STOCK TITAN

BD Forms Sustainable Medical Technology Institute to Reduce the Environmental Impact of its Product Portfolio

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

BD (Becton, Dickinson and Company) has established the Sustainable Medical Technology Institute to enhance its environmental sustainability efforts. This initiative targets three key areas: sustainable product design, sterilization technologies, and materials of concern. By leveraging interdisciplinary expertise, BD aims to reduce the environmental impact of its products while supporting its 2030+ environmental, social, and governance (ESG) commitments. The institute will collaborate globally and set environmental criteria for new products to better meet sustainability needs.

Positive
  • Formation of the Sustainable Medical Technology Institute to focus on environmental sustainability.
  • Targets sustainable product design, innovative sterilization technologies, and materials of concern.
  • Initiative aligns with the company's 2030+ environmental, social, and governance (ESG) commitments.
Negative
  • None.

Institute will drive sustainable innovation in three areas of environmental stewardship, furthering progress toward the company's 2030+ environmental, social and governance (ESG) commitments

FRANKLIN LAKES, N.J., April 22, 2022 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today announced the formation of the Sustainable Medical Technology Institute, a model of practice within the organization that will bring together BD researchers and engineers, as well as quality, regulatory, policy and operational expertise, to focus on reducing the environmental impact of the company's product portfolio in three areas, including adopting sustainable product design strategies, developing and deploying sustainable sterilization technologies, and addressing materials of concern (MOC).

The Institute will serve as an example of how the company continues to advance the world of health by prioritizing high-quality, safe products for patients, while furthering its environmental, social and governance (ESG) strategy.

"As part of our ESG strategy, we made commitments in specific areas where we see the most opportunity for BD to create meaningful, measurable change over the next decade," said Maureen Mazurek, vice president, sustainability and environmental health and safety (EHS) at BD. "In order to achieve these commitments, we established a set of goals to track and measure our success, and this includes how to reduce the environmental impact of our product portfolio and address our customers' sustainability needs. These priorities led us to form the Sustainable Medical Technology Institute."

Dr. Amit Limaye, director of the Sustainable Medical Technology Institute and director of sustainability research and development at BD, added, "By empowering our teams to tap into deep expertise in areas like engineering and materials science, coupled with access to breakthrough research, technologies, and government and academic partnerships, we are well-positioned to be the best environmental stewards of our portfolio. It is our vision to create a strategic roadmap that will be integral across the organization, demonstrating how an ethical and sustainable company can drive growth, while meeting patient and customer needs in the most environmentally sustainable way possible."

The Institute will operate in North America, Europe and Asia, and will collaborate with cross-functional teams within the company's business units, inclusive of research and development, regulatory, quality, policy and operations roles, with the goal of ensuring accountability and a streamlined approach to sustainability efforts, as well as further address sustainability needs within the industry and global regulatory bodies. Key initial efforts include reestablishing a set of minimum environmental and human health criteria for new products and product changes aligned with the company's 2030+ ESG commitments and goals, and identifying new ways to reduce, reuse, recycle or replace materials. These efforts will inform the company's product life cycle roadmap and enable adoption of a sustainable-by-design product development process.

Visit the company's website to learn more about its environmental, social and governance strategy and commitment to advancing company, planet, community and human health; and for more information about innovation at BD, visit https://www.bd.com/en-us/about-bd/innovation-at-bd.

About BD

BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its 75,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians' care delivery process, enable laboratory scientists to accurately detect disease and advance researchers' capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care. For more information on BD, please visit bd.com or connect with us on LinkedIn at www.linkedin.com/company/bd1/ and Twitter @BDandCo.

Contacts:




Media:

Investors:



Jessica Offerjost

Francesca DeMartino

BD Public Relations

SVP, Head of Investor Relations

201.258.0964

201.847.5743

jessica.offerjost@bd.com

francesca.demartino@bd.com

 

Cision View original content:https://www.prnewswire.com/news-releases/bd-forms-sustainable-medical-technology-institute-to-reduce-the-environmental-impact-of-its-product-portfolio-301530697.html

SOURCE BD (Becton, Dickinson and Company)

FAQ

What is the purpose of the Sustainable Medical Technology Institute established by BD (BDX)?

The Sustainable Medical Technology Institute aims to reduce the environmental impact of BD's product portfolio by focusing on sustainable product design, sterilization technologies, and materials of concern.

How will BD (BDX) achieve its 2030+ ESG commitments through the new institute?

The institute will set minimum environmental criteria for new products and promote sustainable practices, aligning with BD's long-term ESG goals.

Where will the Sustainable Medical Technology Institute operate?

The institute will operate in North America, Europe, and Asia, collaborating with various business units within BD.

Becton, Dickinson and Co.

NYSE:BDX

BDX Rankings

BDX Latest News

BDX Stock Data

66.01B
288.35M
0.28%
91.75%
0.73%
Medical Instruments & Supplies
Surgical & Medical Instruments & Apparatus
Link
United States of America
FRANKLIN LAKES