Labcorp Publishes 2023 Corporate Responsibility Report

Highlights include progress on initiatives aimed at protecting the environment, cultivating a skilled and diverse workforce and expanding health access to underserved communities

BURLINGTON, N.C. (April 11, 2024) – Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, today shared progress toward advancing its mission of improving health and improving lives in responsible and sustainable ways in its 2023 Corporate Responsibility Report. 

“As a global leader of innovative and comprehensive laboratory services, we embrace the tremendous opportunity we have to make a meaningful impact,” said Sandra van der Vaart, Chief Legal and Compliance Officer. “We are proud to report our progress on key priorities including reducing our impact on the environment; advancing our inclusion, diversity and belonging framework; and expanding access to healthcare resources to underserved communities."

2023 Corporate Responsibility Highlights:

• Joined the United Nations Global Compact (UNGC) – the largest corporate sustainability initiative in the world – committing to responsible business practices in the areas of human rights, labor, environment and anti-corruption

• Advanced strategy to attract and retain a highly skilled and diverse workforce and foster a culture of belonging; among its 67,000+ employees: 
  • 70% of all global employees are women

  • 60% of all global management are women 

  • 51% of all U.S. employees are people of color 

  • 34% of U.S. management are people of color 

• Continued to invest in its employees' overall wellbeing through numerous benefits and training opportunities:
  • Approximately 31,000 U.S. employees and spouses received up to $1,000 in health reimbursement contributions for wellness activities

  • Offered more than 13,700 training courses globally

• Received approval from the Science Based Targets initiative (SBTi) for the following targets to reduce greenhouse gas (GHG) emissions: 
  • Reducing direct and indirect GHG emissions 42 percent by 2030 

  • Reducing GHG emissions across our value chain 25 percent by 2030

• Invested over $5 million in hybrid and electric vehicles, with a net increase of 187 vehicles to our fleet for a total of 990 vehicles, resulting in a 5.4% improvement in fuel efficiency versus 2021

• Awarded 143 grants through The Labcorp Charitable Foundation to support health and welfare, education, and community support initiatives focused on underserved populations

About Labcorp
Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's more than 67,000 employees serve clients in approximately 100 countries, provided support for 84% of the new drugs and therapeutic products approved in 2023 by the FDA, and performed more than 600 million tests for patients around the world. Learn more about us at www.labcorp.com.

SOURCE Labcorp

Media, Kimbrel Arculeo, 336-436-8263, [email protected]; Investors, Christin O'Donnell, 336-436-5076, [email protected]