May 13, 2021 – Henry Schein, Inc. (Melville, NY) announced a series of efforts to further advance its environmental, social, and governance (ESG) performance and to reaffirm its commitment to the United Nations’ Sustainable Development Goals.
As outlined in the company’s 2020 Sustainability and Corporate Social Responsibility (CSR) Report, titled “Resilience for a Healthier World,” the company’s ESG strategy includes enhancing health equity and access to care, expanding ESG disclosures, and taking action to address the climate crisis.
By the end of 2022, Henry Schein plans to report progress in accordance with the standards of each of the Global Reporting Initiative and Sustainability Accounting Standards Board. In addition, the company is enhancing its disclosures on climate risks and opportunities according to recommendations made by The Financial Stability Board’s Task Force on Climate-Related Financial Disclosures and exploring a pathway to setting a Science-Based Target.
Among other work highlighted in the report, Henry Schein is committed to the following actions for accelerating ESG stewardship:
- Aspiring to be carbon neutral in its supply chain emissions by the year 2050, if not sooner. In 2021, Henry Schein will focus on baselining its distribution and transportation metrics in key markets in North America, Europe, and Australia
- Aiming to donate at least $50 million in cash and product through Henry Schein Cares and the Henry Schein Cares Foundation, Inc. by 2025 to advance health equity
- Enhancing in 2021 an individual D&I goal tied to Henry Schein’s annual performance incentive program (i.e., cash bonus plan) for the senior managers in the Company (Directors, Vice Presidents, and Members of the Executive Management Committee)
- Contributing as a member to the World Economic Forum’s Stakeholder Capitalism Metrics initiative, which seeks to improve ways companies measure and demonstrate their performance against ESG indicators and to enable positive contribution towards achieving the United Nations’ Sustainable Development Goals
- Committing to an all-electric operations lift truck fleet in its U.S. distribution centers by 2025