matography • ion chromatography • gas chromatography • elemental analysis • life sciences mass spectrometry • instrume
nt diagnostics • healthcare market channel • laboratory equipment • water analysis instruments • clinical trials service
cell culture media • The world leader in serving science • gas chromatography • elemental an instruments • environmey testing • microbiology • transplant diagnostics • healthcare market channel • laboratory equipment services • drug proda • rapid molecular products • liquid chromatography • ion chromatography instruments • portable field safety instrument
gy, asthma and autoimmunity testing • microbiology • transplant diagnostics • genetic sequencing • single-use bioproduc
roducts • liquid mass spectrometry • materials and minerals instruments • portable field safety instruments • environme
lastics • laboratory chemicals research and safety market channel • drug substance services • drug product servicin
nces • inorganic mass spectrometry • materials and minerals instruments • portable field safety analysis • clinical diagnos
cs • laboratory chemicals • research and safety market channel • PCR technology • capillary electrophoresis sequencin
pectrometry • inorganic mass spectrometry • materials an croscopy • molecular spectroscopy • elemental analysis • clinica
ratory chemicals reagents • real-time PCR technology • capillary electrophoresis sequencing • microarray technology • clin

OPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT
Corporate Social Responsibility
2019 Executive Summary

The world leader in serving scienceWHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

What Guides Us
Reflecting our commitment to society, our stakeholders
and to environmental, social and governance issues, we
focus our Corporate Social Responsibility (CSR) approachin four key pillars that are aligned with our business model,
strategy and values. Our pillars of Operations, Colleagues,
Communities and Environment enable us to create value
by providing high-quality products for our customers,
creating a great place to work for our colleagues, delivering
returns for our shareholders, making a difference in ourcommunities and reducing our impact on the environment.
Together, our investments in technology, products andpeople help to ensure sustainable growth and create apositive impact on the world. For more information on our
strategy and approach to each of these pillars, refer to thecomprehensive section of the report starting on page 18.

CEO Letter
GLOBAL REPORTING INITIATIVE (GRI)

We considered the Global Reporting Initiative (GRI)
Sustainability Reporting Standards in the development of
our report. Our GRI index detailing the relevant disclosures
can be found at www.thermofisher.com/csr.
UN GLOBAL COMPACTThe United Nations (UN) Global Compact is a voluntary
leadership platform for the development, implementationand disclosure of responsible business practices. As amember, Thermo Fisher Scientific is committed to aligning
our strategy, culture and operations with Ten Principles
on human rights, labor, environment and anti-corruption.

03

04

Leveraging our capabilities
to support our customers,
while conducting ourbusiness and relationships
with integrity

Providing resourcesand embracing uniqueperspectives to reachour full potential as one
global teamOperations

Colleagues

08

14

Making a difference
worldwide with anemphasis on promoting
STEM education

Innovating to serve ourcustomers while actively
minimizing our own global
footprint

Communities

Environment

Marc N. Casper
President and CEO

Thermo Fisher Scientific is the world leader in serving
science, and with that position comes a great senseof responsibility to the global community. We realize
we have the ability to make a significant positive
impact on society in many different ways.
Our Mission is to enable our customers to make the world
healthier, cleaner and safer, and the COVID-19 pandemic is a
powerful reminder of its importance. We are at the heart of the
global response in protecting people from the virus, advancing
research, providing diagnostic tests, and developing therapies
and vaccines. Our Mission inspires our more than 75,000
colleagues around the world to do their best every day – forour customers and society.
As our world becomes more complex and interconnected, it
becomes increasingly important to have a holistic approach tooperating our business. All of our stakeholders – customers,
colleagues, communities and shareholders– want to be
associated with a company that not only delivers outstanding
performance, but does so responsibly to create long-termvalue. In 2019, we joined the United Nations Global Compact
to demonstrate our commitment to upholding their guiding
principles around business sustainability.
Operating with integrity and acting responsibly is not only theright thing to do, but also makes us a better partner for ourcustomers. We provide innovative solutions that help themmeet their sustainability goals while we work to reduce ourown environmental impact. For example, through our Practical
Process Improvement (PPI) Business System, we’re focusedon increasing efficiency and optimizing the resources we use
at our facilities. We continue to invest in energy-reduction
projects and technologies and, in 2019, set a target to reduce
our greenhouse gas emissions 30% by the year 2030.

Living our 4i Values of Integrity, Intensity, Innovation andInvolvement not only allows us to build a customer-centricculture but also creates an environment where our colleagues
can do their best work. In 2019, our Employee Involvement
Survey showed that our top strengths as a company include
safety, respect for differences, alignment on priorities and that
our colleagues understand their contribution to our success.
We once again achieved perfect scores on the Corporate
Equality and Disability Equality indices, highlighting ourcommitment to creating one global team that can benefit fromthe unique experiences and abilities of all colleagues.
We recognize that as a science and technology leader, it iscritical to support our communities where we operate acrossthe globe. Through our STEM education programs we strive
to inspire the next generation of innovators, ensuring theimportant work performed by our customers can continue
into the next decade. In 2019, our programs connected
over 178,000 students around the world to science andour colleagues volunteered over 115,000 hours of their time
supporting a variety of causes important to local communities.
The stories in this report highlight just a few of ourcontributions from the past year. I feel honored to lead a global
team that is passionate about fulfilling our Mission and taking
responsibility for making the world a better place.

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESENVIRONMENTCOMMUNITIESOperations
About Us
Thermo Fisher Scientificis the world leaders inserving science. Throughour products and services,
we offer our customers anunmatched combinationof innovative technologies,
purchasing convenience andcomprehensive support.

Our Mission

NYSE

TMO

R&D Spend(in billions)

Annual revenue exceeding$25 billion
Global team of more than

75,000 colleagues“

Today we have taken
an important next step
toward redefining theway cancer patientscan be tested in the
future. We envisiona time when patientsat local hospitals
will have access totimely, comprehensive
genomic test resultsthat can guide bettertargeted therapy
selection and improvehealth outcomes as thestandard of care.”Everything we do starts with our Mission: to enable our customers
to make the world healthier, cleaner and safer. The nature of ourbusiness is to enable growth and innovation within the global
scientific community and to help researchers, organizations andcompanies solve some of the world’s most pressing issues. We dothat by providing cutting-edge technologies and services that are
the result of our significant investment in research and development.
We believe creating a better tomorrow starts with action we taketoday, and we continually strive toward improvement and excellence
for the benefit of our customers, our colleagues and the world.

Mark Stevenson,
Chief Operating Officer

2

Corporate Social Responsibility$1.00B$0.90B$0.75B$0.70B‘15 ‘16 ‘17 ‘18 ‘19

INNOVATING FOR A BETTER TOMORROW
Great strides have been made over the last two decades in cancer research thanks in partto technology such as next-generation sequencing (NGS). The amount of genomic data
generated as a result of faster and more robust NGS platforms has helped lead to a better
understanding of cancer, and this information is advancing the development of therapies
that are helping to prolong the lives of many cancer survivors.
Despite these advances, the vast majority of patients are not yet benefiting from thembecause the technology that can help match them more quickly to potentially more
effective therapies is generally not yet available in community hospitals, where mostpatients are diagnosed and treated.
Thermo Fisher took a major step toward providing increased access to genomic testing
through the introduction of the Ion Torrent Genexus System in 2019. The NGS platform
is the first system of its kind that is able to generate a comprehensive genomic profile in asingle day. It is also designed with an automated, simple-to-use workflow that virtually any
properly-certified hospital lab can adopt, and can return a comprehensive genomic reportusing minimal amounts of sample.

ENGAGING COLLEAGUES ON COMPLIANCE

FOCUS ON QUALITY

In 2019, Thermo Fisher initiated a companywide campaign
to shine a spotlight on the importance of compliance andethics during Compliance and Ethics Week in November. We
used a variety of channels to deliver daily communications
to all colleagues on topics such as global trade, anti-bribery,
healthcare, environmental health and safety (EHS) and data
privacy. These communications often included surveys andinteractive games to increase colleague engagement.

Having a strong quality culture is vital to Thermo Fisher
Scientific’s long-term success. Our customers rely on
our products and services to consistently meet their
expectations – we need to get them right the first time.
And regulatory authorities require us to operate at
the highest ethical standards and meet or exceed all
requirements in the countries where we operate. In 2019,
we launched a new companywide Quality Policy. The
new policy outlines our commitment to our customers
and regulators as well as our commitment to continuous
improvement.

Throughout the organization, our EHS professionals utilized
the compliance week platform for focused activities thathighlighted the importance of EHS compliance within ouroperations. Engagement events varied across regions but
included leadership communications and safety walks, hazard
identification competitions, information booths, daily safety
activities, and the sharing of inspirational colleagues’ safety
stories. The events were all designed to focus attention on theimportance of creating a culture of safety in the workplace.

COVID-19 RESPONSE
The global coronavirus (COVID-19) outbreak is a powerfulreminder of the importance of our Mission to enable ourcustomers to make the world healthier, cleaner and safer. To
learn more about how we enable our customers to respondto this pandemic, as well as how we are maintaining ouroperations through our robust business ramp-up andcontinuity plans, please see our COVID-19 website, available
here. We are committed to ensuring the safety of ourcolleagues, customers and communities.

“

I want our colleagues to remember that there
is a customer or patient at the end of what we
do every day and that their success or theirhealth depends upon the work that we do.
If we can manage to have everyone thinking
that way, every day, every minute, everywhere,
the customer and the people that they serve
will benefit.”– Peter Shearstone,
Vice President of Global Quality
Assurance & Regulatory Affairs

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

Colleagues

Our colleagues are critical to fulfilling our Mission. We strive
to create a collaborative culture while embracing diverse
backgrounds to help our colleagues reach their full potential
as one global team.

Diversity and Inclusion
At Thermo Fisher Scientific, diversity and inclusion (D&I) is
engrained within our culture – it’s not just something we do,it’s who we are. Our D&I initiatives enable our colleagues to
openly share the wide range of perspectives they represent,
creating an environment where differences are truly valued,
authenticity is a state-of-being and everyone feels like they
belong and can do their best work.

BUSINESS AND EMPLOYEERESOURCE GROUPS
As part of a diverse and inclusive workplace, Thermo
Fisher promotes Business and Employee Resource
Groups (B/ERGs), which bring together colleagues with ashared life experience and/or area of interest. Our B/ERGs
are employee-led groups that serve as a resource forcolleagues. Our B/ERGs help develop our employees
through learning and mentorship, community outreach
events, fostering the sharing of diverse experiences andperspectives that inspire innovative thinking.

4

Corporate Social Responsibility

TAPPING INTO STRENGTHS THROUGH
NEURODIVERSITY
Thermo Fisher recognizes that diversity comes in many
dimensions. As part of our commitment to create a more
equitable workforce, we piloted a Neurodiversity Hiring
Initiative in 2019. Partnering with the Arc of San Diego, which
serves local people with disabilities, and Neurodiversity in
the Workplace, a hiring initiative launched five years ago by
The Arc of Philadelphia, we hosted a two-week interview foreight data science candidates. They received professional
development training and demonstrated their capabilities
during a team-based technical project and presentation,rather than a traditional interview format, which may have
obscured those capabilities. We hired six of the candidates,
and their impact has been significant. One colleague received
recognition from our CEO for his data science insights that
informed product management teams on top opportunities
for developing and commercializing new services.

In 2019, we introduced two new ERGs supporting Asian
heritage and working parents and our first BRG supporting
data science innovation. These new B/ERGs are in addition
to our seven existing ERGs representing colleagues ofAfrican and Latino Hispanic heritage, millennials, women,
veterans, colleagues with differing abilities, and colleagues inthe LGBTA community.

“

Diversity and inclusion is more thansomething we do – at Thermo Fisher,it’s who we are and unrelentingly aspire
to be. Our ERGs are committed tobringing diverse voices into our global
conversations. We leverage inclusion
to foster these knowledge intersections
so we can deliver the most innovative
solutions to our customers.”– Jennifer Farmer,
Vice President,
Global Diversity & Inclusion

Recognizing Unconscious Bias
During the 2019 India annual leadership and commercial
meeting, we provided D&I training to the 900 attendees,
including recognizing unconscious bias. Professional skits
illustrated how quickly and easily bias can be developed.
Colleagues were then engaged in exercises highlighting
common workplace situations in India and the alternatives
for responding in ways that foster inclusivity.

“

We realized that the first step in building
a more diverse and inclusive workplace isrecognizing and consciously working aroundany bias we may have. The change required
for a truly inclusive culture comes from withineach one of us.”– Puneet Rajput,
Human Resources, India

Recognition
Best Place to Work for LGBTQ Equality Perfect score of 100 on Corporate Equality
Index for 4th consecutive year
Human Rights Campaign

Best Place to Work for People with Differing
Abilities - Perfect score of 100 on Disability
Equality Index for 2nd consecutive year
Disability: IN

Top Ten Innovations in Diversity –Neurodiversity Hiring Program
Diversity Journal

Best of Best Companies to Workfor in Biotech
Black EOE Journal

Best Company for Women andMillennial Women
Women’s Choice Award

Best Places to Work for Dads
Fatherly

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

CultureCOLLABORATION
Our Practical Process Improvement (PPI) Business System
helps us create a culture of continuous improvement andstrengthen our position as the world leader in serving
science. In an example of best practice sharing andleveraging PPI to find a better way, every day, colleagues
from our site in San Jose, Calif., visited our facility in Hillsboro,
Ore., to gain insight into their cleanroom procedures.
Cleanrooms in the United States are categorized by federal
standards based on the number and size of particles permitted
per volume of air, with a specific set of requirements assigned
to each classification. Our Hillsboro facility is an ISO 6 - Class
1000, which requires a strict dress code for access. After
following appropriate gowning procedures, the visiting teamwas shown various aspects of the cleanroom, including a
digital visual management board, air monitoring devices, clearlymarked areas for safety, and tools organized for point-of-use
for each technician. Notes were taken on special cleanroom
paper as regular paper can degrade and cause potential
airborne particulates.
As a follow-up to the visit, the team will be conducting areview at their manufacturing sites in San Jose and Bremen,
Germany, to determine what improvements they can maketo create an ISO 7 environment for production of the coreelements of their instruments.

