Azenta : 2024 Environmental, Social, and Governance (ESG) Report

Published: 2025-03-24 15:51:04 ET AZTA

azenta.com

2024

ESG REPORT

Table Of Contents

Message From our CEO

Corporate Overview

Our Core Values

Our Approach to ESG

Strategic Priorities

ESG Governance

Stakeholder Engagement

About This Report

Environmental Protection

Environmental Management & Climate Risk

Carbon Footprint of our Operations, Products, and Services

Resource and Waste Management

Sustainable Innovation

Social Impact

Community Vitality & STEM Education

Equitable Health Outcomes

Diversity, Equity, and Inclusion ("DE&I")

Employee Health, Safety, and Well-being

Talent Attraction and Retention

Workforce Learning and Development

Responsible Operations

Corporate Governance

Enterprise Risk Management (ERM)

Security, Cybersecurity, and Data Privacy

Ethics, Risk, and Compliance

Product Safety & Quality

Quality Management

Responsible Supply Chain

Appendix

Sustainability Accounting Standards Board (SASB) Index

Task Force on Climate-Related Financial Disclosures (TCFD) Index

Message From our CEO

My first months as CEO of Azenta have only confirmed what I believed before joining - that we have an exciting opportunity to build upon the foundation established and make an incredible impact for our customers, employees and shareholders. I am filled with optimism about our journey and the opportunities ahead. Since joining the company, I have been deeply inspired by the passion, innovation, and dedication of our more than 3,000 associates worldwide. Through visits to our facilities and engagements with our customers and teams, I have witnessed firsthand the extraordinary potential within Azenta to drive meaningful impact and deliver sustainable value.

This year has been transformative for Azenta as we continue to strengthen our position as a leader in life sciences solutions. Our focus on innovation has propelled us forward, with advancements in automation and digitalization enhancing our ability to meet the growing demands of our customers. Products like the BioArc™ Ultra exemplify our commitment to sustainable innovation, providing revolutionary solutions for large-scale, eco-friendly sample storage. At the same time, our multiomics business has embraced cutting-edge technologies, enabling impactful scientific discoveries that shape the future of healthcare.

Sustainability remains central to our mission and vision. In 2024, we took bold steps to reduce our carbon footprint, sourcing 60% of our electricity from renewable energy and committing to a 55% reduction in Scope 1 and 2 GHG emissions by 2033. We are also proud to align our climate strategy with the Science Based Targets initiative, reaffirming

our dedication to combating climate change and advancing global environmental goals. These efforts are not just good for the planet; they are essential to creating long-term value for our stakeholders.

At the heart of Azenta is our culture of collaboration and inclusion. We are building a workplace where every employee feels empowered to contribute their best, supported by programs that prioritize health, safety, and professional growth. This year, we celebrated significant achievements in diversity, equity, and inclusion, and also expanded our community engagement efforts, partnering with organizations to volunteer and advance Science, Technology, Engineering, and Mathematics (STEM) education.

Looking ahead, we remain steadfast in our commitment to drive innovation, sustainability, and operational excellence. As we execute our strategic initiatives, we are confident in our ability to navigate the complexities of a rapidly evolving industry while delivering meaningful results for our customers, employees, and shareholders.

To our stakeholders, thank you for your continued trust and support. Together, we are building a purpose-driven organization that is well-positioned to shape the future of life sciences and make a positive impact on the world.

John Marotta

President & CEO

Environmental Protection

Social Impact

Responsible Operations

Corporate Overview

Azenta, Inc. ("Azenta") is a leading provider of life sciences solutions worldwide, enabling impactful breakthroughs and therapies to market faster. Azenta provides a full suite of reliable cold-chain sample management solutions and multiomics services across areas such as drug development, clinical research and advanced cell therapies for the industry's top pharmaceutical, biotech, academic and healthcare institutions globally. We've embedded ourselves in a critical position in the center of a biological sample-based world that begins at discovery and goes all the way to the delivery of treatments. Our ability to source, manage, store, measure, and interrogate samples ultimately providing discovery-unlocking data is paramount to all that is advancing this industry. We serve this sample world with a unique set of capabilities, by matching our capabilities to customers' needs for more automated sample workflows and world-class multiomics capabilities.

