Putting Health at the Center of Sustainability: Abbott Reports on
Published 14 hours ago
Issued by Abbott
Summary
Innovation is meaningless if it doesn’t reach people. That’s why Abbott’s 2023 Global Sustainability Report tracks progress in expanding access to care.
Report Highlights
Abbott’s 2023 Global Sustainability Report tracks progress towards the global healthcare company’s 2030 Sustainability Plan goals to deliver strong sustainability performance across its operations – supporting the company’s central focus of helping more people in more places to live their healthiest possible lives.
Innovating for Access in Health
Innovation is meaningless if it doesn’t reach the people who need it. That’s why expanding access and affordability of care is central to Abbott’s goal to improve the lives of one in every three people on Earth each year by 2030.
The company’s Access and Affordability Design Principles, which have been integrated across Abbott’s businesses since 2022, help identify opportunities to expand the reach of Abbott’s life-changing technologies. Abbott also works across its businesses and in partnership with others to remove the barriers that stand in the way of good health, in communities around the world. A few examples of this work:
- Because more than 80% of people who need a pacemaker require pacing in two chambers of the heart, Abbott introduced the world’s first device to offer beat-to-beat wireless communication and synchronization between two leadless pacemakers, each of which is smaller than a triple-A battery – opening access to leadless pacing for millions of people.
- We announced an agreement that will provide greater access to biosimilar medicines for more people in key emerging markets, together with global biotech leader mAbxience.
- In Tanzania, Abbott and Abbott Fund worked with the government to expand the reach of emergency medicine to nearly 1.3 million people – the latest results from more than 20 years of partnership. The cover of this year’s report features the program’s 2023 graduates in emergency medicine, reflecting our ongoing commitment to building local healthcare capacity.
Sustainability in Everything We Do
To innovate for greater access and affordability in health, we’ve integrated sustainability principles across our business. This is helping us make solid progress toward the goals outlined in our 2030 plan – from protecting a healthy environment, to building the workforce of tomorrow. A few examples of this work:
- In the past year, Abbott achieved a 7% reduction in Scope 1 and 2 carbon emissions, making good progress toward our goal of a 30% reduction from our 2018 baseline, and established a $15 million annual environmental sustainability capital fund to support energy efficiency projects. We reduced our water use by 3% overall, and four sites achieved Alliance for Water Stewardship (AWS) certification. We also increased the number of sites sending zero waste to landfill to 53 globally.
- In our 2030 plan, we set a goal to create 1 million development and job opportunities for current and future employees and to create opportunities in STEM programs and internships for 100,000 young people. In 2023, we were already exceeding our expected progress – so we’re now doubling those goals for 2030.
See Abbott’s full 2023 Global Sustainability Report for more details on these areas – and to learn more about how we responsibly connect data, technology and care, strengthen our global supply chain and deliver product quality.
Abbott
Abbott
About Abbott and the Abbott Fund
The Abbott Fund is a philanthropic foundation established by Abbott in 1951. The Abbott Fund’s mission is to create healthier global communities by investing in creative ideas that promote science, expand access to health care and strengthen communities worldwide. For more information, visit www.abbottfund.org.
Abbott is a global, broad-based health care company devoted to the discovery, development, manufacture and marketing of pharmaceuticals and medical products, including nutritionals, devices and diagnostics. The company employs nearly 90,000 people and markets its products in more than 130 countries. Abbott’s news releases and other information are available on the company’s website at www.abbott.com.
