Bausch + Lomb Releases Annual Environmental, Social and Governance Report
May 01 2023 - 7:00AM
Business Wire
Report Highlights Progress and Priorities
Across ESG Initiatives Around the World
Bausch + Lomb Corporation, (NYSE/TSX: BLCO) (“Bausch + Lomb” or
the “Company”, “we” or “our”), a leading global eye health company
dedicated to helping people see better to live better, today
released its annual Environmental, Social and Governance (ESG)
Report, highlighting the Company’s ongoing commitment to implement
sustainable business practices and initiatives that support its
stakeholders’ well-being.
“Integrating environmental sustainability, social impact and
corporate governance into our daily operations and business
strategy has been a fundamental priority at Bausch + Lomb for many
years,” said Brent Saunders, chairman and CEO, Bausch + Lomb. “The
dynamic and evolving nature of ESG presents several opportunities
for improvement and growth, and we are proud to continue each year
to build upon our ESG commitments, because we know this makes us a
stronger company in ways that go beyond our mission of helping
people see better to live better.”
The Bausch + Lomb 2022 ESG report highlights the Company’s
continued efforts to drive sustainable growth, foster innovation
and create value for all stakeholders. Key accomplishments
highlighted in the 2022 ESG report include:
- Collecting more than 58 million units, or 356,000 pounds, of
used contact lens, eye care and lens care materials through our ONE
by ONE and Biotrue® Eye Care recycling programs since 2016;
- Reducing 800 tons of CO2e (carbon dioxide emissions) per year
at our Rochester facility since installing a solar panel
array;
- Completing more than 8,500 hours of cybersecurity training by
our employees;
- Exceeding the Company’s Board diversity goal of 30 percent with
40 percent board diversity;
- Achieving our corporate Not-to-Exceed-Days-Away-Rate (“DAR”)
goal of 7.2 with a 5.6 DAR, which is a measure of the impact of
workplace injuries and illnesses; and
- Piloting a six-month global mentorship program to increase
mid-career development and to grow diversity, specifically among
people of color and women in manager and director roles.
The full report can be viewed in the ESG section of Bausch +
Lomb’s website here.
About Bausch + Lomb
Bausch + Lomb is dedicated to protecting and enhancing the gift
of sight for millions of people around the world – from the moment
of birth through every phase of life. Its comprehensive portfolio
of more than 400 products includes contact lenses, lens care
products, eye care products, ophthalmic pharmaceuticals,
over-the-counter products and ophthalmic surgical devices and
instruments. Founded in 1853, Bausch + Lomb has a significant
global research and development, manufacturing and commercial
footprint with approximately 13,000 employees and a presence in
nearly 100 countries. Bausch + Lomb is headquartered in Vaughan,
Ontario with corporate offices in Bridgewater, New Jersey. For more
information, visit www.bausch.com and connect with us on Twitter,
LinkedIn, Facebook and Instagram.
Forward-looking Statements
This news release may contain forward-looking statements, which
may generally be identified by the use of the words “anticipates,”
“hopes,” “expects,” “intends,” “plans,” “should,” “could,” “would,”
“may,” “believes,” “estimates,” “potential,” “target,” or
“continue” and variations or similar expressions. These statements
are based upon the current expectations and beliefs of management
and are subject to certain risks and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. These risks and uncertainties include,
but are not limited to, the risks and uncertainties discussed in
Bausch + Lomb’s filings with the U.S. Securities and Exchange
Commission and the Canadian Securities Administrators, which
factors are incorporated herein by reference. They also include,
but are not limited to, risks and uncertainties caused by or
relating to the evolving COVID-19 pandemic, and the fear of that
pandemic and its potential effects, the severity, duration and
future impact of which are highly uncertain and cannot be
predicted, and which may have a material adverse impact on Bausch +
Lomb, including but not limited to its project development
timelines, launches and costs (which may increase). Readers are
cautioned not to place undue reliance on any of these
forward-looking statements. These forward-looking statements speak
only as of the date hereof. Bausch + Lomb undertakes no obligation
to update any of these forward-looking statements to reflect events
or circumstances after the date of this news release or to reflect
actual outcomes, unless required by law.
© 2023 Bausch & Lomb Incorporated or its affiliates.
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version on businesswire.com: https://www.businesswire.com/news/home/20230501005114/en/
Investors: Arthur Shannon arthur.shannon@bausch.com
Allison Ryan allison.ryan@bausch.com (877) 354-3705 (toll free)
(908) 927-0735 Media: Lainie Keller lainie.keller@bausch.com
(908) 927-1198 Kristy Marks kristy.marks@bausch.com (908)
927-0683
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