Corporate and Social Responsibility
Underpinning our ambition to become the most influential life science company for researchers worldwide is Abcam’s reputation for ethical business practices, and behaving in a socially and environmentally responsible way.
Our Annual Report and Accounts 2017 includes a summary of our 2016/17 activities.
Our sustainability activities are around three key areas:
Abcam has a proud history of involvement with local communities by supporting and partnering with organisations that align with our goal of helping advance life science research. We aim to help communities through programmes that inspire the next generation of scientists, and by supporting life science research through corporate giving and fundraising activities.
Attracting and retaining the best talent is crucial to the success of our business. During the year, we invested in a new global careers website which won the best website at the In-house Recruitment Awards in November 2016. We have started to roll out a new global on-boarding process where senior leaders welcome all new employees and spend time explaining our unique culture and what we expect of people. To improve how we communicate we launched a new intranet where we regularly share stories and updates on business performance, employee events and achievements. We have started to publish detailed infographics celebrating key achievements and results over the course of the year. Every quarter we hold our Global Conversation – a meeting where we present business updates and recognise employee and team achievements. These are broadcast live and employees both present at the meeting and watching in other global locations can ask questions. Employees across the globe can watch live, plus they are recorded and posted on our intranet for anyone not able to join live. They are also translated for employees where English is not their first language.
We provide employees with an anonymous question service “Ask Alan” – allowing anyone to send a question on any topic to the CEO. With the launch of our code of conduct this year we introduced a global hotline for raising concerns and questions. We have continued to listen to our people through our annual all-employee survey which this year had a response rate of nearly 90% and saw a rise on employee Net Promoter Score of over 20 points. We have expanded our staff forums – adding permanent ones in the US as well as the UK. These give us additional opportunities to listen to our people.
We provide employees with a positive and healthy work environment, where they are listened to and recognised for their contributions. In the UK, all permanent employees have the opportunity to share in the success of Abcam via the award of free shares and can participate in our Share Incentive Plan (SIP). As of June 2017, 38% of UK employees were enrolled in our Share Incentive Plan.
Health, safety and the environment
We provide a fair and safe work environment for employees and ensure we follow legal requirements and best practice standards. Following sustainable practices is important to Abcam’s success and we continue to look for ways to improve our environmental impact and operational efficiency.