Sciencefor Goodness
2024 Sustainability ReportSciencefor Goodness

Table of contents

2024 Sustainability Report

Introduction

3

Community Engagement

From our CEO

3

Taking action to build a better world

32

Board statement

4

Avantor Foundation

33

Our mission, vision & values

5

Enabling employee giving

35

2023 financial performance snapshot

62023 sustainability highlights

7

Science for Goodness

8

Governance & Integrity

37

Materiality

9

Sustainability oversight and management

38

Engaging our stakeholders

9

Instilling Science for Goodness

39

Promoting ethics and integrity

40

10

Responsible supply chain management

41

Risk management and regulatory compliance42

Empowering people to help create a better world

11

Product safety and compliance policies

44

Creating a culture of innovation and inclusivity

12

Caring for our associates

19

Appendix

45

23

About this report

45

Data summary

46

People & Culture

Innovation & Environment

2024 Sustainability Report | 2

31

Advancing sustainability from discovery to delivery

24

SASB Index

49

Environmental sustainability in our operations

25

TCFD disclosures

54

Creating a sustainable future with smart solutions

29

From our CEO
Sciencefor Goodness

At Avantor, our mission of setting science in motion to create a betterworld comes with a deep sense of responsibility. When you visit oursites around the world and speak with our associates, you will see ourcommitment to serving our customers and communities in action and
we are holding ourselves accountable for operating sustainably.

Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

I am grateful for our Avantor associates’ many contributions toour business and our sustainability initiatives, and I am pleased toshare that, as a Company, we made meaningful progress against
our Science for Goodness pillars in 2023. Below are a few highlights
which are discussed in greater detail in this report.

• We achieved our 2025 greenhouse gas reduction goals two years
early and set new 2030 science-based climate targets. In 2023,
the team completed 20 climate-related projects.

• In 2023, we launched our Avantor Scientific Advisory Board

which steers our innovation agenda. Across our R&D efforts andour Innovation Centers, we are focused on creating solutions
for our life science customers while supporting environmental
sustainability. One example of this approach is our recently
launched J.T.Baker® Viral Inactivation Solution, which addresses
customers’ desire for regulatory-compliant and non-toxic
alternatives to Octoxynol-9, a chemical widely used in cell lysis
processes that has been found to be toxic to aquatic organisms.

• Last June, we launched Avantor’s Responsible Supplier program

globally to embed sustainable practices across the supply chain.
By year-end 2023, suppliers accounting for more than 45 percent
of our total spend had enrolled in the program. To measure
improvement in our suppliers’ sustainability performance overtime, we developed key performance indicators and are analyzing
data to understand areas of opportunity and identify solutions.

• Our Avantor associates gave nearly 10,000 hours of

their time volunteering to improve health outcomes, STEM
education and more in our communities last year. Our new
Dollars for Doers program supports these efforts by providing
a financial contribution to nonprofit organizations where ourassociates volunteer.

2024 Sustainability Report | 3• Across our organization, we are working to create an

inclusive environment where all our team members canthrive. It was encouraging to see our efforts recognized by
the Human Rights Foundation, which awarded Avantor aperfect score on its 2023 Corporate Equality Index thatmeasures LGBTQ+ workplace equality. We are continuing
to advance this commitment, and in March 2024, I signed
the Disability:IN CEO letter as part of Avantor’s support forprioritizing policies and programs that enable our associateswith diverse abilities to contribute to the fullest.

I am proud of the progress that we have made over the past year
and look forward to building on this foundation in the year ahead.
Thank you.
Michael Stubblefield, CEOAbout Avantor
At Avantor, we are committed to driving innovationand excellence, supporting our customers every
step of the way in their pursuit of groundbreaking
scientific achievements.

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

Board statement
Avantor works side by side with customers to solve some of the toughest scientific challenges facing global communities today.
Our commitment to sustainability remains core to our long-term growth strategy and the value we deliver to stakeholders. In
2023, we continued to instill sound corporate responsibility practices across our business, including setting new science-based
climate targets and expanding our Responsible Supplier Program globally.
Avantor’s Board of Directors champions Science for Goodness in collaboration with the Company’s senior leaders. By requiring
accountability for measurable actions, we ensure that Avantor succeeds as a company while positively impacting the world.

“Our independent Board of Directors
brings more than 200 years of cumulative
experience in the life sciences and healthcare
industries that guides the Company’s pathforward. On behalf of the Board and ourassociates around the world, we are proud ofAvantor’s role enabling innovation and bringto our work an unwavering commitment tocreating a healthier, more sustainable world.”
Jonathan Peacock, Chairman of the Board of Directors

2024 Sustainability Report | 4

We are a leading global provider of mission-criticalproducts and services to customers in the life
sciences and advanced technologies industries
that create innovations such as biologic therapies,
medical implants and consumer electronics.
Our robust portfolio is used in virtually every
stage of the most important research, development
and production activities at more than
300,000 customer locations in 180 countries.
Our global team of more than 14,500 associates
is committed to our mission of setting sciencein motion to create a better world. Together,
we collaborate with the scientific community
to understand their challenges and to identify
solutions that help them efficiently and safely bringinnovations to market. From early-phase discovery
to commercial delivery, we empower customer
innovation with our proven expertise, a robust
portfolio of products and productivity-enhancing
services. Our focus on delivering the highestquality customized materials for highly regulated
applications supports critical biologics platforms,
including monoclonal antibodies (mAbs), genetherapies and other cutting-edge modalities.
To better serve our customers worldwide, wehave strategically invested in our manufacturing
capacity, supply chain and digital capabilities todrive efficiencies, support innovation and position
the Company for future growth. For example, we are
doubling the size of our Bridgewater, N.J. innovation
center, a core hub for collaboration with our biotech
and biopharma customers.

OUR MISSIONO U R VA L U E S

Our ICARE values are the principles that guideand focus Avantor’s strategy
Innovation — We know that the best ideas come from the collaborationof diverse perspectives. We empower all associates to explore andcontribute ideas that elevate our product and service solutions. We
welcome feedback that challenges our thinking and helps us grow. By
collaborating with our industry partners, we improve scientific outcomes.

Sciencefor Goodness
Introduction
People& Culture

We set science in motion to create a better world.

Innovation& Environment
Community
Engagement

OUR VISION

Governance& Integrity

Customer Centric — Everything we do begins with actively listening
and collaborating with our internal and external customers. By
understanding their challenges and aspirations, we proactively identify
solutions that address their current and future needs.

Accountability — We hold ourselves accountable for delivering on our
promises to our customers, suppliers, stockholders and colleagues toachieve our shared goals. This includes our commitment to meeting the
evolving needs of our customers, suppliers, associates, communities andthe environment.

Appendix
Respect — We work to build an inclusive culture by seeking to understandeach other’s experiences and celebrating our diverse backgrounds. We
treat others with dignity and operate with the highest level of integrity.
Whether working with internal or external partners, we act as one teamand always assume others have good intent.

From discovery to delivery, we are a trusted
global partner of mission-critical products andservices for customers and suppliers in the life
sciences and advanced technologies industries.
2024 Sustainability Report | 5

Excellence — We never settle for the status quo. We constantly strive
to achieve the highest levels of safety, quality and service. Our passion
for continuous improvement is embodied by every associate, the results
we achieve together and the support we provide to our customers.
We do our best when we welcome diverse perspectives and work
collaboratively to find solutions.

AVA N TO R 2 02 3 F I N A N C I A L P E R FO R M A N C E S N A P S H OT

We are well-positioned for growth and serve customers across the globe in four end markets:
Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment

Biopharma

Advanced Technologies& Applied Materials

Education& Government

Healthcare

Community
Engagement
Governance& Integrity
AppendixAvantor’s global footprint
offers extraordinarycustomer access~7.5x revenue per innovation dollar spent in 20233~90% self-manufactured production content
specified into customers’ products or processes#1 / #2 global materials provider in bioprocessing>$85B total addressable market1
Based on management estimates
Based on FY 2023 results.
3Management estimate for bioprocessing
based on revenue in 2023 from new products
introduced over the past five years andinnovation spend in 2023
4
See “Non-GAAP Financial Measures” and“Reconciliations of non-GAAP measures” inour 2023 annual report for a discussion andcalculation of non-GAAP measures

2024 Sustainability Report | 6$6.97B2 reported revenue$1,309M4 adjusted EBITDA$724M4 free cash flow
~14,500 total associates#1 / #2 global partner for laboratory consumables

Americas~60% of revenue from biopharma andhealthcare end markets2

Serve customers in 180 countries

Europe~85% of recurring revenue from materials,
consumables and services2

Extensive regulatory expertise 790+
Master Access Files

1

2

FULL YEAR$4,072M reported revenue$2,420M reported revenue
AMEA$475M reported revenue

AVA N TO R 2 02 3 S U S TA I N A B I L I T Y H I G H L I G H T S

Sciencefor Goodness
Introduction

9,880+

volunteer hours logged
by Avantor associates1

AWA R D S & R EC O G N I T I O N S$1.2M+

100 on the Human
Rights Campaign
Equality Index

in Avantor Foundation grants
EcoVadisBronze Medal

People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity

100%

Appendixof associates received
performance reviews

This includes Company volunteer
activities, Dollars for Doers
volunteering and Volunteer
Time Off (VTO) logged.
2
Data reported in metric tonsof CO2 equivalents representing
61 sites globally.

340+

1

2024 Sustainability Report | 7

suppliers enrolled in our
Responsible Supplier Program

16.7%

total reduction in Scope 1
and Scope 2 GHG emissions
since 20192

11.7%

customer spend rate
on diverse suppliers“Best Safety TeamAward“ from Novartis
for our onsite service
team in China
Silver certificationfrom the Sweden Green
Building Council for our
distribution center inÖrebro, Sweden
DGNB Gold award for
Sustainability for our
EnEV-certified
biorepository inFrankfurt, Germany

Science forGoodness
Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

Based on 2019 emissions
baseline reported in metric tonsof CO2 equivalents representing
61 sites globally.
2
Based on 2020 emissions
baseline reported in metric tonsof CO2 equivalents.
3
High priority defined as highrisk, high impact or strategic
supplier partner.
12024 Sustainability Report | 8

Our Science for Goodness sustainability strategy is at the coreof our commitment to deliver long-term value to our customers,
associates, suppliers, communities and stockholders. The four-pillar
strategy provides the foundation for our diverse and inclusive
culture, innovative product solutions, environmental responsibility,commitment to our communities and unwavering ethical standards.
Led by our Executive Leadership Team and Board of Directors
and driven by our global associate population, our daily actionsalign with our ICARE values and work to embed our Science forGoodness strategy throughout our business and drive measurable
progress towards our sustainability goals. To further ensure ourcommitment to sustainability, we align our pillars with five UN
Sustainable Development Goals (SDGs), which help focus ourefforts on areas where Avantor can create the most impact.
Avantor’s culture of continuous improvement means we celebrate
our achievements, acknowledge the ongoing work ahead andhold ourselves accountable for building on our progress, including
advancing our Science for Goodness platform across all aspects ofour business. By integrating sustainable practices throughout ouroperations, we ensure our continued success as a company andour positive impact on the world around us.

“As part of our commitment to set
science in motion to create a betterworld, we remain focused on executing
on our Science for Goodness strategy
and delivering real sustainable
solutions to our customers.”
For more on our sustainability commitments,
listen to our interview with Michael Stubblefield,
Director, President and CEO

2024 Sustainability Goals and Progress
PillarGoals

People & Culture

IN PROGRESS

Expand inclusive recruitment strategies toincrease management diversity

IN PROGRESS

Achieve top health and safety performancewithin the industry

IN PROGRESS

Reduce Total Recordable Incident Rateby 25% by 2025

Fostering a high-performing,
inclusive company culturethat focuses on safety
and wellness and enables
associates to achieve
their aspirations throughboth opportunity anddevelopment.

Innovation &Environment
Producing and delivering
products responsiblyand ethically; leveraging
innovation to uphold oursustainability initiatives.

SDG Alignment

ACHIEVED

Reduce absolute Scope 1 and 2 GHG
emissions by 15% by 20251

NEW

Reduce absolute Scope 1 and 2 GHG
emissions by 50% by 20302

NEW

Reduce absolute Scope 3 GHG
emissions by 25% by 20302

Community
Engagement

IN PROGRESS

Expand STEM education programs forunderserved high school students

Making a positive, lasting
impact on the communities
where we live and work.

IN PROGRESS

Support a healthier society by addressing
inequalities and improving health outcomesIN PROGRESS

Increase associate volunteering

Governance& Integrity
Driving ethical andcompliant behaviors
across our organizationand supply chain; protecting
our stockholders throughstrong governance policies
and practices.

ACHIEVED

Launch Responsible Supplier ProgramNEW

75% of suppliers by GHG emissions tohave a validated near-term Science Based
Targets initiative (SBTi) target by 2030

NEW

All high priority supplier partners to be
above relevant industry average EcoVadis
score by 20303

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

1

Topics are listed in alphabeticalorder and do not denote orderof importance.

Materiality

Avantor’s double materiality topics1

Avantor’s passion for continuous improvement drives everything
we do. Our first materiality assessment in 2021 helped us to identify
the environmental, social and governance (ESG) topics most
relevant to our Company. Building on that effort, we conducteda “double materiality” assessment starting in 2023, which reflects
our maturing sustainability strategy and the constantly evolving
landscape of sustainability reporting and stakeholder expectations.
The process involved:

Climate change adaptation and mitigation

Resource use and product lifecycle management

Community impact

Water pollution

Inclusive and diverse workplace culture

Workforce and human rights• Analyzing topics identified by relevant regulation, including the

Corporate Sustainability Reporting Directive (CSRD) and the
topics and subtopics included in the European Sustainability
Reporting Standards (ESRS) disclosures, other relevant ESG
frameworks and standards and various external ESG assessments
to determine relevant topics and subtopics• Interviewing key internal and external stakeholders to understandtheir sustainability priorities• Taking these inputs to conduct an extensive assessment offinancial and impact opportunities and risk using establishedexternal criteria and internal criteria and thresholds to determine
our priority topics.

We are now finalizing our updated double materiality assessment
to prepare for forthcoming regulations and ensure our readinessto comply with CSRD requirements. Based on the current stageof this assessment, we have identified the topline sustainability
topics that most affect our value creation and offer Avantor thegreatest opportunity to have a positive impact on our stakeholders,the economy and the environment. The results of this assessment,
which will be shared in more detail in future reports, are in linewith expectations and will build on efforts we’ve taken andcommunicated to advance our sustainability strategy.