TalentAt Thermo Fisher, we want all colleagues to achieve their fullpotential and career aspirations. We are committed to thedevelopment of our diverse, global workforce, enhancing
colleague skills and knowledge to achieve current and futurebusiness objectives.

HARNESSING TECHNOLOGY FOR TRAINING
In 2019, our pharmaceutical development and manufacturing
facility in Greenville, N.C., implemented a virtual reality (VR)new hire training program to prepare operators for working
in sterile environments. Due to the technical nature of theseroles, the facility had experienced challenges related totraining that called for a more robust onboarding process. The
17-day training program consists of 32 modules, including
four VR experiences through which operators practice setting
up equipment for different manufacturing processes in asterile environment. Since the training program’s opening inearly 2019, nine cohorts of new hires, totaling 52 colleagues,
have graduated from the program. In addition, over 200
veteran operators have received refresher training. To date,there have been zero defects due to human-related factors for
all colleagues who completed the program.

In 2020, the site plans to grow the training
program by adding additional VR modules andpiloting augmented reality (AR) applications.

DEVELOPING LEADERSHIPIn 2019 a fourth cohort graduated from Thermo Fisher’s
General Manager (GM) Development program, bringing thetotal number of graduates to 71. This intense, year-longleadership development journey is designed to accelerate
the success of early entry GMs and critical pipeline leaders
ready to move into a GM role. The program focuses training
around three key areas: talent management, strategy
development and execution, and financial and commercial
acumen. Each training module is sponsored by a memberof our senior leadership team, and many of them, including
CEO Marc Casper, conduct individual lessons within themodule. The training program also consists of a leadershipassessment, coaching and mentoring, and in-person andvirtual learning sessions throughout the year.
This year saw a redesign of the strategic talent leadershipmodule to reflect Thermo Fisher’s internal talent leadershipand development processes. This change also provided
opportunity for additional executive support in these areas.

The vitality of the program is evaluated on internal career
movement, either lateral or vertical, within two years after
completing the program. In 2019, more than two-thirds ofour graduates have moved onto the next step in their career.

“

The GM Development course helped me
to strengthen my ability to make strategic
decisions by enabling me to analyze the pros
and cons of different alternative scenarios. I
feel more confident selecting the best courseof action for topics critical to the business.”– Francisco Chávez,Vice President and General Manager of
Asia-Pacific and Emerging Markets“

Through this significant investment in training
we are changing the operating and quality
culture of the site. We are seeing significant
benefits for our colleagues, customers andultimately patients who rely on the medicines
we manufacturer here.”– Dr. Amie Fulcher,
Senior Manager of Training & Development

6

Corporate Social Responsibility

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

Communities

Leveraging our global footprint, we support and engage with
our local communities throughout the world.

Investing in STEM Education
Encouraging and inspiring students in the primary andsecondary grade levels to engage in science, technology,
engineering and math (STEM) activities is a core componentof our community engagement strategy. Through ourinternally developed signature STEM education programs,
we inspire students by connecting them to our colleagues
through hands-on activities while providing access toequipment to safely conduct their experiments.

SUPPORTING CAREER READINESSIn 2019, we added the Career Connections program to oursignature STEM education portfolio. Through activities suchas job simulations, skills assessments, career awareness,résumé building and facility tours, we provide students
with concrete tools to leverage their STEM classroom
skills into future careers. Career Connections is the fourth
Thermo Fisher signature STEM education program,supplementing our existing programs: Innovation Nation,
STEM Design Challenge and STEM-credible Kits. For
more information on all four signature STEM programs,
visit www.thermofisher.com/csr and pages 34-35 of ourcomprehensive Corporate Social Responsibility report.

RECOGNITION FOR OUR CONTRIBUTIONSTO STEM EDUCATION
In 2019, Thermo Fisher colleagues in the greater Boston
area donated approximately 1,000 volunteer hours through
STEM education outreach activities. As a result, we wererecognized by both the United Way of Massachusetts Bay
and Merrimack Valley and non-profit partner, MassBioEd.

Corporate STEM Leader of the Year awarded
by the United Way of Massachusetts Bay and
Merrimack Valley
Champion for Biotechnology Education
awarded by MassBioEd

Our STEM Education Outreach Programming: 2019 Snapshot

178,000+

8,500+

3700+

24

Students benefited from our
STEM programs

Participating Thermo Fisher colleagues

8

Corporate Social Responsibility

Educators impacted through our
STEM programs

Participating countries

830+
STEM events

Challenging Gender Norms on
Girls’ Day and Boys’ Day
In 2019, our site in Langenselbold, Germany, hosted students
ages 12-14 as part of Girls’ Day and Boys’ Day. This annual event
held by companies throughout Germany provides children withthe opportunity to learn about professions that have historically
been dominated by the opposite gender. During their visit, thestudents learned about the different products manufactured at
the site and how customers use them to advance their work, aswell as the basics of metal work and electronics manufacturing.
The experience ended with a tour of the site’s production facilities.
Through this interaction with Thermo Fisher colleagues, thestudents gained valuable insight into the vast career opportunities
available to all genders within the biotech community.

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUES

Impacting our Local Communities
Through volunteerism and charitable giving, our colleagues make a difference in their local
communities. With a network of over 120 Community Action Councils (CACs) across theglobe, our employees have collectively donated over 115,000 volunteer hours to their local
communities both through organized group activities and individual efforts.

COMMUNITIESENVIRONMENT

120+

Community Action
Councils worldwide

115,000+
Volunteer hours donated tothe community$1.8M
In 2019, we expanded our Charitable Giving Program to support colleague donations yearround and during our annual United Way Campaign across 28 countries. This expansion also
allowed us to provide more opportunity for colleagues to participate in and organize disaster
relief campaigns that may affect their immediate community or communities abroad.
Through our Employee Matching Gift program, we help colleagues make an even bigger
impact by matching their contribution to eligible charities by 50%.

A Stand-Out in the Community
In 2019, our site in Frederick, Md., received the Corporate
Business Service Award from the state governor inrecognition of its contribution to the community. The site
mobilized half of its 500+ workforce to provide over 6,000
volunteer hours to a variety of local charities. Much of theteam’s community engagement has focused on promoting
STEM education in the local community, including
longstanding partnerships with both the Boys & Girls Clubof America and Frederick County Public Schools.

Employee & matchinggift donations

2,000+

Non-profit organizations
supported through donations“

Thermo Fisher’s support of the Frederick
County Public School Science andEngineering Fair has had a significant impact
in the number of students participating year
after year. Their contribution as judges has
increased the motivation in our students
to achieve their best since they know thatprofessional scientists and engineers are
viewing their work. This has led to an increasein the number of students moving on to theInternational Science Fair.”– Colleen Beall, Frederick County
Public Schools Secondary
Science Specialist

PROVIDING ACCESS TO CLEAN WATER
According to the U.S. Water Alliance, more than two million
Americans lack access to running water, indoor plumbing or
wastewater services. In 2019, we established the Nalgene
Water Fund to support communities across the U.S.
struggling with access to clean water by partnering withgrassroots non-profits to raise funds and awareness. Throughthe sale of our limited-edition water bottles, $5.00 from eachbottle was donated to the fund along with additional monies
generated by our non-profit partners. Funds generated
through this ongoing campaign will be directed to the U.S.
Water Alliance to distribute to communities in need.

$34K+ donated to the fund“We know that access to clean water isvital to the future well-being of our local
communities and the environment, and weknow that many areas across the country
currently lack an adequate supply of cleanwater. We feel passionately that as a brandrooted in sustainability and hydration, Nalgene
was uniquely positioned to take a stand andmake an impact on the issue of domestic
communities struggling with access toclean water.”– Elissa McGee, General Manager,
Nalgene™ Consumer Products

IN-KIND SUPPORTIn 2019, we partnered with the Advanced Math andScience Academy, a Marlborough, Mass., charter schoolfor students in grades 6-12, to enhance their curriculumwith the donation of a Thermo Scientific™ Phenom™ ProX
desktop scanning electron microscope (SEM). The additionof this sophisticated instrument will take the immersive
learning approach at the school to a deeper level by allowing
students to explore cell structure and interactions in far
greater detail than was previously possible.

$3.3M total in-kind donations“

Our goal is to foster excitement and passion
about science. This electron microscope will
help expand students’ curiosity about theworld around them and help broaden theirknowledge to prepare them for a future careerin science.”– Dr. Scott Joray,
AMSA Science Department Chair

Reaching One Million Meals
This past year at our largest meal packing event to date,colleagues across India came together to pack 300,000
meals at Thermo Fisher India’s Annual Leadership Meetingin Hyderabad. This event brought the total number of meals
packed with the organization Rise Against Hunger to one
million since the start of our partnership in 2015. Since then,more than 5,000 colleagues have packed meals across 20
different cities in four countries, providing nourishment forover 10,600 people.

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

Community Engagement Across the Globe

Bleiswijk, Netherlands
Basingstoke, U.K.
50 colleagues travelled to Portsmouth,
U.K. to participate in the Big Spring
Beach Clean. The volunteers surveyedover two kilometers of coastline,
collecting over 30 kilograms of litterand recording what was found. This
information was collated and sent to
the Marine Conservation Society tohelp strengthen their position to drive
policy change and stop litter fromreaching the sea.

Milwaukee, Wisc., U.S.A.
Over 40 colleagues volunteered
with the Ronald McDonald
House Charities over a threemonth period. During this time,they served hot meals anddonated no-sew blankets madeby employees to families facing
medical crises.

For the 10th anniversary of our Bleiswijk
site, our colleagues hosted an event
including a tour and feedback session
with students to showcase productsthat are packed and shipped fromthe location. The activity included anexperiment where guests extracted RNA
from paprika using our own Invitrogen™
Dynabeads™.

Ferentino, Italy
Colleagues supported 14 children’s
homes that house orphan children or
those displaced due to domestic abuse.
Throughout December they responded
to more than 180 Christmas lettersand helped spread holiday cheer bydecorating Christmas trees and leaving
gifts from the wish lists at each home.

Portage, Mich., U.S.A.
As part of Global STEM Day,
colleagues engaged with 22high school students to discuss
food allergies, the pre-analyticalprocess, and the impact of allergy
testing a diagnostic tool whichis part of the team’s productline. Colleagues also helped thestudents construct their very
own ImmunoCAP allergy-testingmodels for demonstration.

Rockford, Ill., U.S.A.
2019 marked the third year forover 90 colleagues to coach andjudge teams as part of the Illinois
Science Olympiad, providing
feedback and inspiration for
230 students from 28 schools
on their journey to becoming
state champions.

Tijuana, Mexico
Our site adopted Rudi Park,
located in a neighborhood
where many of our colleagues
live, to host a “green-up” event,removing trash and debris fromthe park and painting park
benches and waste receptacles.

12

Buenos Aires, Brazil
Our colleagues showed a groupof local students the importanceof giving back when they
invited them on site to paint andassemble toys that were thendonated to local children in need.

Seoul, South Korea
Our colleagues put together threescience experiences featuring
different Thermo Fisher technologies
for 72 students. Topics included“Science Light Your Spectrum,”focused on the technology behind
our spectroscopy instrumentation;“Science Inside Out,” which
explored microscopy; and “Science
Investigation,” where students went
through the process involved in aforensic DNA investigation.

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

Environment

We believe we have a responsibility to actively reduce our environmental impact while continually seeking new ways tofacilitate and accelerate discovery for our customers.

New Greenhouse Gas Goal
In 2019 Thermo Fisher announced a new greenhouse gas reduction target of 30% (over 2018 levels) by the year 2030. Thisnew target aligns Thermo Fisher’s goal with the United Nations Paris Climate Agreement, which aims to limit worldwide averagetemperatures to below a 2°C increase in order to avoid the worst effects of climate change and global warming.

GRASSROOTS TO A GREENER WORLD
Through our culture of continuous improvement, it’s often
our colleagues who identify areas to reduce waste as part ofour commitment to combat climate change. Here are just a
few examples of our colleagues in action during 2019:• A “Your Waste Matters” campaign in Gul Circle,
Singapore, where colleagues brought in an expert on
recycling to address various waste streams• Use of reusable mugs at our site in Waltham, Mass.,
U.S.A. to replace all single-use coffee cups
• Installation of a living green roof at our site in Bnro,
Czech Republic

Our Progress
GREENHOUSEGAS EMISSIONS1WATER USAGE1

2.8%
2019

3%
2019

10%
2018

1

Data normalized by annual revenue

2

U.S. data only

14

Corporate Social Responsibility

4,300+
2019 (38% diversion rate)

9%
2018

TONS OF WASTE DIVERTEDFROM LANDFILL2

3,200+
2018 (39% diversion rate)“

Having the support from our site leadershipwas crucial to our success. It was achallenging process to shift all electricity
usage to green sources but extremely
rewarding. I couldn’t be prouder of what theteam has accomplished in driving down our
CO2 emissions.”– Wolfgang Steinberg,
Supply Chain Planner, Thermo Fisher Scientific

SITES WORKING TOWARD
ZERO WASTE (OVER 90%
WASTE DIVERSION RATE)

26(100% increase from 2018)

100% Renewable Energy
Over the past three years the “Green Team” at our site inKarlsruhe, Germany, worked with site leadership to procure
energy from renewable sources to provide 100% of the site’senergy usage. This was accomplished through a robust
evaluation that led to a change in energy procurement practices
and required an extensive assessment of the site’s future energy
needs, evaluation of energy sources and negotiation with theelectricity utility provider.
Following the successful pilot at the Karlsruhe site, theframework and best practices were shared countrywide toencourage other sites to migrate to 100% renewable energy
over the first half of 2020.

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

Innovation for Greener Products
Supporting our Mission of enabling our customers to makethe world healthier, cleaner and safer, we are always looking
for opportunities to design our products with environmental
sustainability in mind. Here are a few of our new productoptions introduced in 2019, allowing customers to reduce
their own environmental footprint.

51
150+
*

Greener Product Categories*

ENERGY STAR certified products (haveenergy star logo available)

Each greener product category consists of multiple products within a
product line – all of which share the same environmentally beneficial
feature(s). To help make labs more environmentally sustainable, wehave designed these products to minimize the use of hazardous
chemicals, minimize waste and material consumption, and/or increaseenergy efficiency compared to similar products in the marketplace.

