Fiscal 2024 ESG highlights
Received approval Expanded ESG Governance from the Science Based supplier ESG Committee and Board Targets initiative (SBTi) due diligence of Directors aligned on for near-term science- a climate action plan based greenhouse gas (GHG) emissions designed to achieve our reduction targets emissions reduction target [...] ESG Governance at a glance
Our ESG strategy is closely aligned with our overall business strategy. Successfully carrying out our ESG strategy, improving impact across our ESG priorities and realizing our ESG goals relies on an effective governance structure. The governance structure is also critical to the appropriate oversight and management of ESG-related risks and opportunities.
Board of Directors
Relevant Board committees oversee specific issues, and the full Board discusses significant ESG risks and opportunities. The Governance and Sustainability Committee provides formal oversight of enterprise ESG activities, policies, strategies, and reporting and disclosure practices (except to the extent such matters are overseen by another Board committee). The Vice President of ESG reports to this committee each quarter, providing updates on the regulatory environment, progress against our ESG priorities, governance over ESG risks and opportunities, and our ESG strategy for the coming months and years.
ESG Governance Committee
The internal ESG Governance Committee includes Cardinal Health's senior-most leaders, including the CEO, his direct reports and other leaders across the company. This committee is responsible for approving and tracking progress against enterprise-wide ESG strategies, providing guidance on managing ESG risks and opportunities, and helping to ensure ownership and accountability across the business.
ESG Working Group
The ESG Working Group, which includes director- and vice president-level subject matter experts for Cardinal Health's ESG priority topics, is responsible for working together to develop a strategy for each of the seven priorities that is aligned with business strategies, policies and operations. The ESG Working Group also works together to integrate ESG considerations into business strategies, policies, and operations and to identify gaps and opportunities for success.
ESG team
The ESG team at Cardinal Health, led by the Vice President of ESG, is responsible for supporting and advising on the enterprise ESG strategy in collaboration with cross-functional owners and partners. This team is directly accountable for ESG data and reporting, environmental sustainability, and ESG supply chain due diligence and provides subject matter expertise in these areas. The VP of ESG coordinates ESG matters and regularly engages with the Board's Governance and Sustainability Committee. The VP of ESG and the ESG team are primarily responsible for:
Assessing and managing, with leaders across the enterprise, Cardinal Health's ESG topics
Working with senior leaders to align ESG-related priorities with Cardinal Health's business operations
Developing ESG-related goals and managing ESG data, measurement and reporting.