Engaging our
stakeholders
The way we conduct business directly reflects Avantor’svalues. We believe in inclusion, sustainable practices, promoting
ethical behavior, ensuring compliance and strengthening ourlong-standing relationships with our associates, customers,
investors and suppliers. This close collaboration and engagement
ensures our high standards are upheld throughout our value
chain. These actions both shape our sustainability priorities andhelp us to achieve them.
Associates — We are dedicated to cultivating an inclusive culturethat enables each associate to be their best, pursue their careergoals, effectively support the industries we serve and make apositive impact. We facilitate open communication between
associates, managers and senior leadership by conducting
regular Avantor Engagement Surveys and associate listening
sessions. These tools help us gauge our associates’ perceptionof their work experience, better understand their workplacepriorities and address their concerns.
Customers — Our customer-centric values are evident in the strong
relationships we have cultivated with our over 300,000 customer
locations worldwide. We have developed a deep understanding of
our customers’ unique challenges and aspirations through active

2024 Sustainability Report | 9

listening and collaboration, and our solutions empower them toadvance science, tackle complex challenges and achieve theirbusiness and sustainability objectives.
Investors — We engage our investors through frequent, proactive
communication and collaboration through our stockholder
engagement program. This initiative includes various forums,
such as quarterly earnings discussions, investor conferences andindividual meetings. Our Executive Leadership and the Board
regularly review investor feedback and use this valuable input inour corporate decision-making processes. In 2022, we establisheda process to proactively engage with investors throughout the year
on ESG topics to gain insight into their ESG priorities. We continued
these engagements in 2023 and held meaningful conversations
on a range of topics including diversity and inclusion, our climatechange strategy and goals and board composition and oversight.
Suppliers — Our long-standing supplier relationships—manyof which have been in place for more than 20 years—help us
serve the life sciences and advanced technologies industries withmission-critical products and services. We carefully select our
suppliers to ensure our products meet our customers’ performance,
quality and regulatory requirements. We expect our suppliers tohold themselves to the same high standards we hold ourselves toand to comply with our Responsible Supplier Code of Conduct.
Because these relationships are also key to achieving our longterm sustainability goals, we launched our Responsible Supplier
Program in 2023, further enhancing our engagement andcollaboration with suppliers.

Sciencefor Goodness
Introduction
People& Culture

People & Culture

Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

As a leading global supplier of mission-critical products
and services enabling biotechnology and healthcare
solutions, our diverse global team of skilled professionals
drives Avantor’s mission to set science in motion tocreate a better world. Around the globe, more than
14,500 Avantor associates innovate, collaborate andinspire each other to advance life-changing science.

2024 Sustainability Report | 10

I N T H I S S EC T I O N

Empowering people to help
create a better world

11

Creating a culture of innovationand inclusivity

12

Caring for our associates

19People & Culture

Sciencefor Goodness

Empowering people tohelp create a better world

I M PAC T AT A G L A N C E

Achieved Human Rights
Campaign Equality Indexscore of 100

Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

1,000+G OA L S

Expand inclusive recruitment strategies
to increase management diversity
Achieve top health and safety
performance within the industry
Reduce Total Recordable
Incident Rate by 25% by 2025

job posts reviewed
to ensure inclusive hiring

25%

of associates participate
in Associate-Centric
Teams (ACTs)

0.43

Total Recordable
Incident Rate

2024 Sustainability Report | 11

Creating a cultureof innovation andinclusivity
Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity

We believe creating a corporate culture where every associate feels
valued and supported not only enhances the associate experience,it also enables organizational agility. While we do not discriminate
in hiring on the basis of sex, gender identity, sexual orientation,
race, color, religious creed, national origin, physical or mental
disability, protected Veteran status or any other characteristic
protected by federal, state or local laws, we seek to expand our
inclusive recruitment and retention strategies in order to reachthe broadest candidate pool from which we recruit for all levelsof our organization. In 2023, we made progress in our efforts tostrengthen Diversity, Equity and Inclusion (DE&I) at all levels of theCompany. We advanced our Science for Goodness aspirationsof representation through reviewing over 1,000 job posts andrevising for inclusive language to ensure equitable talent attractionand encourage diverse applicants. Moreover, our continued
commitment to reach out to the lesbian, gay, bisexual, transgenderand queer (LGBTQ+) community earned Avantor a score of
100 on the Human Rights Campaign Equity Index, a national
benchmarking tool that measures corporate policies, practices
and benefits pertinent to LGBTQ+ associates.

Appendix1

Data excludes associates who “do notwish to self-identify” and merger andacquisition profiles that require further
demographic data harmonization.

Avantor EEO
statement
2024 Sustainability Report | 12

We also made progress in terms of the overall recruitment experience.
We decreased the global average recruitment time by 17% andincreased offer acceptances by 3%. Additionally, we launched
Talent knows Talent!, our first global associate referral program,which rewards our associates for helping us find the best candidates.

Associates by gender1
Female45%

MaleFurthering our aim of empowering our associates to grow theircareers, we expanded our skill-building program offerings and saw
a 144% year-over-year increase in associate participation in live andon-demand training courses.

Enhancing diversity, equity,
inclusion & belonging
We strive to cultivate a workplace environment that fosters mutual
respect and diversity of thought, celebrates the unique qualities ofeach individual, and enables all of our associates to be their true
selves and feel equally involved and supported. Our DE&I strategy
furthers our principles through policies and programs, including
measurable leadership accountability for our culture of belonging,which we assess based on metrics of inclusion and engagement in
our People Pulse surveys to associates.
We are building towards leadership representation that reflects therich diversity of the global customers we serve. Our efforts to build an
inclusive culture and partner with diverse recruitment organizations
yielded a 5% increase in historically underrepresented ethnicities
candidates applying for Director and above positions in 2023.
We saw a decrease in female Director candidates in 2023, which,along with reduced overall hiring volumes, contributed to a steadystate of female representation year over year. To continue making
progress, we put a comprehensive cross-functional action plan inplace in 2023. The plan expands recruitment channels, using external
supply market data, and retention efforts geared toward women at
the Director level and above, which included a dedicated focus groupfor female leaders and people manager training on microaggressions.
Pay equity is another core component to our DE&I strategy.
We complete pay equity audits by country specifications eachyear and will continue to do so in accordance with local laws andregulations. In order to ensure global due diligence, we onboarded
a new, third-party software tool in 2023 that enables us to more
precisely analyze and manipulate the data by different classifications
across job profiles and regions. This tool facilitates continuous analysis
as opposed to a single point in time. The additional functionality
ensures real-time attention and rigor and answers the call from our
Board to advance our pay equity audits.

55%

Associates by region
Americas45%Europe

37%

AMEA

18%

Racial / ethnic grouprepresentation of U.S. associates
White

52%

Hispanic or Latino

22%

Black or African American

12%

Asian

9%

Two or More Races

3%

Ethnicity Not
Specified or Other0%35.9%

Percentage of Women in Leadership Positions

Sciencefor Goodness

Women in management positions, by level
FemaleIntroduction
People& Culture
Innovation& Environment

Male

Executive Leadership1

36.0%

64.0%

Leadership2

37.0%

63.0%

Individual Contributor3

47.0%

53.0%

Community
Engagement
Governance& Integrity
Appendix“Executive Leadership” is defined as
VP level and above.
2“Leadership” positions are defined as
manager and above and positions that
contain a supervisory organization ormore than one direct report.
3“Individual Contributor” positions
do not have a supervisory organization
or direct reports.
1

2024 Sustainability Report | 13

Racial / ethnic group representationof U.S. management, by level

Asian

Executive
Leadership1

Leadership2

Individual
Contributor 3

7.5%

12.5%

8.7%

DE&I leader toolkit
To further increase a sense of inclusion across all regions andteams at Avantor, we introduced a DE&I Leader Toolkit in 2023.
Created in response to associate and leader feedback, thisresource includes 17 simple ways to integrate inclusion into
the daily work experience and improve team members’ senseof belonging and connection. Avantor’s DE&I Office launched
the Toolkit in April, with a live training attended by more than
1,300 leaders from across the organization.
The Toolkit also includes strategies shared by global leadersacross Avantor, who relate how intentionally focusing on inclusion
has impacted their team’s engagement, performance andretention. These examples demonstrate how small, intentional
steps taken by leaders can have a big, lasting impact on theirteam members’ sense of inclusion and importance.

Black or African
American

6.3%

5.0%

15.8%

Hispanicor Latino

8.8%

7.9%

29.7%

White

73.7%

70.5%

41.6%

Associate-Centric Teams (ACTs)

Two orMore Races

3.8%

3.6%

3.2%

Ethnicity Not
Specified / Other

0%

0.3%

0.1%

Since our first ACTs formed in 2020, leaders and associates acrossAvantor have embraced this inclusion program and fueled its
continuous growth. Our version of Employee Resource Groups(ERGs), Avantor’s ACTs provide associates across our organization
with opportunities to elevate their individual voices and deepen
their understanding of others’ lived experiences and perspectives.

Sponsored by Executive Leadership Team members and supported
by leaders across the organization, our ACTs aim to elevate thevoices of Avantor associates, highlight the concerns of the ACT
communities and further promote respect and inclusion in theworkplace. Currently, our eight ACTs include: Avantor Latinos
Moving Ahead (ALMA) ACT, Diverse Abilities ACT, Global Black ACT,New Professionals ACT, Pan Asian Middle East ACT, PRIDE Network
ACT, Women in Business ACT and VETS ACT. Our ACTs are open
to all associates regardless of self-identification with any of therepresented communities. Learning about allyship and fostering
inclusion for all is the outcome of our ACTs efforts.
The growth of our ACT program continued in 2023, leading us
to reach an important milestone: 25% of our total associate
population now participate in one or more ACT, the industry
benchmark for ERG participation. This growth is due in largepart to the efforts of our ACT Officers—associate volunteers
who serve in the program’s various leadership roles. Working
closely with Engagement Committees and site leaders, ACT
Officers organized 30 on-site events in 2023, with more than 1,200
associates participating in activities that celebrated diversity andincreased cultural competency. These events included celebrationsof Juneteenth, Hispanic Heritage Month, PRIDE Month and theLunar New Year, while others provided education on topics,
such as Disability Inclusion, Breast Cancer Awareness, Bridging
Generational Gaps and Understanding the Veteran’s Experience.

DE&I engagement

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement

The first step to developing programming, resources andleadership inclusion strategies is understanding the compositionof our workforce. For this reason, Avantor expanded ourSelf-Identification Platform to 10 additional countries in 2023,
offering even more associates the opportunity to voluntarily
provide information such as gender identity and pronouns,
ethnicity, sexual orientation and disability and military status.
Since the 2021 launch of the platform, 21% of Avantor’s global
workforce has completed a profile.
In 2023, we also required training focused on associateunderstanding of Avantor’s DE&I commitment and how everyone
has a role to play in our culture of inclusion. The collaborative
nature of our DE&I efforts is embodied in the regular
opportunities we provide for associate learning and expression.
In 2023, our DE&I Office held face-to-face listening sessions in
19 different locations across eight countries, engaging associates
in conversation and providing information about Avantor’s DE&I
commitments and ACTs. This year’s sessions were held primarilyin Europe, with the aim of expanding awareness and allyship in
the region. More than 800 associates participated in the eventsand 83% of attendees signed up to join one or more of our ACTs,
exceeding the original goal by 50%.

A key component of Avantor’s DE&I strategy, the feedback received
at these sessions directly impacts future programs. Since 2021, our
DE&I Office has had face-to-face feedback sessions with more than
3,500 associates at 25 locations in 13 countries. The Office also holds
monthly online DE&I discussions, engaging more than 1,300 associates
in 2023 in candid conversations on a variety of topics. Participation inthese forums, which covered topics such as allyship, cultural traditions
and self-identification, more than doubled from 2022 to 2023.
Additionally, we offered Safe Space Conversations in response
to current events that had impacted marginalized communities.
The response to these sessions was overwhelmingly positive,
underscoring the importance of creating spaces where people
can share how they are feeling, learn from each other and feel
supported. As we continue to extend the reach of our DE&I
efforts, these open feedback forums and associate DEI programs
also provide an opportunity to incorporate “Belonging” into
our programs. The concept of “Belonging” involves building
psychological safety and fostering inclusion through times oftransformation. Going forward, our Diversity, Equity, Inclusion andBelonging (DEI&B) programming will enable us to further enhance
the associate experience and demonstrate the business impact
of inclusion. The expanded DEI&B mission will also include ourSupplier Diversity Program to facilitate programmatic efficiencies
and improve strategic alignment.

Governance& Integrity
Appendix
Our ALMA ACT celebrated Hispanic
Heritage Month by hosting a webinar
focused on Latino Americans inbaseball. The event featured baseballhistorian John Delgado, who spokeon the life, career and charity work of
baseball legend Roberto Clemente.
Team members from around theglobe listened to Mr. Delgado speak—including at seven locations that live
streamed the event —and wore theirfavorite team jerseys.

2024 Sustainability Report | 14

Our Global Black ACT hosted an online
forum to celebrate the cultural andhistorical significance of HistoricallyBlack Colleges and Universities (HBCUs).
Hosted in October, during Homecoming
season, the event included informationon the history of HBCUs in the UnitedStates, their cultural influence and theircontinued relevance today. Participants
were invited to wear their alumni gearand share stories of their HBCU pride.
Additionally, the ACT partnered with ourGiving Goodness program to create alist of HBCUs and relevant organizations
to donate to and with our Talent teamto encourage the recruitment of HBCU
students and graduates.

Supplier diversity

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

1

North American spend only.

Our commitment to diversity extends beyond our workforce to include
the businesses and organizations with whom we partner. Since
launching our Supplier Diversity Program in 2011, we have worked hardto fulfill our commitment to inclusivity of supplier contracts, supporting
the growth and mentorship of nearly 1,200 businesses representing
16 diverse business classifications, including businesses owned byunderrepresented racial and ethnic groups, women, disabled persons,veterans and economically disadvantaged persons. By doing so,
Avantor not only contributes to economic equity in the communities
where we work, we also enhance product choice for our customers
and increase our business opportunities.
At Avantor, we are proud of our local and regional efforts, which havecontributed to economic growth in our communities. In 2023, we
continued to advance our supplier diversity efforts through industry
collaborations and regional affiliations. We saw particularly significant
progress in Texas, where we increased projects in historicallyunderserved businesses (HUBs) by over 25%.
Avantor remains a proud member of the National Minority Supplier
Development Council (NMSDC), the Women’s Business Enterprise
National Council (WBENC), the Diversity Alliance for Science (DA4S)
and other regional affiliations. Through our engagement with the
NMSDC Healthcare Industry Group — a consortium of supplier
diversity and procurement subject matter experts— we continue
to shape and align best practices and policies. We have also
partnered with Supplier IO, an industry-best data platform usedby many of our customers and industry-leading global companies,
to enrich our data integrity and tools and to simplify, automate
and innovate in our tier two reporting.

11.7%

Customer Spend Rate on Diverse Suppliers1

2024 Sustainability Report | 15

Top 5 diversity categories of suppliers1
Small Business

Women-owned (included in diverse)

Small Disadvantaged

Veteran-owned

Minority (included in diverse)

Win-Wins with Diverse Suppliers
By helping our customers meet their diverse
sourcing goals, we are also able to drive
positive economic impact in the communities
we jointly serve. In 2023, in Avantor’shometown of Philadelphia, our innovative,
long-term partnership with EMSCO Scientificenabled the multi-diverse classified firm to
cut the ribbon on a three-story warehouseand service center. EMSCO was able to hirefrom a historically underserved, economicallychallenged neighborhood and increase
its product offerings to regional and local
customers, including schools and hospitals.
Throughout North America, the Avantor
Supplier Diversity team has continued toleverage mentorship and multiple solutions
to enable HUB firms to thrive, hire and grow.

