Cardinal Health announces approved science-based climate targets; expands focus across the supply chain
"We are committed to reducing our impact on the environment and contributing to a more sustainable world," said
With the SBTi approval, Cardinal Health commits to the following science-based targets:
- reduce absolute Scope 1 and 2 GHG emissions 50% by fiscal 2030 from a fiscal 2019 base year.*
- 75% of its suppliers by spend, covering purchased goods and services and upstream transportation and distribution, will have science-based targets by fiscal 2028.
These approved targets represent an expansion of the company's current goal of reducing Scope 1 and 2 GHG emissions, announced in
"As we work to achieve our targets, we will collaborate with partners along our supply chain to collectively address the impacts of climate change," Maltenfort said.
By the end of fiscal 2023,
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is a collaboration between CDP, the United Nations Global Compact,
*The target boundary includes land-related emissions and removals from bioenergy feedstocks.
About
Contacts:
Media: Erich Timmerman, Erich.Timmerman@cardinalhealth.com and 614.757.8231
Investors: Matt Sims, Matt.Sims@cardinalhealth.com and 614.553.3661
Cautions concerning forward-looking statements
This news release contains forward-looking statements addressing expectations, prospects, estimates and other matters that are dependent upon future events or developments. These statements may be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "will," "should," "could," "would," "project," "continue," "likely," and similar expressions, and include statements reflecting future results or guidance, statements of outlook and various metrics, accruals and estimates. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. These risks and uncertainties include the risk that we may fail to achieve our emissions targets or could be unsuccessful at reducing the emissions in our supply chain and the risk that our attempts to reduce emissions may have unintended consequences or could negatively impact our business performance.
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