GlobalData offers a comprehensive analysis of Bausch & Lomb, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Bausch & Lomb‘s ESG performance. GlobalData’s company profile on Bausch & Lomb offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Bausch & Lomb, a global eye health company, has released its 2022 ESG report, which outlines the company's efforts to reduce its carbon emissions and work towards climate change. Bausch & Lomb's latest filings mentioned the keywords 'Emissions' and 'Recycling' most number of times in relation to 'Climate Change'.
In terms of emissions, the report shows that Bausch & Lomb emitted 52,163 metric tons of CO2 equivalent in direct (Scope 1) GHG emissions and 40,840 metric tons of CO2 equivalent in gross location-based energy indirect (Scope 2) GHG emissions.
The report outlines steps that Bausch & Lomb has taken to reduce its emissions, including the installation of 3,667 solar panels at its Rochester site, which reduces the company's carbon footprint by 800 tons of carbon dioxide per year. The company has also implemented a consolidation approach for emissions and operational control. Similarly, company's Waterford, Ireland, (“Waterford”) facility utilizes an energy-efficient combined heat and power (CHP) plant that recovers thermal energy for heating. In addition, the facility houses a state-of-the-art nitrogen generation plant that eliminates the need for liquid nitrogen deliveries and reduces carbon dioxide emissions by 191 metric tons per year. Between 2016 and 2022, the company gathered over 58 million units (equivalent to 356,000 pounds) of used contact lenses, eye care, and lens care materials through the ONE by ONE and Biotrue® Eye Care recycling programs.
In conclusion, Bausch & Lomb's 2022 ESG report showcases its commitment to reducing carbon emissions and addressing climate change, with specific actions such as solar panel installations and energy-efficient practices, while also highlighting their success in recycling eye care materials.