REDUCING ENERGY
In 2019, we introduced the first available room temperaturestable cell culture media line, Gibco™ BenchStable™ Cell
Culture Media. This media line of products provides our cell
culture customers increased flexibility for their workflow,
allowing media to be stored closely to their work area rather
than in a refrigerator. By freeing up energy-consuming
refrigerator space, it also offers an environmental benefit.
BenchStable is manufactured in our standard media
packaging which is made up of two of the most highly
recycled plastics, ensuring the lowest environmental impact
available on the market.

REDUCING WASTE

REDUCING HAZARDS

Thermo Fisher’s new SmartPlate format media plates, usedin many molecular biology applications, were introduced in
North America in 2019 and use 10% less plastic resin while
offering additional user features such as a smaller footprint in
the refrigerator and incubator, and better design for stacking
and transporting the plates. Additionally, the new plates
are sourced just 50 miles from our manufacturing facility
in Lenexa, Kansas, which lowers the overall transportation
carbon footprint. We estimate these two product changes
will reduce resin use by 126 tons and gasoline consumption
by 47,000 gallons annually. As an added benefit, whenordering, customers can calculate the impact these plates
will have on their own greenhouse gas emissions.

Triton™ X-100 Detergent is commonly used in laboratories
for sample preparation to increase accuracy during analysis.
Many of our sample prep products currently contain thisdetergent, which is considered an environmental hazard bycertain European regulators (REACH) and will be banned
from manufacturing use in Europe in 2021. Our colleagues
have proactively developed a new product to replace Triton
X-100 Detergent in our products, reducing our customers’
hazardous waste streams.

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REDUCING LANDFILL WASTE FOROUR CUSTOMERSPRINTING LOCAL TO REDUCEGLOBAL EMISSIONS• At our Vilnius, Lithuania, site, a cross-functional team used
our PPI Business System to evaluate waste generated
from paper boxes used in the warehouse. Working withthe supplier, they replaced the secondary packaging
made of single-use cardboard with a foldable plastic box.
The plastic box can be reused multiple times and requires
no modifications to be made within the warehouse
operations. Making this change reduced the site’s paper
waste by 700 kilograms annually, saving $2,000 in costs.

In 2019 we conducted a pilot to migrate marketing andprint materials from bulk printing and distribution to local
on-demand printing. By migrating the printing of our 2018
annual Corporate Social Responsibility report to this method
we reduced our delivery distance for our printed report by 80
percent. We will continue to look for similar opportunities tomake printing and distribution more efficient.

• Colleagues at our site in Heysham, U.K., identified
an opportunity to reduce waste for both our internal
operations and for our customers. The project replaced
the foam-peanut void filler used in packaging shipmentswith a cardboard weave filler. The cardboard used tocreate the new filler product comes from incoming
packaging and transforms it in a perforated weave, flexible
enough to pack around fragile materials while providing
appropriate cushion and support.
• In 2019, we transitioned our shipment packaging forour clinical service customers from cardboard boxes
to reusable coolers in more than 50 countries aroundthe world. These coolers not only eliminate waste forour customers but provide a temperature-controlledenvironment during transit that lasts twice as longas typical “wet ice” shipping solutions, extending thevalidation period.

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

2019
Comprehensive
ReportWe opened our 2019 Corporate Social Responsibility reportwith selected highlights from the past year and an introduction
to our Mission, to enable our customers to make the world
healthier, cleaner and safer.

GLOBAL REPORTING INITIATIVE (GRI)

We considered the Global Reporting Initiative(GRI) Sustainability Reporting Standards in thedevelopment of our report. Our full report and
GRI index detailing the relevant disclosures
can be found at thermofisher.com/csr

We now invite you to read more detail regarding ourcommitment to corporate social responsibility, and ourapproach to supporting our four pillars of focus; Operations,Colleagues, Communities and the Environment.

19

29

Operations

Colleagues

Leveraging our capabilities
to support our customers,
while conducting ourbusiness and relationships
with integrity

Providing resourcesand embracing uniqueperspectives to reach ourfull potential as one global
team

49

62

Communities

Environment

Making a difference
worldwide with anemphasis on promoting
STEM education

Innovating to serve ourcustomers while actively
minimizing our own global
footprint

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

Operations
Integrity is an integral part of all aspects of our business. We take measures
to ensure strong global citizenship practices both internally and across ourbusiness relationships. We are committed to conducting our business ethicallyand in full compliance with our internal systems and the laws of the countries
where we operate. And we do so with rigor around governance and ethics;
supply chain transparency; environmental, health and safety (EHS) regulations;and quality management. We also leverage our Practical Process Improvement(PPI) Business System – our operational discipline. PPI is a key element within
all of our business operations and engages our colleagues to continuously
improve productivity, the quality of our products and services, and ultimately,
to build customer allegiance.

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

Governance & Ethics

Corporate Governance
We have long believed that good corporate governance is important to ensurethat Thermo Fisher is managed for the long-term benefit of our shareholders
and other stakeholders. The company’s success requires a robust corporate
governance framework, highlights of which include:• Board refreshment, with a focus on building diversity of backgroundand skills• Proxy access by shareholders• Annual director elections• Majority voting policy in uncontested elections, with mandatory
resignation policy• Board committee oversight of risks associated with corporate responsibility
and sustainability efforts

Public policy
engagement
and executive
compensation
For policies on our public
policy engagement andpolitical participation, as well
as ESG-related elements
in executive compensation,please refer to our latest
proxy statement on the SEC
filings website.

• Shareholder right to act by written consent

UK Tax Policy• Active and robust engagement with shareholders on topics such as
our business and financial performance, governance and executive
compensation programs, and environmental and social matters
For details related to our Corporate Bylaws, Code of Business Conduct andEthics, Corporate Governance Guidelines, Board of Directors and Board
Committees, please visit our Investor Relations page or review our most recent
Proxy Statement. Thermo Fisher’s commitment to integrity related to employment
opportunities is detailed here.

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Thermo Fisher, in accordancewith our Code of BusinessConduct and Ethics, publishes
its tax strategy to adhere to
UK legislative requirements.
Thermo Fisher UK Tax Policy

WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUES

Ethics & Compliance
At Thermo Fisher, everything we do begins with our Mission - to enable ourcustomers to make the world healthier, cleaner and safer. Compliance is coreat Thermo Fisher to helping us achieve that Mission.

ETHICS
We require the highest standards of business ethics and integrity on the partof all colleagues and their compliance with all applicable laws and regulationsin the conduct of our business. The foundation of our compliance program is
our Code of Business Conduct and Ethics, which covers a very broad rangeof topics, including, but not limited to, policies related to conflicts of interest,
gift giving, honest and ethical fair dealing, insider trading, export control
awareness, health and safety, privacy matters, sexual harassment, etc.
We must also comply with the U.S. Foreign Corrupt Practices Act, the UK
Bribery Act 2010 and all applicable anti-corruption laws, both domesticallyand internationally. We maintain the Thermo Fisher Anti-Bribery Compliance
Policy, which provides a framework for promoting effective compliance withthese laws and regulations by relevant Thermo Fisher business organizations
and third-party intermediaries. Among other processes, the Policy requires
systematic and rigorous due diligence on all third-party intermediaries
and bans facilitation payments. In addition, our Legal and Internal Audit
departments work to ensure that this Policy is followed by providing continual
training, auditing, monitoring and, when necessary, internal investigation
and remediation.

COMPLIANCE
Thermo Fisher’s sales and marketing activities are guided by clear principles
that underscore our commitment to operating ethically:• Our sales practices, product descriptions and marketing practices must
always be fair, accurate and consistent with product labeling.
• Promotional claims must be based on valid scientific evidence and provide
accurate, objective and complete information about the product.
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COMMUNITIESENVIRONMENT

Annual review,certification andtraining on our
Code of BusinessConduct andEthics• All directors, officers
and employees of theCompany are responsible
for reviewing this Code andcertifying annually that they
have reviewed and are incompliance with it• All employees receive annual
training on specific Codeelements to ensure they havecomplete understanding of
our ethics and complianceexpectations

WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT• We must never promote our products for uses that have not been approvedby the appropriate regulatory authority, if approval is required.
• We believe in and practice fair trade by not prohibiting our customers
or suppliers from dealing with any of our competitors as a condition ofobtaining products and services from us• We do not enter into tying arrangements where a customer is required
to purchase one product in order to receive a second distinct product(however, sometimes we do offer a package price for bundled products orservices which can also be purchased separately).
The promotion of medical devices and diagnostic products is subject to strict
regulation around the world, including by the Food Drug & Cosmetic Act,
Anti-Kickback Statute and the Physician Payments Sunshine Act (and similarinternational regulations). The Thermo Fisher Healthcare Code of Conduct wasdeveloped in accordance with the AdvaMed Code of Ethics on Interactions
with Healthcare Professionals, which in turn is based on the Pharmaceutical
Research and Manufacturers of America Code on Interactions with Healthcare
Professionals, the MedTech Europe Code of Ethical Business Practice,and other similar guidance. These codes take into account the uniquenessof interactions between medical device manufacturers and healthcare
professionals. Our healthcare compliance program consists of written
policies and procedures that are overseen by compliance officers within each
operating group, and our colleagues receive extensive training and education(live and web-based on at least an annual basis) on relevant topics to ensure
their understanding with what is required both by the regulations and our
Healthcare Code of Conduct.

REPORTING CONCERNS
The purpose of our compliance program is to prevent and detect violationsof law or company policy. Employees are encouraged to report any issues
to their Human Resources or Legal departments or via our Ethics Hotline.
We have also adopted policies and procedures to address Healthcare Codeviolations that can lead to disciplinary action up to and including termination.
As the U.S. Department of Health and Human Services, Office of Inspector
General guidance recognizes, however, the implementation of such a program
cannot guarantee the elimination of improper conduct. It is Thermo Fisher’s
expectation that all employees will adhere to our compliance policies as well aswith all applicable laws and regulations.

BIOETHICS
As the world leader in serving science, we support the essential research
being performed by our customers every day to enable them to make theworld healthier, cleaner and safer. In support of those efforts we occasionallyare asked about the use of animals and the use of stem cells in testing. For
more information on our policies on animal testing and our position on the useof stem cells in research, refer our Statement on the Use of Animal Testing &Stem Cell Position Statement.

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENTManagement Systems

Quality Management
QUALITY POLICY
We fulfill our Mission to enable
our customers to make the world
healthier, cleaner and safer bycontinuously improving the qualityof our products and services andby ensuring global regulatorycompliance.
• Quality for our customers means
they can rely on our products andservices to consistently meet their
specifications and requirements.
• Quality for regulatory authorities
means that we operate at thehighest ethical standards and meetor exceed all applicable regulatory
requirements.
• Quality for our colleagues means
we take personal ownership toensure our work meets customer
requirements and is error-free fromdesign through use.

QUALITY MANAGEMENTCERTIFICATIONSCOMPETENCY AND
TRAINING

Given the diversity of manufacturing
at Thermo Fisher our sites holddifferent certifications. Over 80%
of our sites hold either cGMP, ISO
9001, or ISO 13485 certifications.
Some sites, where applicable,
additionally hold ISO 17025 andISO 14001 certifications. All sites
maintain appropriate certifications
and registrations required by theregulators of the markets in which wesell our products.

We have an operational discipline
through our Practical Process
Improvement (PPI) Business System- since this is the first time it ismentioned in the comprehensive
part of the report Business
System. It enables us to drive
profitable growth by continuously
improving quality, productivity andour customers’ experience. We
empower every colleague to solve
problems, large and small, for theorganization, creating a culture ofcontinuous improvement.

80%

CGMP, ISO 9001 &/OR
ISO 13485 Certified Sites• Quality for our company means wedrive a continuous improvement
culture that is enabled by Practical
Process Improvement (PPI) andour company’s Quality system.

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Corporate Social Responsibility

We also provide ongoing educationand training programs on quality
for our employees. Mandatory
job-specific training is required at
local sites to ensure high-quality
performance, e.g. Policies, SOPs
and work instructions are managed
through a selection of e-training
platforms. We are required toeffectively demonstrate our training
programs at audit in order to holdan ISO certification and to ensurecompliance with regulators in
our markets.

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

Environment, Health & Safety
EHS POLICY
Thermo Fisher is committed to protecting the environment, and the healthand safety of our colleagues, customers and the communities where we
operate. We hold ourselves responsible to the commitments made in ourcompany-wide EHS Policy and we implement a variety of robust systems
and programs to ensure we meet its intent and expectations. All employees
and senior business leaders are responsible for ensuring we meet our EHS
Policy expectations. For more information on Board oversight related toenvironmental issues, visit our Corporate Governance page.

