BD Launches ESG Strategy, Aims for Carbon Neutrality by 2040
Medical technology company (Becton, Dickinson (BD announced today the launch of “Together we Advance”, its new ESG strategy to address key sustainability issues and guide initiatives. Under the new framework, BD also announced the establishment of a series of ESG goals, including a target to achieving carbon neutrality across direct operations by 2040.
BD’s ESG strategy focuses on four key pillars, including Company Health focused on governance and reporting; Planet Health, targeting the company’s environmental footprint; Community Health, to collaborate and invest with communities, and; Human Health, focused on empowering employees to deliver innovative new healthcare products and solutions.
Tom Polen, Chairman, CEO and President, BD, said:
“We are implementing a new ESG strategy that builds on our commitment to improve and advance individual and public health at a global scale. We know that the health of our company, our planet, our communities and the people we serve are directly connected, and when we successfully address the health of one, we often solve for challenges in another. Together We Advance embraces these interconnections, with the ultimate goal of driving positive collective outcomes and a healthy, resilient world for all.”
In addition to its carbon neutrality goal, the company announced a series of 2030 goals, targeting five focus areas, including Climate Change, Product Impacts, Responsible Supply Chain, Healthy Workforce and Communities, and Transparency. The goals include reductions in Scope 1 and 2 greenhouse gas emissions, addressing plastic and packaging material consumption and the impact of plastic in its supply chain, working with supply chain partners to quantify and reduce Scope 3 emissions, enabling employees to manage their physical, mental and financial health, improving management and executive diversity, and aligning ESG reporting with frameworks including TCFD and SASB.
“We developed our 2030 ESG goals by challenging ourselves to think about where we can make the greatest impact on our industry, society and planet today. We are prioritizing climate change through reducing emissions and integrating climate impact considerations into our business strategy, while also addressing the impact of our products and resiliency of the supply chain. We are acting immediately on these commitments.”