BD Surpasses Scope 1 and 2 Reduction Milestones for FY 2023
Rhea-AI Summary
BD (Becton, Dickinson and Company) announced it surpassed its FY 2023 Scope 1 and 2 greenhouse gas (GHG) emissions reduction targets by 5 percentage points. The company reported an 18% reduction in these emissions from a FY 2019 baseline, exceeding its target of 13%.
BD also gained approval for its near- and long-term emissions reduction plans from the Science Based Target initiative (SBTi), aligning its efforts with global climate goals. Additionally, the company has doubled the number of sites using Green Electric Power and on-site renewables since FY 2019. BD aims to achieve net zero GHG emissions across its value chain by FY 2050.
BD's sustainability initiatives and progress, including a commitment to reduce Scope 1 and 2 GHG emissions by 50% by 2030, are highlighted in their Fiscal Year 2023 Corporate Sustainability Report.
Positive
- BD achieved an 18% reduction in Scope 1 and 2 GHG emissions from a FY 2019 baseline, surpassing its FY 2023 target of 13%.
- BD doubled the number of sites using Green Electric Power and on-site renewables (solar power) since FY 2019.
- BD received approval for its near- and long-term science-based emissions reduction targets from the Science Based Target initiative (SBTi).
Negative
- None.
News Market Reaction
On the day this news was published, BDX gained 1.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Gaining approval of near- and long-term targets and net-zero target from SBTi supports BD's sustainability journey by ensuring that its climate actions are science-based, transparent and aligned with global efforts to combat climate change. In FY 2023, the company reported an 18 percent reduction of Scope 1 and Scope 2 GHG emissions (from a FY 2019 baseline), surpassing its target of 13 percent for the year. Additionally, BD doubled the number of sites that are now using Green Electric Power and on-site renewables (solar power) since FY 2019.
"We're proud of the work we've done this past year to exceed our goals and address our environmental footprint, while also addressing the climate footprint of the healthcare industry, which is equivalent to nearly 5 percent of global emissions," said Maureen Mazurek, chief sustainability and EHS officer. "We know that we can't do it alone, and collaboration across industry is what will move the needle. This is why we are actively partnering with suppliers and customers, as well as alliances like Race to Zero and CHARME, to further our goal together."
To further underscore the company's commitment to achieving emissions reduction across all scopes, BD signed the White House HHS Health Sector Climate Pledge and committed to reduce its Scope 1 and 2 GHG reduction target by 50 percent by 2030 (from a 2019 baseline, absolute).
BD's emissions reduction goals, as well as other achievements across the company's 2030+ corporate sustainability goals, are reported in the Fiscal Year 2023 Together We Advance Corporate Sustainability Report, issued today.
About BD
BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its more than 70,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians' care delivery process, enable laboratory scientists to accurately detect disease and advance researchers' capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care. For more information on BD, please visit bd.com or connect with us on LinkedIn at www.linkedin.com/company/bd1/, X (formerly Twitter) @BDandCo or Instagram @becton_dickinson.
Contacts: | |
Media: | Investors: |
Jessica Offerjost | Adam Reiffe |
BD Public Relations | Sr. Director, Investor Relations |
201.258.0964 | 201.847.6927 |
1 Full details of our near- and long-term targets can be found on page 20 of the 2023 Corporate Sustainability Report
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SOURCE BD (Becton, Dickinson and Company)
FAQ
What GHG emissions reduction targets did BD surpass in FY 2023?
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What approval has BD received for its emissions reduction targets?
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