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Elanco Releases 2023 Environmental, Social and Governance Report, Delivering Healthier Outcomes for Animals, People, Planet and Enterprise Elanco Animal Health Incorporated (NYSE: ELAN) today released its 2023 Environmental, Social and Governance (ESG) Report, showcasing its dedication...

Key Takeaway: Elanco Animal Health has released its 2023 Environmental, Social, and Governance (ESG) Report, highlighting its commitment to sustainability across four pillars: healthier animals, people, planet, and enterprise. The report showcases Elanco's initiatives, partnerships, and progress towards addressing global challenges such as food security and climate change. Celebrating its 70th anniversary, the company emphasizes that sustainability is not just about risk mitigation, but also a competitive advantage that enables innovation in animal care.

Market Sentiment Analysis

POSITIVE FACTORS

  • Elanco's dedication to sustainability can provide a competitive advantage.
  • The company has made significant strides in improving animal health and welfare.
  • Elanco is positively impacting global issues like food security and environmental sustainability.
  • The refreshed ESG report aligns with global sustainability standards, enhancing its credibility.

Full Press Release Details

GREENFIELD, Ind. , July 30, 2024 /PRNewswire/ -- Elanco Animal Health Incorporated (NYSE: ELAN ) today released its 2023 Environmental, Social and Governance (ESG) Report , showcasing its dedication to advancing its four intertwined Healthy Purpose™ Pillars: Healthier Animals, Healthier People, Healthier Planet and Healthier Enterprise. The report highlights internal initiatives and strategic external partnerships that are foundational to Elanco's Healthy Purpose and demonstrate that healthier animals can positively impact major global issues like food security, mental health, social isolation and environmental sustainability.
Additionally, the company has refreshed its Sustainability Accounting Standards Board (SASB) and Taskforce on Climate-related Financial Disclosure (TCFD) reports, as well as its extensive suite of issue briefs covering leading ESG topics and KPIs, to reflect 2023 data.
"As we celebrate our 70th anniversary, we're encouraged by the progress our global team has made to continue to raise the bar on our sustainability efforts. Our efforts are embedded across the business to reduce our footprint, increase the expectations of our supply chain, and deeply engage our people in our purpose, allowing us to mitigate some of the most material risks for our business," said Jeff Simmons , Elanco President and CEO. "We also view sustainability as more than a risk mitigator, for Elanco, it's a competitive advantage, as we launch innovations that transform animal care for our customers and bring tools to help the environment. From the first treatment for parvovirus – one of the deadliest diseases in puppies – to pioneering new products and helping build marketplaces that support emissions reduction goals, our team members around the world are contributing to support healthier animals and a healthier, more sustainable world."
In 2023, Elanco refreshed its ESG materiality assessment, in alignment with the GRI Standards, IFRS Sustainability Disclosure Standards and European Sustainability Reporting Standards (ESRS), as a foundation for alignment with emerging ESG reporting requirements around the world. The output of the assessment is summarized in the 2023 report, including the impacts, risks, opportunities and managerial approaches by strategic focus area.
In 2023, Elanco advanced key programs and initiatives focused on delivering on the four pillars of Elanco's Healthy Purpose:
Healthier animals: Elanco made strides in developing industry leading innovations that enhance the quality of life and health of pets, strengthening the bond between humans and animals, while also broadly delivering the programs and processes that support humans and the animals within their care. 2023 key initiatives included:
Healthier People: Elanco remained committed to delivering positive impact on global communities, supporting small-scale producers in Nigeria and Uganda , while driving progress in food security and human health. 2023 key initiatives included:
Healthier Planet: Elanco constantly pushes boundaries, developing innovative products that tackle some of the world's most pressing challenges. From pioneering solutions that measure, reduce, and monetize our customer's carbon emissions on the farm, to minimizing the Company's operational environmental footprint. 2023 key initiatives included:
Healthier Enterprise: Elanco supports hundreds of global grassroots causes through an industry-leading employee volunteer and giving program, while also creating inclusive and safe environments where every colleague can grow personally and professionally. 2023 key initiatives include:
For details on the company's ESG disclosures, issue briefs, policies, and programs, visit elanco.com/en-us/sustainability.