EHS MANAGEMENT SYSTEM POLICY
We also have an EHS Management System (“EHS-MS”) Policy with additional
requirements to help us meet the commitments of our EHS Policy. The EHSMS Policy comprises of a set of systems-based management expectations
and processes that all manufacturing, distribution, and laboratory entities
are required to implement and follow. Our EHS-MS is based on the same
tenets contained in a wide variety of existing and generally accepted EHS
management system standards and practices (e.g., ISO 14001, OHSAS 18001,
ISO 45001 and U.S. OSHA’s “Recommended Practices for Safety and Health
Programs”), adapted and customized to integrate effectively into Thermo
Fisher’s governance structure and operating philosophy.
The EHS-MS Policy contains six (6) key elements, each of which has multiple
discrete requirements that must be met and maintained by individual operating
entities and locations around the world.
1. Management support and leadership – Requires a demonstrated
management commitment to our EHS Policy, development of an effective
EHS management culture at each location, establishment of relevant andmeasurable EHS related goals, development of a means to demonstrategoals are being achieved, and provision of adequate resources (andassigned roles and responsibilities) to implement an EHS-MS that achieves
established goals and expectations.
2. Employee participation – Requires employee participation in all phasesof developing and implementing an effective EHS-MS and associatedprocesses. This includes requirements for explicit employee involvementin (a) identifying EHS hazards and developing effective risk management
strategies; (b) establishing and participating in safety committees andprograms to assess, control and prevent EHS hazards; (c) developing
and evaluating training programs; (d) conducting EHS-MS inspections
and periodic compliance audits; and (e) taking appropriate corrective
and preventive actions. It also requires that employees have quick andready access to important EHS information, including EHS procedures/
work instructions, hazardous material inventories and Safety Data Sheets,
exposure monitoring results, and injury and illness data and trends

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUES(among others). Further, employees must be free to report EHS related
concerns without fear of retaliation from management, supervisors andpeers, and a variety of common barriers to employee participation mustbe actively addressed and removed (e.g., language, literacy, disabilities
and discrimination).
3. Regulatory compliance – Requires an active and effective program toensure each operation identifies and remains compliant with all relevant
and applicable EHS laws, regulations and corporate standards of practiceas well as external codes of conduct the company has endorsed. This
includes requirements and provisions for (a) identifying all relevant andapplicable EHS related compliance requirements; (b) documenting
and updating all such compliance expectations and required activities;and (c) establishing documented programs and functions needed toachieve and maintain full compliance, including the establishment of acomprehensive site wide EHS compliance calendar.
4. Hazard identification and risk management – Requires each location toperiodically identify, document and analyze routine and non-routine EHS
hazards that could impact employees, contractors, temporary employees,
or the environment (e.g., chemicals, biological materials and otherworkplace contaminants; electrical hazards; unguarded machinery; fire
hazards; and loss of containment of hazardous materials). In addition, therisks associated with all identified hazards must be characterized, prioritized
and ranked and adequate controls must be put in place to either eliminate
or mitigate hazards. Such controls must be routinely verified to ensure theyremain in-place and continue to be effective. Further, all locations musthave an effective emergency response plan that is periodically tested,
reviewed and updated.
5. Education and training – Requires the periodic identification anddocumentation of EHS training needs, education requirements, andmethods to determine the competency for all employees. In addition,
each location must identify, develop and specify appropriate training,
ensure that all required training is provided, and periodically evaluate its
ongoing effectiveness.
6. System evaluation and improvement – Requires each location to monitor
and improve its entire EHS performance and implement measures thatdrive continuous improvement. This includes reviewing and verifying that
the EHS-MS is operating as intended (and is achieving all company-widecommitments contained in our EHS Policy) as well as performing acomplete management review of the system by top management. In
addition, all locations must conduct their own internal audits of applicable
EHS compliance requirements and programs at least annually and mitigate
any identified non-conformities through a documented corrective andpreventive action process.

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COMMUNITIESENVIRONMENTWHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENTCORPORATE EHS COMPLIANCE AUDIT PROGRAM
In addition to requiring all applicable locations to implement and periodicallyverify their conformance to our EHS-MS Policy, and to conduct internal EHS
compliance audits, our Corporate EHS Compliance Audit Program (operating
independently of individual business unit control) conducts periodic, objective
and evidence-based evaluations of each location’s EHS compliance status.
Any observed deficiencies are documented and routinely reported to top
management for action and response. We also invoke an independent
corporate corrective and preventative action process to systematically drive
closure of all outstanding EHS audit findings in a timely manner.

CERTIFICATIONS
Some sites, where applicable, hold ISO 14001 certifications. Click here for thelist of sites with ISO Certifications.
In addition to our EHS program, Thermo Fisher is taking many other strides
related to the environment and workplace safety:• Environmental Performance & Disclosure• Safe and healthy workplace

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WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

Global Procurement

Supplier Diversity
Part of being a responsible corporate citizen and business partner is promoting
diversity not only within our operations but also among those with whom we
conduct business. This is why we work with companies owned and operated
by minorities, women, veterans, members of the lesbian, gay, bisexual,
transgender and queer (LGBTQ) community, and people with disabilities tohelp them grow their businesses.
By continually increasing the diversity of our world-class supply chain, we
benefit by obtaining the value of the innovative solutions and the fresh businessperspective such firms have to offer. They in essence become our partners inmaintaining our position as a leader in our industry, allowing us to ensure ourcustomers’ success.
Value received is only part of the story. Just as important, by working to
expand the field of opportunity, we help create the conditions that stimulate
economic growth in the communities where we, our customers, andour colleagues live and do business. We know that when this happens,everyone wins.

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4300+

Suppliers owned by minorities,
disabled, veterans, LBGTQ,
and women$708M+

Spend towards small businesses

WHAT GUIDES USOUR MISSIONOPERATIONSCOLLEAGUESCOMMUNITIESENVIRONMENT

Responsible Sourcing
We are committed to employing proper Global Citizenship practices in all ofour business relationships. As such, we expect all suppliers to conduct theirworldwide operations in a manner consistent with sustainability and socially
responsible business practices and policies. While recognizing differencesin laws, customs and acceptable practices around the world, we believe
shared values are the cornerstone of supplier relationships. Therefore, we
expect suppliers and all supplier sub-contractors to be fully compliant with our
Supplier Code of Conduct. Our supplier contracts state that we reserve theright to audit suppliers on all elements of this Code and to terminate a business
relationship if it is determined that a supplier is in violation.
To build upon our supply chain due diligence processes, this year we
implemented a supply chain risk management program to map, monitor,and lower our supply chain risk based on supplier performance, geographic
exposure, and environmental practices. In addition, we use the globally
recognized EcoVadis platform to assess and help drive improvements in our
suppliers’ health and safety, labor, and sustainability performance, and tomonitor compliance with our Supplier Code of Conduct.

CONFLICT MINERALSAs part of this commitment, we adhere to the Conflict Minerals provision of the
Dodd-Frank Act. Access to additional related documentation is below:• Conflict Minerals Statement• SEC Conflict Minerals Final Rule
• Conflict Minerals SEC Filing• OECD Guidance Edition 3• Submit Comments

HUMAN RIGHTS AND MODERN SLAVERY
Thermo Fisher is committed to ensuring that we conduct our global businesswith respect for human rights and in compliance with applicable laws and fairlabor practices, as evidenced by the following policies;• Supplier Code of Conduct• Modern Slavery Act Statement

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WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESCOMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENT

Colleagues
Having highly engaged colleagues is critical to fulfilling our Mission and achieving
our vision. It is imperative that they have opportunities to learn, grow and influence
our company culture. Through our Practical Process Improvement (PPI) Business
System, we enable our colleagues to become problem-solvers and to implementchange where they see opportunity or waste.
We do our best to create a positive, fair and safe working environment for ourcolleagues around the globe—one in which the backgrounds, lifestyles andideas that make each of our employees unique are valued. This, in turn, leads
to innovation and a better outcome for our customers and our business.
Not only do we strive to provide all of our colleagues with a voice, we also do
our best to make sure everyone has access to the right resources, programs
and internal company networks that will nurture their success. Our talentdevelopment and diversity and inclusion (D&I) initiatives help create a global
workplace that encourages involvement, helping to ensure that we continue toattract those with cutting-edge thinking critical to fulfilling our Mission.

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WHATGUIDESGUIDESUS
US
WHAT

OUR
OURMISSIONMISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESCOMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENT

We believe our 75,000+ colleagues are our greatest asset. We are focused on
attracting, developing, and retaining future and existing talent, including thosefrom acquired organizations. We take a deliberate and thoughtful approachthat seeks to honor the capabilities and legacy of the incoming business andcarefully considers culture as a part of each unique integration process. We areproud of our growing team of colleagues around the world who enable ourcustomers to make the world healthier, cleaner and safer.

75,000+Total employee population

Colleague population
by region

Colleague population
by gender

Europe,Middle East,
Africa24,383

Undisclosed
564

Americas36,516

Asia Pacific12,082

Male
42,939Female29,478

Colleague population by employment type, by gender

42,16242,939Male
27,994

1,484
29,478

Female526

38

Undisclosed

564
Full time

Part time

Data does not reflect contract or temporary workforce.

30

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WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESDiversity and Inclusion

At Thermo Fisher, diversity and inclusion (D&I) is engrained within our culture.
Through our D&I initiatives our colleagues are encouraged to openly share thewide range of perspectives they represent, creating an environment where
differences are truly valued and everyone feels like they belong. Fostering thistype of environment empowers our colleagues to make their best contributions
and have fulfilling careers.
We are committed to creating a global environment that embraces ourcolleagues' unique qualities and differences. We have a long-term D&I strategy
that will guide our efforts over the next five years. Thermo Fisher leadership,including our CEO, champions D&I and demonstrates active involvement. In
2018, we appointed a Vice President, Global Diversity & Inclusion to grow andimplement our strategy across the company.
To measure our progress, we utilize our D&I Index, a core set of metrics weregularly assess during business reviews, enabling meaningful, data-driven
decisions across the company. Our quarterly reviews assess our progress
on representation, external hires, internal promotions, and voluntary andinvoluntary turnover. This ensures we consistently measure progress andcontinue to focus on colleague diversity. We understand that diverse thinking
helps us innovate, understand the needs of our global customers – and makea more significant impact on society.

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COMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENTWHATGUIDESGUIDESUS
US
WHAT

OUR
OURMISSIONMISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESDiversity
We are committed to creating a work environment with a diverse range ofperspectives. Our newly appointed Diversity Leader in Talent Acquisition helps
us focus on building deeper relationships with select external diversity-focusedorganizations to recruit top talent from underrepresented ethnic groups (in the
United States), such as African Americans and Hispanic-Latinos. We consider
candidates from various career levels, including recent graduates, mid-level
managers and senior executives.
In 2019, we piloted a talent acquisition initiative that directly connected our
African Heritage ERG members with our diversity partners to help strengthen
the awareness of career opportunities and attract potential candidates. Having
a direct connection to our Human Resources team helps to ensure candidates
who have been referred by African Heritage ERG members receive appropriate
consideration for open positions. Lessons from the pilot are helping us create asustainable long-term approach to diversity hiring.
In addition to attracting and hiring diverse talent, we support our colleagues’
career development. In 2019, our Carlsbad, Calif., site hosted the Associationof Women in Science – San Diego Chapter’s Annual Summit. The summit
brought together 150 women from across southern California, featured fivesenior leaders from Thermo Fisher, and was co-hosted by the Women’s ERG.
More broadly, the Women’s ERG sponsored a partnership with Catalyst,
an organization with a mission to accelerate progress for women throughworkplace inclusion. Through this partnership all colleagues gain access topioneering research, practical tools, and proven solutions to advance women
into leadership roles while creating a more inclusive workplace.

Our site in Illkirch, France won first prize in the 2019 “Win Win
Challenge,” a competition hosted by The Town and Eurometropoleof Strasbourg. This award recognizes companies that actively
support the promotion of women in the workplace. The Illkirch
site was honored for increasing female representation on theEuropean leadership team from 10% to 40% over the last three
years, establishing a Women’s ERG chapter to support and promotewomen in the business and providing opportunities for female leaders
to share their experiences during Careers Week and International
Women’s Day.

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COMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENTWHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESCOMMUNITIESCOMMUNITIES

Inclusion

10

At Thermo Fisher, we focus on creating a welcoming environment where allcolleagues’ voices are heard, and all colleagues can move our culture andinnovation forward. Our Business and Employee Resource Groups (B/ERGs)
help activate our diversity and inclusion strategy as they foster awareness of
D&I and connect individuals with similar interests to improve the colleague
experience and to support key initiatives. Our B/ERGs are vital to our effort tocontinuously reinforce that all colleagues are valued and can make a difference
for our customers and for each other. Working across all of our global locations
and in online communities, they help foster organizational culture, reinforce
infrastructure and create personal accountability. Our B/ERGs support ourorganization in four key areas:

Employee Resource Groups(ERGs)

155

Local ERG chapters

In support of World Mental
Health Day in October 2019,
Thermo Fisher's Global Benefits
team and the PossAbilities ERG
sponsored a global webinar
to raise colleague awarenessof the importance of ouremotional, psychological andsocial wellbeing. Guest speakers
highlighted the programs andresources Thermo Fisher
provides for our colleagues andtheir families.

• Recruiting and retaining diverse talent• Career development for our diverse talent population to help build long andfulfilling careers• Communications and education to bring awareness to unconscious bias
and improve company culture• Community involvement with outreach through volunteerism andlocal partnerships
Each B/ERG is championed by an executive sponsor and key leaders
throughout our company. Our sites are empowered to launch ERG chaptersaligned to heritage and identity groups and BRG chapters aligned to businessinterests. We continue to launch new B/ERGs and chapters while evolving theimpact these groups have on business outcomes.

COLLEAGUE AWARENESS
Our colleagues learn about and reinforce our commitment to D&I in their dayto-day work. In 2019, we piloted two D&I education programs within two of ourlargest business groups. The programs merge a dynamic multimedia platform
with peer mentoring and facilitated discussions. Both pilots have encouraged
more dialogue and storytelling among colleagues, ultimately helping them tobring their authentic selves to work and shifting the cultural dialogue. Based on
the results of the pilot, we have expanded access to one of the D&I programs
to all colleagues.

ENVIRONMENTENVIRONMENT“

We leverage our B/ERGs to help educate colleagues about inclusion anddiverse perspectives at both the local and global levels. Local B/ERG chapters
drive engagement and inclusion while aligning with their global B/ERG leaders
on key initiatives. Currently, our B/ERGs have helped support local colleagues
during our response to the COVID-19 pandemic by fostering a sense ofcommunity and volunteering their operational skills to help support our Incident
Response Teams.

Mental health can
impact so much of
our overall wellbeing
and influence our
performance at workand at home. At
Thermo Fisher, weseek to increase our
focus in this space byraising awareness ofthe programs that will
enable our colleagues
to lead healthier lives."– Tim Coughlin,
Vice President, Global Benefits

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WHATGUIDESGUIDESUS
US
WHAT

OUR
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We actively foster a culture where all colleagues are comfortable bringing theirwhole selves to work. We do this by continuing to evaluate our policies andprocedures to ensure our colleagues not only feel accepted coming to theirplace of work, but that they truly belong.

ACCESS FOR ALL GENDERSWe are committed to making the workplace comfortable and supportive
for all colleagues. Thermo Fisher has developed new facility standards andguidelines to help our sites provide gender inclusive restrooms that areavailable to all of our colleagues and visitors, regardless of gender identity.
These guidelines will help sites retrofit buildings to accommodate all-gender
restrooms where permitted under state or country regulations. Thermo Fisher
will also begin integrating all-gender restrooms in new-build facilities wherepermitted and appropriate.

