Cardinal Health(US:CAH) Prnewswireยท2024-02-06 12:30Core Viewpoint - Cardinal Health emphasizes its commitment to Environmental, Social, and Governance (ESG) principles as integral to its business strategy, aiming to create long-term sustainable value for stakeholders [1]. Group 1: Empowering Employees - The company is focused on fostering an inclusive workplace where employees can be their authentic selves and are treated fairly [2]. - Cardinal Health is actively working to reduce mental health stigma and improve access to mental health services for employees, collaborating with public and private sector leaders to address mental health challenges [2]. Group 2: Creating Value for Customers and Communities - Cardinal Health is enhancing supply chain resiliency to ensure customers receive necessary products for quality patient care [3]. - The company is committed to equitable access to quality healthcare, supported by nearly $22 million in cash and product donations from the company and an additional $1 million from employee contributions, along with over 54,600 hours of volunteer service [3]. Group 3: Operating Sustainably and Responsibly - Cardinal Health has reduced its Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 13% from a fiscal 2019 base year, working towards a 50% reduction goal by fiscal 2030 [4]. - The company has established a baseline for its Scope 3 GHG emissions and submitted a science-based target for validation, with further details expected soon [4]. - A life cycle assessment showed that reprocessed compression sleeves have a 40% lower carbon footprint and reduce hospital waste disposal costs by 90% [4]. - Cardinal Health is improving its supplier due diligence program and supply chain mapping to enhance transparency and integrity [4]. Group 4: Reporting Standards - The latest ESG Report was prepared in accordance with the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and Task Force on Climate-related Financial Disclosures (TCFD) frameworks [5].