WAYNE, PA — In a groundbreaking move for the healthcare industry, Teleflex Incorporated (NYSE: TFX), a global provider of medical technologies designed to improve the health and quality of people’s lives, announced its climate change targets have been officially validated by the Science Based Targets initiative (SBTi). This significant achievement underscores the company’s commitment to environmental stewardship and positions it as a leader in corporate sustainability within the healthcare sector.
The validation comes as Teleflex prepares to unveil its 2023 Global Impact Report in May 2024, which is anticipated to detail the company’s comprehensive sustainability efforts and future aspirations. By aligning with the Business Ambition for 1.5°C campaign, Teleflex has pledged to meet stringent near- and long-term science-based emissions targets, aiming for net-zero greenhouse gas emissions across its value chain by 2050.
The SBTi, a partnership between the CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), offers a scientifically grounded framework that enables companies to set emission reduction targets consistent with the global imperative to limit warming to 1.5°C above pre-industrial levels. This framework is crucial for guiding corporate action on climate change at a scale and pace that matches the urgency of the challenge.
Liam Kelly, Chairman, President, and Chief Executive Officer of Teleflex, emphasized the company’s dedication to addressing climate change, stating, “Climate change is one of the most challenging issues we face as a global population and Teleflex is committed to doing our part to continue to meet that challenge head on.” He further highlighted the intention to enhance the company’s sustainability practices, thereby improving its contributions to environmental protection and societal well-being.
Under its validated science-based targets, Teleflex has committed to a substantial reduction in its greenhouse gas emissions. Specifically, the company aims to cut absolute scope 1 and 2 GHG emissions by 54.6% by 2032 from a 2019 base year. Moreover, Teleflex plans to reduce absolute scope 3 GHG emissions, encompassing indirect emissions from activities such as purchased goods and services, upstream transportation, waste generated in operations, and business travel, by 32.5% within the same timeframe. For the long term, the company has set a goal to reduce absolute scopes 1, 2, and 3 GHG emissions by 90% by 2050 from the 2019 base year.
This initiative not only places Teleflex at the forefront of the fight against climate change but also signals a broader shift within the healthcare industry towards sustainable practices. As Teleflex advances its Corporate Social Responsibility (CSR) efforts, focusing on products, patients, people, and the planet, it reinforces the critical role that businesses play in fostering sustainable healthcare solutions.
The validation of Teleflex’s climate targets by the SBTi represents a pivotal moment for the company and sets a benchmark for environmental accountability in the healthcare sector. It highlights the growing recognition among corporations of their responsibility to adopt science-based strategies to combat climate change, ensuring a healthier planet for future generations. As Teleflex moves forward with its sustainability initiatives, it not only contributes to global efforts to mitigate climate change but also demonstrates the integral connection between environmental stewardship and long-term business success.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.