Reaching future associates

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

We strive to attract associates who share our passion for discovery andfor setting science in motion to create a better world. To further engage
and attract top talent, our Global Talent Acquisition Team (GTA) launcheda multi-year Talent Attraction Strategy in 2022, which made great strides
in its second year by emphasizing Avantor’s positive employer brand,
partnering with recruiters that align with our DE&I strategy, using job
boards that reach broad audiences to attract diverse candidates fromall backgrounds and utilizing a skills-based recruitment approach.
In 2023, we decreased the global average recruitment time by 17%,
shaving 12 days off the process by year-end and helping to place top
talent into critical roles faster. We also increased offer acceptances
by 3%, bringing our acceptance average to 92%. In total, Avantor
hired 3,342 new associates in 2023.

Expanding recruiting strategies
Avantor’s commitment to diversity and inclusion begins with thecandidate sourcing process. 2023 marked another strong year
in diversity recruitment, particularly through outreach to college
graduates in the AMEA countries where we operate. Avantor held
sessions at 12 universities throughout India in February 2023, resulting
in more than 1,800 applications and an 82% diverse candidate slatefrom the selected population. It also provided a great opportunity
for female recruitment, with women representing more than 40% of
the candidates hired. This diverse pool of candidates feeds a strong
pipeline for our Avantor Business Centers, with skills focused within
the Life Sciences, Accounting and Customer Service job groups.
Additionally in 2023, to reach a larger number of candidates in boththe LBGTQ+ and neurodiverse communities, we partnered with adiversity recruitment technology company. We also launched apilot training program for GTA team members and a select groupof managers, which included strategies for helping neurodiverse
candidates interview successfully.

New hires by age and gender
FemaleNew hires by age and region

Male

AMEA

Americas

631
880

525 533
431

645
526

469

37%

Increase in diverse candidates YoY

2024 Sustainability Report | 16

Europe

341
118

155

204

185
2

Under 30
years of age

Between 30
and 50 years of age

Over 50
years of age

Under 30
years of age

Between 30
and 50 years of age

41
Over 50
years of age

Talent knows talent!

In August of 2023 we launched Talent knows Talent!, our first global
associate referral program, which rewards our associates for helping
us find the best candidates. The program makes it easier for
associates to refer potential candidates and provides consistency
across all countries and regions. Since its implementation, associatereferrals have become our leading source of external hires, at 22%.

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

1

Figure includes 100% of
associates included in the
PMP process. Associates
may be excluded due toreasons such as collective
bargaining contracts,
leave or absence or newly
acquired mergers or
acquisitions.

2024 Sustainability Report | 17

In 2023, we invested in technological advancements for the next
phase of our multi-year Talent Attraction Strategy. In mid-2024,
we will introduce an updated career marketing website, TalentCommunity Platform, and a candidate relationship management
system. These resources will set the stage for future skills-based
recruitment and enable the organization to provide the rightinformation to the people who need it —at scale.

Developing our associates
Avantor believes that empowering our associates’ personal
and professional growth is a mutually beneficial investment.
Our culture of development helps both our associates
and the Company reach the future we aspire to. For thesereasons, we have committed to continually evaluate andevolve our talent development strategy, with the aimof cultivating a culture of learning and empowering ourassociates to grow in their careers.
By growing future-ready skills at all levels, we also further
enhance Avantor’s pipeline of qualified management
candidates and build our leaders’ talent, mindset andcapabilities to position Avantor as an employer of choice.

In 2023, we expanded our skill-building program offerings, which
provide virtual learning and development opportunities acrosstime zones. As a result, Avantor associates completed 120,000
live and on-demand training courses, a 144% year-over-yearincrease. Initiatives we kicked off in 2023 include our new Career
Hub Platform, our first annual Learning and Career Week andthe development of our new Leaders Success Model. We also
continued to support the development of our associates throughour Career Conversation Campaign and Power Skills Series.

Career hub platform
In October 2023, Avantor launched a Career and Jobs Hub, aplatform enabling associates to showcase current and desired
skills, identify future career interests and roles, make meaningfulconnections to guide their career growth and receive customized
learning recommendations based on their skills and interests.
Our Career Hub also increases the visibility of open roles acrossthe organization. Since the implementation of this resource,
Avantor associates have created more than 1,270 Career HubProfiles and uploaded 17,000 skills.

Learning & career week
To further promote the Company’s offerings, Avantor held
its inaugural Learning and Career Week, which offered dailylearning opportunities for associates at all levels. Across theorganization, more than 8,000 Avantor associates participatedin online and in-person learning activities. Onsite events were
led by local associates and leaders, while online events​included
individual and group learning sessions or “lunch and learns,”
featuring a selection of LinkedIn Learning courses, guest speakers
and panel discussions.

100%of Associates Received Performance Review1

Leadership development
At Avantor, we support our leaders’ development by providing
resources and training opportunities designed to enable theirsuccess and professional growth. Following the launch of our Avantor
Leadership Advantage (ALA) program in 2022, which provides acomprehensive curriculum for first-line managers, we continued to
expand our Leadership Development programming in 2023.

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

We established our Leaders Success Model to provide additional
skills development and measure competency in future-readiness.
The model’s focus areas include vision and strategy, relationships
and collaboration, talent advocacy, and curiosity and innovation.
We also launched a Manager’s Guide to Associate Engagement,a toolkit designed to help leaders develop better relationships
with the associates on their teams, because when associates
feel like they are heard and valued, they are more engaged andmotivated. Additionally, we introduced the Change Leadership
Certification, which prepares leaders to guide their teams throughtransformational change, by focusing on the human element ofchange, inclusion and empathy.
Our Power Skills Series also focused on Inclusion and Well-being
in 2023, with more than 3,700 participants and an average session
satisfaction score of 97%. Sessions included:• Your Brain is Good at Inclusion, Except When It’s Not, which
examined the domain of diversity and inclusion from theframeworks of human behavior and cognitive neuroscience• The New Call to Human Leadership Learn, which teaches leaders

how to adapt to changing employee expectations, as well as how
to more effectively engage and retain associates in the dynamic,
hybrid world of work

• Balancing Competing Priorities, where leaders learn

to proactively manage their stress response, identify
high-payoff activities and develop habits that will help
them improve focus and energy

Building Engagement Through Training
Our Leadership Development program has shown that managers who participate in professional
development training are more likely to have happier, more engaged teams that stay longer.
Avantor managers who have taken training courses outperformed those who have not participatedin the engagement, growth and inclusion categories of our 2023 People Pulse Survey.

2024 Sustainability Report | 18

Caring for our
associates
Sciencefor Goodness

The health, safety and well-being of our associates is a toppriority for Avantor. Our comprehensive approach prioritizes
support for the whole person— their physical, mental andemotional health —and we continually strive to have the best
possible policies and procedures in place to ensure all aspectsof our associates’ well-being.

Introduction

Health & safety

People& Culture

In 2023, we achieved a TRIR of 0.43, slightly higher than our
0.40 TRIR in 2022. However, our rate is still better than theindustry benchmark and we remain committed to meeting
our Science for Goodness target: a reduction of 25% by 2025
compared to a 2020 baseline.

Innovation& Environment
Community
Engagement
Governance& Integrity
AppendixMoreover, we are proud of the progress we’ve made and therecognition we have received. This year, our onsite service teamin China received the “Best Safety Team Award“ from Novartis.
Our Environmental, Health, Safety, Sustainability and Security(EHSS&S) teams are responsible for overseeing our workplacesafety strategy and procedures. Across our organization, ourassociates regularly participate in safety training specific to theawareness requirements of their respective workplace, whether
a laboratory, manufacturing site, distribution center or office.

Across Avantor’s varied workplaces, our approach to safety
focuses on risk-based initiatives— identifying opportunities
for improvement before an incident occurs and measuringperformance through preventive action closure. We alsoemphasize leadership and associate engagement with root
cause analysis training, which helps us better identify whenincidents are caused by management systems issues.
In 2023, we held 10 safety events and participated in World
Safety Day, an internationally recognized day of action,
education and discussion promoting the prevention ofoccupational accidents and diseases in the workplace.
In recognition of this event, which centered on situationalawareness, we provided teams with materials on encouraging
safe behaviors and held open feedback sessions for associates
to discuss how they contribute to our safety culture.
Our safety strategy focuses on compliance with local,
national and international regulations, active monitoring ofagencies for changing regulations, partnering with operational
leaders to meet internal health and safety requirements, andeliminating hazards, reducing risks and preventing injuries
and ill health. We systematically register and analyze all
near-misses, incidents and accidents and share what we learn
through Safety Alerts and Safety Minutes, a brief safety update
discussed at the start of meetings.
In addition, our robust hazard identification system encourages
associates to report safety observations and to participate in job
safety analysis and personal protective equipment assessments.
Avantor’s EHSS&S Lessons Learned program was established in
2022 to create a forum for discussing incidents.

Avantor’s Process
Safety Guidelines

Maintain management processes
and encourage associates to identify
areas and opportunities to improvethe management system, EHSS&S
performance and drive growth of theCompany through these initiatives

Ensure open and timely communicationand high participation of workers andworkers' representatives, providing themwith appropriate levels of training andsupporting local EHSS&S programs andlocal communities where we operate

Commit to implementing all training andresources necessary to ensure the safety
and security of people and property

Total recordable incident rate (TRIR)

2024 Sustainability Report | 19

2021

0.45

2022

0.40

2023

0.43

Regularly conduct safety and security
training exercises at our sites worldwide.
Our EHSS&S teams, along with facility
Emergency Response Teams andgovernmental authorities, collaborateclosely during these exercises to upholdthe highest standards of safety, healthand security at each location

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

Phillipsburg’s Annual Emergency Response Training
The key rule for emergency response is to be well prepared for potential incidents that could impact
business operations. Preparedness is crucial to advancing a culture of safety across Avantor’s global
footprint. In the moments following an emergency, every second counts.
Avantor’s global emergency response training is versatile, addressing a range of situations. This
flexibility ensures response teams are ready for multiple scenarios that could potentially impact
business operations. By strengthening standard operating procedures for emergencies, contingency
planning and the development of coordination structures, these proactive measures allow for a levelof readiness that ensures an efficient and timely response.
In 2023, our Phillipsburg, NJ, manufacturing site tested their skills during the annual emergency
response training exercise. This exercise isn't just a routine drill—it's a commitment to safeguarding
our people and our operations, as well as fostering a company-wide culture of safety.
The annual emergency response training was conducted in collaboration with several local, county,
state and federal emergency management response agencies and multiple area hospitals.

2024 Sustainability Report | 20

“Every moment of emergency
response training provides ourteams with the knowledge
and skills needed to fulfill theirroles and responsibilities when
responding to an emergency.”
Sean DeFusco, SVP of Global Manufacturing Operations

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

Health & well-being
At Avantor, we understand the significance of our role insafeguarding the health and well-being of our associates. Our
holistic approach places paramount importance on supportingthe complete individual, addressing their physical, mental andemotional well-being through tailored program offerings.
We provide services such as virtual support groups andon-demand webinars focused on topics such as psychologicalsafety, mindfulness, positive parenting, empathy, stress and anxiety.
Additionally, our Employee Assistance Programs (EAP) provide
essential mental health services, such as free counseling sessions,
to all associates and their eligible family members, through a
global or regional EAP provider.

Associate total rewards & benefits
Avantor offers a total compensation program that is internallyequitable and competitive with other industry leaders. Our
pay-for-performance culture offers compensation approaches
that reward high performers. We also provide competitive benefits
that supplement the social programs offered in the various
countries where we work, so associates have access to essential
support when they need it most.
In the U.S., we improved our time-off benefits to reflect theinclusivity of Avantor’s company culture and to give all associates
the opportunity to observe important religious holidays andcommemorate culturally or historically significant events ordays of remembrance. Our holiday policy now includes a choice
holiday that can be used for such celebrations during which theCompany remains open. Additionally, our team in the U.K. enacted
a menopause policy, which recognizes menopause as a2024 Sustainability Report | 21

life-changing event and sets out the support the Company
will provide, including needed accommodations for an associate
experiencing menopause-related symptoms.

BetterUp coaching platformTo further enhance our leadership benefits, we have invested
in coaching resources. Avantor’s BetterUp coaching platform
provides the Company’s directors and VPs life coaching in
addition to professional coaching. Some SVPs are eligible fora dedicated executive coach.

Impact program
Our talented associates collaborate daily to solve complex
challenges that move science forward and help our customers
globally. Our global recognition program, IMPACT, is a way for
associates not only to be recognized but to recognize others forcontributions embodying our ICARE values of innovation, customer
centricity, accountability, respect and excellence. Recipients receive
real-time recognition through an internal online portal whererecognition is amplified on a social feed where teammates canoffer congratulations on a job well done.

Avantor in Motion’s fitness challenge
The semi-annual Avantor in Motion fitness challenge returnedin 2023, with nearly 2,100 associates participating worldwide.
The challenge focused on encouraging associates to stay active
and maintain healthy habits, with the goal of increasing physicalactivity levels. In the spirit of friendly competition, associates
formed teams and earned points together, creating a strong senseof connectedness among participants The challenges also includeda mobile app associates could use to log steps, earn extra points
through trivia games and, most importantly, stay connected withand encourage other participants throughout the event.

“I was able to follow Avantor in
Motion and complete most of thephysical challenges. I have been
on a journey of better fitness andnutrition for the past 18 months. I
have learned more about proper
nutrition and the benefits ofexercising. This is the first time in
my life I have been able to losea significant amount of weight,
reach a goal weight and, so far,keep it off. I would encourage
anyone that took part in thischallenge to have confidence inthemselves to achieve their goal
and then do so. You can do it!”
Tim Baker, Quality Control Sr. Technician, Paris, KY“During Avantor in Motion, I
increased my daily activity
significantly, started cutting down
on sugars, and tended to my sleep
schedule which has made me feelso much better.”
Jimmy Hiller, Quality & Innovation Manager, Sweden

AV P S U RV E Y Q U OT E S“Working for Avantor
not only makes me feelproud of where I work, butalso motivates me to be
an active participant inadvancing important values
within the organization.”

Sciencefor Goodness
Introduction
People& Culture

Avantor Associate

Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

Associate engagement
The DEI&B Office organized an Engagement Committee and
ACT connectivity program, inviting local Engagement Committee
members from across the globe to join monthly meetings led by
the DEI&B Office, with guest presenters from the ACTs and otherdepartments. These efforts have reached 21 global locations with62 active Engagement Committee members joining regularly tohear updates on upcoming activities that they can partner with the
ACTs and Center of Excellence (CoE) leaders to bring to their sites.
Working closely with the DEI&B Office and local site leadership, thisconnectivity program supported 30 joint activities in 2023. It alsoestablished a mechanism for Engagement Committee members
to connect to each other, share best practices and expand their
networks globally.
Additionally, we continued our annual People Pulse Surveys in 2023
to gather associate feedback on their workplace experiences andour evolving culture. Our February 2023 survey had a 64% response
rate while our September 2023 survey had a 71% response rate.

