Verification Statements Assessment of GRI G3 Application Level

Haley & Aldrich, Inc. has completed an independent, third party review of the 2008 Bristol-Myers Squibb Web-based Sustainability Report against the Global Reporting Initiative G3 Sustainability Reporting Guidelines Version 3.0. The purpose of this assurance engagement was to:

• Verify the 2007 environmental results of Bristol-Myers Squibb Key Performance Indicators contained in the online sustainability report, and identify the strengths and weaknesses of the underlying systems and programs to support the data presented in the online report.
• Review Bristol-Myers Squibb sustainability website content that reports overall sustainability performance to assess whether Bristol-Myers Squibb conforms to the G3 reporting guidelines and application level B.

We found that Bristol-Myers Squibb has satisfactorily applied the GRI Reporting Framework, meets the report content requirements as specified by G3, and fulfills the spirit of the Principles concerning Report Content, Report Quality, and Boundary Setting. In our opinion, the content provided for the 2008 Bristol-Myers Squibb Web-based Sustainability Report meets the content and quality requirements of Global Reporting Initiative G3 Version 3.0 Application Level B+.

A copy of the letter detailing the results of this assessment is available here (PDF: 40 KB).

Specialty Technical Consultants, Inc. (STC) was engaged by Bristol-Myers Squibb Company (BMS), to perform a quality assurance review of its internal Environment, Health and Safety (EHS) Evaluation Program. The objective of this review was to determine if internal EHS audit systems are functioning effectively to maintain and continually improve EHS performance and to verify that the Evaluation Program was operating in conformance with established procedures and selected external consensus standards.

STC’s review process included the observation of an EHS Evaluation site visit, interviews with Evaluation Program staff and key stakeholders, and review of audit documents. Data gathering took place during November 2010.

STC found that the BMS EHS Evaluation program conforms to the organization’s Corporate Evaluation SOP (CEHSS-ADM-007) and to the external standards against which it was compared. We identified several program strengths including:

• Frequent and effective audit communications;
• Lead Evaluators who are well prepared and effectively organize the activities; and
• The use of Team Evaluators from other BMS facilities to “cross-pollinate” effective EHS practices.

Finally, we made several recommendations for improvement, the majority of which relate to BMS’s ongoing efforts to improve the scoping of individual audits and ensure a comprehensive evaluation of EHS compliance and management systems.

It is our opinion that the BMS EHS Evaluation Program is an effective tool to help the company manage EHS risks and continually improve EHS performance.

Barbara Jo Ruble, QEP, CPEA
President
Specialty Technical Consultants, Inc.
December 2010

Bureau Veritas North America, Inc. (Bureau Veritas) has been engaged by Bristol Myers Squibb (BMS) to conduct an independent verification of select environmental data for the reporting period from January 1, 2011 through December 31, 2011.

This Verification Statement applies to the data included within the scope of work described below. The data and its presentation in the Carbon Disclosure Project (CDP) and Water Disclosure Project (WDP) submissions and corporate sustainability reports (Reports) are the sole responsibility of the management of BMS. Bureau Veritas was not involved in the drafting of the data or Reports. Our sole responsibility was to provide independent verification on the accuracy of selected data included in the scope.

Date Verification was Completed: June 1, 2012     Type of Verification: Limited

Scope of the Verification

Data verified for the reporting period included:

• Direct Greenhouse Gas (GHG) emissions (Scope 1)
• Indirect GHG emissions (Scope 2)
• Total Energy Consumption
• Water Consumption

Methodology reviewed for the reporting period included:

• Direct GHG emissions from business air travel for inclusion under Scope 3.

Excluded from the scope of our work is any verification of information relating to:

• Text or other written statements associated with submissions;
• Activities outside the defined reporting period.

Verification Protocols used to Conduct the Verification

Our work was conducted against Bureau Veritas’ standard procedures and guidelines for external verification of sustainability reports, based on current best practice in independent assurance. For verification of GHG emissions we used the International Standard Organization (ISO) 14064-3 on Greenhouse gases – Part 3: Specification with guidance for the validation and verification of greenhouse gas assertions.

The work was planned and carried out to provide limited, rather than absolute assurance and we believe it provides an appropriate basis for our conclusions.

Methodology

As part of its independent verification, Bureau Veritas undertook the following activities for verification of data for the reporting period:

1. Interviews with relevant corporate and site personnel of BMS regarding data collection and reporting systems;
2. Review of documentary evidence produced by BMS;
3. Audit of data gathering and reporting protocol at two operating sites located in New Brunswick, New Jersey and Syracuse, New York;
4. Review of BMS systems for quantitative data aggregation and analysis;
5. Review of Corporate Roll Up Data and data systems; and
6. Review of BMS’ determination of Scope 1 and Scope 2 GHG emissions against the requirements of the World Resources Institute (WRI)/World Business Council for Sustainable Development (WBCSD) GHG Protocol.

Our Findings

Based on the process and procedures conducted, there is no evidence that the Scope 1 and Scope 2 GHG emissions, energy consumption and water consumption assertions shown above:

• are not materially correct;
• are not a fair representation of the GHG emissions data and information; and
• are not prepared in accordance with the WRI/WBCSD GHG Protocol Corporate Accounting and Reporting Standard.

Based on the process and procedures conducted, there is no evidence that the energy consumption and water consumption assertions shown above:

• are not materially correct; and
• are not a fair representation of the consumption data and information;
• It is our opinion that Bristol Myers Squibb has established appropriate systems for the collection, aggregation and analysis of quantitative data for determination of: Direct GHG emissions (Scope 1) and Indirect GHG emissions (Scope 2), energy consumption and water consumption.
• It is our opinion that Bristol Myers Squibb has established appropriate systems for the collection, aggregation and analysis of quantitative data for determination of Direct GHG emissions (Scope 3) from business air travel.

Statement of independence, impartiality and competence

Bureau Veritas is an independent professional services company that specializes in Quality, Health, Safety, Social and Environmental management with almost 180 years history in providing independent assurance services, and an annual revenue in 2011 in excess of $4.4 Billion (US)

No member of the assurance team has a business relationship with BMS, its Directors or Managers beyond that required of this assignment. We have conducted this verification independently, and there has been no conflict of interest.

Bureau Veritas has implemented a Code of Ethics across the business to maintain high ethical standards among staff in their day to day business activities.

Attestation:

ANSI GHG Verification Body - Accreditation #0747

June 1, 2012

A copy of the letter detailing the results of this assessment is available here (PDF: 37 KB).