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Sustainability
Human health and environmental health are interconnected.
Our Environmental Goals
Using 2020 as a baseline, we aim to
achieve the following by 2025:
25%
increase of renewable electricity
5%
reduction of regulated medical waste
10%
increase of waste reclamation rate
10%
reduction of water withdrawal
By 2026:
10%
increase courier fleet fuel efficiency versus 2021
As a next step in the evolution of our environmental sustainability efforts at Labcorp, we joined more than 2,000 businesses and financial institutions in 2021 by committing to participate in Science Based Targets initiative (SBTi), which drives ambitious climate action in the private sector by enabling organizations to set science-based emissions reduction targets. In 2023, SBTi approved our targets to:
- Reduce absolute scope 1 and 2 GHG emissions 42% by 2030
- Reduce absolute scope 3 GHG emissions 25% by 2030
Labcorp has also established a Climate Transition/Carbon Reduction Plan.
Making a Difference
22%
increase in waste reclaimed versus 2020
8%
decrease in Scope 2 (market based) emissions per million dollars of revenue versus 2022
5%
reduction in total energy consumption per million dollars of revenue versus 2022
7%
Increase in renewable electricity and renewable energy credits (RECs) purchased versus 2022
+$5M
Invested in hybrid and electric vehicles in 2023
$45M
In capital approved over 40 projects containing sustainability benefits