Baxter has again been named the Medical Products Industry Leader of the Dow Jones Sustainability World Index and the Dow Jones Sustainability North America Index. This marks the 14th consecutive year that Baxter has been listed in these indices and the 11th year the company has been named Medical Products Industry Leader.
The annual review is based on an extensive analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, stakeholder relations, labor practices, water-related risk management and supply chain standards.
"Our focus on sustainability reflects our values, enhances our business and is part of our responsibility as a global leader," said Robert L. Parkinson, Jr., Baxter's chairman and chief executive officer. "This recognition once again validates Baxter's sustainability efforts."
Baxter's leadership position resulted from top scores across a number of performance areas including innovation management, strategy to improve access to drugs or products, environmental policy/management system, operational eco-efficiency, bioethics, social reporting, and stakeholder engagement.
Sustainability at Baxter is about creating lasting social, environmental and economic value by addressing the needs of the company's wide-ranging stakeholder base, including shareholders. Baxter believes that it succeeds as a business by operating responsibly in service of these diverse stakeholders – which, in turn, ensures it can continue to advance the company's social, environmental and economic priorities. Overall, Baxter's sustainability initiatives support the company's mission to apply innovative science in the development of medical products and specialty therapies that save and sustain patients' lives.
Launched in 1999, the DJSI track the financial performance of the leading sustainability-driven companies worldwide, and enable investors to integrate sustainability considerations into their portfolios. The indices cover approximately $6 billion in assets under management.
"Over the last several years, we have witnessed a continued and growing interest in long-term oriented investment strategies that include sustainability investing," said David Blitzer, managing director and chairman of S&P Dow Jones Index Committee, S&P Dow Jones Indices. "In this environment, the DJSI, with its long track record of evaluating the sustainability performance of the world's largest companies, has become an important reference in the industry, for investors as well as companies included in the indices."