Its 2014 Citizenship & Sustainability Report presents activities and progress regarding its commitment and impacts in accordance with GRI 2013 Sustainability Reporting Guidelines.
Medical researcher, drugs producer, and consumer goods producer, Johnson & Johnson (NYSE:JNJ) has released its 2014 Citizenship and Sustainability Report, which presents its activities and progress made in accordance to its GRI 2013 Sustainability Reporting Guidelines. In first step, performance against selected pool of goals and GRI indicators has been verified by the ERM Certification & Verification Services. Below are selected 2014 highlights during the fiscal year 2013-2014 year.
Johnson & Johnson has leveraged its expertise in areas of public health by improving maternal and newborn survival rate, preventing spread of infectious disease, strengthening the health care system, on top of healthcare workers training. Furthermore, the company has continued to drive the innovation culture across the enterprise for delivering high-quality standard healthcare. To top it all, in collaboration with partners in the social, economic, and environmental aspect of its supply chain, the organization has driven sustainability efforts beyond its mandate, to set up an example for itself and for the others.
Lastly, innovation has provided means for the company to stay relevant and bring about a notable difference to its patients and customers that it serves. As evidence of its strong innovation drive, it has realized a less than 10% reduction in its CO2 emissions against the 7% that is set as a baseline from the energy that is being currently generated from its own clean energy sources. It has also clocked in a less than 20% decline in its fleet emission per mile, almost missing its 2015 ‘healthy future’ targets.
The downside of the report, though, is that the company seems to be struggling with its water reduction targets. It only achieved a 2.3% reduction in general water usage, way off its target of meeting a 10% absolute reduction in its water usage. Simultaneously, it also reported a slight uptick in its waste disposal of site, as well as a 13% increase in toxic waste generation.
Johnson & Johnson CEO, Alex Gorsky, stated that the company’s sustainability practices are an integral part to the success of the business, and that they are taking the work quite seriously, despite the challenges on slipping off from some targets that may require further time to be achieved.
J&J is a renowned company with a huge assortment of portfolios on its side. Thus, market analysts and experts engrave their eyes on the future endeavors of the company. Its stock price ended the day at $98.94, a gain of 0.75% the previous day.
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