Baxter Integrates Business with its Mission to ‘Save and Sustain Lives’
(3BL Media/Justmeans) – A commitment to corporate responsibility involves achieving the financial goals of the business through continuous stakeholder engagement, good corporate governance, and a focus on social and environmental values. The well-being of the stakeholders as well as the communities must be integrated into business strategy.
Baxter International recently launched its 18th annual corporate responsibility report, Making a Meaningful Difference, which details the company’s commitment to delivering ESG value to the communities and constituencies the company serves in support of its mission to “Save and Sustain Lives.”
Baxter has also been recognized for the fourth consecutive year as one of the 50 most community-minded companies in the US. Baxter Chairman and CEO José (Joe) E. Almeida said that the company’s corporate responsibility priorities are tightly integrated with its strategic imperatives as a healthcare leader.
Quality and Patient Safety
In 2016, Baxter established Top 20 Complaint Reduction, a comprehensive program to enhance product performance and safety. This program helped the company decrease product complaint incidents by 22 percent, exceeding the goal of a 15 percent reduction by 2020.
In 2016, more than 14,000 employees logged more than 165,000 hours of exercise as part of the BeWell@Baxter Exercise Challenge. This represents a 29 percent increase in hours compared to 2015. Fifty-four percent of facilities worldwide took part in “Healthy Eating Month.” In 2016, Baxter offered free seasonal flu vaccinations to 97 percent of its employees.
During 2016, Baxter implemented 212 energy conservation projects that saved more than $5.6 million and 298 trillion joules of energy on an annual basis, avoiding more than 16,000 metric tons carbon dioxide equivalent (CO2e) of GHG emissions.
During 2016, several Baxter sites increased total water usage due to expansion or renovation, start-up and other changes in manufacturing processes. The company implemented water recovery and reuse projects at some facilities.
Baxter launched its supplier audit pilot program in 2016 and conducted one audit in Asia Pacific, two in North America and two in Europe. The audit format, aligned with the Pharmaceutical Supply Chain Initiative (PSCI) protocol, covers ethics, labor, environmental, health and safety, and related management systems.
Baxter spent nearly $370 million in 2016 with small suppliers in the US and Puerto Rico. During the year, the company also spent $89 million with women-owned businesses and $40 million with minority-owned firms. Veteran-owned, service-disabled veteran-owned, disadvantaged and HUBZone-certified businesses represented $6.7 million, $0.5 million, $12.4 million and $0.8 million of Baxter’s spending, respectively.
Baxter donated nearly $14 million in products to donor partners Americares, Direct Relief and Partners in Health. These organizations distributed Baxter products in 67 countries in response to disasters and to support medical missions. The Baxter International Foundation and Direct Relief launched a mobile health initiative to bring life-saving medical treatment and education to more than 10,000 patients annually in Mexico City.
Source: 3BL Media