DUBLIN,
Ohio, Feb. 6, 2024 /PRNewswire/ -- Cardinal
Health (NYSE: CAH) today released its Fiscal 2023 Environmental,
Social and Governance (ESG) Report, highlighting the company's work
toward building a healthier, more equitable future.
"At Cardinal Health, we approach ESG in a way that supports our
business, positions us as a partner of choice for customers and
suppliers, and ensures compliance with evolving regulatory
requirements," said Jason Hollar, Cardinal Health's CEO. "We
know that ESG is the right thing to do and the right thing for our
business. Our new report illustrates how our ESG priorities are
helping us create long-term, sustainable value for all our
stakeholders."
Highlights from the new ESG
Report
Empowering employees
- The company continued to strive to create an inclusive
workplace where employees have the ability to be their authentic
selves, and where all people are treated fairly and equitably.
- Cardinal Health enhanced efforts to reduce mental health stigma
and increase employees' access to services to support mental
well-being. The company began bringing together private and public
sector leaders to discuss possible solutions to the growing
prevalence of mental health challenges.
Creating value for customers and communities
- The company continued its focus on increased supply chain
resiliency so that customers receive the products they need to
provide the quality of care their patients require.
- Cardinal Health helped increase equitable access to quality
healthcare among its workforce, through its business and advocacy,
and the work that the Cardinal Health Foundation does in the
communities where employees live and work.
- The company and its Foundation provided nearly $22 million in cash and product donations; its
employees donated an additional $1
million to charitable organizations and collectively gave
more than 54,600 hours in volunteer service.
Operating sustainably and responsibly
- Cardinal Health reduced its Scope 1 and Scope 2 greenhouse gas
(GHG) emissions by 13%i, from a fiscal 2019 base year,
making progress toward its fiscal 2030 50% reduction goal. The
company also baselined its Scope 3 GHG emissions and submitted a
science-based target (SBT), which includes Scope 1, 2 and 3
emissions, to the Science Based Targets initiative (SBTi) for
validation; Cardinal Health expects to provide more detail in the
coming months.
- The company conducted its first life cycle assessment (LCA)
comparing single-use compression sleeves to reprocessed
alternatives in its Sustainable Technologies™ business: Results
showed that reprocessed sleeves had a 40% lower carbon footprint
and reduced hospital waste disposal costs by 90%.
- To increase transparency and business integrity throughout its
supply chain, the company continued to improve its supplier due
diligence program and supply chain mapping.
Cardinal Health's latest ESG Report was prepared in accordance
with the Global Reporting Initiative (GRI), the Sustainability
Accounting Standards Board (SASB) and the Task Force on
Climate-related Financial Disclosures (TCFD) frameworks.
Please view the full Cardinal Health Fiscal 2023 ESG Report
here: CardinalHealth.com/ESGReport.
About Cardinal Health
Cardinal Health is a distributor
of pharmaceuticals, a global manufacturer and distributor of
medical and laboratory products, and a provider of performance and
data solutions for healthcare facilities. With more than 50 years
in business, operations in more than 30 countries and approximately
48,000 employees globally, Cardinal Health is essential to care.
Information about Cardinal Health is available
at cardinalhealth.com.
Contacts:
Media: Erich Timmerman,
Erich.Timmerman@cardinalhealth.com and 614.757.8231
Investors: Matt Sims, Matt.Sims@cardinalhealth.com and
614.553.3661
i In fiscal 2023, Cardinal Health restated
its fiscal 2019 GHG emissions. These have been assured, as have
fiscal 2023 emissions, as part of Cardinal Health's commitment to
accurate data reporting that best represents its business. The
restatement was done in part due to the addition of new activities
such as emissions from biomass and refrigerants, as well as adding
market-based emissions calculations for Scope 2. Additionally, some
data was removed due to the divestiture of the Cordis business, and
therefore properties and activities associated with that business
have been removed from Cardinal Health's operational
boundary.
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SOURCE Cardinal Health