GlobalData offers a comprehensive analysis of DexCom, 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 DexCom‘s ESG performance. GlobalData’s company profile on DexCom 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.
DexCom, a medical device company, has taken steps to better understand its carbon footprint and work towards climate change efforts. In late 2021, the company procured sustainability software to track and analyze current and historical greenhouse gas (GHG) emissions produced by DexCom’s global facilities. DexCom's latest filings mentioned the keywords 'Emissions' and 'Carbon Footprints' most number of times in relation to 'Climate Change'.
DexCom has already taken steps to better understand its carbon footprint and has built an inventory of emissions data reflecting the past three years. The company has shared its GHG metrics for the first time, including Scope 1 emissions at (company facilities – gas), Scope 2 emissions (purchased electricity, steam, heating, and cooling for own use), and select Scope 3 emissions (waste generated in operations) for its company. DexCom is also planning to complete an assessment in 2023 to define which Scope 3 emissions are relevant to its business.
In 2022, DexCom's GHG emissions increased compared to the previous year. The company's Scope 1 GHG emissions from natural gas increased from 1,908 mtons CO2e in 2020 to 3,298 mtons CO2e in 2022. Its Scope 2 GHG emissions from electric power also increased from 9,133 mtons CO2e in 2020 to 12,657 mtons CO2e in 2022. However, the company diverted nearly 60% of its total waste from the landfill in 2022, which will help decrease its carbon footprint.
DexCom has taken steps to improve its operational efficiency, including instituting a program to stack pallets more efficiently in trucks, which resulted in the elimination of over 2,600 truckloads and the associated emissions from those trips. The company has also procured sustainability software to track and analyze current and historical greenhouse gas (GHG) emissions produced by its global facilities. The company has identified climate-related risks and opportunities, including extreme weather patterns related to global warming, which present ongoing acute physical risk to its operations and supply chain.
In conclusion, DexCom has taken significant steps to understand its carbon footprint, track greenhouse gas emissions, and implement initiatives to improve operational efficiency and waste management, showcasing its commitment to climate change efforts.