NEWSWEEK Ranks Bristol-Myers Squibb Among Greenest Companies
Sustainability 2010 Goals Now Nearly Met, We’re Focusing on New Horizons
Solar panels are now producing about 37,500 kilowatt-hours per year of electrical energy at the company's facility in Anagni, Italy.
NEWSWEEK has named Bristol-Myers Squibb one of the greenest companies in America in the magazine’s first ever “Green Ranking
” of the nation’s 500 largest companies.
Bristol-Myers Squibb ranked eighth overall and second in the pharmaceutical sector in the study, which appeared in the September 28 issue of the magazine.
The ranking is the latest in a drumbeat of recognition for the company’s sustainability achievements. Last month, Dow Jones included Bristol-Myers Squibb in its annual North America Sustainability Index, a key reference for investors, while earlier this year Corporate Responsibility Officers Magazine recognized the company as its “Best Corporate Citizen” for 2009.
As a next-generation BioPharma leader, Bristol-Myers Squibb is focused on discovering, developing and delivering innovative medicines that help patients prevail over serious diseases. We’re also committed to conscientious citizenship, the preservation of natural resources and minimizing the environmental impact of our operations and products.
“For us, being green isn’t just about meeting environmental mandates. It is about taking proactive action that incorporates conservation and innovation across broad aspects of our business,” says Susan Voigt, vice president for Environment, Health, Safety and Sustainability. “In this respect, the Newsweek ranking and other recognitions belong to all employees, because everyone at Bristol-Myers Squibb plays a part in putting our commitment to sustainability into action.”
How We Were Ranked
Newsweek spent more than a year working with environmental researchers KLD Research & Analytics, Trucost and CorporateRegister.com to rank the nation’s largest companies based on a study of environmental performance, policies and reputation. Industry-neutral metrics allowed comparisons across different business sectors. For example, more than 700 variables went into the environmental impact score, which was then normalized against annual revenues to compare companies of different sizes and industries.
In its review of Bristol-Myers Squibb, the magazine cited the company’s commitment to reducing greenhouse gasses and other emissions, its worldwide systems for monitoring and reducing waste, and its further plans to reduce emissions of ozone-depleting substances. The Newsweek Green Rankings can be found online at http://greenrankings.newsweek.com/.
The Paperless Plant at Devens: Human-Machine Interface stations replace the thousands of pages of printed materials typically needed at a manufacturing site.
Progress on greenhouse gas emissions has been significant at Bristol-Myers Squibb. The company’s Sustainability 2010 Goals – a comprehensive framework for improved performance across a broad range of measures – called for an indexed 10 percent reduction of greenhouse gases between 2001 and 2010. That goal was met – and exceeded – in 2008, with a documented 39 percent reduction.
Great strides have also been made in waste reduction. The Sustainability 2010 Goals set an indexed target of reducing regular, nonhazardous waste material by 20 percent from the 2002 baseline year. The company met that goal in 2008, recording a 45 percent reduction when indexed to sales.
Impressive gains on energy conservation – an absolute 21 percent decrease in energy use from 2001 to 2008 (or a 40 percent drop when indexed to sales) – further demonstrate the company’s commitment to sustainability.
Among our significant initiatives:
- Energy conservation at our manufacturing facilities in Swords and Cruiserath, Ireland. In 2007, Bristol-Myers Squibb Ireland won a National Responsible Care Award in the category of energy management. A cross-site team was established to implement energy saving opportunities, which resulted in a reduction in natural gas and electricity usage.
- Our new Devens, Massachusetts, manufacturing facility is expected to go on line with commercial production of our biologic ORENCIA® (abatacept) in 2011. Along with energy savings and environmental benefits, green buildings provide a satisfying work environment. Construction of the Devens facility led to the development of a new set of Bristol-Myers Squibb green design standards and guidelines that will be used in future construction and renovation.
- Solar panels installed in 2007 and 2008 are helping to power our manufacturing facility in Anagni, Italy, while an office building in Munich, Germany, uses geothermal technology to reduce its energy needs.
- In April 2008, our research facility in Wallingford, Connecticut, became the first building in the U.S. to receive Green Globes recognition for reducing environmental impacts, providing a healthy indoor environment and pollution controls, and applying a comprehensive energy management plan.
- Our fleet operations are working to reduce fossil fuel consumption by using more hybrid and higher mileage vehicles. In 2008, we purchased 137 hybrids. Automotive Fleet, an industry news forum for commercial and government fleets, ranked Bristol-Myers Squibb #6 on its 2009 list of the Top 50 Green Fleets.
- The Green IT Initiative was created in 2008 to help track and expand efficiency projects, with the goal of reducing IT-related energy use, waste and greenhouse gas emissions. Goals include reducing energy use, eliminating screensavers and converting PCs and laptops to “green standards,” and other initiatives such as recovery through recycling and reduction of hazardous substances.
- Several of our U.S. facilities have joined forces with the Wildlife Habitat Council to protect and enhance wildlife habitats in and around our facilities.
2010 … And Beyond
Bristol-Myers Squibb launched its Sustainability 2010 initiative in 2000. Today, with 2010 around the corner and nearly every goal met, the company is refocusing on new horizons. “We are developing a new set of goals – Sustainability 2015 – which we are planning to launch next year,” says Voigt.
Ironically, the success of Sustainability 2010 makes further progress all the more challenging. For example, relatively easy gains in energy conservation were made over the past decade by improving lighting systems at company facilities – switching to high efficiency fluorescent lights, and installing monitors and motion-sensors with automatic switches. “Most of our original goals have already been achieved and so continued progress becomes more challenging,” says Robert Draeger, director, EHS Strategies and Outreach. “However, there’s still plenty of opportunity out there.”
Draeger predicts technological advances, innovation and continued refinement of processes will continue to raise the bar of sustainability at Bristol-Myers Squibb. “You just have to become more innovative and get more people involved,” he says.
Continuous sustainability improvement. It’s just part of what being BioPharma is all about.