Thermo Fisher Scientific, Inc.

Thermo Fisher Scientific, Inc. is a Humankind 100 company whose ranking is based on its Humankind Value, a proprietary metric that provides an estimate of the overall dollar amount a company creates for investors, consumers, employees, and society at large.

Thermo Fisher Scientific, Inc. supplies scientific instruments, chemicals, software, and materials necessary for scientific research. Its materials have helped to make scientific research a reality for many. It has supported studies into genomics, drug development, cancer treatment, and much more.

Ticker: TMO

Humankind Value: $178.4 B

Revenue: $29.9 B

Market Cap: $216.4 B

(All values are in US Dollars, where M=Million, B=Billion, T=Trillion.)

Thermo Fisher Scientific has earned a spot in our top 100, with much of its positive value coming from Medical Devices ($163.0 B), Economic Value ($8.6 B), and Medical Services ($6.3 B). Medical device research and development is responsible for substantive gains in length and quality of life, perhaps most profoundly in treating heart disease, bringing mobility to patients using implantable technologies, and in detecting more illnesses faster and less invasively. Thermo Fisher produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders. Out of every company we have analyzed, Thermo Fisher makes the top ten for Medical Devices. Its positive value from Medical Devices and Medical Services includes the annual impact of an estimated 3,513,209.4 additional years lived by people worldwide. The Humankind Value of this company would improve if it reduced its impact on Greenhouse Gases (-$1.2 B) and Opioid Abuse (-$538.6 M). Its supply-chain relationships are largely responsible, causing most or all of Thermo Fisher’s impact on Greenhouse Gases and Opioid Abuse, as well as on Medical Services. Medical Devices and Economic Value are attached to this company as a result of its direct business activities.

How the Humankind Value Methodology Drives the Rankings

We take a quantitative, data-driven approach to estimating the economic impact that companies have on investors, customers, employees, and society at large, rolling social responsibility into a single dollar value that we use to represent what a company is contributing to humanity. As far as we can tell, we're the first ones doing it this way.

How Methodology Drives the Rankings