Quest Diagnostics Releases 2024 Corporate Responsibility Report
Rhea-AI Summary
Quest Diagnostics (NYSE: DGX) has released its 2024 Corporate Responsibility Report titled "Care Starts Here," highlighting the company's achievements across four strategic pillars: health access, employee and community engagement, governance and ethics, and environmental sustainability.
Key accomplishments in 2024 include: $13 million in corporate giving and Foundation grants, support for nearly 40 programs through the Quest Diagnostics Foundation, provision of one million donated or discounted test requisitions, and introduction of 50 new testing services. The company also spent $300 million with small U.S. businesses and welcomed Robert Carter, former FedEx CIO, to its board of directors.
Environmental initiatives included reducing electricity and single-use plastics usage, transitioning to electric and hybrid vehicles, and pursuing ISO 14001-2015 certification for additional facilities.
Positive
- Introduced 50 new innovative testing services across various disease areas
- Provided one million donated or discounted test requisitions
- Distributed $13 million in corporate giving and Foundation grants
- Spent $300 million supporting small U.S. businesses
- Added valuable technology expertise to board with new director Robert Carter
Negative
- None.
News Market Reaction
On the day this news was published, DGX declined 0.69%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The theme of the report, Care Starts Here, reflects the pivotal role Quest plays in an individual's healthcare, providing insights from laboratory diagnostics to drive well-informed decisions. The report details Quest's accomplishments in 2024 across the company's four strategic pillars of corporate responsibility: health access, employee and community engagement, governance and ethics, and environmental sustainability.
"Care runs deep in the Quest culture, energizing our more than 55,000 colleagues to deliver on the Quest Purpose, working together to create a healthier world, one life at a time," said Jim Davis, Chairman, CEO and President. "As this year's report highlights, we created several exciting new innovations and programs in 2024 to improve health quality and access, not only for our patients, but also for our employees and the communities we serve. We look forward to building on this momentum throughout 2025 and beyond."
In 2024, Quest:
- Supported nearly 40 programs through the Quest Diagnostics Foundation with organizations committed to improving clinical and community health outcomes
- Donated approximately
in corporate giving and Foundation grants to organizations focused on disaster relief, health research and local health initiatives$13 million - Provided approximately one million donated or discounted test requisitions (which often include several tests)
- Generated employee and corporate donations for over 650 nonprofits through the company's Employee Matching Gifts program
- Extended its board of directors by welcoming a new director, Robert Carter, a former Executive Vice President and Chief Information Officer for FedEx®, whose expertise in technology and logistics supports Quest's continuous improvement initiatives focused on quality and efficiency
- Introduced approximately 50 innovative new testing services focused on improving access across several disease areas, including Alzheimer's disease, certain cancers and HIV
- Spent approximately
on goods and services from small$300 million U.S. businesses - Reduced usage of electricity and single-use plastics and continued to transition the company's courier fleet in the
U.S. to electric and hybrid vehicles - Made progress toward securing International Organization for Standardization (ISO) 14001-2015 certification for environmental management for two additional labs in our Marlborough,
Massachusetts . andLewisville, Texas facilities
To read the full report, click on 2024 Corporate Responsibility Report.
About Quest Diagnostics
Quest Diagnostics works across the healthcare ecosystem to create a healthier world, one life at a time. We provide diagnostic insights from the results of our laboratory testing to empower people, physicians and organizations to take action to improve health outcomes. Derived from one of the world's largest databases of de-identifiable clinical lab results, Quest's diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve healthcare management. Quest Diagnostics annually serves one in three adult Americans and half the physicians and hospitals in the
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SOURCE Quest Diagnostics