Our global team delivers and supports products and services through our industry-leading brands, including GENEWIZ, FluidX, Ziath, 4titude, Limfinity, Freezer Pro, and Barkey. Our corporate headquarters are located in Burlington, Massachusetts, and we have over 40 facilities and operations spanning ten countries across North America, Europe, and Asia.

We enable life sciences companies to bring impactful breakthroughs and therapies to market faster

Suzhou, China

AZENTA BY THE NUMBERS*

~3,000

Employees

>40

Facilities Globally

Serving Customers In

>125

Countries

*For fiscal year ended September 30, 2024

Burlington, MA

Billerica, MA

Oxford Lab Opening

Environmental Protection

Social Impact

Responsible Operations

Azenta operates as two business segments: Sample Management Solutions and Multiomics & Synthesis Solutions. As announced in November 2024, Azenta intends to divest the B Medical business in order to simplify our portfolio and drive growth and profitability in our core businesses. In our Sample Management Solutions segment, we provide customers with on-site and off-site sample storage, cold-chain logistics, and transportation. Our solutions include automated ultra-cold storage systems, consumables, and instruments. In our multiomics segment, we provide next-generation DNA sequencing, sanger sequencing, gene synthesis, and a wide range of other synthetic DNA solutions for research, preclinical and clinical solutions. In our B Medical Systems segment, we provide temperature-controlled storage and transportation solutions, covering a wide range of applications in medical refrigeration, blood management, and vaccine cold chain.

The Azenta portfolio is a key enabler across the sample solutions and management value chain.

Consumables &

Sample Storage &

Automated Stores

Instruments

Repository Services

& Cryogenics

GENEWIZ Multiomics &

Sample Management

Synthesis Solutions

LIMS

Environmental Protection

Social Impact

Responsible Operations

Our Core Values

Our purpose of "enabling life sciences companies to bring impactful breakthroughs and therapies to market faster" is supported by our vision, core values, and culture. Our core values are at the heart of everything we do. We are guided by our five core values:

We put employees above all other business priorities, as success is realized through our people.

We encourage all employees to realize their potential by focusing and investing in their growth and development.

Put People

First

We strive to understand the needs of our customers - both internal and external - by putting ourselves in their shoes, and we respond quickly.

We work to make our customers' lives easier and better, and the journey is never over.

Cultivate

Openness

Focus on the Customer

We are creative, empowered to take smart risks and move with speed to deliver.

Embrace Authenticity

We are transparent and work to break down silos, understanding that better work comes from seeing the big picture.

We recognize that vulnerability fosters trust and connection.

We recognize innovation can come from any employee who challenges the status quo for better outcomes.

We strive to be our true selves at work.

We respect inclusivity and curiosity to fuel ideation and deepen connections.

Environmental Protection

Social Impact

Responsible Operations

DRIVING OUR CULTURE AND BEHAVIORS

Drive

Innovation

Our Approach to ESG

Azenta maintains a consistent, steady commitment to being a responsible corporate citizen. Over the years, we have been at the forefront of the development of many programs for leveraging product responsibility, regulatory compliance, employee development, and support for education and our local communities. Our integrated ESG program has evolved to address new challenges and opportunities. Under our ESG framework, we have demonstrated a commitment to focusing on the ESG issues that align with our core values and are most important to the Company and our stakeholders.

Our focus on sustainability guides the way we do business, benefiting the environment and society on a global scale. We are committed to taking deliberate actions to address sustainability issues, both to support the well-being of future customers, colleagues, and communities and to strengthen our business for the long term. Our approach to corporate social responsibility is centered around three key pillars that align with our business model, strategy, and values.

Our focus on Environmental Protection, Social Impact, & Responsible Operations allows us to create long-term value by providing high-quality products for our customers, creating a fulfilling work environment for our colleagues, delivering solid returns for our shareholders, making a positive impact on our communities, and reducing our environmental footprint.

We recognize that climate change poses risks to our Company and the broader life sciences industry. Last year we published our inaugural Task Force on Climate-related Financial Disclosures (TCFD). The full details are available in the appendix of this report. The TCFD Index outlines Azenta's initial climate change risks and opportunities assessment and the proactive measures we are taking to address the impacts of climate change. Please see the appendix for both our Sustainability Accounting Standards Board (SASB) and TCFD Index.

