iTeos Therapeutics Environmental, Social and Governance
Driven by a culture of scientific innovation, collaboration, and excellence, together we passionately discover, develop, and deliver breakthrough immunotherapies to improve and extend the lives of people with cancer
iTeos Therapeutics (Nasdaq: ITOS) is a clinical stage biopharmaceutical company pioneering the discovery and development of a new generation of highly differentiated immune-oncology therapeutics for patients. We leverage our deep understanding of the tumor microenvironment and immunosuppressive pathways to design novel product candidates with an aim to improve the clinical benefit of oncology therapies. iTeos Therapeutics is headquartered in Cambridge, MA with a research center in Gosselies, Belgium.
As a responsible company, we are committed to building Environmental, Social and Governance (ESG) principles into how we operate and create sustainable value for society and all of our stakeholders. Each member of the iTeos family is a vital contributor to achieving our mission of improving people’s lives with cancer. Knowing that together we are stronger, we are committed to a healthy and productive workforce, diversity and inclusion, employee engagement and talent development, and reducing our environmental footprint and preserving precious resources. Although small at this point, we are doing our part to reduce impacts whether through travel, technology, or office space.
Alignment to the United Nations Sustainable Development Goals (SDGs)
The 17 UN SDGs are representative of the most complex global challenges. We prioritize 9 SDGs where we can help make the greatest difference based on our expertise, therapeutics areas, and business strategies.
Our mission to improve the lives of people with cancer is dependent on our ability to attract, develop and retain the industry’s best and brightest talent across all dimensions of diversity. This understanding informs our approach to managing our talent.
We are dedicated to providing an inclusive, collaborative, and safe work environment for our employees. We regularly measure employee engagement and identify areas of focus. We convene All-Employee Meetings monthly where our employees discuss ideas and feedback on corporate initiatives, share scientific breakthroughs and other corporate updates and recognize each other’s contributions and accomplishments. Maintaining open lines of communication across the company is an important feature of our culture and improves our performance. Additionally, we host several optional sessions where employees can learn more about what is happening across the company, as well as engage with their colleagues (e.g., office and lab hours, Lunch and Learns, team building events, new-hire welcome events).
Training and Development
We prioritize the development of the careers of our employees, and actively work across the organization to provide opportunities for our people to grow with the company and assume more senior roles as the company expands.
On-Demand Learning: We offer weekly video trainings and Q&A sessions on topics like internal systems navigation, cybersecurity, Docusign, and Career Framework.
Monthly ‘Feed Your Mind’ sessions: Our internal team curates educational sessions to share knowledge across the company about research and development topics in the healthcare sector, primarily in the oncology field.
iTeos Leadership Development Program: One of the foundational principles to improving ourselves is to understand how we communicate with others; knowing our dominant style as well as how we can most effectively interact with others. We have launched the DISC (Dominance, Influence, Conscientiousness, Steadiness) assessment which all employees are required to complete. These reports will help provide the person and their colleagues with a wealth of information about workplace priorities and preferences.
Safety and Well-Being
iTeos instituted an Employee Assistance Program which provides a highly accessible channel for employees to quickly and discreetly receive information, advice, or guidance on any personal questions or difficulties that may affect their personal well-being and functioning within the company. The service is also available for family members.
iTeos is committed to helping our employees stay healthy by promoting better nutrition and offering:
- Weekly delivery of organic fruits from local and sustainable farms.
- Groceries / healthy snacks at the workplace.
iTeos has established a Health and Safety Committee. This group provides a forum for employees and management to work together to prevent injury and illness at the workplace. Particularly important, during the Covid-19 pandemic, iTeos’ #1 guiding principle was ‘Safety First’ and iTeos encouraged working from home as well as staggered laboratory hours.
iTeos Therapeutics is committed to creating an environment where diverse perspectives and backgrounds are encouraged and supported.
Among iTeos Therapeutics employees in 2021, women represent 66% and men represent 34% of our global workforce. Women represent 55% of the leadership positions at Director or above, and our Executive Committee, which represents the most senior leadership positions at iTeos, is 33% female.