2024 Sustainability Report | 22

Our associates shared their thoughts and ideas, and we leveraged these
real-time insights to celebrate successes and build customized action plans
based on associate input.
The Growth Index in People Pulse improved from 7.0 to 7.3 year-over-year,
validating Avantor’s commitment to invest in our associates’ continued
personal and professional growth. We also instituted a People Pulse Super
Star program, which recognizes our outstanding managers. To qualify for
the Program, survey responses from a manager’s department or team must
exceed the overall Avantor score on the question: “How likely is it that you
would recommend Avantor as a place to work?”
In September 2023, along with the People Pulse Survey, Avantor launched an
Associate Value Proposition (AVP) Survey designed to capture the reasonsassociates chose Avantor as an employer, their experience since joining andwhat remains important to them as they stay. The feedback we gathered
will help us better understand who we hire, what’s important to them andhow they learned about our Company. Ultimately, this information will help
ensure we are delivering on what matters most, while creating a compelling
message to help us attract talent.

“I always have opportunities
to learn things and to
take courses and training
which adds value to theus as employees and theorganization as a whole.”
Avantor Associate

Sciencefor Goodness

Innovation & Environment

Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
AppendixAvantor’s commitment to environmental sustainability
motivates how we work, collaborate and positively
impact the world. By reducing our greenhouse gas(GHG) emissions, developing innovative sustainableproduct solutions and improving our packaging anddelivery systems, we are advancing sustainability
from discovery to delivery.

2024 Sustainability Report | 23

I N T H I S S EC T I O NAdvancing sustainability
from discovery to delivery

24

Environmental sustainability
in our operations

25

Creating a sustainable
future with smart solutions

29

Innovation & Environment

Sciencefor Goodness
Introduction

Advancing sustainability
from discovery to delivery
Avantor has a unique and important role in creating a more sustainable future for everyone,
which is why we are committed to reducing our operational footprint and creating innovative
product and service solutions for our customers. Our environmental priorities include reducing
GHG emissions, minimizing waste generation and addressing water consumption.

People& CultureO U R S C I E N C E FO R G O O D N E S S G OA L S

Innovation& Environment

Original Goal

Reduce operational GHG emissions
by 15% by 2025 from a 2019 baseline

Community
Engagement
Governance& Integrity

2023 Progress

Achieved 2025 emissions
reduction target two years earlyAppendix

New 2030 Goal

Reduce absolute Scope 1
and 2 emissions by 50%
from a 2020 baseline
Reduce absolute Scope 3 emissions
by 25% from a 2020 baseline
2024 Sustainability Report | 24

I M PAC T AT A G L A N C E

Signed the Science Based
Targets initiative (SBTi)
commitment to set 2030
emissions reduction targets
aligned with climate science22

water management plansdeveloped for sites in areas
with high water stress8

solar energy systems
installations progressed
across the globe

2

packaging optimization
initiatives launched that reduced
product packaging waste

Environmental
sustainability in
our operations
Sciencefor Goodness

As a global supplier of solutions for the life sciences and advanced
technologies industries, we are committed to addressing ouroperational environmental footprint and supporting the transitionof our value chain to a low-carbon economy.

Introduction

In 2023, we:People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

Data reported in metric tons of CO2
equivalents representing 61 sites globally.
2
From 2019-2022 Scope 2 data shown
was location based; starting in 2023,
Scope 2 data is market based.
3
Includes capital goods, employee
commuting, fuel & energy-related
activities and business travel.
12024 Sustainability Report | 25

Scope 1 and 2 GHG emissions (MTCO2e)1
Scope 1

Scope 226.3%
66,06561,885

Scope 3 emissions categories

Percent Reduction Versus Baseline

9.6%
59,716

12.4%
57,84716.7%
55,028• Reduced our GHG emissions by decreasing our energy

consumption and incorporating renewable sources into
our energy mix

Purchased Goods & Services
38,19435,91633,18232,50728,933• Minimized waste generation across our operations and promoted

End-of-Life Treatment of Sold Products

the use of environmentally preferable products and packaging• Developed water management plans for all high-risk sites• Raised associate awareness of our sustainability commitments

Processing of Sold Products
Downstream Transport

and their role in helping us meet our environmental responsibilities• Complied with the regulatory requirements in every region in

27,871

25,96926,53425,34026,095which we operate

Climate change andenergy management
Climate change is the defining environmental issue of our time,
threatening lives and livelihoods across the planet. To do our partin addressing this global challenge, Avantor developed an energy
and emissions reduction strategy that invests in efficiency projects
and alternative energy sources. To ensure accountability and trackprogress, we started with an initial target to reduce our operational(Scope 1 and Scope 2) GHG emissions by 15% by 2025, compared toa 2019 baseline.
We are proud to report that we met this target two years aheadof schedule, achieving a 16.7% reduction of our Scope 1 and 2
GHG emissions from 2019 to 2023. This achievement involved
assessing our manufacturing facilities’ energy intensity and GHG
emissions, developing an action plan based on those assessments,
and implementing site-specific energy efficiency and processoptimization initiatives. Our cross-functional Environmental Task

Use of Sold Products

Upstream Transport
Other32019
Baseline Year

2020

2021

2022

Force, created in 2022, oversees our emissions reduction strategy,
including setting internal annual targets, tracking projects andtraining and educating associates.
More than 40 projects implemented across our manufacturing sites
and distribution centers contributed to the reductions, including
20 completed in 2023. These included infrastructure improvements
and energy efficiency initiatives, such as HVAC upgrades, steam
system upgrades and relocating operations to more efficientfacilities. In addition, we furthered efforts to incorporate renewableenergy into our GHG emissions reduction strategy. These efforts
helped us to reduce our 2023 Scope 1 and 2 GHG emissions by 2,819
MT CO2e, a 4.9% decrease from 2022.

2023

16.7%
Total Scope 1 and 2 GHG
reduction since 20191

Setting science-based
emissions targets
As a result of our progress, in 2023 we established newscience-based targets for 2030 and submitted them for review
and validation by the Science Based Target initiative. In alignment
with the latest climate science, we committed to reduce ourabsolute Scope 1 and 2 emissions by 50% and our absolute
Scope 3 emissions by 25% from a 2020 baseline. We will achievethese targets by continuing to implement infrastructure
improvement, energy efficiency and renewable energy projects
and engaging with our suppliers and customers on their
GHG emissions reduction efforts. We will report our progress to
the relevant third-party organizations and in future reports.

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

Let the Sun Shine
Avantor continued to transition away from fossil fuel energy sources in 2023, with solar panel installation
projects at eight of our manufacturing and distribution centers across the globe. We completed theinstallation of a solar energy system at our newly expanded manufacturing and distribution hub in Singapore,
while work continues at our facilities in Bridgeport and Phillipsburg, NJ; Henrietta, NY; Visalia, CA; Briare,
France; Örebro, Sweden; and Panoli, India.
These solar projects, along with upcoming installations in Devens, MA, and Carpinteria, CA, are expected toreduce our GHG emissions by roughly 4,000 MT CO2e annually. As an example, the new solar array at ourSingapore hub consists of 1,264 panels, which will provide an estimated 1,034,457 kWh of power annually,meeting more than 20% of the facility’s power needs. This array alone will help to reduce our carbon footprintby 422 tons of CO2 emissions per year, the equivalent of planting 5,411 trees, according to the Energy Market
Authority (EMA).
The installation of these systems, along with other renewable energy solutions to support Avantor’s power
needs, will help us contribute to the global effort to mitigate the climate crisis and improve local air quality
in the communities where we work.

2024 Sustainability Report | 26

“The solar project is not just about
numbers; it’s about responsibility.
At Avantor, we’re committed
to environmental stewardship,
and our latest solar project inSingapore is a testament to thatcommitment—it’s a tangible
expression of our pledge toshape a sustainable future forgenerations to come.”
Christophe Couturier,Executive Vice President, AMEA

Water reduction and reuse
We recognize our responsibility to carefully manage water usage,
particularly in areas of high water stress. Currently, at least 50%of the world’s population, some four billion people, live underconditions of high water stress for at least one month of the year,
according to new data from the WRI’s Aqueduct Water Risk Atlas.
An area faces high stress when it uses 40% or more of theavailable water supply and extreme stress when it uses at least
80% of its water supply.

Sciencefor Goodness

To help address this global challenge, we launched a multi-year
water management strategy in 2022, beginning by identifying 22
Avantor sites in areas with high water stress. In 2023, we analyzed
our water usage at each of these sites, established a baseline andidentified potential areas for reductions.

Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

Improved Packaging, Reduced Waste
We remain committed to reducing packaging waste across the Avantor brand portfolio, and wecontinued to make progress in this area in 2023.
Our Masterflex® brand continued to phase out the use of foam in its packaging. Since 2021, when thelatest versions of our Masterflex® pumps were released, foam inserts have been replaced with cartonboard. The new carton board packaging is Forest Stewardship Council (FSC) certified and contains
35% recycled content.
The phaseout has reduced the amount of foam used to package and ship Masterflex® pumps each year
by more than half, from 2,310 gallons in 2021 to 1,045 gallons in 2023.

1

Data reported in metric tons
representing 35 sites globally in 2023.

Meanwhile, we have improved the packaging for our NuSil® products, optimizing the material and laborused in the packaging process. This initiative will save an estimated 9,000 pounds of carton board,
34,700 “inspected by” paper labels and 17,350 paper package tracking sheets annually.
The improved NuSil® packaging was developed in-house using Avantor Business System’s Kaizen
approach, which aims to eliminate waste, improve productivity and achieve continual improvement intargeted activities and processes.

2024 Sustainability Report | 27

Several of these facilities have already taken measures to reducewater consumption, contributing to a decrease in water usage
across most of our sites in 2023. The reductions were driven bytargeted efforts, such as replacing or repairing steam traps toreduce the amount of water lost to the atmosphere. Despite
these decreases, our aggregate water use in 2023 increased 12%
over the prior year. This was due to increased water consumption
at our Phillipsburg facility, for the second year in a row. To
address this issue, we continue to assess the facility’s water
usage and develop continuous improvement plans, beginningwith upgrades to the plant’s steam heating system. In 2023,
Avantor implemented several infrastructure enhancements at
the Phillipsburg site, including improvements to the facility’s
steam heating and condensate systems. By repairing or replacing
leaking pipes and steam traps and improving the waste heatrecovery system, we reduced the plant’s energy losses andimproved water efficiency. We will continue to evaluate additional
actions we can take at Phillipsburg and other facilities to impact
our water management.

53.1%
Landfill Diversion Rate for 20231

Landfill diversion and waste management
We continue to reduce the amount of waste sent to landfills
by optimizing Avantor’s production processes and reuse andrecycling capabilities. Globally, our facilities have established—
and closely monitor and measure—procedures for minimizing
waste generation, reusing and recycling materials and meeting
local waste management requirements.

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Appendix1

Data reported in metrictons representing 35 sites
globally in 2023.

Waste reduction efforts in 2023 focused on decreasing theamount of hazardous waste—defined as flammable, corrosive,
reactive or toxic waste—sent to landfills. For Avantor, potential
sources of hazardous waste include expired chemicals,
overproduction during the manufacturing process andmaterials that do not meet specifications.
By minimizing the amount of hazardous waste generated
and exploring opportunities to reuse the remaining hazardous
waste, the facilities we monitored in 2023 reduced hazardous
waste disposal by approximately 50% for the final nine monthsof the year, compared to the combined averages for the fullyears 2021 and 2022.
Our total waste diversion-from-landfill rate across our operations
was 53.1% in 2023, a slight decrease from our 2022 rate of 54.5%.1

Reducing product end-of-life impacts
The best ideas come from collaboration, which is why Avantor
works closely with customers to reduce the waste generated at
the end of our products’ life cycles and to identify recycling
opportunities. The programs we offer customers include complete
waste collection, shipment and recycling solutions covering
a wide range of difficult-to-recycle products used in lab andproduction settings, which are not typically collected throughmunicipal recycling programs. These include disposable personal
protection equipment and single-use laboratory consumables,such as garments, gloves, safety glasses, pipette tip boxes,
glassware and more. In 2023, we recycled 386 metric tons ofwaste using these programs.

386

Total Customer Waste Diverted in 2023 (metric tons)

2024 Sustainability Report | 28

Reducing Waste through Automation
At our distribution centers in Bruchsal, Germany, Lutterworth, U.K. and Örebro, Sweden, automation technology
is helping Avantor reduce waste, enhance performance and improve ergonomics and associate safety.
Avantor has invested in cutting-edge technology and automation to streamline processes, such as therobot-operated storage solution AutoStore, which helps consolidate storage and reduce packaging
needs. The funding in AutoStore at each site will deliver a rapid return on our investment. We’ve also
incorporated Artificial Intelligence (AI) into warehouse operations, including a scan-to-pallet processthat reads data from barcodes on pallets to help improve accuracy and productivity. These technologies
are also being installed at several sites in the U.S. in 2024, and will continue to roll out at key sites acrossthe globe.
Our new, state-of-the-art facility in Örebro is located to better serve the Nordic region and support
Sweden’s growing life sciences industry. The 103,000-square-foot warehouse provides general storage
space and offers features that support our customers’ specific needs, such as space to store hazardous
materials safely. In alignment with Swedish sustainability building initiatives, the Örebro warehousehas earned a Silver Level Certification from the Sweden Green Building Council, the country’s leadingorganization for sustainable community building.

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
AppendixCreating asustainable
future withsmart solutions
As part of our relentless effort to advance life-changing science,
Avantor has a responsibility to provide innovative and sustainableproducts and solutions that drive breakthroughs and benefit bothpeople and the planet. This commitment is at the core of our
Science for Goodness strategy.

Expanded offerings,
new possibilities
At Avantor, we create solutions to meet customers’ needs
by focusing on innovation and new product development.
As a result, in 2023 we expanded our bioproduction offerings,
enhanced our proprietary lab research products and enabled
our customers to leverage custom cGMP products throughout
their development cycles— from early-stage research to scale-up
and commercialization. We also broadened our proprietary andthird-party product offerings to better support our customers'
expanding biologics platforms, including monoclonal antibodies,
cell and gene therapy and mRNA.
Specifically, we launched multiple products under our J.T.Baker®,
Masterflex® and NuSil® product lines to support customer
applications. We introduced an enhanced Inventory Manager
digital solution, integrating Electronic Lab Notebook and Smart
Shelf platforms, which leverage AI and automation to streamline lab
procurement. We also accelerated new product introductions fromsupplier partners that are highly relevant to biologic platforms.
In addition to these achievements, we created the Avantor
Scientific Advisory Board, which will guide our research anddevelopment efforts.

2024 Sustainability Report | 29

Offering environmentally
preferable products
Developing and delivering environmentally sustainable productsolutions to Avantor’s customers is crucial to our sustainability
efforts. In 2023, we established a Product Sustainability Task
Force to empower our R&D teams to consider sustainability
during new product development. Consisting of Global R&D
experts from Avantor’s various brands, the task force will identify
key opportunities to incorporate sustainable design criteria into
product planning and development and establish measures totrack progress.
Further, our Environmentally Preferable Products (EPP) program
helps our customers make informed, sustainable purchasing
decisions by highlighting products that have achieved a reputable
third-party or government sustainability certification in at least
one EPP attribute category. These categories include productsthat offer improved energy and water efficiency, waste reduction,

sustainable materials and packaging, health and environmental
safety, product transparency and disclosure or reduced
manufacturing impacts.
Avantor partners with suppliers to identify and evaluate products
for the EPP program, including reviewing documentation thatvalidates the product as a more sustainable alternative to otheroptions. EPPs are searchable on Avantor’s sales site, where they
are identified by our EPP Green Leaf icon.

