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Business Wire
5 days ago
- Business
- Business Wire
Baxter Publishes Annual Corporate Responsibility Report, Demonstrating Ongoing Action to Make a Meaningful Difference Around the World
DEERFIELD, Ill.--(BUSINESS WIRE)--Baxter International Inc. (NYSE:BAX), a global medtech leader, today published its 2024 Corporate Responsibility Report. The annual report demonstrates Baxter's commitment to transparent reporting and provides updates on the company's 2030 Corporate Responsibility Commitment and Goals, 1 which strive to create a more sustainable and responsible business model. The annual report demonstrates Baxter's commitment to transparent reporting and provides updates on the company's 2030 Corporate Responsibility Commitment and Goals, which strive to create a more sustainable and responsible business model. Share 'Baxter's Mission to Save and Sustain Lives inspires our work every day and has remained a guiding force even as we redefined the company's business, portfolio and operating model in recent years,' said Brent Shafer, chair and interim chief executive officer. 'Our mission extends to Baxter's commitment as a responsible corporation and our aim to make a meaningful difference in the world. I thank Baxter's 38,000 global employees for continuing to shape who we are as a company and the positive impact we have on the patients, healthcare professionals and communities who rely on us.' 2024 Corporate Responsibility Highlights Baxter's 2024 Corporate Responsibility Report shares updates on the company's 2030 Corporate Responsibility Commitment and Goals, supporting an overarching pledge to 'Empower our Patients,' 'Protect our Planet' and 'Champion our People and Communities.' Key accomplishments from 2024 include: Reduced Scope 1 and 2 greenhouse gas emissions (GHG) by 13.5% compared to 2023 and 18.8% compared to the baseline year of 2020. This marks three-quarters of the way to Baxter's 2030 goal of a 25% emissions reduction, aligned with a well-below 2⁰ Celsius science-based target. Additionally, in 2024, Baxter invested approximately $12 million to complete 175 energy conservation projects across the company's manufacturing sites, including four solar installations and one biomass-fired steam generator installation. Completed a circular economy pilot—a model of keeping materials in circulation to help avoid waste—as part of Baxter's ongoing efforts and goal to mitigate waste across its integrated supply chain, from procurement to distribution. The pilot, which included employee education and an exploration of how circularity principles can be applied to Baxter's manufacturing processes, is helping to inform materials and waste management plans and builds on existing reuse and recycle practices in manufacturing, product and packaging. One existing example is Baxter's HR 900 hospital beds, which are manufactured in Pluvigner, France and made from nearly 37% recycled materials. Invested approximately $31.5 million in underserved and disaster-affected communities worldwide through strategic partnerships and product donations from both Baxter and the Baxter Foundation, including more than $4 million to support employees and communities affected by Hurricane Helene in the U.S. The Baxter Foundation focuses on collaborations with leading global humanitarian organizations to increase access to healthcare, bolster science, technology, engineering and math (STEM) education and promote community resilience. In 2024, Baxter's charitable giving reached people in more than 100 countries. For the fourth consecutive year – since the current goal set was launched – achieved an annual goal of top quartile workplace safety performance in total recordable incident rate. Prioritizing Stakeholder Engagement and Transparent Reporting Baxter periodically conducts materiality assessments to understand and prioritize topics that are important to the long-term sustainability of Baxter's business and most relevant to the company's stakeholders. In 2024, Baxter conducted a double materiality assessment to analyze how the company impacts the environment and society as well as how environmental, social and governance topics impact the company's operational results and financial position. The findings help inform Baxter's corporate responsibility strategy, commitment and goals and provide critical insights as the company evaluates its commitment and goals following the sale of its Kidney Care business in January 2025. An overview of the assessment and its findings are included in this year's report. In addition, the 2024 Corporate Responsibility Report includes Baxter's annual Sustainability Accounting Standards Board (SASB) Index, based on the SASB Medical Equipment and Supplies Sustainability Accounting Standard, and the annual Task Force on Climate-related Financial Disclosures (TCFD) Index. Learn more about Baxter's corporate responsibility initiatives here. About Baxter At Baxter, we are everywhere healthcare happens – and everywhere it is going, with essential solutions in the hospital, physician's office and other sites of care. For nearly a century, our customers have counted on us as a vital and trusted partner. And every day, millions of patients and healthcare providers rely on our unmatched portfolio of connected solutions, medical devices, and advanced injectable technologies. Approximately 38,000 Baxter team members live our enduring mission: to save and sustain lives. Together, we are redefining how care is delivered to make a greater impact today, tomorrow and beyond. To learn more, visit and follow us on X, LinkedIn and Facebook. This release includes forward-looking statements concerning Baxter's 2030 Corporate Responsibility Commitment and Goals and other plans and initiatives described in the release. The statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those in the forward-looking statements: the company's ability to achieve the intended benefits of our strategic actions, including the sale of our Kidney Care business, business strategy and development activities and cost saving initiatives; demand for and market acceptance risks for, and competitive pressures (including pricing) related to new and existing products and services; product development risks; inability to create additional production capacity in a timely manner or the occurrence of other manufacturing, sterilization, or supply difficulties (including as a result of natural disaster or severe weather event, war, terrorism, global public health crises and epidemics/pandemics, regulatory actions or otherwise); satisfaction of regulatory and other requirements; product quality, manufacturing or supply, or patient safety issues; actions of regulatory bodies and other governmental authorities and changes in law and regulations and other governmental pressures in the United States and globally; the impact of physical effects of climate change, severe storms (including Hurricane Helene) and storm-related events; the company's ability to meet evolving and varied corporate responsibility expectations of our stakeholders, including compliance with new and emerging sustainability regulations; and other risks identified in Baxter's most recent filing on Form 10-K and Form 10-Q and other SEC filings, all of which are available on Baxter's website. Baxter does not undertake to update its forward-looking statements unless otherwise required by the federal securities laws. Baxter and HR 900 are trademarks of Baxter International Inc. or its subsidiaries. 1 Data presented in the 2024 report includes Baxter's Kidney Care business, which was sold in January 2025, unless otherwise noted.
