Henry Schein Commits to Advance ESG Stewardship
May 12 2021 - 11:09AM
Business Wire
- Issues Annual CSR Report Detailing Actions to Address
Company’s Environment, Social, and Governance Work
- Publishes New and Expanded Disclosures and Goals on ESG
Performance
- Aims to Donate at Least $50 Million by 2025 to Advance
Health Equity
Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider
of health care solutions to office-based dental and medical
practitioners, announced today a series of efforts to further
advance its environmental, social, and governance (ESG) performance
and to reaffirm its commitment to the United Nations’ Sustainable
Development Goals. As outlined in the Company’s 2020 Sustainability
and Corporate Social Responsibility (CSR) Report, titled
“Resilience for a Healthier World” and published today, the
Company’s ESG strategy includes enhancing health equity and access
to care, expanding ESG disclosures, and taking action to address
the climate crisis.
By the end of 2022, Henry Schein plans to report progress in
accordance with the standards of each of the Global Reporting
Initiative and Sustainability Accounting Standards Board. In
addition, the Company is enhancing its disclosures on climate risks
and opportunities according to recommendations made by The
Financial Stability Board’s Task Force on Climate-Related Financial
Disclosures and exploring a pathway to setting a Science-Based
Target.
For more than 30 years, Henry Schein has continued to support
the five constituents that make up the Company’s Mosaic of Success
– Customers, Suppliers, Team Schein Members, Shareholders, and
Society at Large. This year’s report, as detailed below, represents
another milestone in the Company’s commitment to the Mosaic of
Success.
Among other work highlighted in the report, Henry Schein is
committed to the following actions for accelerating ESG
stewardship:
- Aspiring to be carbon neutral in its supply chain emissions by
the year 2050, if not sooner. In 2021, Henry Schein will focus on
baselining its distribution and transportation metrics in key
markets in North America, Europe, and Australia;
- Aiming to donate at least $50 million in cash and product
through Henry Schein Cares and the Henry Schein Cares Foundation,
Inc. by 2025 to advance health equity;
- Enhancing in 2021 an individual D&I goal tied to Henry
Schein’s annual performance incentive program (i.e., cash bonus
plan) for the senior managers in the Company (Directors, Vice
Presidents, and Members of the Executive Management
Committee);
- Contributing as a member to the World Economic Forum’s
Stakeholder Capitalism Metrics initiative, which seeks to improve
ways companies measure and demonstrate their performance against
ESG indicators and to enable positive contribution towards
achieving the United Nations’ Sustainable Development Goals;
and
- Committing to an all-electric operations lift truck fleet in its
U.S. distribution centers by 2025.
“Even as we tackled the unprecedented challenges created by the
pandemic, we continued to accelerate progress along our ESG
journey. We deepened our sustainability efforts by formalizing our
policies, setting goals and targets for our ESG ambitions, and
making steady and measurable progress toward these goals throughout
the year,” said Stanley M. Bergman, Chairman of the Board and Chief
Executive Officer of Henry Schein, Inc. “Our resilience in the face
of the current crisis is a testament to the spirit of Team Schein
and the strength of our long-term purpose-driven stakeholder model
of engagement. We will continue to champion our socially
responsible and sustainable approach to business as we do our part
in building a healthier, more inclusive, and more prosperous future
for all.”
The 2020 Sustainability and CSR report underscores the values
instilled at the Company’s founding 89 years ago and highlights how
Henry Schein gives back to the professions and communities it
serves. The Company is committed to addressing its own
environmental impact, engaging with investors in its business
practices, providing its TSMs with a healthy, safe, and inclusive
workplace, and contributing to health equity.
To learn more about Henry Schein’s ESG efforts and to view the
full 2020 Sustainability and CSR report, please visit
www.henryschein.com/corporatecitizenship.
About Henry Schein, Inc.
Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for
health care professionals powered by a network of people and
technology. With more than 20,000 Team Schein Members worldwide,
the Company's network of trusted advisors provides more than 1
million customers globally with more than 300 valued solutions that
help improve operational success and clinical outcomes. Our
Business, Clinical, Technology, and Supply Chain solutions help
office-based dental and medical practitioners work more efficiently
so they can provide quality care more effectively. These solutions
also support dental and medical laboratories, government and
institutional health care clinics, as well as other alternate care
sites.
Henry Schein operates through a centralized and automated
distribution network, with a selection of more than 120,000 branded
products and Henry Schein private-brand products in stock, as well
as more than 180,000 additional products available as special-order
items.
A FORTUNE 500 Company and a member of the S&P 500® index,
Henry Schein is headquartered in Melville, N.Y., and has operations
or affiliates in 31 countries and territories. The Company's sales
reached $10.1 billion in 2020, and have grown at a compound annual
rate of approximately 12 percent since Henry Schein became a public
company in 1995.
For more information, visit Henry Schein at www.henryschein.com,
Facebook.com/HenrySchein, Instagram.com/HenrySchein, and
Twitter.com/HenrySchein.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210512005713/en/
Investors: Carolynne Borders Vice President, Investor Relations
carolynne.borders@henryschein.com (631) 390-8105 Media: Ann Marie
Gothard Vice President, Corporate Media Relations
annmarie.gothard@henryschein.com (631) 390-8169
Henry Schein (NASDAQ:HSIC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Henry Schein (NASDAQ:HSIC)
Historical Stock Chart
From Apr 2023 to Apr 2024