Our innovation centers
Avantor’s 13 Innovation Centers are technology-driven researchand collaboration sites where our experts work closely withcustomers to solve science’s most difficult challenges. Driving bothincremental and breakthrough innovations, work at the centers in
2023 involved projects that reengineered packaging to minimize
waste, improved efficiency in customer processes and developed
biodegradable alternatives.

Supporting Biodegradable Solutions for Our Customers
As first noted in last year’s report, Avantor’s R&D team has developed a regulatory-compliant, environmentally sustainable
alternative to Octoxynol-9, commonly referred to by its brand name, Triton™X-1001, in response to industry demand.
Following this successful development, in 2023, we prepared to begin commercial production of two new products.

Sciencefor Goodness
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Avantor’s new J.T.Baker® Viral Inactivation Solution launched commercially in December 2023, and our new J.T.Baker®
Cell Lysis Solution will launch in 2024. These products offer structural and functional similarities to Octoxynol-9 while being
biodegradable, optimized for bioprocessing and non-toxic to aquatic life.
Our efforts to develop alternatives to Octoxynol-9 came in response to new information regarding the European
Chemical Agency’s decision to place Octoxynol-9 on the Substances of Very High Concern (SVHC) list due to thechemical’s negative impact on aquatic life. Upon receiving this information, Avantor’s R&D scientists set to work toeliminate Octoxynol-9 from our product offerings.
The biopharmaceutical industry uses Octoxynol-9 in protein extraction and viral inactivation processes; however, givenchanging regulatory and sustainability concerns, the industry has been proactively seeking replacements. The European
Union plans to restrict use of the chemical by 2030.
Creating more sustainable and highly effective solutions for our customers reaffirms our dedication to innovationand environmental sustainability. It also helps us meet our own Science for Goodness commitments while helping ourcustomers fulfill their commitments to sustainability and comply with increasingly stringent regulatory standards.

Governance& Integrity
Appendix

High Performance NuSil® Silicon Supports Heart Saving Innovation
Avantor works side by side with customers to make life-changing possibilities a reality. In partnership with Berlin
Heart, NuSil® developed a high-purity, implant-grade silicone material that works as a coating in the cannula (tubes
inserted into the body for delivery or removal of fluid) of the Berlin Heart EXCOR® Ventricular Assist Device (VAD).

1

Triton™X-100 is a registeredtrademark of Dow
Chemical Company.

The Berlin Heart EXCOR® VAD is a mechanical, external, pulsatile heart support system for adults and children suffering
life-threatening heart failure. The system provides short- to long-term support of heart function while patients await
transplant or recover from surgery.
NuSil® delivered a custom biocompatible material to Berlin Heart that enables the EXCOR® VAD system’s precisionperformance in a highly sensitive environment and under critical conditions. This material offers necessary
mechanical strength and abrasion resistance and stands up to high cycle fatigue, supporting patients throughvariable transplant and recovery wait times.

2024 Sustainability Report | 30

Sciencefor Goodness
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People& Culture

Community & Engagement

Innovation& Environment
Community
Engagement
Governance& Integrity
AppendixAvantor’s philanthropic initiatives generate
positive, enduring impact on the planet, society
and the communities where we live and work.
We empower our associates to support organizations
around the world that bring our mission to life.

2024 Sustainability Report | 31

I N T H I S S EC T I O N

Taking action to build a better world

32

Avantor Foundation

33

Enabling employee giving

35

Community Engagement

Sciencefor Goodness
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I M PAC T AT A G L A N C E

Taking action to build
a better world

9,880+

volunteer hours logged
by Avantor associates1

As a global leader in life sciences, our Community Engagement efforts focus on
increasing STEM (Science, Technology, Engineering and Math) education programs forunderserved high school students, providing equitable access to quality healthcare anddemonstrating environmental stewardship where Avantor has a presence.

$1.2M+

People& Culture
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Appendixin Avantor Foundation grants

G OA L S

18,925+

Expand STEM education programs
for underserved high school students

people provided healthcare
services through Avantor
Foundation grants

Support a healthier society byaddressing inequities andimproving health outcomes

550+

underserved high school
students provided STEM
education through Avantor
Foundation grants

Increase associate volunteering

12024 Sustainability Report | 32

This includes Company volunteer activities, Dollars for Doers volunteering and Volunteer Time Off (VTO) logged.

Cultivating the Next
Generation of Scientists
With the help of an Avantor Foundation grant, Emory
University’s Department of Human Genetics offered a
six-week summer research internship to Atlanta high school
students in 2023. In addition to general program support,
the Foundation funded stipends for 12 participants.

Sciencefor Goodness

Targeting Atlanta-based tenth and eleventh graders from
historically underrepresented ethnicities in science, the
STEM-based program included class lectures on genetics,
guest speakers, information on college and career readiness,hands-on research experience and field trips to Fernbank
Museum, CDC Museum and Microsoft. Each student wasmentored by a School of Medicine faculty member andwas required to complete a project, which was shared at a
symposium during the last week of the program.

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Appendix

P R O G R A M S TAT I S T I C S

AvantorFoundation
Our Avantor Foundation, the philanthropic branch ofAvantor, Inc., partners with organizations across the globe
that share our goal of ensuring equitable access to quality
healthcare and STEM education for underserved communities
in which Avantor has a presence. Since the Foundation’s inception
in 2009, it has donated more than $8 million, including$1.2 million in 2023, to 15 nonprofit partners. We also actively
seek volunteer opportunities for Avantor associates with thesegrantees, fostering deeper and more meaningful partnerships.

2024 Sustainability Report | 33

21 students from historically underrepresented ethnicities participated
100% of the students became more aware of STEM careers
100% of the students became more interested in STEM careers
100% of the students became more interested in studying STEM
100% of the students became more knowledgeable about STEM subjects
Avantor associates volunteered by providing a resumé-building session
and hosting mock interviews to prepare the students for future interviews

Sciencefor Goodness
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Engagement

Providing Crucial
Care for Singapore’s
Migrant Workers

Closing
the STEM
Gender Gap

In Singapore, an Avantor Foundation grant funded the development and rollout ofa program providing medical care for migrant workers with chronic diseases. The
program is managed by HealthServe, a nonprofit dedicated to providing healthcare,counseling, casework and other services to the country’s migrant workers.

In partnership with the Avantor Foundation, Greenlight for Girls (g4g) designed
and hosted three one-day STEM Exploratoria events for high school girls fromunderserved communities in Europe. With the goal of “Designing the Lab of the
Future,” the events aimed to inspire young women to see themselves in STEM
professions and have fun exploring concepts of sustainability, healthcare andinnovation in a hackathon-inspired environment.

Staffed by a nurse experienced in chronic disease, the new case management
program provided crucial care to more than 150 migrants in 2023, many of whom
may not have otherwise received treatment. Migrant workers often have serious
chronic illnesses—such as diabetes and hypertension—but are reluctant to seek
help from their employers for fear of losing their work visas and being sent home.
The program also sponsored Health Carnivals, which provided healthcare
education and checkups to more than 1,300 migrant workers.

Participants, girls 15-18, also learned from Avantor associate volunteers whoshared their experiences working in the world of science.
With a mission of closing the gender gap in long-term STEM careers,
g4g engages female students at the local level in the hopes of influencing theirperception of STEM and what it means to be a woman in these fields. The
nonprofit connects girls to role models in STEM and leads hands-on activities
that build girls’ skills so they feel inspired to see all of their future possibilities.

G R A N T I M PAC T

Governance& Integrity
Appendix

152 patients were enrolled into HealthServe’s nurse-led Chronic
Disease Management program, 40 of which were high-touchcase management patients (either on insulin or HbA1c >10%)
Of patients with diabetes, 52% showed an
improved HbA1c level2024 Sustainability Report | 34

G R A N T I M PAC T

130 high school girls participated in three STEM
Exploratoria events in Belgium, France and Spain; another94 participated virtually during the 2022-23 academic year

There was a 10% reduction in blood pressure

On average, 91% felt more inspired to see themselves
in STEM fields

Over 1,300 workers received health education at
11 outreach Health Carnivals

On average, 88% were more likely to consider studies
or a career in STEM

Avantor associates volunteered at HealthServe’s
Health Carnivals

Avantor associates volunteered across the three events

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Appendix

1

Represents associate giving,
Avantor Foundation financial
match and Avantor Foundation
Dollars for Doers match.

Enabling
employee giving
Our Giving Goodness portal provides easy access to community
engagement programs, further enabling our associates to havea positive impact on their communities. Through the portal,
associates can submit eligible financial donations for adollar-for-dollar match, submit volunteer time for a financial
match through the Dollars for Doers program and search andregister for volunteer opportunities.
Launched in the fourth quarter of 2022, the portal system allows
us to track associate participation and impact, with 2023 serving
as a baseline year for programming. In 2024, we will continue tobuild awareness about the portal with the goal of increasing global
participation in these programs.

54

volunteer events across
9 countries in 2023

Associate volunteering

A S S O C I AT E T E S T I M O N I A L S

In 2023, Avantor launched our Volunteer Time Off (VTO) programin the U.S., which offers eligible associates up to eight hoursof paid volunteer time off per year. Collectively across ourvolunteering programs, Avantor’s associates spent more than
9,880 hours volunteering with worthy organizations around theglobe in 2023. These hours include corporate-sponsored events,
all personal volunteer hours submitted for our Dollars for Doers
matching and VTO hours.

“In my day job, my work at Avantor
is forward-looking. It could beyears before any potential impact
is felt. I volunteer at a local
community food pantry and theimpact is immediate—people show
up hungry and leave with food. It
is very emotionally rewarding andgreat that Avantor offers programs
to support my volunteering efforts
and our community.”

Recognizing that Avantor’s Regional Sales Conferences provide an
opportunity to connect and collaborate, we hosted a volunteer eventat each of our regional meetings to benefit a nonprofit organizationin that part of the world. In the Americas, Avantor associates andsuppliers joined forces to create Hydroponic Garden kits for Lancaster
Elementary School in Orlando, FL. In Europe, associates and suppliers
created 1,000 disaster relief packs to support Disaster Aid Europe,a nonprofit that provides humanitarian aid to communities hit by
natural disasters. At our AMEA Sales Conference, team members
assembled 500 toiletry kits for Childline Foundation Thailand, anorganization focused on improving the quality of life for children.
Additionally, Avantor associates in our Services organizationin Boston came together to help members of their community
on Juneteenth. Twenty associates created 400 toiletry kits for
Solutions at Work, a nonprofit serving low-income and homelesspopulations in the Greater Boston area, which distributed the kits
to the local community.
We are proud of our associates’ dedication to supporting ourcommunities. Their enthusiastic participation in our volunteer
programs and the tremendous impact they had in 2023 has
inspired us to step up our efforts. In 2024, we aim to increase ourannual associate volunteer hours to 15,000.

$220K+ 450+
collectively donated throughGiving Goodness programs1

charities supported

Susan Feltman, Contract Management Specialist, Americas“I feel proud to be associated withan organization that provides
opportunities to give back in thecommunities where we operate.
Avantor organized Daan Utsav, theJoy of Giving week, at various sites
across India to provide support fordisaster relief, humanitarian aid andcommunity development across
23 India states. During the event,associates participated with full
enthusiasm and love for society.”
Inderjit Singh Saini, Manager, Human Resources, AMEA

2024 Sustainability Report | 35

Giving Goodness Passport

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At our Radnor, PA, headquarters, we hosted a “Giving Goodness
Passport” event, where associates were invited to travel the worldof giving with the Avantor Executive Leadership Team. Participants
earned stamps for their Avantor passport by writing letters of hopeand encouragement for Operation Gratitude, creating STEM kits
for Girls Inc. of Greater Philadelphia and Southern New Jersey,
donating items to Dress for Success and the American Cancer
Society’s Hope Lodge, setting a personal giving goal and learning
more about our community engagement programs.

First annual month of giving
Avantor and the Avantor Foundation held our first Month of
Giving in November 2023, which focused on giving back to thecommunities where we live and work.
With the help of our Engagement Committees and ACTs,
we hosted 14 events across our three regions. In addition, theAvantor Foundation marked November as Double Dollar Days
for the financial matching program, so any eligible donation
made in November and logged in to the Giving Goodness portal
received a two-for-one match. Together we volunteered more than
1,000 hours and donated over $100,000 to charitable organizations
around the world, surpassing the goals we set for the month. Our
combined giving and volunteer efforts made a difference to morethan 200 unique organizations.

AppendixA S S O C I AT E T E S T I M O N I A L“Science is in Avantor’s DNA, so what could be more appropriate thanholding a workshop for Greenlight for Girls. I was grateful to observe thesparkle in the eyes of these young girls with each newfound discovery;
it was genuinely fantastic. Avantor’s involvement in this event exemplifies
the positive impact companies can make by actively supporting initiatives
that promote diversity in science and technology education.”
Isabel Silva, Marketing Communications Specialist, Europe

2024 Sustainability Report | 36

Sciencefor Goodness
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Innovation& Environment
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Governance& Integrity
Appendix

As a global industry leader, Avantor is committed to strong
corporate governance, which we believe plays a crucialrole in the success of our business and in advancing our
Science for Goodness sustainability strategy.

2024 Sustainability Report | 37

I N T H I S S EC T I O N

Sustainability oversight and management

38

Instilling Science for Goodness

39

Promoting ethics and integrity

40

Responsible supply chain management

41

Risk management and regulatory compliance42

Product safety and compliance policies

44

Governance & Integrity

Sustainability oversight and management
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Appendix2024 Sustainability Report | 38

AVA N TO R S U S TA I N A B I L I T Y S T R U C T U R E

Board ofDirectors

The Board oversees Avantor’s strategy and risk management, including key environmental, social,and governance matters. The Nominating & Governance Committee has primary oversight forsustainability and corporate responsibility matters, while the Compensation & Human Resources
Committee oversees the Company’s talent, culture and compensation structure.

Executive
Leadership TeamThe CEO and Executive Leadership Team provide executive direction and guidance on
environmental, social and governance matters. Individual executive leaders have additional
responsibilities and ownership of key elements within Avantor’s Science for Goodness pillars.

Sustainability
Committee

A cross-functional committee of senior leaders provide comprehensive guidanceand support on environmental, social and governance topics. Appointed Sustainability
Committee members are thought leaders and key sustainability representatives fortheir respective business functions.

Task Forces

Dedicated working groups comprised of relevant functional leaders and subject
matter experts focus on advancing progress toward our sustainability goals.

All Associates

Each associate is a key contributor to achieving our sustainability and social
responsibility objectives.