Yahoo
07-04-2025
- Business
- Yahoo
EQB details progress towards sustainability commitments in 2024 Responsibility Report
TORONTO, April 7, 2025 /PRNewswire/ - EQB Inc. (TSX: EQB) ("EQB" or the "Company") is proud to publish its latest Responsibility Report. The annual report outlines the Company's progress against its sustainability priorities and efforts to build an ecosystem of innovation and growth that serves its purpose of driving change in Canadian banking to enrich people's lives as the owner of Equitable Bank, Canada's Challenger BankTM. "Our role as Canada's Challenger Bank includes a clear responsibility to operate with transparency, accountability and care for Canada's communities and environment, in tandem with our efforts to grow, innovate and advocate for a better banking system for Canadians," said Andrew Moor, president and CEO, EQB. "We've made meaningful progress across our priorities this year, including advancing affordable housing, helping more Canadians access financial tools that provide better value, maintaining robust governance standards and operating with a thoughtful approach to climate responsibility – all while continuing to grow with purpose." The EQB Responsibility Report captures key milestones across existing programs while also outlining new strategies designed to support a more sustainable future. Key highlights from this year's report include: Record support for Canadians' homeownership aspirations and affordable housing development Record year in efforts to support Canada's housing supply, with Equitable Bank funding $4.3 billion in multi-unit residential loans that supported the development of 170 properties Issued a $735 million social covered bond, the first-of-its-kind by a Canadian bank, with a clear focus on social and affordable housing Committed to investing in the Company's alternative asset manager ACM Advisors' new Social and Climate Fund, which is set to launch in 2025 and will provide institutional investors with access to commercial lending assets aligned with social and climate initiatives Focus on advancing financial inclusion and innovation for all Canadians EQ Bank grew to serve more than half a million Canadians in 2024, extending its proud legacy of innovation and increasing competitive intensity in banking by launching the Notice Savings Account while also supporting Canadian business owners through the beta launch of its Business Account Continued to serve the needs of Canada's growing retiree population through Equitable Bank's wealth decumulation business (including reverse mortgages and insurance lending) that grew 47% y/y and helped more Canadian seniors enjoy peace of mind and live the retired lifestyle they deserve Spearheaded a national campaign with Canadian credit unions to raise awareness for Registered Disability Savings Plans, designed to support Canadians with disabilities and their caregivers to secure their financial future Addressing climate risks and transparency in EQB's emissions profile Decreased overall emissions profile by 6% y/y, excluding ACM Advisors' managed client invested emissions Launched Equitable Bank's inaugural Sustainable Bond Framework, which outlines the Bank's focus on raising funds through issuance of Green, Social or Sustainable Bonds Continued commitment to carbon neutrality of Scope 1 and Scope 2 through retirement of 995 tCO2e Verified Emissions Reductions Commitment to equity, diversity and inclusion and community engagement Supported EQB's vibrant and empowered Employee Resource Groups, including The Black Collective, The Green Team, Indigenous, Newcomers to Canada, Proud and Women in Tech Exceeded board diversity target of independent directors self-identifying as women at 44% Grew female representations at the Junior Executive level by 17% y/y and racialized persons at the Middle Management level by 24% y/y Extended financial assistance for charities that address houselessness and mental health, supported over 180 Canadian artists and 18 Canadian arts organizations and funded several scholarships and bursaries, including those offered to Indigenous students Employees participated in 2,775 volunteer hours towards meaningful community initiatives To learn more about the EQB's commitment to a more sustainable and enriching future, including the EQB Responsibility Report, Equitable Bank's Public Accountability Statement and Sustainable Bond Framework, please visit About EQB Inc. EQB Inc. (TSX: EQB) is a leading digital financial services company with $132 billion in combined assets under management and administration (as at January 31, 2025). It offers banking services through Equitable Bank, a wholly owned subsidiary and Canada's seventh largest bank by assets, and wealth management through ACM Advisors, a majority owned subsidiary specializing in alternative assets. As Canada's Challenger Bank™, Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. It leverages technology to deliver exceptional personal and commercial banking experiences and services to over 700,000 customers and more than six million credit union members through its businesses. Through its digital EQ Bank platform ( its customers have named it one of Canada's top banks on the Forbes World's Best Banks list since 2021. To learn more, please visit or connect with us on LinkedIn. Investor contact: David WilkesVice President and Head of Financeinvestor_enquiry@ Media contact:Maggie HallDirector, PR & View original content to download multimedia: SOURCE EQB Inc.
