Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Established a corporate sustainability strategy focused on reducing the environmental impact of operations, product packaging, and supply chain; committed to Goal 12: Responsible Production and Consumption and Goal 13: Climate Action, of the UN SDG.

Social Achievements

• Implemented COVID-19 precautionary measures to protect employees; awarded a special bonus to frontline team members; launched Global Well-Being program; advanced a three-year diversity and inclusion strategy; took action to promote racial equity; recognized Pride month and focused on men’s health and well-being; Perrigo’s President and CEO joined the Valuable 500.
• Donated more than $6.2 million in cash and product donations worldwide.

Governance Achievements

• Board of directors appointed Orlando D. Ashford and Katherine C. Doyle as directors; CEO signed a three-year contract extension.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations, supply chains, and consumer demand; pricing pressures; competition; tax disputes; potential supply disruptions; Albuterol recall.
• Pricing erosion; lower prescription volumes due to COVID-19; potential supply disruption of a generic prescription product.

Mitigation Strategies

• Implemented COVID-19 precautionary measures; business continuity procedures; reprioritized production; mobilized to formulate hand sanitizer; implemented Project Momentum cost savings initiative; exploring alternative sourcing strategies.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN SDGs, SASB, TCFD, CDP

Certifications: ISO 9001-2008

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 5
• Goal 10
• Goal 12
• Goal 13

Detailed objectives related to these goals are in the 2020 CSR report.

Awards & Recognition

• Best and Brightest in Wellness™ Award

Environmental Metrics

ESG Focus Areas

• Sustainability
• Diversity, Equity & Inclusion (DEI)
• Governance

Environmental Achievements

• Reduced CO2e emissions by 22% since 2015
• Reduced packaging weight by 1.7M lbs since 2020
• Improved packaging recyclability by 22% since 2020
• 4 sites achieving zero waste to landfill

Social Achievements

• Created DEI function
• Launched global DEI 3-year strategy
• Introduced a Racial Equity Roadmap
• Published Perrigo’s first DEI Report
• New 2023-2026 DEI strategic direction

Governance Achievements

• Annual Elections for Each Board Member
• Separate Chairman & CEO on Perrigo’s Board of Directors
• Pay for Performance Compensation Philosophy
• No Company Loans to Employees
• No Poison Pill No Shareholder Rights Plan
• Majority Voting for Directors
• Annual Board & Committee Assessments

Climate Goals & Targets

Environmental Challenges

• COVID-19 Pandemic
• Global Supply Chain Disruption & Inflation
• Impact of Russia/Ukraine War
• Labor Shortages
• Foreign Currency Translation

Mitigation Strategies

• Supply Chain Reinvention program
• Project Momentum (cost savings)
• Pricing increases
• HRA and Gateway acquisitions
• Improved Integrated Business Planning

Supply Chain Management

Responsible Procurement

• Exclusive use of 100% sustainable palm oil (non-derivatives)
• All paper packaging comes from a sustainable source
• Engage key suppliers on climate, waste, materials & other ESG topics

Climate-Related Risks & Opportunities