Instilling Sciencefor Goodness
Sciencefor Goodness
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Community
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Avantor practices responsible corporate governance by
establishing and adhering to best practices, proactively identifying
opportunities for process improvements and developing strong
partnerships, both internally and externally. This commitment
encompasses conducting business in full compliance with allapplicable laws and regulations, maintaining a high degree ofinternal conduct and communication standards, notably throughour Code of Ethics and Conduct and other internal policies, andengaging with our supplier partners around the world to ensure
they adhere to our high standards.
Our Company's mission to set science in motion to create a betterworld is significantly influenced by our senior leadership andtheir dedication to ethical corporate governance. Our Board of
Directors and its committees play a crucial role in guiding Avantor's
governance policies and practices and ensuring that we operatein full compliance with all relevant laws and regulations. They
also ensure we effectively communicate our standards for ethicalbehavior to all associates.

Governance& Integrity

Driving strong
corporate governanceAppendix

Our Board of Directors
In 2023, Avantor’s Board was composed of 10 members, including
nine independent Directors and the Company’s President andChief Executive Officer. Our Independent Chairman, Mr. Jonathan
Peacock, leads the Board, bringing significant industry knowledge
and experience, as well as a deep understanding of Avantor’s
strategic objectives. He upholds the importance of the Board’s
objectivity and independence as it oversees Avantor’s strategy andrisk management, including key ESG matters.
Avantor’s commitment to diversity begins with the Board itself.
Our Directors bring a broad range of expertise, experience andperspectives, all of which help to guide the Company’s strategy
and sustainability initiatives. Avantor believes a broad range ofviewpoints supports a more effective decision-making process,and we aim for Board representation that is diverse in gender,
racial and ethnic identity, age and experience. As part of the Board

2024 Sustainability Report | 39

member search process, the Board’s Nominating and GovernanceCommittee actively seeks individuals from a broad range ofbackgrounds and works to ensure that women and racially andethnically diverse candidates are presented for consideration,
per our Corporate Governance Guidelines.

requirements, our cybersecurity risk framework and threat
assessment readiness and our Enterprise Risk Management (ERM)
program. In terms of sustainability matters, the Committee oversees
ethics and compliance, product quality and safety, and data
privacy and security.

Avantor’s Corporate Governance Guidelines provide the frameworkfor our governance practices. The guidelines outline the Board’s
operating principles, as well as the composition and working
processes of the Board and its committees. More information on
Avantor’s Board and Corporate Governance Guidelines can befound in our Proxy Statement and the Investor Relations sectionof our website.

Compensation and Human Resources
The Compensation and Human Resources Committee assists theBoard by overseeing and evaluating risks related to Avantor’stalent, culture, compensation practices and regulatory compliancewith respect to compensation matters. The Committee’s oversight
responsibilities include compensation structure and programs;
CEO succession planning; recruitment, development and retentionof management and associates; workplace DEI&B initiatives andprogress; and associate relations and workplace culture.

Board committees and their responsibilities
Given the wide range of sustainability concerns relevant to acompany of our size and scale, responsibility for overseeing
these matters is distributed across the Board and its threestanding committees—Audit and Finance; Compensationand Human Resources; and Nominating and Governance—
which are composed entirely of independent directors.
Audit and Finance
The Audit and Finance Committee helps fulfill the Board’s risk
oversight responsibilities by regularly reviewing our accounting,reporting and financial practices. This includes the integrity of
our financial statements, the surveillance of our administrativeand financial controls, our compliance with legal and regulatory

Nominating and Governance
The Nominating and Governance Committee assists the Boardby overseeing its governing processes, organization, membershipand structure. It also leads the succession planning for the Boardof Directors, including director recruiting and director education
discussions. The Committee has primary oversight for sustainability
and corporate responsibility matters and reports regularly on suchmatters to the full Board.

Executive leadership and ESG
Avantor’s CEO and Executive Leadership Team provide direction
and guidance on ESG matters. Day-to-day responsibility forSciencefor Goodness
Introduction

oversight of ESG and Avantor’s Sustainability Program resides
with our Sustainability Committee—a cross-functional committee
of senior leaders that provides comprehensive guidance andsupport on ESG topics. The Sustainability Committee is supported
by dedicated, issue-specific Task Forces comprised of relevant
functional leaders and subject matter experts focused on advancing
progress toward our sustainability goals. The Committee also works
closely with our Senior Director of Enterprise Risk Management(ERM), who integrates sustainability into our strategic planning,risk management and reporting. Additionally, our Global Head of
Sustainability and Senior Vice President, Global Communications
and Brand lead and coordinate Avantor’s Science for Goodness
initiatives and regularly engage with the Board’s Nominating andGovernance Committee.
The Global Head of Sustainability’s responsibilities include:

People& Culture
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Appendix• Regularly assessing priorities to identify the most significant
topics for our stakeholders• Working closely with senior leaders to integrate

The Sustainability Committee is supported
by dedicated, issue-specific Task Forcescomprised of relevant functional leadersand subject matter experts focusedon advancing progress toward oursustainability goals.

sustainability-related priorities into our business operations• Establishing and managing sustainability-related goals,
as well as overseeing the collection, measurement andreporting of ESG data.

Stockholder rights
Avantor’s Board is dedicated to implementing best-in-classcorporate governance practices. We have adopted robust
stockholder rights that promote engagement and underscore
our commitment to Director accountability. These include:• A majority voting standard in uncontested director elections,along with a resignation policy for incumbent directors who
do not receive the required amount of support• Proxy access for stockholders who meet reasonableownership criteria• Provisions allowing stockholders holding 20% or moreof our common stock to call special meetings under
specific circumstances.

The Nominating and Governance Committee continually monitors
practices, evaluates structures to meet stockholder expectations
and presents proposed changes to the Board for approval.

Executive compensation
Our executive compensation program aims to attract highly
skilled executives and promote long-term retention. This isachieved through our pay-for-performance philosophy, which2024 Sustainability Report | 40

ties executive compensation to the Company’s performance.
To further advance our sustainability strategy, our executive
compensation plan includes performance metrics linked to
Avantor’s sustainability goals. Measurable objectives related toleadership diversity and GHG emissions are included in the annual
incentive-based compensation. More details can be found in our
2024 Proxy Statement.

Promoting ethics
and integrity
Avantor upholds high ethical standards across our operations
and our value chain. Our Code of Ethics and Conduct guides
our internal conduct and communication standards, while our
Responsible Supplier Code of Conduct outlines our ethical andsustainability expectations for the suppliers, contractors andnongovernmental organizations we work with.

Code of Ethics and Conduct
Our Code of Ethics and Conduct applies to all Avantor Directors,
Officers and Associates, including our President and Chief
Executive Officer, Chief Financial Officer, Chief Accounting Officer
and other executive leadership. The Code sets forth policies andexpectations on a number of topics, including conflicts of interest,
compliance with laws, use of Company assets and generalbusiness practices.

The Code is translated into 15 different languages toensure our associates throughout the world understandand embrace our values. Each year, associates are required
to participate in our Code of Ethics and Conduct training andacknowledge that they have received, read and will uphold thesestandards. After enhancing our required ethics and conduct
training in 2022, we saw a 97% training completion rate in 2023
for existing associates. Beginning January 1, 2023, all new hires aretrained on our Code as part of our updated onboarding process.
Through this alignment, we ensure that all Avantor associates
understand their role in upholding the highest ethical standards
and conducting themselves with the utmost integrity.

Ethics helpline
As part of our commitment to maintaining high ethical standards,
we collaborate with an independent service provider to operate our
Ethics Helpline. This allows concerns to be reported anonymously,
24/7, 365 days a year, from anywhere in the world. We encourage
all associates and anyone conducting business on behalf ofAvantor to operate ethically, in compliance with the law, andin alignment with our Code of Ethics and Conduct. In 2022, we
expanded helpline access to our suppliers, offering hard-to-reachworkers the opportunity to raise concerns and report any violationsof our policies.
We encourage the use of the helpline and other internal avenues
to report concerns while maintaining anonymity. Helpline resources
are available in the local language of each region where we
operate. All reports are received and managed by Avantor's internal
compliance team. The Board’s Audit and Finance Committee
reviews helpline reports semi-annually, while substantiatedallegations and other significant matters may be escalated to theCommittee immediately.

Anti-corruption policies
We maintain a strict policy against bribery and corruption for the
purpose of obtaining or retaining business. We are committed tocomplying with the United States Foreign Corrupt Practices Act(FCPA) and the anti-corruption and anti-bribery laws of all countries
in which we operate. Our policies and the FCPA prohibit individuals
and covered entities from making, promising, offering or authorizing
payments or gifts to a foreign government official for the purposeof influencing an act or decision of the foreign official in his or her
official capacity in order to assist in obtaining or retaining business.

We and our associates are also obligated to maintain accurate
books records, and accounts, which fairly reflect transactions anddispositions of assets.

Sciencefor Goodness

Exceptions to our policies may be allowed only with prior written
approval from the Legal Department, ensuring strict adherence tolocal laws and our anti-corruption policies. Actions prohibited by ouranti-corruption policy are also prohibited if taken indirectly throughthird-party representatives. Therefore, we expect our associates to
conduct meaningful due diligence on third-party representatives,
such as agents, dealers and other business partners, to ensure
they do not violate our policies or the FCPA, local anti-bribery or
anti-corruption laws on our behalf.

Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

1

The program initially launchedwith six topic areas. To streamline
supplier engagement, we havesince combined water anddeforestation under nature
conservation and responsible
packaging and waste underresource circularity.

Responsible
supply chain
management
Avantor recognizes we cannot achieve our long-term sustainability
goals without the support of our suppliers. To better ensure wepartner with suppliers who share our values and our commitment
to Science for Goodness, Avantor developed our Responsible
Supplier Program, which, after a pilot in 2022, officially launched
in June 2023. This exciting new program aims to improve supplierperformance across four priority sustainable sourcing topics:
climate change, human rights, nature conservation and resource
circularity1. Building on our strong supplier relationships, some ofwhich have been in place for more than 20 years, Avantor enrolled
more than 340 suppliers, representing 45% of our supplier spend,
into the program in 2023.
The Responsible Supplier Program’s objectives are tied to three
activation pillars: performance, collaboration and recognition.
In 2023, the primary objectives for each pillar were:• Performance: Start building practices to monitor
supplier performance• Collaboration: Continue collaborating with industry peers
on our nature priorities• Recognition: Launch the Responsible Supplier Program Awards
2024 Sustainability Report | 41

To measure improvement in our suppliers’ sustainability
performance over time, we developed four key performanceindicators (KPIs) across our sustainability priorities. In year
one of the Responsible Supplier Program, Avantor used thedata we collected from our suppliers to understand performancegaps and identify how to help suppliers close these gaps.
The four KPIs are:

• Short-term emissions targets validated by the SBTi
• Adherence to the UN Guiding Principles Reporting Framework• Environmental targets in place• An industry average or better EcoVadis score for priority suppliers
Avantor aims to increase participation in the Responsible Supplier
Program in 2024 and to update our key performance indicators
now that our baseline has been established. More information
on Avantor’s Responsible Supplier Program can be found in
the program’s End of Year report. For more information on our
Responsible Supplier Program, including relevant policies andstatements, please visit our website.

Nature Steward Alliance
Avantor continues to support the Nature Steward Alliance,
established by five life sciences companies, including Avantor,
with the aim of improving nature acumen and enabling nature
conservation in the supply chain. In 2023, the Nature Steward
Alliance and the Nature and Biodiversity Peer Group joined forces
to help companies navigate and coordinate the growing wave
of nature-related efforts. Moving forward, this collaboration will
enhance the ability of the members to increase education andsustainable improvements across the supply chain.

“The Responsible Supplier Programis a really important element of
our sustainability strategy. Last
year, nearly half of our suppliers byspend signed up for it and we havea higher target this year reflecting
how important it is for our suppliers
to provide sustainability."
For more on how we’re reducing emissions
throughout our operations and supply chain,
listen to our interview with Randy Stone,
Executive Vice President, Laboratory Solutions

Partnering to Enhance
Responsible Sourcing
Avantor partnered with one of our customers
in 2023 to drive sustainable improvements andinnovations across our shared glove supply chain.
We piloted a new supply chain transparency tool
and, in collaboration with our customer, selected
149 priority suppliers for inclusion in the platform’s
database. This tool allowed us to proactively
identify risks associated with 37 of our suppliers.
We are now incorporating these findings into ouroverall monitoring practices in the Responsible
Supplier Program and are continuing to work onother initiatives with our customers in 2024.

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment

Appendix

Human rights and labor
We hold all individuals and entities associated with ourbusiness, including management, associates, visitors, contractors,
vendors and suppliers, accountable for respecting humanrights and upholding fair labor standards in all global business
operations. Despite operating in various countries with different
laws and practices, we will not engage in business with any
individual or company that we know exploits child, forced,
indentured or slave labor and we will continue to take steps toimprove transparency in our value chain.
We are committed to providing a safe, healthy and positive
workplace with working conditions, wages and benefits that meetor exceed applicable laws. We adhere to proper working hours andcompensation practices, including overtime pay, consistent withlocal regulations. We expect everyone conducting business on ourbehalf to do the same, acting ethically and in compliance with thelaw, and in alignment with our Code of Ethics and Conduct and our
Responsible Supplier Code of Conduct.

2024 Sustainability Report | 42

Avantor’s Enterprise Risk Management (ERM) program provides aframework for identifying, prioritizing and mitigating or eliminating
material risks across Avantor’s businesses. The framework
analyzes key ESG risks, along with strategic, financial, operational,
compliance, personnel and external risks. Our approach to ERM
promotes collaborative and constructive communication and helps
to drive appropriate tracking, testing, planning and target-setting
across key risks, while also better preparing senior leaders and theBoard to address emerging risks and opportunities.

ERM roles and responsibilities

Community
Engagement
Governance& Integrity

Risk management
and regulatorycompliance

Conflict minerals
Avantor is committed to sourcing minerals— specifically tin,tantalum, tungsten and gold— from suppliers who share our values
and uphold practices that do not contribute to armed conflict orhuman rights abuses. We depend on our suppliers to disclose theorigin of these minerals in the components, raw materials andproducts they supply to us, including those sourced from sub-tiersuppliers. In line with the Organization for Economic Co-operation
and Development (OECD) guidelines, Avantor follows a five-stepprocess for conflict mineral due diligence. This process includes
requesting that suppliers utilize the Responsible Minerals Initiative(RMI) Conflict Minerals Reporting Template to identify the metalsmelters or refiners and their respective countries of origin. Our
tracking system monitors supplier responses and due diligenceprogress, enhancing transparency in our supply chain.

Avantor’s Senior Director of ERM leads the organization’s ERM
program and partners with the Executive Leadership Team toensure a risk-aware culture and adherence to our high ERM
standards across the organization. The Senior Director of ERM
also partners with Avantor’s Sustainability Committee to integratesustainability and corporate responsibility into our strategicplanning, risk management and reporting.
Our ERM Department tracks and manages key risks and develops
risk mitigation strategies, using standardized templates andmethodologies. They are supported by our Internal Audit function
which validates risk mitigation strategies as part of its annual
Internal Audit Plan activities.

ERM oversight
Our ERM process is overseen by our Board of Directors and theBoard’s Audit and Finance Committee. The Committee receives
and approves regular reports on priority risks and mitigationplans to address those risks. It also approves updates to the ERM
program’s design and the Executive Leadership Team’s overall
approach and strategy concerning specific business risks andrelative risk tolerance overall.
The Executive Leadership Team is charged with ensuring the ERM
program remains operational by allocating resources to ensure it canaddress risks and regularly revise and update its strategic approach.

