Danaher Releases 2023 Sustainability Report

Original from: yahoo! finance

Danaher Corporation (NYSE: DHR) ("Danaher" or the "Company"), the global science and technology innovator, today published its 2023 Sustainability Report which conveys the depth and scope of Danaher's sustainability program and highlights important milestones the Company achieved during the past year.​

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"We are proud of the progress we are making across our sustainability initiatives. At the heart of everything we do at Danaher is our commitment to continuous improvement, and our sustainability program exemplifies this commitment," said Rainer Blair, President and Chief Executive Officer.

This year's report details several key accomplishments across Danaher's sustainability strategic pillars:

Innovating Products That Improve Lives and Our Planet

-    Danaher updated its Danaher Business System (DBS) product development tools to prompt consideration of our customers' sustainability needs at key junctures in the product design, development and launch processes.

Building the Best Team

-    In 2022, Danaher increased female representation in its global workforce to 38% and U.S. People of Color representation to 41%. Over 70% of Danaher's 2022 U.S. new hires were diverse (women and/or People of Color).

-    Danaher maintained pay equity across gender and racial/ethnic groups in the U.S. in 2022 and expanded the scope of this analysis to determine that the Company also achieved base pay equity for women globally.

Protecting Our Environment

-    Danaher has developed a suite of domain-specific DBS tools and processes to drive efficient progress toward its goal of reducing Scope 1 and 2 greenhouse gas emissions by 50.4% by 2032 compared to 2021.

-    Danaher is leveraging DBS to deploy a global program to identify, assess and manage climate risks and opportunities based on recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).

Foundational Elements: Supply Chain Sustainability

-    By the end of 2022, Danaher assessed and rated the sustainability practices of suppliers representing over 50% of the Company's annual supplier spend, with a goal to increase that coverage to 80% by the end of 2023.

Mr. Blair concluded, "Every day across Danaher, we work to positively impact the world around us in meaningful ways. We know that when we bring together the passion and dedication of our teams, the scope and scale of our innovations, and our deeply ingrained commitment to continuous improvement, Danaher's potential for long-term positive impact is limitless."

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Source: Danaher Releases 2023 Sustainability Report