Fair Money & Economic Opportunity

CryoPort, Inc. operates in the life sciences industry, providing temperature-controlled supply chain solutions.

Its core business involves logistics, storage, and transport of biological materials for pharmaceutical companies, biotechnology firms, and academic institutions. The company does not offer lending, deposit services, insurance, or other consumer financial products. Therefore, all Key Performance Indicators (KPIs) related to 'Fair Money & Economic Opportunity' are not applicable to its operations, and no relevant data is available in the provided articles to assess these metrics.

Fair Trade & Ethical Sourcing

Cryoport states a commitment to ethical sourcing, expecting business partners to share its commitment to ethics, integrity, human rights, and environmental protection.

The company prohibits the use of child, compulsory, or forced labor and has a zero-tolerance policy against slavery and human trafficking. Cryoport strives for a conflict-free supply chain and works with suppliers to increase transparency regarding the origin of conflict minerals (tin, tungsten, tantalum, and gold). An internal diligence process for third-party vendors includes a supplier questionnaire for approval and a regular auditing process for existing suppliers. For conflict minerals in 2023, Cryoport surveyed 26 direct suppliers, representing approximately 90% of material spend, with a 96% response rate. However, due to supply chain complexities, the company was unable to definitively determine the origin of all conflict minerals.

Honest & Fair Business

Cryoport has a third-party managed reporting hotline for confidential and anonymous submission of concerns, and its policy includes non-retaliation.

Procedures for complaints regarding accounting, internal controls, or auditing matters are established. The company has a Corporate Code of Conduct emphasizing honesty, respect, responsibility, compassion, fairness, and open dialogue, which explicitly prohibits bribery, facilitation payments, and political contributions without board approval. Suppliers are expected to comply with applicable laws and regulations, and supplier due diligence is included. Cryoport engages an ESG advisor for annual GHG emissions reporting using the World Resource Institute's Greenhouse Gas Protocol and uses a third-party for data security assessment (CIS). The company also uses the RMI's Responsible Minerals Assurance Process (RMAP) to audit smelters and refiners, with approximately 97% of identified smelters/refiners being RMI certified or active, and uses the iPoint platform for supplier engagement and data analysis.

Kind to Animals

Cryoport explicitly states that it does not conduct clinical trials, animal testing, or use human tissue in the manufacture or design of its products.

This indicates a comprehensive no-testing policy for its own operations. Consequently, zero animals are used in any testing since the company does not conduct such activities. As a service-oriented company focused on logistics for biological materials, Cryoport does not have animal-derived products, animal husbandry operations, or direct impact on wildlife habitats, making several animal welfare KPIs not applicable to its core business model. While the company delivers billions of doses of animal biotherapeutics, it does not engage in animal agriculture or source animal products directly. The company mentions regular auditing processes for third-party vendors and existing suppliers, but no specific percentage of animal-related suppliers audited for welfare compliance is provided.

No War, No Weapons

Cryoport's core business is temperature-controlled supply chain solutions for the life sciences industry.

The company states it will not conduct business that violates U.S. export controls or other applicable export controls. Its terms of use require customers to warrant that they and any involved parties are not listed on export control or sanctions lists from various international bodies. For conflict minerals, Cryoport surveyed 21 direct suppliers, representing approximately 81% of its 2024 material spend, with a 100% response rate. Approximately 97% of the 236 identified smelters/refiners were RMAP certified conformant or active, though the company acknowledges an inability to definitively determine the origin of all 3TG minerals.

Planet-Friendly Business

Cryoport reported total Scope 1, 2, and 3 greenhouse gas emissions of 16,253 MT CO2e in 2022, which increased from 9,602 MT CO2e in 2021.

This includes Scope 3 emissions, primarily from downstream product transport. The company has not disclosed specific reduction targets or initiatives, nor committed to formal climate pledges or SBTi targets. While Cryoport states it uses the TCFD framework for ESG disclosures, it lacks detailed alignment or scenario analysis, and no climate scenario analysis is reported. The company has not declared a net-zero target year. One facility prevented 3,487,702 pounds of GHG emissions in 2020 through carbonless energy consumption, and a Paris facility moved to a new location with solar panels to reduce energy consumption, but the overall share of operational energy from renewables is not disclosed. The company has not reported any specific regulatory actions, violations, fines, or compliance issues.

Safe & Smart Tech

The company states in its 10-K filing that there are no known material cybersecurity incidents or breaches, indicating a standard security record.

It provides annual online training on information security and data privacy, and mentions using encryption, access controls, and vulnerability management as security measures, which aligns with industry-standard practices. The company's privacy policy states it retains data only as necessary, but lacks specific retention periods, and users can opt-out of cookies and mobile device identifiers, which represents some data control but with limitations. The company is subject to and mentions compliance with various regulations including FDA, IATA, GDPR, CCPA, CPRA, UK GDPR, and PIPEDA, indicating basic regulatory compliance.

Zero Waste & Sustainable Products

Cryoport's products are primarily constructed of recyclable aluminum or stainless steel, and its shipping systems are reusable and recyclable.

Dewars are recycled and reused over 100 times before recycling, and Safepak components are fully recyclable. The company uses multi-use and recyclable packaging, with specific components like the outer box, inner box, trays, rollerboard, support ring, and absorbent pad described as recyclable and biodegradable. The EcoPak product line uses 95% post-industrial, pre-consumer recycled cardboard, and NexTherm Graphite Expanded Polystyrene (GPS) uses 30% recycled graphite beads. Cryoport aims to reduce single-use plastics by replacing dry ice and Styrofoam with reusable liquid nitrogen shippers and transitioning from printed shipping instructions to digital QR code-based instructions. The R3 Service Program is a global initiative for product reuse and return. Cryoport's products are developed with long-term use in mind, emphasizing longevity, reparability, reusability, and recyclability. Hazardous wastes generated by production facilities are managed in compliance with all state and federal regulations, with an overall goal of eliminating hazardous materials where possible. The company had no product recalls in 2024. NexTherm GPS uses 20% less material than traditional EPS. Cryoport expects its business partners and suppliers to share its commitment to environmental protection.