REVERSE MENTORING
As part of our commitment to respecting and understanding different
perspectives, our Millennials’ ERG manages a Reverse Mentoring Program,
operated globally in local chapters. This program enables Millennials to serveas mentors to those in older generations at Thermo Fisher to strengthen theconnection and understanding across generations.

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In support of our LGBTQ
colleagues, in 2019 Thermo
Fisher joined more than 200
other companies urging theUnited States Supreme Court
to recognize that the Civil Rights
Act prohibits discrimination
based on sexual orientation andgender identity.

WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESCOMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENT

CultureOur culture strengthens ourbusiness. We believe that a positive
working environment is built on
empowerment, trust, continuous
improvement and inclusion. With
our Mission, Vision, 4i values andour PPI Business System as ouroperational foundation, we encourage
our colleagues to help shapeand cultivate our culture throughparticipation in programs designed
to elevate the colleague experience.
Our focus and commitment is tocreate a culture where our colleagues
are engaged and passionate about
excelling; inspired to enable ourcustomers make the world healthier,cleaner and safer; and committed torealizing our collective full potential.
We know that for employees to thrive,
they must have meaningful work where
they can learn and grow, be treatedwith respect and dignity, valued andrecognized for their contributions, andfeel connected to their colleagues andcompany. While we take great pridein our culture, we also recognize that
there is always room for improvement,
and we recognize the value oftransparent communication. We
measure the employee experiencethrough our annual Employee
Involvement Survey (EIS).
Each year, our EIS gives every
colleague a voice and is used
to influence our enterprise-level35

goals, drive leader action plansand develop more opportunities forcolleagues to grow and innovate.
The survey is open to 100 percent of
our workforce. It is mobile-enabled
and designed to be universally
accessible with 23 language
offerings. The survey serves as away to capture employee feedback
and deliver comprehensive andinsightful analytics to our leaders andmanagers in the following areas:“

As I reflect on our many
accomplishments,
I know that none of
it would be possible
without the hard workand commitment of ourteams and the diverse
and inclusive culturethat we’ve all taken
part in shaping. Our
culture is based on thedesire to continuously
improve, and that’s
how we will sustain ourcompany’s success foryears to come.”• Leadership: company leadershipand effective management• Inclusion: fostering a workplace
where everyone is valued for theirindividual differences• Involvement: colleague
commitment to the company
The survey consists of 40 questions
with five-point scales and comment
fields available, and one open-ended
question. Additionally, our colleagues
are always encouraged to utilize
Thermo Fisher’s [24/7] Ethics Hotline
if they need to provide feedback
related to a violation.
Leadership Index
Inclusion Index
Involvement Index
Participation byfemale employees
Participation bymale employees

Corporate Social Responsibility

75
75
73
22,193 (82%)
31,452 (81%)– Marc Casper,
President & CEO

For more information, including policies
on Freedom of Association and Collective
Bargaining Agreements, please refer toour Equal Employment and Affirmative
Action Policy.

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Culture of Collaboration
COMMUNICATION WITH OUR COLLEAGUESWith more than 75,000 colleagues worldwide, ongoing, effective
communications is critical to maintaining our position as the world leader inserving science. Our commitment to keeping our colleagues informed about
our company, programs and initiatives not only ensures alignment on our goals
in support of our long-term vision, it strengthens our culture and employee
engagement. And by fostering dialog among our colleagues, we build trust,camaraderie and teamwork.
Whether highlighting the many ways we fulfill our Mission and impact society,providing updates on our performance or recognizing our colleagues, ourCEO Marc Casper leads by example by providing regular updates about
our company through direct messaging, town hall events and site visits. Our
business, functional and site leaders each have a role in communicating
information that’s relevant to our colleagues at a local level, while our people
leaders maintain ongoing dialog with their direct reports through teamand one-on-one meetings. Our intranet, iConnect, allows for companywide communication. And all colleagues can personally share news andinformation, initiate conversations and ask questions through our internal social
collaboration channel.
In 2019, we launched the Colleague Service Center (CSC) in the U.S.
and Canada to provide our colleagues one central location for all Human
Resources-related information and support. Through the CSC, colleagues caneasily access information, complete tasks and receive support related to theirwork experience at Thermo Fisher. The platform will be expanded to all our
global sites in 2020.

With COVID-19 highlighting theimportance of our Mission andheightening the need for ourcolleagues to feel connected, nomatter where in the world they
are working, our CEO town halls
are now done virtually and madeavailable to our global workforce.

PPI Productivity Savings
$374M
$338M
$235M
$195M
$170M
$150M

FOCUS ON CONTINUOUS IMPROVEMENT‘14 ‘15 ‘16 ‘17 ‘18 ‘19

At Thermo Fisher, we work together to continuously exceed our customers’
expectations. We have developed a PPI Business System that supports theway we think about our work and serves as the foundation of our operational
discipline. It enables us to drive profitable growth by continuously improving
quality, productivity and our customers’ experience. This model empowers ourcolleagues to become problem-solvers and to implement change where theysee opportunity or waste.

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WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESCOMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENTCULTURE OF INVOLVEMENT
Involvement is one of our core 4i Values and we empower our employees
to take ownership of the Thermo Fisher culture. Our company-supported,
colleague-driven teams create positive change in a number of important
areas, including:• Community outreach• Workplace diversity and inclusion• Environmental stewardship

COLLEAGUE RECOGNITION PROGRAM
Our comprehensive benefits and rewards offerings help our colleagues
feel recognized and supported. We also want our colleagues to have theability to recognize one another, which we made possible through the social
platform “Appreciate”. Our Appreciate Program allows for real-time, specificacknowledgement of colleague contributions and service anniversaries,
creating a one-company culture of recognition and facilitating peer recognition
across groups and countries. It gives both colleagues and managers theopportunity to celebrate success publicly, helping colleagues feel noticed,
valued and appreciated for good work - whether it is consistently living our
4i Values, fostering customer allegiance or upholding our commitments tosafety, cybersecurity and our PPI Business System.

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42,614

Colleagues recognized throughAppreciate Program in 2019

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Culture of Respect
Our colleagues deserve and expect to be treated with fairness, dignity andrespect. We promote a culture of trust through transparency of company goals
and expectations. Our policies provide guidelines that inform how we treat
our employees and how they should engage with one another. Our Code ofBusiness Conduct and Ethics is supported by our 4i Values and reinforces
the importance of engaging in ethical business practices. This policy helps
communicate our commitment to providing equal employment opportunities
and expresses our belief that colleagues should be treated fairly and evaluatedon their contributions, and not on any personal attribute or characteristic.
As stated in our Equal Employment and Affirmative Action Policy, Thermo Fisher
provides equal employment opportunities to all employees and employment
applicants without regard to unlawful considerations of sex, sexual orientation,
gender (including gender identity and/or expression), pregnancy, race,color, creed, national or ethnic origin, citizenship status, religion or similar
philosophical beliefs, disability, marital and civil union status, age, genetic
information, veteran status or any personal attribute or characteristic that is
protected by applicable local, state or federal laws. We are proud to not only
attract, but to retain and support a diverse and inclusive workforce.
We extend our commitment to respect by striving to create equitable pay
practices. Pay for performance is the cornerstone of our Total Rewards philosophy,
not only as it applies to salary, but to other rewards as well. For example, stock
options and restricted stock units are awarded based on performance rating andpay band to eligible colleagues. Our policies ensure we are accommodating theunique needs of every employee and enabling their growth at Thermo Fisher.
We recognize the barriers to achieving an equal and equitable workplace.
We measure our current state and our progress toward addressing our gaps to
success, such as our gender pay gap, and its root causes.

Culture of Safety
We are committed to fostering a culture of safety and wellbeing for ourcolleagues around the globe. Our Environmental, Health and Safety (EHS)
professionals are vital to the success of our company. A strong commitment to
EHS helps us achieve our business goals by enabling productivity and quality
decrease in our lost-time injury
improvements, ensuring stewardship of our colleagues and the environment,
rate (LTIR) in recent years
and creating a strong culture of involvement. For example, our focus oncontinuous improvement and our proactive approach to site safety havehelped decrease our lost-time injury rate (LTIR) – a standard industry metricthat measures the number of injuries resulting in lost workdays per 1 million
Lost Time Injury Rate
hours worked – by more than one-third in recent years. We utilize our EHS
management system and the engagement and involvement of our workforce to 2019:
drive continuous improvement in our overall performance and ultimately a safe
0.32
0.29
working environment. In 2019, an EHS course focused on workplace safety
0.25
0.20
became part of the regular onboarding training for all new colleagues. The
training is offered in multiple languages.

> one-third

Safety in the workplace is best complemented by safety in one’s personal life,
which is why we’re committed to securing our employees’ holistic and familial
wellbeing through comprehensive benefits and rewards offerings.
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WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUES

TalentAt Thermo Fisher, we want all our colleagues to achieve their full potential andcareer aspirations. We are committed to the development of our diverse, global
workforce, enhancing their skills and knowledge to achieve current and futurebusiness objectives. Talent is the differentiator to a successful future, and we’ve
instituted a range of tools, technologies, processes and programs to ensure
we are attracting, cultivating and retaining our talent. From our colleague
referral program to our Graduate Leadership Development Program, we
continue to build strong internal and external sourcing. Talent Development at
Thermo Fisher is an organizational capability; that is, we actively manage ourtalent through deliberate, intentional rotations. Our executives and leadersparticipate in frequent discussions around organizational talent, leveraging
workforce data and predictive analytics to better anticipate the needs of ourbusiness based on growth and market demand.

Talent Attraction & Acquisition
Our colleagues are our first source for talent, and we work to ensure we
maximize their growth potential. Employees are encouraged to develop theircareers through various programs and learning and development curricula.
This focus on development provides the opportunity for colleagues to advanceinternally to the next phase of a career or chart a new career path. Knowing
our employees are ambassadors of our company, we look to them to refergreat talent since they are familiar with our culture and drive to achieve.
Our colleagues are rewarded for a successful referral and placement lasting atleast six months.
To ensure we are attracting talent from diverse candidate pools, we partnerwith organizations representing various heritage and identity groups to source
candidates, and work with our D&I team to ensure our colleagues are set
up for success once they join. We know our employees’ overall and familial
wellbeing is a key attractor, and our investment in them is reflected, in part, in
our Total Rewards offerings.

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COMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENTWHATGUIDESGUIDESUS
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OURMISSIONMISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESCOMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENTSTEM WORKFORCE DEVELOPMENTAs the world leader in serving science, we continue to need a steady pipelineof smart, innovative and talented engineers, scientists and researchers.
STEM curriculum is essential to building the next generation of Thermo Fisher
employees. Through our STEM programs, we are able to harness talent throughkey strategic community partnerships, which enable Thermo Fisher to progressand remain competitive in a technologically advanced business environment.
For example, part of our commitment to STEM education, we have partneredwith the Massachusetts STEM Advisory Council’s STEM@Work program overthe past three years to provide critical, real-world internship experience tohigh school students. Through the program we offer students an immersive
hands-on experiential learning experience that includes individual projects, site
tours and a team product design challenge. In 2019, our program included
ten interns across two sites: Tewksbury and Franklin, Mass. We also grew ourpartnership from 3 to 4 local area high schools in 2019.

Talent Development
Our talent is a key differentiator. Thermo Fisher is dedicated to retaining andgrowing our talent to meet our business needs of the future and to provide ourcolleagues with the opportunity to have a long and successful career here.
Every employee is driven to achieve, and it’s our responsibility to invest in
their potential. We consider a multi-tactic approach to development, including
formal and self-paced training, networking opportunities, on-the-job stretch
learning, strategic and data-driven talent management, coaching, mentoring,and manager development.

NEW HIRE ONBOARDING
The first major task for our new hires is to complete the onboarding process,which can be daunting to navigate as they learn Thermo Fisher’s terminology,
organizational structure and information systems. Through our newly deployed
Colleagues Service Center, our new colleagues are provided visibility to the end-toend onboarding process to track progress, with automated tasks and checklists,
centralized information storage and a user-friendly single sign-on process.

PERFORMANCE MANAGEMENT
Collaboration between an employee and their manager is the best formulafor ensuring strong performance and development growth. To equip ourmanagers and employees with the tools for success, we support an annual
performance management development (PMD) process with checkpoints
throughout the year and encourage ongoing dialogue between checkpoints.
The PMD process is available to all employees and ensures employee andmanager alignment on measurable targets, resulting in tangible progressthat can be reviewed at year-end, providing information for rewards suchas compensation and long-term incentive decisions. Regular discussions
throughout the year ensures our colleagues are clear on their priorities andprovides more opportunities for individual development to help them reach
their full potential and achieve their career aspirations.
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In 2019, colleagues fromour Information Technology(IT) Center of Excellence inTijuana, Mexico, partnered with
COBACH, a system of publichigh schools in the country, toraise awareness of the rangeof computer science andsoftware development career
opportunities available in Tijuana.
Throughout the year Thermo
Fisher colleagues engaged
more than 200 students in
STEM activities that focus onalgorithms, problem-solving andteamwork. They also shared
their own career paths andexperiences and ultimately why
they decided to pursue a career
within IT.

WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESCOMMUNITIESCOMMUNITIESCAREER DEVELOPMENT TOOLS
Ongoing employee development is critical to our success as a company.
We ensure that our colleagues can develop their skills and achieve career
objectives through a variety of tactics, including on-the-job and formal learning.
Whether improving a specific professional skill such as influence or negotiation,or honing a management or leadership skill necessary to guide a team andenable their development, we offer a mix of self-service and on-demand
programming in partnership with formal learning opportunities. Our investment
in our colleagues deepens our high-quality internal talent pool and enables
our colleagues to advance. Our global mobility benefits further support ourcolleagues who are ready for a new career chapter. By focusing on internaltalent, we also enable a deeper understanding of the business and areas
where we most need targeted skills development.
Additional training is available to, and in many cases mandatory for, allcolleagues on specific topics such as Practical Process Improvement (PPI),
diversity and inclusion, ethics and anti-bribery, our EHS management systemand our quality management system.
One example of our internal career development initiatives includes a six-monthinternal mentorship program for our colleagues in China which was launchedin 2019. The goal of the program was to pair early talent with more senior level
employees and supported more than 90 colleagues across China.