Data and information security
We rely on sophisticated information systems to obtain, rapidly
process, analyze and manage data in order to effectively
operate our business. We are committed to protecting ourbusiness information, intellectual property, customer, supplierand associate data and information systems from cybersecurity
risks and maintain an active cybersecurity risk management andstrategy program, which is integrated in our ERM program.

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

We maintain enterprise-wide information security policies,
processes and standards that set the requirements aroundacceptable use of information systems and data, risk assessmentand management, identity and access management, data
security, security operations, security incident response and threat
and vulnerability management. We also perform formal risk
assessment activities annually, aligned to the National Instituteof Standards and Technology (NIST) 800-171 Cybersecurity
Framework, as its program controls are designed to protect andmaintain confidentiality, integrity and continued availability of ourdata and information systems.
Our team of information security professionals monitors our
information systems for cybersecurity threats, breaches, intrusions
and other weaknesses, responds to cybersecurity incidents,
develops and implements plans to mitigate cybersecurity threats
and facilitates training for our associates.
We also engage consultants and other third-party advisors
to conduct independent assessments of our cybersecurity
readiness and control effectiveness. In collaboration with externalcybersecurity firms, we seek to gain insights into emerging threats
and vulnerabilities, industry trends and leading practices to

Our team of information security
professionals monitors our information
systems for cybersecurity threats, breaches,
intrusions and other weaknesses, responds
to cybersecurity incidents, develops andimplements plans to mitigate cybersecurity
threats and facilitates training forour associates.

2024 Sustainability Report | 43

inform our cybersecurity response, risk remediation and resiliencecapabilities, including by working with an external incident response
team, receiving third-party threat intelligence, participating inincident tabletops and performing assessments and controls testingon our enterprise environment.
Our program includes procedures to oversee and identify
cybersecurity risks and threats to our third-party service providers,which include evaluations performed by our team of information
security professionals, review of independent assessment
documentation and continuous monitoring of third-party
independent posture scoring. We also include security anddata protection provisions in our contractual arrangementswith third-party service providers where applicable.
Additionally, we have purchased a cybersecurity risk insurance policythat would reduce the costs associated with a covered cybersecurity
incident if it occurred. Although no cybersecurity incident during2023 resulted in an interruption of our operations, known lossesof critical data, or otherwise had a material impact on Avantor’s
strategy, financial condition or results of operations, the scope andimpact of any future incident cannot be predicted. See “Item 1A. Risk
Factors and Item 1C. Cybersecurity” in our most recent Annual Reporton Form 10-K for more information on how material cybersecurity
attacks may impact our business.

Data privacy
Avantor is committed to ensuring our stakeholders’ data remains
secure and confidential and is only used according to specified
business purposes and applicable laws. We are also committed
to the fair and lawful treatment of personal information about
associates and contract workers (past or present), prospective
associates and their dependents, beneficiaries and emergency
contacts that Avantor collects or processes, or that others havecollected or processed on our behalf.

Regulatory management
Avantor is fully committed to complying with the regulatory
requirements in every region in which we operate. Our Regulatory
Affairs Department has expertise in a wide array of regulatory
domains relevant to the life sciences. They routinely interact withregulatory organizations and authorities throughout the world andensure Avantor complies with quality, performance and reliability
regulations. Product quality is assured by our quality systems,
beginning with an effective design protocol and continuing up the
supply chain, from vendor qualification through product distribution.

Business continuity
Avantor maintains thorough disaster recovery plans to ensure
a rapid response and recovery following any disruption to ouroperations. These recovery plans are intended to foster anorderly continuance (or resumption) of Avantor’s core services
to customers, while also ensuring the safety of our associates.
Our Crisis Management program, implemented at key
facilities globally, allows for resilience in operations in theevent of a crisis or disaster. We believe in a predefined reaction
and recovery framework to allow for a methodical and controlled
response. Crisis management and disaster recovery initiatives are
periodically reviewed, updated and tested in a spirit of continuous
improvement and in alignment with industry best practices.

Continuous improvement training
The Avantor Business System (ABS) is more than just a set oftools—it is foundational to how we work, empowering ourassociates to make improvements at the local level. In 2023, morethan 1,000 associates participated in ABS workshops and Kaizen
events driving enhancements to business processes and ultimately
stakeholder experience.

Product safety
and compliancepolicies
Sciencefor Goodness

Across Avantor’s operations, our demonstrated commitment toexcellence strengthens our ability to fulfill global standardization andquality assurance requirements, as well as ensures our compliancewith both national and international laws and regulations.

Introduction

Quality is the foundation for all of Avantor's processes, programs,
products and solutions. Our rigorous quality systems and standards
guarantee product excellence, from our robust design protocol

People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix2024 Sustainability Report | 44

through the entire value chain—quality forms the basis for thevalue we provide our customers each and every day.
Avantor’s management systems, manufacturing processes, services
and documentation procedures are meticulously crafted to support
our numerous certifications and regulatory approvals. We operate
19 Current Good Manufacturing Practice (cGMP) facilities. We also
manage and maintain more than 791 master access files (MAF)
and drug master files (DMF) registered with regulatory bodies
worldwide, which facilitate the approval process for medical
and pharmaceutical products. Underpinning our commitment tooffering the highest level of quality and safety in our processes,
we successfully completed our ISO certification audit cycle for
our European Integrated Management System with only one
non-conformance across the network. The audit’s scale included
33.5 days of onsite evaluation to complete our Integrated

Management System focusing on ISO 9001, ISO 14001 and ISO
45001. This triple recertification exemplifies our commitment to
uphold industry best practices in quality, safety and environment.
Because Avantor serves industries subject to rigorous regulation,
it is crucial our supply chain can be trusted by our customers
and others. We conduct business in full compliance with relevant
national and international laws and regulations, focusing on:
Environment, Health, Safety, Security & Sustainability (EHSS&S);
Product Information Compliance; Quality; and Regulatory Affairs.
In 2023, 2,215 Avantor associates completed more than 18,200
quality-related trainings. These curated courses help ensure
Avantor retains our best-in-class culture of improvement andcollaboration, allowing us to meet all customer requirements error
free, on time, every time.

Appendix
Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix
Appendix

About this reportThank you for your interest in Avantor’s 2024 Science for Goodness Sustainability Report.
We published this report to provide an overview of our Company’s operations related tosustainability topics that are important to our business and our stakeholders. This report,
including relevant data and disclosures, is for the calendar year starting on January 1, 2023
and ending on December 31, 2023, unless otherwise noted in specific sections or disclosures.
We intend to continue to report annually on our sustainability progress.
We reference several sustainability reporting frameworks and standards to inform data and information
disclosed in this report, including those outlined by the Sustainability Accounting Standards Board(SASB) and recommendations from the Task Force on Climate-related Financial Disclosures (TCFD).
A SASB index can be found on page 49 and a TCFD index can be found on page 54.
For the purposes of this report, the concept of materiality used is based on a definition of materiality
specific to the assessment of sustainability topics and does not correspond to the concept ofmateriality used in the securities laws and disclosures required by the U.S. Securities and Exchange
Commission (SEC). Issues that we identify as “material” from a sustainability perspective are notnecessarily material to the Company under securities laws, rules and regulations in place at publication.
For additional information regarding this report and its contents, please visit our website.
This report contains forward-looking statements, including but not limited to sustainability goals,
strategies, plans and progress. Any and all forward-looking statements are subject to internal andexternal uncertainties, risks and opportunities that could change actual future goals or strategy.
We assume no obligation to update or amend any forward-looking statements found in this year’s
Science for Goodness Sustainability Report should future conditions change.

2024 Sustainability Report | 45

Data summary
People and Culture Data
Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

Women in management positions, by level1

Associates by gender1
Total associates

14,589Position Level

FemaleMale

Female45%

Executive Leadership2

36%

64%

Male

55%

Leadership3

37%

63%

Individual contributor4

47%

53%

Associates by employment type, by gender1
Full TimePart Time

Female

6,064

334

Male

7,643

125

Associates by region
AMEA

2,620

18.0 %

Americas

6,538

44.8%

Europe

5,431

37.2%

Associates choosing “Undeclared”
were removed from the calculation
for percentage.
2“Executive Leadership” is defined as
VP and above.
3“Leadership” positions are defined as
manager and above and positions that
contain a supervisory organization ormore than 1 direct report.
4“Individual Contributor” positions do
not have a supervisory organization or
direct reports.

2024 Sustainability Report | 46

Executive Leadership2

Leadership3

Individual Contributor 4

Asian

7.5%

12.5%

8.7%

Black or African American

6.3%

5.0 %

15. 8%

Hispanic or Latino

8.8%

7.9%

2 9.7%

White

73.7%

70.5%

41.6%

Two or More Races

3.8%

3.6%

3. 2 %

Ethnicity not Specified / Other

0.0%

0.3%

0.1%

Total recordable incident rate (TRIR)

Racial / ethnic group representation of U.S. associates

1

Racial / ethnic group representation of U.S. management, by level

Asian

539

9%

Black or African American

714

12%

Ethnicity Not Specified or Other

15

0%

Hispanic or Latino

1,337

22%

Two or More Races

197

3%

White

3,125

52%

2020

2021

2022

2023

0.50

0.45

0.40

0.43

Sciencefor Goodness

People and Culture Data (continued)

Innovation and Environment Data

New hires by age and gender

Scope 1 and 2 GHG emissions (MTCO2e)1

Under 30 years of age

Between 30 and 50 years of age

Over 50 years of age

Year

Scope 1

Scope 22

Female

525

431

118

2019

27,871

38,194

Male

533

631

155

2020

25,96935,9162021

26,53433,1822022

25,34032,5072023

26,09528,933New hires by age and region
Under 30 years of age

Between 30 and 50 years of age

Over 50 years of age

AMEA

469

204

2

Americas

880

526

185

Europe

645

341

41

Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

Turnover by level

Data reported in metric tons of CO2
equivalents representing 61 sites globally2
From 2019-2022 Scope 2 data shown was
location-based. Starting in 2023, Scope 2
data is market-based.
3
MWh per $M USD Net Sales.
4
MTCO2e per $M USD Net Sales.

2024 Sustainability Report | 47

Year

Total Energy

Natural gas

Electricity

DieselOil

2019

235,190

136,945

97,571

395

279

2020

220,507

127,779

92,219337

172

Position Level

Voluntary (%)

Involuntary (%)

2021

217,739

127,518

89,670282

269

Executive Leadership

10 (9%)

8 (7%)

2022

211,262

121,769

88,958227

308

Leadership

157 (9%)62 (4%)

2023

212,129

126,064

85,593273

199

Individual contributor

1,744 (14%)

782 (6%)

The total rate of associate turnover in 2023 was 19%.

10% total reduction in energy use since 2019.

2023 Intensity metrics

Turnover by age and gender

1

Energy use (in MWh)

Under 30 years of age

Between 30 and 50 years of age

Over 50 years of age

Female

384

546

268

Male

427

729

322

MetricMWh per $M-USD Net3

MWh per Associate

Energy Intensity

31.66

14.54

MTCo2e per $M-USD Net4

MTCo2e per Associate

8.21

3.77

Greenhouse gas
emissions intensity

Turnover by age and region
Under 30 years of age

Between 30 and 50 years of age

Over 50 years of age

AMEA

277

227

6

Americas

359

637

395

Europe

257

416

180

Sciencefor Goodness

Innovation and Environment Data (continued)

Governance and Integrity Data

Waste generation, diversion, recycling and disposal (MT)1

Board

Year

Recycled

Waste to Energy

Landfilled

Total Waste Generated

Total Members

10

2020

4,681

509

4,227

9,417

Female Members

3

2021

4,880

349

5,454

10,683

Male Members

7

2022

4,296

576

4,067

8,939

2023

4,481

423

4,329

9,232

Board diversity by age

Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix

Water withdrawal2
2023

3,029 ML

<40

0

40-49

0

50-59

7

60-69

3

70+

0

ISO certifications
RegionIS0 9001

Americas32

Europe

44

AMEA

10

Supplier diversity
Data reported in metric tons. representing 35
sites globally.
2
Data reported in million liters (1,000 m3)
representing 41 sites globally.
3
North American spend only.

Total number of diverse suppliers

1,196

1

2024 Sustainability Report | 48

Diversity Spend as % of Total Spend

3

11.7%

SASB index
This index includes and references information related to the Sustainability Accounting Standards Board (SASB) Medical Equipment and Supplies Standard. Given the unique nature of our business, this index
also includes topics and metrics from the SASB Standards applicable to the Biotechnology and Pharmaceuticals industry and the Chemicals industry that capture information relevant to our Company.

Sciencefor Goodness

Code

Category

Unit of Measurement

MetricDisclosure

Ratio

Ratio of weighted average rate of net price increases (for all products)
to the annual increase in the U.S. Consumer Price Index

Because of the nature of our business-to-business selling model and ourdiverse customer base, in which we have no single end customer comprisingmore than 5% of net sales, the ratio of weighted average rate of net priceincreases to the annual increase in the U.S. Consumer Price Index is notmaterial or relevant to Avantor.

Affordability and pricing
HC-MS-240a.1

Quantitative

Introduction
People& Culture
Innovation& Environment

2023 Form 10-K p. 3

Product safety
HC-MS-250a.1

Quantitative

NumberNumber of recalls issued, total units recalled

There have been no (0) Avantor product recalls issued.

HC-MS-250a.2

Discussion
and analysis

n/aList of products listed in the FDA’s MedWatch Safety Alerts for Human
Medical Products Database

There have been no (0) Avantor manufactured products listed in the
FDA's MedWatch Safety Alerts for Human Medical Products Database.

HC-MS-250a.3

Quantitative

NumberThere have been no (0) reported fatalities.

Governance& Integrity

Number of fatalities related to products as reported in the FDA
Manufacturer and User Facility Device Experience

HC-MS-250a.4

Quantitative

NumberNumber of FDA enforcement actions taken in response to violationsof current Good Manufacturing Practices (cGMP), by type

There were no (0) FDA enforcement actions taken in response to violationsof current cGMP in 2023.

Appendix

Ethical marketing
HC-MS-270a.1

Quantitative

Reporting currency

Total amount of monetary losses as a result of legal proceedings
associated with false marketing claims

There have been no (0) monetary losses as a result of legal proceedings
associated with false marketing claims.

HC-MS-270a.2

Discussion
and analysis

n/aDescription of code of ethics governing promotion of off-label
use of products2024 Science for Goodness Report > Product safety and compliance policies

Community
Engagement

Avantor Code of Ethics and Conduct
Avantor Responsible Supplier Code of Conduct
We follow relevant healthcare and product codes and laws applicable
to Avantor's business, but do not have specific policies related to off-label
use of products.