Strategic Priorities

This ESG Report covers our business, strategy, and performance. It highlights progress against our priorities and describes how we create value for our stakeholders. Based on our recently completed materiality assessment (discussed in this report under "About This Report - Our Approach to Materiality"), we have identified the strategic priorities shown below to guide our decision-making and align with our purpose as we implement our strategy. These priorities will help us ensure that we continue to deliver on our mission.

Environmental Protection

• Reducing our carbon footprint

• Innovation of green refrigeration technology

Social Impact

• Creating a more diverse & inclusive work environment

• Being an employer of choice

• Supporting communities & promoting STEM education

Responsible Operations

• Ensuring the highest quality products & services

• Providing world-class sample & data protection

• Incorporating ESG throughout our business

Environmental Protection

Social Impact

Responsible Operations

ESG Governance

Since its establishment in 2022, our cross-functional Executive Steering Committee has been instrumental in setting and advancing Azenta's ESG strategy, priorities, and activities. Over the past couple of years, this committee, composed of senior leaders and subject matter experts from areas such as legal, human resources, finance, and other key senior business functions, has guided our efforts to embed sustainability and responsible practices across the organization. This committee is responsible for:

The ESG Steering Committee oversees the three pillars - Environmental Protection, Social Impact, and Responsible Operations- which serve as the ESG focus areas for the Company. We have created three ESG Working Committees to correspond to each of these pillars. The ESG Working Committees are responsible for incorporating sustainability into our business processes and overseeing Azenta's reporting of ESG performance. This group includes representatives from our operations and functions in various markets around the globe. An Azenta Executive serves as sponsor for each of these Working Committees along with helping to align committee objectives with Azenta's business strategies.

The board-level governance for our ESG efforts is primarily carried out by our Environmental, Social, and Governance (ESG) Committee, which was formed in August 2022. The ESG Committee monitors and reviews the overall adequacy of, and provides oversight with respect to, Azenta's ESG strategy, initiatives, and policies. Additionally, the purpose of our ESG Committee is to assist the Board in discharging its oversight responsibility related to ESG matters such as climate change impacts, energy and natural resources conservation, environmental and supply chain sustainability, human rights, employee health, safety and well-being, diversity, equity and inclusion, ethics, cybersecurity and data privacy, community engagement, public policy engagement, political contribution, and corporate charitable and philanthropic activities and other ESG issues that are relevant and material to the Company. This committee receives quarterly reports from management regarding our ESG efforts and initiatives. The ESG Committee is also responsible for coordinating with the other Board Committees (Audit Committee, Human Resources and Compensation Committee, Nominating and Governance Committee, and Value Creation Committee) for overlapping ESG matters.

Governance and Management of ESG at Azenta

Board of Directors

ESG Committee

Executive ESG Committee

ESG Working Committees

with Executive Sponsors

Environmental

Social

Environmental

Protection

Impact

Protection

Environmental Protection

Social Impact

Responsible Operations

Stakeholder Engagement

Our Board and the executive team value the perspectives and insights of all stakeholders. Azenta collaborates with various stakeholders to develop our corporate responsibility strategy, priorities, and goals. We carefully select these stakeholders based on their knowledge, level of influence, willingness to collaborate, and their potential impact on us and our impact on them. There has been an increasing focus on ESG issues among our stakeholders. Recognizing the importance of these topics to our audience, we are committed to improving the quality and accessibility of the information we provide.

We understand that the decisions we make at Azenta can impact our employees, customers, partners, shareholders, suppliers, and communities. We take into account the voices of these stakeholders when making decisions and use a variety of feedback channels to gather input from them. In addition to formal channels, we engage proactively with key stakeholders, industry experts, ESG rating agencies, ESG-focused investors, and many others to bring outside perspectives into the Company. We believe that we can further our purpose by working with a diverse range of individuals and groups who are essential to our business. By engaging with these stakeholders, we can not only better understand their needs and expectations, but also work together towards common goals.

We work to build close relationships with our customers in order to understand their needs and constraints. This helps us ensure that our customers' needs are not only met, but their expectations are exceeded.

We maintain active communication with shareholders and other investors to provide them with a clear, informative overview of our Company, vision, strategy, performance, and governance. We hold face-to-face and online meetings with asset managers, financial and ESG analysts, and stewardship teams. We also participate in investor conferences and provide quarterly earnings presentations to effectively communicate important information to our investors.