LEADERSHIP DEVELOPMENTManagers play a critical role in the development and engagement of ouremployees. That’s why we provide them with a suite of resources for theirdevelopment. Every manager is invited to our people manager broadcast
series, a monthly webinar and newsletter. Topics include material relevant to
the development of their teams and themselves such as talent management
and strategy. Additionally, aspiring and new managers can explore tailoredlearning paths, including networking opportunities and leadership exposure,
to learn more about what it means to lead others. More experienced
managers are eligible for a number of highly tailored programs that target
skill development, such as how to manage and develop a high-performing
employee. Many of these programs are taught by faculty from renowned
institutions such as Harvard Business School and Tuck School ofBusiness (Dartmouth).
When developing skills for a highly focused career path, we nominate
employees for year-long, function-specific leadership programs. By deepening
the content to align more directly to a function’s competencies, our emerging
leaders in functions such as human resources, general management, researchand development and operations are more equipped for success the day they
step into that next critical role.

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25.1%

Positions filled byinternal candidates

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Executive leaders are provided learning and networking opportunities
both within Thermo Fisher and with other business leaders from aroundthe world to drive connection, collaboration and best practice sharing.
Through Thermo Fisher University (our online learning portal), executives canleverage a selection of best-in-class external education offerings that provide
breakthrough research-based insights. They also engage in our culture ofcontinuous learning by participating in formal programming, networking
opportunities and otherwise lending their voices, in order to ensure our
employees are exposed to leader-led learning.

1M+

TOOLS AND RESOURCES
While we offer tailored development solutions for specified functions and role
profiles, we leverage our digital corporate university to ensure our development
opportunities are universally accessible. Thermo Fisher University hosts arobust collection of professional, management, leadership and executive
programs with a variety of self-paced microlearnings and programming suchas e-learnings, books and book summaries, articles, TEDTalks, virtual-led
training and more.
Networking is about relationships. Our B/ERGs provide networking
opportunities and mentorship programs both locally and globally in order toadvance communications, education and career opportunities for heritage andidentity groups.
And while we offer robust learning resources internally, we know there are
more growth opportunities out there. Benefits programs such as tuition
reimbursement can help to open the door to ongoing learning. Whatever theirnext step, we can help our colleagues get there.
In 2019, Thermo Fisher received two awards for our high potential leadershipprogram, Developing Emerging Leaders:• Brandon Hall Gold Award for Excellence in Leadership – Best Advance in
Senior Manager Development award• 2019 Chief Learning Officer Learning in Practice award
The Developing Emerging Leaders program was designed for our highpotential leaders to equip them with the necessary knowledge, skills, andbehaviors to lead their teams and achieve key performance goals. The
program focused on helping leaders understand their own leadershipstrengths and opportunities, how their business unit operates within the overall
strategy of the organization, and how to effectively lead others.
This comprehensive program includes virtual instructor-led training, self-paced
learning, performance-based application plans, networking opportunities, and,for each leader, the development of a personal brand. Since its launch in 2016,it has delivered 50 global training sessions for 800+ high-potential leaders innine countries.

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Visits to Professional,
Management, Leadership and
Executive curricula on Thermo
Fisher University in 2019

592

Professional, Managementand Leadership Development
resources on Thermo Fisher
University (classes, e-learnings,
articles, etc.) in 2019

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Talent Management
UNIVERSITY INTERNSHIP PROGRAM
At Thermo Fisher, we know it’s critical to gain experience and exposure
prior to and after graduating, which is why we invest in meaningful internshipprograms, support education through scholarships and create additional
opportunities for students who will develop into the next generation ofscientists, engineers and business leaders.
Our University internship program provides “in-role” experience – an importantpart of cultivating the skills interns need to fully and effectively transition into
the workplace from their focused academic endeavors. We offer internships
across various areas of the business to help students create career paths thatalign with their interests and aspirations.

LEADERSHIP DEVELOPMENT PROGRAMS
To create our pipeline of talent who will be the next generation of businessleaders, we offer seven leadership development programs for new graduates
determined to accelerate their careers with robust, on-the-job learning
opportunities, mentorship and structured learning plans.
Our Leadership Development Programs support: General Management(Graduate Level), Human Resources (Graduate Level), Finance, Information
Technology, Operations, Procurement and Sales.

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Wellbeing

At Thermo Fisher, we believe in the importance of empowering colleagues
to take control of all aspects of their wellbeing – emotional, physical, socialand financial. Wellbeing impacts the lives of our colleagues in countless ways
every day – from how we take care of ourselves and our families physically,
to emotional health and personal financial matters, to how we balance ourpersonal and professional lives. Our Total Rewards package includes a holistic
approach to wellbeing, with a wide variety of programs and resources available
to our colleagues, with some variation by location.
As one of our key Human Resources platforms, our global Total Rewards
team is led by a Vice President who reports directly into the Chief Human
Resources Officer. The team's goal is to deliver a competitive total rewards
package that all colleagues understand and value. We leverage our Colleague
Service Center to inform and engage with our colleagues on the various
programs and tools available to them. We regularly evaluate and measure
our program against established benchmarks to ensure we are delivering theright mix of services and resources, and that our colleagues are receiving aconsistently great experience. In 2019, we expanded our offering of wellbeing
benefits in the U.S. and are continually reviewing opportunities to expand these
programs globally.

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Making an IMPACT
on Cancer Care for
our Colleagues

Health & Wellbeing
Our global mindset combined with local focus helps us deliver high-quality
medical, wellness and insurance programs to approximately 75,000 colleagues
across the world. In addition to our comprehensive benefits and resources, weare proud to offer unique and innovative services that provide our colleagues
with access to the cutting-edge science they enable every day.
While specific benefits and programs vary by location, as an example, for U.S.
colleagues we offer:• A choice of national medical and dental plans, and a national vision plan.
• A wellness program, and valuable health incentive opportunities.
• Tax-advantaged savings and spending accounts, commuter benefits,
optional group legal coverage and opportunities for company Health Savings
Account (HSA) contributions.
• Company-paid disability, accident, life insurance and employee assistanceprograms, with options to purchase additional coverage at group coverage
rates to further support and protect their families.
• A company-paid second opinion service that connects U.S. colleagues
with leading doctors for expert opinions on their health status — all withoutleaving home.
• A suite of parenting educational apps provides personalized support along
the colleague’s journey — from fertility, to pregnancy, and ongoing parenting.
• An adoption assistance program to assist in qualified adoption expenses
associated with the adoption of a minor child.
• Our comprehensive diabetes management program empowers U.S.
colleagues and their families to manage their condition with a free glucose
meter, unlimited test strips and personalized coaching at no cost.
• We offer discounted pricing on a national weight management program tohelp employees reach their wellness goals—to lose weight, eat healthier,move more, or develop a more positive wellbeing mindset.

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Our Individualized Medical
Pathways for Advanced Careand Treatment (IMPACT) cancer
care program is an innovative,
company-paid benefit available
to colleagues and close family
members in Canada, the U.S.,
and the U.K. Participants in the
program receive personalized
support and direct lines ofcommunication to internal
experts in cancer genetics
and genomics, covering every
type, stage and diagnosis.
These licensed and boardcertified genetic counselors
are more than leaders of
IMPACT. The team serves
as personal navigators forparticipants and collaborative
partners for physicians to
help enhance ongoing cancer
treatments. Every participant’s
IMPACT journey is unique, but
services for colleagues or theirdependents facing cancer may
include genetic counseling,clinical trial matching and accessto cutting-edge tests and expert
advice not typically available
in other companies’ healthinsurance plans.

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Sites across our company form Wellness Teams to promote individual wellness
efforts among their colleagues ranging from organizing team participation inruns, walks, and cycling events, to providing cardiopulmonary resuscitation(CPR) training and increasing awareness around mental health andworkplace safety.
For example, in 2019, our site in Inchinnan, Scotland, was recognized by the
Scottish government with the Healthy Working Lives Gold Award for their
ongoing commitment to regular health and wellbeing activities and information
campaigns. The site has focused on providing colleagues opportunities forboth mental health support and physical activity by adding a gym, providing
fitness classes and holding various fitness activities like volleyball and table
tennis tournaments as well as walking and running events. The site also
hosts annual health awareness weeks and provides an employee assistanceprogram, childcare vouchers, cycle to work program and on-site therapists.

Running for a Cause
Our colleagues in China host an annual charity run each year, inpartnership with the China Women's Development Foundation,for over 2,500 colleagues, family members, customers and local
government personnel. This fundraising event held in 10 cities acrossthe country raised nearly $29,000 (200,000 RMB) in 2019 for ovariancancer prevention and awareness. Each year Thermo Fisher provides
a donation to the foundation on behalf of each runner – the longer the
distance from the participant, the larger the donation. Colleagues also
contributed to the fundraising effort themselves through the donationof books, food, and toys that were sold at the event. During the run,colleagues also organized a carnival featuring virtual reality games, tugof war and scientific experiments from our STEM education program in
China, Little Scientists, for runners and their family members.

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Pedaling fora CauseOur site in Carlsbad, Calif.,
participates annually in the Pedal
the Cause charitable bike rideand 5K walk/run, which has
raised more than $10 million,
funding 48 cancer research
projects and five clinical trials
for pancreatic, breast, brain,
pediatric, skin, lung, colorectal,
gastrointestinal, ovarian andendometrial cancers since
its inception in 2013. Thermo
Fisher’s participation in the event
continues to grow year over year.
In 2019, we had 188 participantsfrom San Diego and the Bay
Area, Calif.; Tijuana, Mexico;and Frederick, Md.; as well as
the U.K., France and Singapore.
These riders helped raise over
$102,000 bringing Thermo
Fisher’s collective contribution
over the past several years toclose to half a million dollars
toward cancer research.

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Finance and Future
We invest in our colleagues’ financial health, helping them grow and protect
their savings, plan for tomorrow and share in the success of the organization
they are helping to shape.
We deliver comprehensive rewards – including competitive base pay. We also
provide a variety of incentive and equity programs that, by design, directly
link each colleague’s contributions to the company’s overall success. Pay for
performance is the cornerstone of our Total Rewards philosophy, ensuring that
top performing colleagues are rewarded for outstanding contributions. Our
approach is designed to empower high performance and uses a consistentglobal approach wherever possible.
• We offer retirement and savings programs, for example ourcompetitive 401(k) U.S. retirement savings plan that includes generous
company-matching contributions of 100% of employee contributions up
to 6%, and automatic features that make it easy and convenient to savefor retirement.
• Our Employees’ Stock Purchase Plan (ESPP) offers eligible colleagues(based on location within 20+ participating countries) the opportunity topurchase company stock at a discount.
• Our employee discount program helps colleagues save on thousandsof products and services, including significant discounts on our iconic
Nalgene™ reusable water bottles and containers.
• Our partnership with a national bank allows Thermo Fisher U.S. colleagues
to get a special bundle of no-fee, everyday banking services, as well as
certain discounts on new mortgages and loans.
• Our tuition reimbursement policy promotes continued education andlearning, encouraging colleagues to enhance skills related to their present
and future roles in the organization.
• Tax-advantaged commuter benefits and optional legal coverage and othersupplemental financial and health plans.

Specific benefits and programs vary by location.
The Thermo Fisher Scientific Pension Scheme Statement of Investment Principles and Governance Statement: The Thermo Fisher Scientific
Scheme Statement of Investment Principles (“SIP”) covers the defined contribution section of the Scheme. The SIP sets out the Scheme’s investment
objective, the Scheme’s investment strategy, the Trustee’s approach to risk management, issues concerning implementation of the strategy and thepolicy on governance.
Statement of Investment Principles
DB Pension Scheme Defined Contribution Governance Statement
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Our colleagues invest a lot in their families, communities and work. We areproud to support their whole lives through programs and tools that drive
holistic wellbeing. We also provide opportunities for our colleagues to get
involved in their community and support causes they care about.
• We welcome flexible work arrangements, subject to specifics of the role.
• We offer paid volunteer time and charitable gift matching.
• Our U.S. paid time off (PTO) donation program empowers colleagues to help
one another in times of need.
• When colleagues start or grow a family, they receive company-paid parental
leave benefits. In the U.S., for example, we offer 3 weeks of paid bonding
leave and 8 additional weeks of paid leave for primary caregivers.
• Our back-up care program assists colleagues in finding temporary care
for loved ones when regular care arrangements break down to support
colleagues with the flexibility to meet life and work demands.
• Our college advising program offers personalized guidance, live events, andonline resources to help colleagues save time and alleviate worry about theirchild’s education.

Specific programs vary by location.
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Communities

Recognition
Corporate STEM Leader of the Year
United Way of Massachusetts Bay
and Merrimack Valley
Greater Boston Area,
Mass., USA

At Thermo Fisher Scientific, we believe that to be a good corporate citizen
we must invest in the communities where our employees live and work. Our
approach to community impact supports our company culture of developing
a talented, collaborative and passionate global team through the creation ofdevelopment, team building and networking opportunities while supporting thecauses that our colleagues care about around the world.

International Film Festival Finalist
Boston College for Corporate
Citizenship
Global

Our colleagues connect directly with their local communities to identify
volunteer and philanthropic opportunities through our employee-led
Community Action Councils (CACs). We further empower our employees tosupport organizations they care about through in-kind donations and ourmatching gifts program.

Community Contribution
Australian Business Awards
Australia
Community Service Award
Maryland Governor’s Service
AwardsFrederick, Md., U.S.A.

We also believe that any opportunity to work with students is an opportunity
to ignite the spark that may inspire our next great thinkers and leaders.
Fulfilling our Mission depends on developing bright, young talent to push theboundaries of our existing technologies and innovate for the future. We areleveraging our extraordinary internal capabilities to inspire the next generationof scientists and engineers. Our partnerships with non-profit organizations that
promote STEM enable us to not only support successful programs, but also toprovide employees with additional volunteer opportunities.

Employer of the Year
National Social ResponsibilityAwardsVilnius, Lithuania
Champion for Biotechnology
Education
MassBioEd
Greater Boston Area,
Mass., U.S.A.

