Becton, Dickinson Unveils ESG Strategy for 2030 MarketWatchBecton, Dickinson Unveils ESG Strategy for 2030 MarketWatchBecton, Dickinson Unveils ESG Strategy for 2030 MarketWatch
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By Chris Wack Becton. Dickinson and Co. announced Monday that it is implementing a new strategy in order to promote environmental, social, and governance initiatives for 2030 and beyond.
Becton stated that it prioritizes climate change by reducing emissions and incorporating climate impact considerations in its business strategy. It also addresses the impact of its products as well as the resilience of its supply chain. The company joined the U.N.’s Race to Zero campaign. It now joins the largest alliance dedicated to achieving zero carbon emissions by 2050, or earlier. Its 2030 goals include reducing Scope 1 & 2 greenhouse gas emissions by 46% by 2030, starting from a 2019 baseline, and achieving carbon neutrality in direct operations by 2040. The company also committed that it would reduce Scope 3 emissions. The company plans to reduce the environmental impacts of its product portfolio through addressing plastic and packaging material usage and the impact on plastics throughout its value chains through considerations in product design. Becton stated that it plans to report information about performance and progress towards its ESG goals through its annual sustainable report. This report will be in line with recognized external ESG reporting platforms. The company stated that it will continue to support the United Nations Sustainable Development Goals. Chris Wack can be reached at chris.wack@wsj.com