2024 Sustainability Report | 49

CodeCategory

Unit of Measurement

MetricDisclosuren/aDiscussion of process to assess and manage environmental and humanhealth considerations associated with chemicals in products, and meetdemand for sustainable products2024 Science for Goodness Report > Product safety and compliance policies

Product design and lifecycle management
HC-MS-410a.1

Discussion
and analysis

2024 Science for Goodness Report > Offering Environmentally Preferable ProductsManagement of Change
Sustainable Product Innovation

Sciencefor Goodness

HC-MS-410a.2

Quantitative

Metric tons (t)Total amount of products accepted for takeback and reused,recycled, or donated, broken down by: (1) devices and equipmentand (2) supplies

2024 Science for Goodness Report > Reducing Product End-of-Life Impacts
VWR Recycling and Waste Diversion Solutions

Introduction
People& Culture

386 MT

Supply chain management
HC-MS-430a.1

Quantitative

Percentage (%)

Innovation& Environment

Percentage of (1) entity's facilities and (2) Tier I suppliers' facilities
participating in third-party audit programs for manufacturing andproduct quality

Avantor maintains ISO certifications that ensure our management systems,
manufacturing processes, services, and documentation procedures meet
all requirements for global standardization and quality assurance. Thesecertifications include ISO 9001, ISO 13485, FSSC 22000, and AS 9100.
In addition to ISO certifications, many of Avantor’s facilities operate incompliance with other relevant Quality System standards and regulations.

Community
Engagement

Avantor does not currently report the percentage of Tier 1 supplierfacilities participating in third-party audit programs for manufacturing
or product quality.

Governance& Integrity

2024 Science for Goodness Report > Product safety and compliance policies

Appendix

The value of ISO certification at Avantor
HC-MS-430a.2

Discussion
and analysis

n/aDescription of efforts to maintain traceability within the
distribution chain

Avantor tracks identifying information of a product throughout the various
stage of manufacturing and distribution. We maintain traceability throughaccounting for product part numbers, serial numbers, and lot numbers.
Quality and compliance2024 Science for Goodness Report > Responsible supply chain management2024 Sustainability Report | 50

CodeCategory

Unit of Measurement

MetricDisclosure

HC-MS-430a.3

Discussion
and analysis

n/aDescription of the management of risks associated with the useof critical materials

Avantor's Enterprise Risk Management (ERM) program provides
a framework for identifying, prioritizing, and assigning ownershipfor mitigating or eliminating risks. This approach promotes constructive
dialogue and helps to drive appropriate tracking, testing, planning, andtarget-setting across key risks, while also better preparing management
and the Board to address emerging risks and opportunities.
We maintain thorough business continuity plans to ensure a response
and recovery framework can be quickly deployed following a disruption
in our operations.

Sciencefor Goodness

Avantor relies on suppliers to provide information about the origin of
critical materials contained in the components, raw materials, and products
supplied, including sources of these materials that are supplied to them fromsub-tier suppliers.

Introduction
People& Culture2024 Science for Goodness Report > Product safety and compliance policies

Innovation& Environment

Avantor Responsible Supplier Code of Conduct

Community
Engagement
Governance& Integrity
Appendix2024 Science for Goodness Report > Responsible supply chain management

Avantor Conflict Minerals Statement

Business ethics
HC-BP-510a.1

Quantitative

Reporting currency

Total amount of monetary losses as a result of legal proceedings associatedwith bribery or corruption

There have been no (0) monetary losses as a result of legal proceedings
associated with bribery or corruption.
2023 Form 10-K p. F-35

HC-BP-510a.2

Discussion
and analysis

n/aDescription of code of ethics governing interactions with healthcare professionals

Our core values guide our business actions and decisions, while our Codeof Ethics and Conduct provides the foundation upon which we build trustwith all our stakeholders. We maintain several policies to ensure we meetthe highest standards in areas including conflicts of interest, compliancewith laws, use of Company assets, investigations and corrective actions forviolations of Company policy, and our general business practices.
2024 Science for Goodness Report > Promoting ethics and integrity
Code of Ethics and Conduct

2024 Sustainability Report | 51

CodeCategory

Unit of Measurement

MetricDisclosure

Discussion of talent recruitment and retention efforts for scientists andresearch and development personnel

2024 Science for Goodness Report > People and Culture >Creating a culture of innovation and inclusivity

Employee recruitment, development and retention
HC-BP-330a.1

Discussion
and analysis

n/a2024 Science for Goodness Report > People and Culture >Reaching Future Associates

Sciencefor Goodness

Attracting & Developing our Associates
HC-BP-330a.2

Quantitative

Rate

1) Voluntary and (2) involuntary turnover rate for: (a) executives/senior
managers, (b) midlevel managers, (c) professionals, and (d) all others

Total rate of associate turnover: 19.0%

Turnover by level

Introduction

Position Level

Voluntary (%)

Involuntary (%)

People& Culture

Executive Leadership9%

7%

Leadership

9%4%

Innovation& Environment

Individual Contributor

14%

6%

Community
Engagement
Governance& Integrity
Appendix2024 Sustainability Report | 52

Greenhouse gas emissions
RT-CH-110a.1

Quantitative

Metric tons (t) CO₂-e,
Percentage (%)

Gross global Scope 1 emissions, percentage covered underemissions-limiting regulations

Scope 1 GHG emissions: 26,095 MTCO2e
Scope 2 GHG emissions: 28,933 MTCO2e2024 Science for Goodness Report > Innovation and Environment >Climate Change and Energy Management

RT-CH-110a.2

Discussion
and analysis

n/aDiscussion of long-term and short-term strategy or plan to manage Scope
1 emissions, emissions reduction targets, and an analysis of performanceagainst those targets

2024 Science for Goodness Report > Innovation and Environment >Climate Change and Energy Management

Code

Category

Unit of Measurement

MetricDisclosure

Quantitative

Gigajoules (GJ),
Percentage (%)(1) Total energy consumed, (2) percentage grid electricity,(3) percentage renewable, (4) total self-generated energy

Total energy consumed: 212,129 MWh

Energy management
RT-CH-130a.1

2024 Science for Goodness Report > Innovation and Environment >Climate Change and Energy Management

Water management

Sciencefor Goodness

QuantitativeThousand cubic meters(m³), Percentage (%)(1) Total water withdrawn, (2) total water consumed, percentage of each inregions with High or Extremely High Baseline Water Stress

Total water withdrawn: 3,029 m³

RT-CH-140a.3

Discussion
and analysis

n/aDescription of water management risks and discussion of strategies andpractices to mitigate those risks

2024 Science for Goodness Report > Innovation and Environment >Water Reduction and Reuse

Discussion
and analysis

n/aDiscussion of engagement processes to manage risks and opportunities
associated with community interests

Emergency preparedness exercises are held across many of our global
locations, often in collaboration with local, municipal, and government
response teams to ensure adherence to safety standards and protect thewell-being of our associates and the community. These drills encompass
various scenarios such as evacuation procedures, responses to natural
disasters, active shooter situations, and other emergencies that could
impact business continuity. Documentation of drills occurs at the locationlevel, facilitated by Avantor's utilization of an EHS management system
tool, which captures and verifies completed tasks for effective monitoring
and compliance.

Introduction
People& Culture

Community relations
RT-CH-210a.1

Innovation& Environment
Community
Engagement
Governance& Integrity

Workforce health and safety
RT-CH-320a.1

QuantitativeRate(1) Total recordable incident rate (TRIR) and (2) fatality rate for(a) direct employees and (b) contract employees

TRIR - 0.43
Zero (0) fatalities for employees and contractors

RT-CH-320a.2

Discussion
and analysis

n/aDescription of efforts to assess, monitor, and reduce exposure of employees
and contract workers to long-term (chronic) health risks

2024 Science for Goodness Report > People and Culture >Caring for our associates

Appendix1

 ata in thousand cubic meters (M3)D
representing 41 sites globally.

2024 Sustainability Report | 53

1

RT-CH-140a.1

TCFD disclosures
The following index references the Task Force on Climate-related Financial Disclosures (TCFD) Framework.

TCFD Recommendation

Sciencefor Goodness

Governance: Disclose the organization’s governance around climate-related risks and opportunities
Describe the board’s oversight of climate-related risks
and opportunities

Introduction

Community
Engagement
Governance& Integrity

The full Board of Directors has oversight of the Company’s sustainability and corporate responsibility, and receives updates throughout the year, at least semi-annually.
These discussions include updates on the Company’s sustainability goals, progress and reporting under its four sustainability pillars, with a particular focus on
climate-related topics. The Board receives an annual briefing from an outside consultant on the evolving climate landscape, including investor and customer
expectations, as well as evolving disclosure landscape. In 2023, our Global Head of Sustainability presented the Company’s new near-term science-based targets to
the Board, which has fully supported management as we enhance our energy and emission management practices.
The independent Nominating & Governance Committee of the Board of Directors has primary responsibility for sustainability, corporate responsibility andenvironmental, social and governance efforts and associated risks, including those related to climate. The Committee receives updates, at least bi-annually,on progress towards our sustainability goals and risks, and reports regularly on such matters to the full Board.

People& Culture
Innovation& Environment

Response

Describe the management’s role in assessing andmanaging climate-related risks and opportunities.

Avantor's CEO and Executive Leadership Team provide direction and guidance on ESG matters, including climate risks and opportunities. Additionally, our Global Headof Sustainability and Senior Vice President, Global Communications and Branding lead and coordinate Avantor’s sustainability strategy and regularly engage with theBoard’s Nominating and Governance Committee as noted above.
The Global Head of Sustainability’s responsibilities include:• Regularly assessing priorities to identify the most significant topics for our stakeholders• Working closely with senior leaders to integrate sustainability-related priorities into our business operations• Establishing and managing sustainability-related goals and overseeing the collection, measurement and reporting of ESG data.
The Senior Vice President, Global Communications and Brand responsibilities include:• Providing regular updates to the ELT and Board on sustainability and ESG topics

Appendix• Overseeing internal associate communications on ESG topics and alignment across the business strategy• Ensuring executive goal owners are driving progress toward our ESG and sustainability goals• Effectively communicating Avantor’s ESG work to ensure visibility among external audiences
Oversight of Avantor’s Sustainability Program resides with our Sustainability Committee, a cross-functional committee of senior leaders that provides comprehensive
guidance and support on environmental, social and governance topics. Functions represented on the committee include Finance, R&D, Operations, Legal, Sourcing,
Commercial and HR.
The Sustainability Committee is also supported by issue-specific Task Forces. These working groups are comprised of relevant functional leaders and subject matter
experts. For example, the Climate Task Force implements the strategy to achieve emissions reduction targets and climate change readiness and the Responsible
Supplier Task Force addresses these topics with our suppliers.
2024 Science for Goodness Report > Governance and Integrity > Executive Leadership and ESG, pp. 39-40
2024 Science for Goodness Report > Governance and Integrity > Responsible supply chain management, p. 41

2024 Sustainability Report | 54

TCFD Recommendation

Response

Strategy: Disclose the actual and potential impacts of climate‐related risks and opportunities on the organization’s businesses, strategy and financial planning.
Describe the climate-related risks and opportunities
the organization has identified over the short, medium andlong term.

Avantor has identified the opportunity to reduce operating costs through initial benchmarking of our operations, prioritization of emissions, energy and water efficiency
opportunities within our operational facilities and sites and identifying and implementing GHG emissions, energy, water and/or waste conservation measures. This will
have a measurable reduction on our environmental impact and operating expenses.

Sciencefor Goodness
Introduction
People& Culture

We consider near and longer term risks including: current and emerging regulation, technology, market risk and opportunities, reputation risk and opportunities,
acute and chronic physical risk, and legal and liability implications. Climate change risks and opportunities identified include product and services, supply andvalue chain and operations.

We view our GHG emissions targets as not only a key element of corporate social responsibility, but also as a business imperative. Indeed, many of our customers haveset science-based targets of their own and have requested or required ambitious decarbonization efforts from their suppliers.
Describe the impact of climate-related risks andopportunities on the organization’s businesses, strategy
and financial planning.

Avantor recently submitted new climate targets that are in line with the 1.5°C pathway and are in the review process to have these validated by the Science Based
Targets initiative (SBTi). Avantor has developed a low-carbon transition plan in line with these targets and integrated climate change into the Company’s short-termand long-term business strategies. We continue to integrate into financial planning from a direct cost, capital expenditures and capital allocation and potential cost
improvement standpoint, as well as directly into our overall enterprise risk management process.
In addition to operational efficiency and resilience, our customers have increasingly turned to supplier partners to address surrounding climate-related issues.
We actively engage with our customers regarding their climate-related expectations and have integrated their input and perspective into our climate strategy.
Additionally, customers are actively working to procure more sustainable and environmentally responsible products and services.

Innovation& Environment

By addressing climate within our own operations and value chain and providing sustainable products and services solutions to meet customer demand, we believe that weare positioning Avantor to solidify its position as the supplier of choice and promoting more sustainable innovations that advance life-changing scientific breakthroughs.

Community
Engagement2024 Science for Goodness Report > Innovation and Environment > Creating a Sustainable Future with Smart Solutions, pp. 29-30

Risk Management: Disclose how the organization identifies, assesses and manages climate-related risks.

Governance& Integrity
Appendix2024 Sustainability Report | 55

Describe the organization’s process for identifying andassessing climate-related risks.

2024 Science for Goodness Report > Governance and Integrity > Risk management and regulatory compliance, pp. 42-43
2024 Science for Goodness Report > Materiality, p. 9

TCFD Recommendation

Response

Metrics and Targets: Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities.

Sciencefor Goodness
Introduction
People& Culture
Innovation& Environment
Community
Engagement
Governance& Integrity
Appendix1

 ased on 2019 emissions
Bbaseline reported in metric tonsof CO2 equivalents representing
61 sites globally.

2024 Sustainability Report | 56

Disclose the metrics used by the organization to assessclimate-related risks and opportunities in line with its
strategy and risk-management process.

2024 Science for Goodness Report > Innovation and Environment > Climate Change and Energy Management, pp. 25-26

Disclose Scope 1, Scope 2 and, if appropriate, Scope 3
greenhouse gas (GHG) emissions and the related risks.

Scope 1 emissions: 26,095 MTCO2e
Scope 2 emissions: 28,933 MTCO2e
See pages 25-26, 47 in this year’s report for additional information on our Scope 1 and 2 emissions and our recently completed comprehensive GHG footprint analysis,
including our Scope 3 emissions.

Describe the targets used by the organization to manage
climate-related risks and opportunities and performanceagainst targets.

We set an initial goal to reduce our Scope 1 and Scope 2 GHG emissions by 15% by 20251. As explained in this report on page 25, we achieved that goal two
years early, by the end of 2023.
In 2023, we announced our commitment to set a new 2030 emission reduction target aligned with the Science-based Targets Initiative (SBTi). We are awaiting final
validation and approval of our targets from SBTi. See pages 25-26 of this report for more details. Our new 2030 targets include:• Reduce absolute Scope 1 and 2 emissions by 50% by 2030 from a 2020 baseline• Reduce absolute Scope 3 emissions by 25% by 2030 from a 2020 baseline
The Compensation and Human Resources Committee of the Board oversees pay for performance, including the achievement of our nonfinancial strategic
environmental, social and governance (ESG) targets, one of which is to reduce our GHG emissions. Its inclusion in our executive compensation program underlines theimportance we place on delivering a 50% reduction in our Scope 1 and Scope 2 emissions by 2030. Please see page 7 of our 2024 Proxy Statement for more information.

avantorsciences.com/sustainability