The investment in our communities is part of the way we do business, which isreflected in our company goal tree, a set of targets cascaded across all areasof the business and to each employee, ensuring the programs that support ourcommunity continue to grow and drive impact across the globe.

Outstanding Company
Holistic CSR
China

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Growth in our
STEM Education
Outreach
Programming

Investing in
STEM Education

Students benefiting fromour STEM programs
178,000+
134,000
85,00030,00021,000‘15 ‘16 ‘17 ‘18 ‘19

Thermo Fisher Scientific is committed to inspiring a new generation of innovatorsthat will allow us to continue to enable our customers to make the world healthier,cleaner and safer. Through educational programming and partnerships, we
provide opportunities for our colleagues to engage with the communities in which
they live and work to share their knowledge and experience.

Signature STEM Education Programs

Educators impacted by
our STEM programs
8,500+
5,800+
2,500+
1,400+
1,100+

Research shows that students begin losing interest in STEM-related subjects
around 11-13 years of age, which is why we have designed our STEM
education outreach to focus on connecting with students during this critical
time. We realize that many educational institutions lack the resources to bridge
the subject matter taught within a textbook to real-world applications. As an
industry leader, we believe it is our responsibility to help make this connection,
ensuring a continued interest in STEM subjects and careers in future
generations.
Our signature STEM education programs connect students and colleagues
through hands-on and team-based activities that highlight our technologies,
make connections to careers in STEM and demonstrate how our company
impacts the world. Our programs: Innovation Nation, STEM Design Challenge,
STEMcredible Kits and Career Connections, are available to our colleagues toimplement in their local communities around the world. These activities can bedelivered through individual efforts or through team events planned throughour Community Action Councils and Employee Resource Groups.

‘15 ‘16 ‘17 ‘18 ‘19

STEM events
830+

380+
120+
50+
‘16

‘17

‘18

‘19

Participating Thermo
Fisher colleagues
3,900+
3,700+

1,870+

‘17

‘18

‘19

Participating countries
24
22
14

‘17

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‘18

‘19

WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESCOMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENTINNOVATION NATION PROGRAM
The Innovation Nation program provides our colleagues with presentations,lab materials and instructions to guide students through a variety of hands-on
and digital activities exploring concepts in life science, physics, chemistry andcomputer science. Through this program students learn about our technologies
as well as the different types of careers found within our industry.

11

83,000+348

15Lesson topics

Participating students

Hands-on workshops

Participating countries

STEM DESIGN CHALLENGE
The STEM Design Challenge gives our colleagues a framework for hosting anengineering design competition at a local school or non-profit organization.
Students work in teams to design solutions to a specific challenge utilizing theK’Nex™ Construction Toy System. Challenges range from creating a nanorobot to treat cancer, to designing a machine that can remove trash from theocean. Throughout the Challenge students learn the importance of teamwork
and good communication while presenting their designs to a panel of Thermo
Fisher colleagues who serve as judges during the final competition.

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Winning teams

9

Participating countries

16,000+Participating students

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STEM-CREDIBLE KITS OVERVIEW
Through our STEM-credible Kit program, we donate kits packed with reusablelab aprons, chemical splash safety goggles and gloves, as well as lab notebooks,
to local schools and non-profit organizations. The program also serves a twofold purpose for our colleagues: they have an opportunity to utilize our Practical
Process Improvement (PPI) Business System principles to optimize the packing ofthese safety kits and it is a meaningful team building activity.

25,600+4

Safety kits donatedParticipating countries

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Kit packing events

CAREER CONNECTIONSIn 2019, we added a fourth signature STEM education program to provide
students with information about different types of STEM careers and the tools
to launch their career search. Our new Career Connections program arms
our colleagues with resources to partner with students and facilitate exercises
ranging from mock interviews, résumé building, panel discussions and career
worksheets. These activities introduce students to different career paths while
exploring the varied skills needed to succeed in today’s competitive world.
In 2019, we piloted a new career-based activity which provides students
a simulated experience of a real-world issue that our colleagues in Quality
Assurance and Regulatory Affairs previously addressed to better serve ourcustomers. In the simulation, the decisions that the students make have a
direct impact on money, time and customer satisfaction. This pilot activity is
the first in a series of job simulation activities that will allow students to workthrough real problems encountered in the workplace.

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WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESCOMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENTSTEM Partnerships
Our partners help us deliver on our commitment to inspire a new generationof innovators through STEM education involvement. These partnerships
not only support students, but also provide colleagues with rewarding
volunteer opportunities.
Learn more about how we collaborate with STEM education non-profits anduniversities through our giving and early talent development programs.

BOYS & GIRLS CLUB OF AMERICA
Our approach to promoting STEM education leverages our colleagues andexposes primary and secondary learners to our technologies and careers. In
2016, we formed a national partnership with the Boys & Girls Clubs of America(BGCA) to support the organization in expanding its STEM curriculum tothousands of youth across the country. As part of our partnership, we help
fund the distribution of DIY (do it yourself) STEM learning kits that equip clubs
with hands-on activities covering the topics of engineering and the biological,
chemical and physical sciences in order to connect BGCA youth to the science
themes they encounter in everyday life. We also provide in-kind support by
donating our STEM-credible safety kits to ensure young learners can safely
experiment and explore.

Our 2019 Ideas in Action
In 2019, we participated in an “ideation session” with the BGCA
to support the transition of the DIY STEM curriculum to an online
platform. In 2020, the BGCA plans to launch a digital version of the
DIY STEM program on its MyFuture website which will feature videos
showcasing Thermo Fisher colleagues and their different careers.
Through this safe, fun, mobile-friendly social platform, children
will have access to more than 150 BGCA activities and programs,
including STEM activities, digital literacy, social and emotional learningand visual arts. Moving the DIY STEM program to digital delivery
enables the BGCA to reach more youth and provides higher quality
data to respond to student trends.

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Our award-winning partnership with the China Youth Development Foundation(CYDF) inspires interest in scientific careers and cultivates China’s future
innovative talent by bringing hands-on lab activities to school children acrossthe country. With activity kits sponsored by Thermo Fisher Scientific, students
learn about the science behind the ripening of bananas, the properties ofrainwater, the spoiling of cooked rice and more. Since 2015, thousands ofcolleagues have volunteered to strengthen our partnership with CYDF bypacking kits, conducting science experiments in schools and providing homedelivery of activity materials to students in rural areas.

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Since its establishment, thepartnership has resulted
in the distribution of morethan 10,000 kits, giving
more than 50,000 students
a chance to cultivate theirscientific curiosity.

MOBILE BIOCLASSThe Mobile BioClass is a hands-on science lab that brings cutting-edge
technology and current life science practices to high school students acrossLithuania and Estonia. Established in 2011 in partnership with Vilnius University,
the program has reached over 50% of Lithuania’s high schools. During the fivehour lesson, a Thermo Fisher scientist, alongside seven university students,
leads participants through activities such as polymerase chain reaction (PCR),DNA electrophoresis and visualization while encouraging safe laboratory
practices. All equipment and reagents used throughout the experiments are
manufactured by Thermo Fisher and donated to the program.

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The Vilnius site’scommitment and local
promotion of the Mobile
BioClass caught theattention of the National
Social ResponsibilityAwards in Lithuania, which
recognized the site for
employee engagement andempowerment programs.
In 2019, the Thermo Fisher
Vilnius site was awarded
Employer of the Year for thethird consecutive year.

WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESSTUDENTS 2 SCIENCE
Since 2015 we have partnered with Students 2 Science (S2S), a non-profit
organization based in New Jersey whose mission is to inspire, motivate andeducate elementary, middle and high school students to pursue careers in
STEM subjects. Through our partnership with S2S, we offer our colleagues anopportunity to connect with S2S instructors and assist them to remotely leadactivities with students around the globe. The V-Lab Program, which is offeredin more than 200 languages (including American Sign Language), provides
lesson plans, science kits, how-to videos and 45 unique experiments designed
for ages 10-18, such as electroplating coins, extracting DNA from a mystery
substance and purifying water.
Thermo Fisher’s African Heritage Employee Resource Group (AHERG) piloted
the V-Lab Program in 2019 at Urban Impact, an organization that has been
serving the youth of Pittsburgh, Pa.’s, North Side for 25 years, and Envision
Science Academy, a K-8 STEAM public charter school in Raleigh, N.C.
We also provide S2S with in-kind support. In 2018, S2S opened its Newark
Technology Center, which provides more than 32,000 students with accessto a commercial-grade laboratory where they work to investigate critical world
issues with the scientists who volunteer there. Thermo Fisher has provided
more than $1.6 million worth of laboratory equipment to support the Newark
center as well as a second facility in East Hanover, N.J.

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GLOBAL STEM DAY
Global STEM Day Impact

Encouraging and inspiring students in the primary and secondary gradelevels to engage in STEM activities is a core component of our community
engagement strategy. For the past two years throughout the month ofNovember, we held a campaign to drive STEM education outreach activities
as part of Thermo Fisher’s Global STEM Day (a nod to National STEM Day in
the U.S. on November 8). The goal of the campaign is to promote our STEM
education programs and encourage our colleagues to reach out to their local
communities and excite students about careers in STEM. Each year we featurea hands-on science activity that links to a specific Thermo Fisher careerthat any colleague can do at home with their own children or with a local
student group.

75+

STEM events

2,300+

Participating colleagues

6,400+
Volunteer hours

SCIENCE FESTIVALS
As part of our strategy to inspire primary and secondary learners in STEM
subjects, Thermo Fisher supports multiple science and engineering
festivals in cities where we have a large employee base including Boston,
Mass., Cambridge, Mass., San Francisco, Calif., San Diego, Calif.,
and Washington, D.C. These events are free to the public through the supportof corporate sponsorships and feature hundreds of hands-on STEM education
activities appropriate for the entire family. At the Thermo Fisher booth ourcolleagues provide festival attendees an opportunity to participate in hands-on
science activities that are part of our signature Innovation Nation program.

ANNUAL FILM FESTIVAL
For the past five years Thermo Fisher has entered the Boston College for
Corporate Citizenship International Film Festival with videos showcasing theimpact of our STEM education programs. As part of the competition, we
promote an internal voting campaign to share our video and help educate ourcolleagues on the STEM education programs available to them and the impact
they can have through their participation. In 2019, our video was named one ofthree finalists in the Large Company Category.
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WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESVolunteer Impact

Our strategy for community involvement relies on engagement at the local level
where we can have the most meaningful impact with our non-profit partners. We
foster volunteer-led Community Action Councils (CACs) at our sites around theworld, resourcing our colleagues so they may directly connect with their local
communities to provide rewarding volunteer and philanthropic support. Although
CACs are empowered to work independently, they are provided corporate
support including grant funding, tools and training. Each year we invite our CAC
Coordinators from around the world to a two-day summit where best practices
are shared around our collective effort to make a global impact. For this year’s
highlights of our CACs in action, refer to pages 12-13 of the Executive Summary.

Community Action Council growth

Volunteer hours donated tothe community

120+
110+

115,000+
107,000+

90+

87,000+59,500+43,900+38
33‘15 ‘16 ‘17 ‘18 ‘19‘15 ‘16 ‘17 ‘18 ‘19

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Get Involved Day Impact170+# Events

3,700+

Participating Colleagues

11,500+Volunteer Hours

GET INVOLVED DAY
Our largest annual volunteer effort is “Get Involved Day,” a day of service
encouraging colleagues across the globe to give back to their communities
with up to 8 hours of volunteerism. Activities are coordinated locally to support
charitable causes important to our colleagues, including STEM education events,
park and beach clean-ups, food packing events, and working with seniors
and children.

INTEGRATING BUSINESS WITH INVOLVEMENT
Each year, thousands of Thermo Fisher colleagues gather at hotels andconvention centers around the world to connect and set priorities for the coming
year. Many of this year’s meeting agendas included our community involvement,
and colleagues from a range of sites and businesses donated thousands ofvolunteer hours to their host communities as part of team building exercises.
At a Divisional National Sales meeting in Seattle, Wash., over 160 colleagues
stuffed backpacks full of school supplies to donate to the Rainer Vista Boys
& Girls Club of America. As a team building activity they also created artwork
which was donated to the club.

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WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESCOMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENTOur Giving

Our Mission is to enable our customers to make the world healthier, cleaner
and safer. One way that we fulfill our Mission is by being a socially responsible
community partner. Our giving strategy includes in-kind support, colleague
donations and university student scholarships.
Through our non-profit partnerships, we’re able to extend our reach andempower our employees to work with organizations that represent causes
they care about. Our philanthropic contributions and in-kind donations support
research in developing countries, disaster relief efforts and more. We also
help students pursue their career aspirations by funding university scholarshipprograms and providing in-kind donations which support cutting-edgelaboratory experiences for secondary and post-secondary learners.

Scholarship Programs
As part of our giving strategy, we have established two scholarship programs.
The first is a merit-based scholarship program for the children of our fulltime employees to encourage their pursuit of higher education and support
their academic goals. The Thermo Fisher Scientific Scholarship Program forChildren of Employees is a competitive program that provides financial grants
to eligible children who are pursuing a college degree. The program offers
renewable scholarships covering up to four years of full-time undergraduate
study leading to a bachelor’s degree (or equivalent) at accredited postsecondary institutions in the United States and United Kingdom.
Aligned with our focus on STEM education, our second scholarship programsupports students studying STEM subjects at one of our partner universities,
including University of California, Berkeley, and University of Wisconsin,
Madison, in the U.S., Imperial College London in the U.K., and Fudan University
in China.

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282

students supported throughThermo Fisher Scholarships

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Healthcare simply
isn’t an option
in many parts of
the world, either
because it doesn’t
exist or isn’t
affordable. We areable to serve thesecommunities
because of support
from companies
like Thermo Fisher
Scientific.”

Corporate Giving
We are uniquely positioned to offer support to those who make the world
healthier, cleaner and safer, but who don’t have access to cutting-edge
technologies. The instruments, consumables and services we donate toorganizations around the world benefit many causes, including supporting
researchers in developing countries, advancing research into personalized
medicine and promoting STEM education through laboratory experimentation.
Below we feature two of our partner organizations who, with our generous
support, are making the world healthier, cleaner and safer.

