DUBLIN,
Ohio, March 15, 2024 /PRNewswire/ -- Cardinal
Health (NYSE: CAH) today announced that the company has received
approval by the Science Based Targets initiative (SBTi) for its
near-term science-based greenhouse gas (GHG) emissions
reduction targets. Targets are considered science-based if
they align with what the latest climate science says is necessary
to limit global warming to 1.5°C above pre-industrial levels.
"We are committed to reducing our impact on the environment and
contributing to a more sustainable world," said Megan Maltenfort, Cardinal Health's VP of
Environmental, Social and Governance (ESG). "We value our work with
SBTi and will continue taking proactive steps to address climate
change and to reduce the environmental impact of our products and
processes."
With the SBTi approval, Cardinal Health commits to the
following science-based targets:
- reduce absolute Scope 1 and 2 GHG emissions 50% by fiscal 2030
from a fiscal 2019 base year.*
- 75% of its suppliers by spend, covering purchased goods and
services and upstream transportation and distribution, will have
science-based targets by fiscal 2028.
These approved targets represent an expansion of the company's
current goal of reducing Scope 1 and 2 GHG emissions, announced in
September 2021; the inclusion of
Scope 3 emissions from our supply chain has made the goal more
ambitious.
"As we work to achieve our targets, we will collaborate with
partners along our supply chain to collectively address the impacts
of climate change," Maltenfort said.
By the end of fiscal 2023, Cardinal Health had reduced its Scope
1 and 2 emissions by 13% from a fiscal 2019 base year. In addition,
the company continues to invest in energy efficiency opportunities
in its distribution and manufacturing sites and is looking to
expand its use of renewable energy across the enterprise. Cardinal
Health reports on progress toward its climate goals in its annual
Environmental, Social and Governance (ESG) Report.
The Science Based Targets initiative (SBTi) is a global body
enabling businesses to set ambitious emissions reductions targets
in line with the latest climate science. It is a collaboration
between CDP, the United Nations Global Compact, World Resources
Institute (WRI) and the World Wide Fund for Nature (WWF) and one of
the We Mean Business Coalition commitments.
*The target boundary includes land-related emissions and
removals from bioenergy feedstocks.
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
Cautions concerning forward-looking statements
This
news release contains forward-looking statements addressing
expectations, prospects, estimates and other matters that are
dependent upon future events or developments. These statements may
be identified by words such as "expect," "anticipate," "intend,"
"plan," "believe," "will," "should," "could," "would," "project,"
"continue," "likely," and similar expressions, and include
statements reflecting future results or guidance, statements of
outlook and various metrics, accruals and estimates. These matters
are subject to risks and uncertainties that could cause actual
results to differ materially from those projected, anticipated or
implied. These risks and uncertainties include the risk that we may
fail to achieve our emissions targets or could be unsuccessful at
reducing the emissions in our supply chain and the risk that our
attempts to reduce emissions may have unintended consequences or
could negatively impact our business performance. Cardinal Health
is subject to additional risks and uncertainties described in
Cardinal Health's Form 10-K, Form 10-Q and Form 8-K reports and
exhibits to those reports. This news release reflects management's
views as of March 15, 2024. Except to
the extent required by applicable law, Cardinal Health undertakes
no obligation to update or revise any forward-looking statement.
Forward-looking statements are aspirational and not guarantees or
promises that goals, targets or projections will be met, and no
assurance can be given that any commitment, expectation, initiative
or plan in this news release can or will be achieved or
completed.
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SOURCE Cardinal Health