Elanco Animal Health Incorporated (NYSE: ELAN ) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating value for farmers, pet owners, veterinarians, stakeholders and society as a whole. With nearly 70 years of animal health heritage, we are committed to helping our customers improve the health of animals in their care, while also making a meaningful impact on our local and global communities. At Elanco, we are driven by our vision of Food and Companionship Enriching Life and our Elanco Healthy Purpose – all to advance the health of animals, people, the planet and our enterprise. Learn more at www.elanco.com
Investor Contact: Katy Grissom (317) 273-9248 [email protected] Media Contact: Colleen Parr Dekker (317) 989-7011 [email protected]
SOURCE Elanco Animal Health
"As we celebrate our 70th anniversary, we're encouraged by the progress our global team has made to continue to raise the bar on our sustainability efforts. Our efforts are embedded across the business to reduce our footprint, increase the expectations of our supply chain, and deeply engage our people in our purpose, allowing us to mitigate some of the most material risks for our business," said Jeff Simmons , Elanco President and CEO. "We also view sustainability as more than a risk mitigator, for Elanco, it's a competitive advantage, as we launch innovations that transform animal care for our customers and bring tools to help the environment. From the first treatment for parvovirus – one of the deadliest diseases in puppies – to pioneering new products and helping build marketplaces that support emissions reduction goals, our team members around the world are contributing to support healthier animals and a healthier, more sustainable world."
In 2023, Elanco refreshed its ESG materiality assessment, in alignment with the GRI Standards, IFRS Sustainability Disclosure Standards and European Sustainability Reporting Standards (ESRS), as a foundation for alignment with emerging ESG reporting requirements around the world. The output of the assessment is summarized in the 2023 report, including the impacts, risks, opportunities and managerial approaches by strategic focus area.
In 2023, Elanco advanced key programs and initiatives focused on delivering on the four pillars of Elanco's Healthy Purpose:
Healthier animals: Elanco made strides in developing industry leading innovations that enhance the quality of life and health of pets, strengthening the bond between humans and animals, while also broadly delivering the programs and processes that support humans and the animals within their care. 2023 key initiatives included:
Healthier People: Elanco remained committed to delivering positive impact on global communities, supporting small-scale producers in Nigeria and Uganda , while driving progress in food security and human health. 2023 key initiatives included:
Healthier Planet: Elanco constantly pushes boundaries, developing innovative products that tackle some of the world's most pressing challenges. From pioneering solutions that measure, reduce, and monetize our customer's carbon emissions on the farm, to minimizing the Company's operational environmental footprint. 2023 key initiatives included:
Healthier Enterprise: Elanco supports hundreds of global grassroots causes through an industry-leading employee volunteer and giving program, while also creating inclusive and safe environments where every colleague can grow personally and professionally. 2023 key initiatives include:
For details on the company's ESG disclosures, issue briefs, policies, and programs, visit elanco.com/en-us/sustainability.
Elanco Animal Health Incorporated (NYSE: ELAN ) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating value for farmers, pet owners, veterinarians, stakeholders and society as a whole. With nearly 70 years of animal health heritage, we are committed to helping our customers improve the health of animals in their care, while also making a meaningful impact on our local and global communities. At Elanco, we are driven by our vision of Food and Companionship Enriching Life and our Elanco Healthy Purpose – all to advance the health of animals, people, the planet and our enterprise. Learn more at www.elanco.com
Investor Contact: Katy Grissom (317) 273-9248 kathryn.grissom@elancoah.com Media Contact: Colleen Parr Dekker (317) 989-7011 colleen.dekker@elancoah.com
SOURCE Elanco Animal Health

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Frequently Asked Questions

What is the focus of Elanco's 2023 ESG report?

Elanco's 2023 ESG report emphasizes its Healthy Purpose™ Pillars: healthier animals, people, planet, and enterprise.

How does Elanco support food security?

Elanco aids food security by supporting small-scale producers in Nigeria and Uganda.

What innovations did Elanco launch for animals?

Elanco developed innovations enhancing the health and quality of life for pets.

How does Elanco address environmental issues?

Elanco creates products that measure, reduce, and monetize carbon emissions on farms.

What initiatives support employee involvement at Elanco?

Elanco promotes an industry-leading volunteer program to support global grassroots causes.

Last updated: Jul 30, 2024