Climate change is among the most pressing global challenges facing the world today, posing risks for humans and natural ecosystems. Our commitment to reducing greenhouse gas (GHG) emissions and addressing climate change that threatens human health supports our mission at Baxter to save and sustain lives.
We acknowledge the scientific evidence presented by the Intergovernmental Panel on Climate Change concerning the need to limit global average temperature increase to avoid catastrophic effects of climate change. Furthermore, we recognize that the risks and complexities of climate change are so significant that we must bring together the ingenuity and experience of all sectors of our society — private, public and nongovernmental organizations (NGOs) — to address this issue in a constructive way. We can make significant progress in addressing climate change while sustaining economic growth when governments adopt reasonable policies, programs and transition strategies.
The response to climate change must be global, but also cost-effective and equitable, and allow for economic growth based on free-market principles. We recognize the importance of the United Nations designation of climate action and affordable and clean energy among its Sustainable Development Goals. We acknowledge that aggressive and creative approaches may be needed to adequately address this issue over the long-term.
Using energy effectively enhances business efficiency, conserves natural resources and improves environmental performance. Reducing fossil fuel combustion decreases GHG emissions, improves air quality and decreases fine particulates that contribute to adverse health effects.
Corporations can and should take concrete steps now to assess opportunities for emission reductions, to establish and meet emission-reduction objectives, and to invest in renewable-energy and alternative technologies, as well as new, more efficient products and practices.
We are committed to reducing the environmental footprint of our value chain – suppliers, manufacturing, logistics and products – through increased efficiency, resource conservation, responsible procurement and logistics, and product innovation.
We have committed that by 2020 we will:
- Reduce energy use by 15% indexed to revenue from 2015 baseline. Through 2018, we reduced energy use by 7% indexed to revenue.
- Reduce absolute GHG emissions by 10% from 2015 baseline. Through 2018, we reduced absolute GHG emissions by 14%, exceeding our goal. We set our first public GHG reduction goal in 2007 and have been measuring and reporting progress in this area ever since.
In addition, we have 2020 goals to expand green transport activities, reduce product materials use and increase recycling of product waste for customers. Reducing GHGs from our operations, together with activities to mitigate environmental impacts in our value chain, help reduce the carbon footprint of our products.
Climate change poses risk to a corporation’s business, supply chain, customers and communities. We are working to identify, manage and mitigate these risks as part of our global risk-management activities. In addition to addressing climate change by minimizing our carbon footprint with an aggressive GHG emissions reduction strategy, we are focused on protecting our stakeholders by building resiliency to climate change-related issues across our supply chain.
Countries must address energy needs of the future with thoughtful planning, considering the need for new energy-production facilities along with energy-conservation measures stimulated by financial incentives. Governments should invest in and use new energy technologies, especially those fueled with renewable resources, and should provide financial incentives for others to do so.