Summary: Henry Schein released its 2023 CARES Report on Sustainability and Corporate Citizenship, highlighting the company’s efforts in healthcare access, innovation, relationship-building, team empowerment, and environmental sustainability. Key achievements include setting Net Zero targets, increasing recycling, advancing diversity and inclusion, donating over $40 million, and enhancing corporate governance and data protection standards.

Key Takeaways:

  • Sustainability and Corporate Citizenship: Henry Schein’s 2023 CARES Report focuses on healthcare access, innovation, relationship-building, team empowerment, and environmental sustainability.
  • Significant Achievements: The company committed to Net Zero by 2050, increased recycling, advanced diversity and inclusion, donated over $40 million, and enhanced corporate governance and data protection.

Henry Schein released its 2023 CARES Report on Sustainability and Corporate Citizenship. Henry Schein Cares, the company’s global corporate citizenship program, aims to drive positive change through its five pillars:

  • Catalyzing health care access
  • Advancing policies, solutions and innovation
  • Relationship-building for change
  • Empowering Team Schein
  • Sustaining the planet

Reporting Standards and Goals

Henry Schein reported on its sustainability efforts in 2023 in accordance with Sustainability Accounting Standards Board and Global Reporting Initiative Standards, as well as with the Task Force on Climate-related Financial Disclosures and the Greenhouse Gas Protocol. The CARES Report highlights Henry Schein’s efforts to promote responsible business practices and create value for each of our stakeholders – Team Schein Members, customers, suppliers, investors, and society.

Key Progress on 2023 Goals

Key progress on the company’s 2023 goals and commitments includes, but is not limited to:

  • Submitted near- and long- term targets, committing to Net Zero by 2050 to the Science-Based Targets initiative (SBTi), from a 2022 base year.
  • Achieved recycling goal (10%) by increasing the North American distribution recycling program by 28.8% over 2020 metrics.
  • Expanded Diversity and Inclusion (D&I) learning journey by educating Team Schein Members on key D&I topics (66% of directors and vice presidents and 79% of US managers).
  • Donated more than $40 million in cash and product to hundreds of global charitable partners.
  • Increased the percentage of independent directors (from 71% to 85%) and female directors (from 21% to 31%) on the company’s board.
  • Updated its Worldwide Business Standards and issued Global Principles on Data Protection and Security and the Responsible Use of AI Systems.
  • Launched a new Corporate Citizenship Barometer to better understand and quantify how key stakeholders perceive our sustainability priorities, commitments, and impact.

Statement from Leadership

“At Henry Schein, we envision a future where our innovation, leadership, and trusted partnerships inspire and generate positive impact across the healthcare ecosystem, ensuring a more sustainable and healthier future for generations to come,” said Stanley M Bergman, chairman of the board and chief executive officer of Henry Schein, Inc. “This report reflects Henry Schein’s 92-year history of serving as a good corporate citizen because we believe that the foundation of our success – a culture built on care – fosters not only business prosperity but also a more sustainable world. We remain dedicated to fulfilling our commitments and strengthening trust with our constituencies.”