– Tom Velnosky,
International Programs,
Biomedical Systems Manager,
Mercy Ships

OUR PARTNERSHIP WITH MERCY SHIPS$3.3M

In ports around the world, Mercy Ships provides free medical care, including
life-saving surgeries, to people living in areas where medical care doesn’t exist
or isn’t readily available. Their floating hospitals bring volunteer medical teams
and sterile operating rooms directly to people who may otherwise go withoutcare. To serve communities around the world properly, Mercy Ships needs tomaintain state-of-the-art facilities.

Total In-kind donations in 2019

Over the past decade, Thermo Fisher has contributed laboratory refrigerators,
freezer units and consumables to Mercy Ships. In 2019, we also donatedour Thermo Scientific™ Smart-Vue™ Wireless Monitoring Solutions, allowing
Mercy Ships to monitor the performance of their refrigerators and freezer
units remotely.
“Mercy Ships came to us in 2013 with a need for safe temperature control
storage solutions for their ships. That initial conversation has led to a longstanding partnership between our two organizations,” “I’m really proud of the
support we’ve been able to provide. By giving back to communities that areunderserved, we are advancing our Mission – helping organizations like Mercy
Ships make the world healthier, cleaner and safer.” – Joe Arteaga, Director,
Connectivity, Laboratory Equipment Technologies.

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WHAT GUIDESGUIDES USUSOUROUR MISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESCOMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENTOUR PARTNERSHIP WITH SEEDING LABS
Seeding Labs believes scientific talent is everywhere and that too many
scientists lack the resources to reach their full potential. Thermo Fisher has
partnered with Seeding Labs since 2011 to provide essential equipment
donations benefiting researchers in the developing world. In 2019,
Thermo Fisher implemented a PCR (polymerase chain reaction) machine
trade-in program benefitting the Seeding Labs program. A PCR machine is
one of the most requested instruments from researchers receiving Seeding
Labs Instrument Access grants. During the trade-in campaign, customers
who upgraded their older model machines received free plastic consumables
and a two-year service warranty free of charge. Their older model machines
were then donated to Seeding Labs. Through this four-month promotion
Thermo Fisher was able to donate 29 PCR machines.
Dr. Gama Bandawe of the Malawi University of Science and Technology wasamong those talented scientists who received an Instrument Access grant. Heplans to use equipment donated by Thermo Fisher to research the HIV virus,
which has had a devastating impact in his country.

Products that Make an Impact
Over the past seven years, our Nalgene business, which manufactures
durable and reusable water bottles, has partnered with the non-profit
REVERB on a campaign to help eliminate single-use water bottles fromconcerts. Through the #RocknRefill campaign, Reverb worked withconcert artists and venues to create a custom bottle with proceeds fromthe sale of each bottle going directly to supporting environmental andsocial non-profit organizations selected by the artist or festival organizer.

363,000+#RocknRefill Nalgene
bottles donated$4.26M

Funds raised for charity

100+

Charities impacted

4M+

Single-use bottles diverted fromlandfill(Source REVERB: As of the end of 2019)

Colleague Giving
To promote the generous spirit of our colleagues, our Charitable Giving
Program provides a platform that allows them to easily contribute to causesthat they feel passionately about. Our colleagues can make direct donations
to a charity of their choice, create a fundraiser – mobilizing greater support fora cause – or contribute to a disaster relief campaign. Through our Employee
Matching Gift program, we help colleagues make an even bigger impact bymatching their contribution to eligible charities by 50%.

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Employee & matchinggift donations

2,000+

Non-profit organizations
supported through donations

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Environment
Our customers use our advanced technologies and services to make the world
healthier, cleaner and safer. We are partners with them in the ongoing effort
to reduce our collective environmental footprint. We are constantly searching
for ways to provide our customers with product alternatives that are lesshazardous, are more energy-efficient, create less waste or use sustainable
packaging and shipping materials.
Not only do we provide innovative solutions that help our customers meet theirown environmental sustainability goals, we’re also reducing our own impact
on the environment. By engaging our colleagues and leveraging our Practical
Process Improvement (PPI) Business System, we empower them to come up
with solutions to help reduce energy and water usage, waste, and emissions.

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Responsible Products

We are perpetually seeking new ways to provide our customers with themeans to achieve greater environmental stewardship. Our Mission is to enable
our customers to make the world healthier, cleaner and safer. Through ourportfolio of environmental analysis technologies, our customers are ensuring
a cleaner environment, while our Thermo Scientific™ Nalgene™ products
enable our customers to reduce their use of single-use plastics. Many of ourcustomers also find unique ways to utilize our products to address importantenvironmental challenges.
In line with our Mission, we strive to provide our customers with productalternatives that reduce waste and are less hazardous and more energy
efficient. We are also pursuing more environmentally sustainable ways to ship
our products, while upholding our stringent product quality standards.

Product Design
We continually evaluate our new and existing product lines to identify moreenvironmentally sustainable methods for producing and sourcing materials.
You can review our approach to evaluating and manufacturing greener productalternatives for our customers here.

COLD STORAGE SOLUTIONS FOR THE ENVIRONMENT
In 2015, Thermo Fisher made a pledge to the White House to reduce theuse of hydrofluorocarbons by transitioning our entire cold storage platform tomore environmentally friendly, natural refrigerants. This transition – the first of
its kind in the lab products industry – is currently in process and will continue
over a five-year period ending in 2020 to provide a 49 percent reduction in
CO2 emissions. In that same time period, we also plan to reduce the energy
consumption of these products by more than 50 percent and are on track formeeting this target by the end of the year.

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Thermo Fisher is an early adopter of the ACT label in partnership with My
Green Lab. This label is being used by scientists and procurement specialists
across the U.S. to help them make more informed purchasing decisions tofulfill their own sustainability goals. An acronym for “Accountability, Consistency
and Transparency,” ACT is designed to provide critical information on theenvironmental impact of lab products and help reduce the footprint of thelaboratories that produce them. In 2017, Thermo Fisher took part in the pilot
program, introducing ACT labeling to several of our Thermo Scientific™
consumable products. In 2019, we expanded our ACT product labeling to
additional Invitrogen™ consumable products. You can view the full ACT
database here.
Credit: My Green Lab

Packaging & Delivery
We also bring our environmental focus to improve how we pack and deliverproducts to our customers.

RETURNABLE PACKAGING SOLUTIONSThe ALLpaQ™ system*, a returnable packaging solution for the deliveryof bioproduction liquids, can help reduce packaging waste by 90 percent
and reduces associated carbon emissions by 51 percent, compared tosingle-use drums.

AMBIENT SHIPPING*

To minimize the environmental impact associated with packing and shipping
our products, we continually evaluate products that require cold shipment
to determine whether they can be shipped at ambient temperatures without
impacting product performance. Ambient shipping reduces the amount of
packaging, which reduces emissions, decreases waste, and eases handlingrequirements. As a result, each year we now ship 300,000+ fewer expanded
polystyrene (EPS) foam coolers and use 2,444 fewer metric tons of refrigerant.

The ALLpaQ trademark belongs to
ALLpaQ Packaging Limited.

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In 2018, we launched a 100 percent paper cooler for a portion of our cold
shipments. For decades, EPS foam coolers have been the preferred external
packaging for cold chain shipments, despite being notoriously difficult torecycle. The new, curbside-recyclable, paper cooler meets the thermal
requirements necessary to uphold our stringent product quality standards. It’s
the next step in our continued pursuit to find better ways to ship our products.
In 2019, we expanded the use of our paper coolers to additional distribution
centers in the U.S. and Europe impacting 130,000 shipments and eliminatingover 84,500 cubic feet of expanded polystyrene.

ION CHIP RECYCLING PROGRAM
This program provides customers a convenient way to recycle used Ion
Torrent™ chips. To recover valuable metals from these chips, we’ve partneredwith Metech Recycling, a certified e-stewards recycler. Recycling Ion chips
allows metals to be recovered, processed and recycled into the manufacturing
stream, which helps reduce additional mining of natural resources.

Service Solutions
We explore our customer service offerings to make them moreenvironmentally friendly.

PIPETTE TIP BOX RECYCLING PROGRAM
Through this program customers can purchase a cardboard box from us forrecycling used pipette tip boxes (regardless of the brand). Once filled, the box canbe shipped, free of charge, for the pipette tip boxes to be recycled. This benefits
our customers who may not have access to single-stream recycling programs.

SUPPLY CENTERS
A Supply Center by Thermo Fisher is similar to a digitized vending machine,which has the ability to store products at the proper temperature, allowing
immediate access to the on-premises supplies most frequently used byresearchers. With over 1,500 Supply Centers around the world, Thermo Fisher
partners directly with customers to provide customizable inventory management
solutions that improve a lab’s ability to maintain proper stock levels, control
costs, and eliminate approval delays. In addition to the flexibility of instantfulfillment, a Supply Center can also help make a lab more environmentallyfriendly. By consolidating restocking shipments, together with our customers wehave reduced packaging waste by almost 700,000 pounds annually.

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WHATGUIDESGUIDESUS
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OURMISSIONMISSIONOPERATIONSOPERATIONSCOLLEAGUESCOLLEAGUESOperations Optimization

As a responsible corporate citizen, Thermo Fisher is committed to protecting
the environment by minimizing our impact in the communities where we
operate. Leveraging our PPI Business System and our Environmental, Healthand Safety (EHS) Management System, we continually look for ways to improve
our processes, protect the environment and reduce waste. This commitment
inspires us to create a culture in which our colleagues are involved in piloting
process improvements that protect them and the environment, reduce theenergy and water we consume and the waste we generate. Thermo Fisher iscommitted to reducing emissions, releases and waste as a signatory to the
UN Global Compact and dedicated to transparency through participation in
CDP reporting. For more details, see our annual CDP disclosure on scope 1, 2,
and 3 emissions. Thermo Fisher is a legacy CDP responder, having responded
annually for over 10 years.
Thermo Fisher as the world leader in serving science has alignment with thescientific community’s findings on human contribution to climate change. We
are committed to reducing our carbon footprint and have set a target to reduce
our scope 1 and 2 emissions by 30% (over 2018 levels) by the end of 2030.
Our approach to achieving this target is anchored in the framework of processoptimization, built-environment efficiency and renewable sourcing. To readmore about actions we take associated with scope 3 emissions in our supply
chain, refer to Operations – Responsible Sourcing section.

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Corporate Social Responsibility

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COMMUNITIESCOMMUNITIESENVIRONMENTENVIRONMENTWHATGUIDESGUIDESUS
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Energy & Emissions
This change is expected toreduce the company’s carbon
footprint by overIn 2019, Thermo Fisher’s global energy management team worked withsites across the U.K., in collaboration with our energy vendor, to negotiate
the purchase of 100% renewable energy for the majority of our sites in thatcountry. By October 1, 2019, all enrolled sites were transitioned to renewableenergy through their utility.

7,000

metric tons of CO2 annually
starting in 2020.

Over the course of 2019, our site in Scoresby, Australia, updated all 1,642 lights
in their facility, including office, parking, and warehouse lighting, to energyefficient LED light fittings. This change will not only impact the amount ofenergy used to light the facility, but also decreases the energy used in hotter
months to cool the facility, since LED lighting produces less radiant heat thanthe previously installed fluorescent tube lighting. Additional changes include
the installation of motion-activated sensors for areas infrequently used, such as
stairwells and meeting rooms.

In total, the site anticipatesthese changes will reduce theirgreenhouse gas emissions byapproximately

167

metric tons annually, theequivalent of planting over
2,700 trees.

26

Total LED Lighting retrofit
projects across the company.

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Corporate Social Responsibility

thermofisher.com

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Waste & Water
OUR JOURNEY TO ZERO WASTE
Number of Zero Waste sites
Our Zero Waste program focuses on closely managing our waste streams at
the site level, where we work to reduce the amount of waste we generate andsend to landfill while lowering our operating costs. We define “zero waste” asdiverting 90 percent or more waste from landfill through reuse, recycling and,as a last resort, incineration, when used to generate energy.

26(Increase of 100% over 2018)

Through our Zero Waste Playbook, we provide our sites guidance for working
toward ”Zero Waste” certification through a five-step process which engages
our colleagues to implement changes in processes and procurement tominimize waste.
In 2019, our distribution sites in North America performed waste audits to
identify opportunities to drive down the amount of waste generated within theiroperations. Managers at these locations meet quarterly to share best practices
and report on their current status, ensuring continued progress.

GLOVE AND GARMENT RECYCLING PROGRAM
Much of our extensive research and development and production work must
be conducted in sterile environments requiring the use of disposable gloves
and garments. To reduce the impact of these operations, we recycle gloves
and single-use apparel so they can be turned into the raw materials used tocreate eco-friendly consumer products and durable goods.

WATER
Although our water usage increased slightly in 2019, Thermo Fisher remains
committed to explore ways to minimize its operations impact on the planet’s
water resources. For instance, we used the World Resources Institute’s
geolocator tool, standard for CDP measurement, to confirm we do not operatewater intensive operations in water scarce regions.

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Corporate Social Responsibility

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170+

Tons of gloves and garments
recycled since 2012

ience reagents • real-time PCR technology • capillary electrophoresis • sequencing • microarray technology • clinical chrom
ryo-electron microscopy • molecular spectroscopy • elemental analysis • clinical diagnostics • microbiology • transplanl vector services • bioscience reagents • real-time PCR technology • capillary electrophoresis • molecular products • cruments • process instruments • cryo-electron microscopy • molecular spectroscopy • alergy, asthma and autoimmunity
vices • clinical trials services • viral vector services • bioscience reagents • real-time PCR technology • cell culture media
ironmental instruments • process instruments • cryo-electron microscopy • biomarker testing • immunodiagnostics • allerg
ell culture media technologies • microbiology The world leader in serving science cell culture media • rapid molecular pr
rumenof-abuse testing • therapeutic drug monitoring • biomarker testing • immunodiagnostics • allergy, asthma and plroarray technology • clinical next-generation sequencing • single-use bioproduction • technologies • cell culture • life scienrugs-of-abuse testing • therapeutic drug monitoring • biomarker testing • water analysis instruments • laboratory plastic
roarray technology clinical next-generation sequencing • gas chromatography • elemental analysis • life sciences mass sp
rapeutic drug m ealthcare market channel • laboratory equipment • water analysis instruments • laboratory plastics • labor

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