With corporate offices in Cambridge, MA and Gosselies, Belgium, iTeos employs people with cultural diversity and languages from multiple European Union countries as well as representation from the Middle East, Africa, and South America. The company currently employs people from 16 different countries and that number will continue to grow with the company’s success.
At iTeos, we know that small streams lead to big rivers. We want to have a deep impact on the communities where our people live and work, and where patients are treated.
Since 2019, iTeos team members participated in the European Leukodystrophies Association annual one week run and walk. The company supported all participants’ registration costs and donated 10,000€ to help fund research on Leukodystrophies, which is a group of rare orphan genetic diseases.
During the Fall of 2021, iTeos employees participated in the ‘iTeos On the Move’ initiative. This program set and achieved an ambitious goal to donate 25,000€ by monitoring employees’ physical and cultural activities in a dedicated mobile application and converting that amount to a donation to the de Duve Institute, which is a multidisciplinary biomedical research institute hosting several laboratories of the Faculty of Medicine of the UCLouvain (Université catholique de Louvain), as well as the Brussels branch of the Ludwig Institute.
During the Covid-19 pandemic, iTeos assisted institutions involved in managing the virus.
- Delivered surgical and FFFP2 masks to local hospitals
- Donated and lent devices to laboratories involved in Covid PCR screening due to shortages
While iTeos’ core business is aimed on improving the lives of people with cancer, we also have a responsibility to protect our environment and understand that individual actions make a difference in both the U.S. and Belgium. We are mindful of our footprint and make conscious efforts to reduce, reuse, and recycle.
iTeos Therapeutics is an Eco-Partner with Graine de vie (Seed of Life) which is a non-governmental organization created under Belgian and Luxembourg law, enabling the compensation of the ecological footprints of industrialized countries through planting of trees in developing countries.
The goal of this campaign is to plant trees which produce resources for daily life (fruit, coffee, cacao) / Support employment of local workers during tree planting / Support campaigns to protect and restore forests.
iTeos Belgium possesses an environmental permit required to operate as a biotech company to ensure 1) Protection of employees 2) Protection of the environment from GMO propagation 3) Waste management linked to GMO activities.
The company occupies lab and office space in an EOLE building, one of the first buildings offering some ecological solutions. This facility offers the use of rainwater for toilets as well as night cooling to avoid active air conditioning.
iTeos exceeds the minimum legal requirements in waste management
20% of company cars in Belgium are electric or hybrid and we hope to increase this output in the near future.
In Cambridge, iTeos occupies a small office in an Energy Star Certified building, which efficiently saves energy.
Maintaining a culture of compliance to ensure that all employees act ethically and legally in their business decisions and day-to-day duties is fundamental to carrying out iTeos Therapeutics’ mission. Our Compliance Officer oversees our programming including:
- Our Code of Business Conduct and Ethics codifies our key policy principles and offers guidance in areas such as protection of corporate assets and information, avoidance of conflicts of interest, anti-bribery, financial integrity and political contributions. 100% of employees have certified in 2021 that they have read, understood, and will comply with the Code. We regularly conduct employee trainings to reinforce compliance with the Code. An anonymous and confidential whistleblower hotline managed by a third-party can be accessed by phone or online to report concerns.
Board Composition as of October 2021
10 Total Directors
Average Age: 50
Gender / Racial Diversity: 20%
Average Tenure: 2 ½ years
We have a dedicated Information Security team and processes and policies to protect our most sensitive data and manage our data.
Our objectives are to identify risks relevant to iTeos Therapeutics’ information and information system (including people, processes, facilities, and technologies), protect these information assets, detect & react to information security incident, and be prepared to recover from any major incident.
We achieve this through a continuous improvement process including risk assessments, policies, security training, projects to improve our security, constant monitoring of our systems, swift reaction to any incident, and regular evaluation of our performances.
100% of iTeos employees in both the U.S. and Belgium are required to participate in cybersecurity training and awareness tutorials online. Security culture surveys, phishing exercises, and preventative video series are all available via iTeos’ intranet.
As we continue to mature ESG in our business, in line with our growth and operating footprint expansion, we are committed to establishing baselines for performance and disclosure.