding is pending; potential adverse effects of the Chapter 11 proceeding on the company's business, financial condition, liquidity and results of operations; the company's ability to use rapidly changing genetic data to interpret test results accurately and consistently; risks associated with litigation; security breaches, loss of data and other disruptions; laws and regulations applicable to the company's business; and the other risks set forth in the company's filings with the
Invitae PR contact:
pr@invitae.com
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