Throughout the year, our employees are invited to share feedback with us through formal employee surveys and informal channels such as through their supervisors and management. This helps us to gather valuable insights and improve our workplace. To promote employee engagement, we hold regular employee events, conduct annual employee surveys to measure the engagement and other aspects of our corporate culture, and offer health and well-being programs. We also conduct regular evaluations, training, and feedback sessions to help employees develop their skills and to improve working conditions.

Our goal is to promote an inspired, curious, and passionate culture for our employees.

In 2024, we continued our practice of inviting many of our larger stockholders to discuss our pay programs and practices, our ESG program, and other governance topics. Stockholders representing over 20% of Azenta's outstanding shares accepted invitations for discussions with members of our Board and executive management. The calls were focused on strategy, governance, and compensation topics.

Environmental Protection

Social Impact

Responsible Operations

About This Report

Our Approach to Materiality1

Azenta's ESG Matrix

In line with our Company's growth and recent transformation to a standalone life sciences company, we recognized the need to carry out a thorough process to evaluate the ESG topics that are most material to our business and stakeholders. Our most recent materiality assessment was carried out in Fiscal Year 2022. Azenta engaged with an independent third-party advisor to conduct the review of Azenta ESG activities and emerging priorities. This assessment included meeting with key internal stakeholders as well as an evaluation of peer and industry best practices. This work also referenced sustainability and ESG frameworks, ratings, and rankings from respected organizations such as the Sustainability Accounting Standards Board (SASB), and the

Task Force on Climate-Related Financial Disclosures (TCFD). These ESG topics were then presented to both external (including investors and customers) and internal stakeholders for feedback,

identifying a final list of material ESG topics forming the foundation for the development of our ESG strategy. From that evaluation, Azenta has identified 21 priority topics, which are material to the long-term sustainability of our business

Importance to Azenta's Stakeholders

KEY

Environment

Social

Governance

Climate risk

CRITICAL

Product, safety,

and quality

Customer collaboration

Ethics, risk,

and satisfaction

Talent attraction

and compliance

Responsible supply chain

Employee health,

and retention

safety, and well-being

Diversity,

Cybersecurity

equity, and

and data privacy

Sustainable innovation

inclusion

Resource and waste management

Carbon footprint of

Workforce learning

Carbon footprint

of direct operations products and services

and development

Ethical

marketing

Corporate governance

STEM education

Stakeholder engagement

STRATEGIC

Equitable health outcomes

and are addressed throughout this report. As we move forward on our ESG journey, we intend to regularly evaluate our pillars and priority topics to ensure we remain focused on the areas that are most important to our business and our stakeholders, and where we can have the greatest impact.

Frameworks

Public policy and advocacy

Community vitality

IMPORTANT

Importance to Azenta's Business

Source: internal and external stakeholder's ratings of ESG topics

The information in the report is based on various sources, including ongoing monitoring of internal and external stakeholder perspectives, direct stakeholder interactions, review of relevant reporting standards and frameworks, and internal analysis of the alignment of ESG topics with our strategy, mission, and values.

We have compiled this report, taking into account the guidelines and principles of the Carbon Disclosure Project (CDP), the Sustainability Accounting Standards Board (SASB) the Medical Equipment and Supplies Sustainability Accounting Standard, as well as the Task Force on Climate-Related Financial Disclosures (TCFD) reporting standard. Our SASB and TCFD Index disclosures are available in the appendix of this report. We plan to continue publishing SASB disclosures annually in future ESG Reports. This report covers our Fiscal Year 2024 progress, from October 1, 2023, to September 30, 2024. In this report, unless otherwise noted, any references to 2024 shall be for the fiscal year ended September 30, 2024. This report includes all of our global business operations unless otherwise specified. We have also included references to additional sources of information online.

1. In this report, we adhere to the Global Reporting Initiative (GRI) definition of materiality, distinct from the definition employed for Securities and Exchange Commission (SEC) filings. Subjects deemed material for this report may not necessarily qualify as material for SEC reporting.

Environmental Protection

Social Impact

Responsible Operations

Disclaimer

Azenta Inc. published this content on March 24, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 24, 2025 at 19:50:04.626.