In the annual Green Rankings produced by Trucost and Jantzi-Sustainalytics and published in Newsweek magazine, Baxter ranked first in the healthcare category for the third time since the list's inception in 2009. On an overall basis, Baxter ranked fourth on the U.S. list and 24th on the global list announced October 17.
The rankings assess the largest publicly traded companies measured by revenue, market capitalization and number of employees, and on each company's environmental footprint and disclosure. Independent reviewers assess the quality of each company's environmental strategies, policies and performance.
"Baxter's commitment to sustainability spans more than three decades. Early on, the company realized that taking a responsible proactive approach to environmental issues is not only the right thing to do, but also makes good business sense," says Art Gibson, Baxter's vice president of environment, health, safety and sustainability. "It drives financial savings and continuous improvement in our operations, helps attract high-caliber and diverse talent, differentiates the company and serves our communities."
Baxter's recent environmental accomplishments include decreasing water use by 10 percent in absolute terms and 31 percent indexed to revenue compared to 2005, exceeding Baxter's 2010 water-reduction goal of 20 percent indexed to revenue. Baxter also decreased net greenhouse gas (GHG) emissions from operations by seven percent in absolute terms and 29 percent indexed to revenue compared to 2005, exceeding its 2010 GHG-reduction goal of 20 percent indexed to revenue. The company also made progress in its nine corporate sustainability priorities, including reducing natural resource use and enhancing product stewardship.
For more details on Baxter's environmental initiatives and performance, please visit the company's annual sustainability report.