Oct 15, 2019 Sunnyvale / CA / USA - Close up of Abbott Laboratories sign at their headquarters in Silicon Valley; Abbott Laboratories is an American medical devices and health care company; Shutterstock ID 1532109101

Abbott Publishes Its 2020 Sustainability Report

Originally published at abbott.com. Abbott ranked No. 4 on The DiversityInc Top 50 Companies for Diversity list in 2021.

 

After one of the world’s most challenging and inspiring years, Abbott wants to do much more than get back to the old normal.

During the COVID-19 pandemic, Abbott delivered results for its stakeholders like never before – but the company is setting its sights on extending its positive impact even further in the years ahead: helping society meet its most urgent health needs and building a better, more resilient world.

To accomplish this, Abbott is bolstering the strength of its supply chain, enhancing diversity, equity and inclusion, and developing products that are affordable and accessible to more people than ever before.

It comes down to sustainability, which has been part of the company and an extension of its purpose for more than 130 years — helping people live healthier, fuller lives.

A commitment to sustainability also helps generate financial strength, data show. Companies with a better environmental, social and governance (ESG) record compared to peers produced higher three- to five-year returns on equity, were less likely to have large price declines and had a greater chance of long-term success, according to a Bank of America Merrill Lynch report.

With the release of Abbott’s 2020 Global Sustainability Report and its new Diversity, Equity and Inclusion (DEI) report, the company demonstrates its effectiveness across a spectrum of ESG priorities and its commitment to building a more diverse company and more equitable societies.

These reports also look ahead to Abbott’s 2030 Sustainability Plan – a roadmap for building access and affordability into the company’s life-changing technologies and breaking down barriers to improve the lives of more than three billion people each year.

Check out these key 2020 accomplishments highlighted in the reports. And for a deep dive, read the full Sustainability and DEI reports.

Latest News

girls high school sports

Texas Gov. Greg Abbott Officially Bans Transgender Students From School Sports

Holding true to threats he has made in the past, Texas Gov. Greg Abbott has officially signed into Texas state law a rule that would restrict transgender students from participating in high school sports consistent with their gender identity. ESPN’s Katie Barnes reported that following Abbott’s action, Texas has become…

Prince

Music Icon Prince Could Soon Be Honored With Posthumous Congressional Gold Medal

He changed music history and was the soundtrack for countless people’s lives, and now music legend Prince could soon be awarded a posthumous Congressional Gold Medal by the U.S. government. Mark Kennedy of the Associated Press has reported that “Minnesota’s Congressional delegation on Monday, Oct. 25, introduced a resolution to…

AAPI Hate

New FBI Report Estimates Anti-Asian Hate in the United States Increased by 73% in 2020

We’ve known anti-Asian sentiment increased dramatically in the U.S. since the beginning of the COVID-19 pandemic, but new government data quantifies just how shockingly severe that jump has been. Based on recently released FBI data, Sakshi Venkatraman of NBC News reported that “anti-Asian hate crimes increased more than 73% in…

map of Iowa

Black Iowa Democratic Party Chair Ross Wilburn Threatened With Lynching After Penning Anti-Trump Op-Ed

An Iowa Democrat has been threatened with violence simply for writing an opinion piece critical of the former president. Brianne Pfannenstiel of the Des Moines Register has reported that “Iowa Democratic Party Chair Ross Wilburn received multiple threats, including one of lynching, after he penned an opinion piece critical of…

Facebook logo

Facebook Forced To Pay a Record $14-Million Settlement for Discriminating Against US Workers

October continues to be a month Facebook likely wishes it could forget. First came Frances Haugen, the whistleblower who explained in chilling detail how the site and its algorithms are designed to profit off what she called “the spread and amplification of hate, misinformation and political unrest.” Then there was…