WE'RE DESIGNING ACCESS AND AFFORDABILITY INTO OUR PRODUCTS TO REACH ONE IN THREE PEOPLE EVERY YEAR BY 2030.
The World Needs New Approaches to Health.We All Have a Role to Play.
At Abbott, sustainability means managing our company to deliver long-term impact for the people we serve – shaping the future of healthcare and helping the greatest number of people live better and healthier.
In order to create a stronger and healthier world, we — and companies like ours — need to evolve. Focusing solely on cutting-edge innovations alone won't be enough. Our 2030 Sustainability Plan is focused on designing access and affordability into our life-changing technologies and products. Our goal is to improve the lives of more than 3 billion people by decade's end – reaching 1 billion more than we do today, each year.
That will require innovating for access and affordability from the first day of research and development. We also are working across our business and in partnership with others to break down barriers and bring these innovations to the people who need them.
But that's just the beginning. There's so much more. Find out more about how we're bringing our purpose to life through our 2030 Sustainability Plan.
It's ingrained in everything we do.
Today, building and preserving health is more important and complex than ever, with impacts ranging from infectious and chronic diseases, to malnutrition, to widening social and economic gaps across society.
For more than 130 years and through all of that history's uncertainty, Abbott's purpose has never wavered: We help people live fuller lives through better health. That's why health is at the core of how we think about sustainability and is central to our strategy for sustainable growth.
The world's healthcare systems were already overburdened by the growing impacts of aging populations and chronic disease — and that was before COVID-19. Access to care is limited. Cost is always a concern and health gaps are widening across society.
A third of people today lack access to essential health products and technologies.
There's an 18-year difference in life expectancy between rich and poor countries.
Humanity will need nearly 20 million additional health workers over the next 10 years.
Global annual healthcare spending is projected to reach $16 trillion in 2029.
Those are big numbers. They demand a big response. This is ours.
By 2030, we intend to improve the lives of over 3 billion people— more than one in three people on the planet — every year
We're making access and affordability core to new product innovation.
Transforming care for chronic disease,malnutrition and infectious diseases.
Advancing health equitythrough partnership.
We'll design our technologies and products for broader access and affordability at every step – from every phase of our R&D process, to the materials we use, to manufacturing, to the ways we reach the people who need them.
Across our business and through collaboration, we'll create new technologies and find new answers for chronic health conditions like diabetes and cardiovascular disease, malnutrition, and infectious diseases such as COVID-19, HIV, malaria and hepatitis, as well as tomorrow's pandemic threats.
We will work side-by-side with people and communities we serve, partners, governments and other stakeholders to address health disparities, expand access and remove barriers that prevent people from living healthy lives, wherever they are.
To deliver results on advancing access to innovation, we will continue to build a more sustainable business through the actions we take every day.
We're building the diverse, innovative workforce of tomorrow.
Responsibly connecting data, technology and care.
Creating a resilient, diverse and responsible supply chain.
Protecting a healthy environment.
New ideas come from different places and points of view. To achieve our ambitions, we're actively shaping our organization for the future by prioritizing diversity and inclusion, advancing STEM education and internships, and empowering our teams with skills to meet the health needs of tomorrow.
Our data insights and connected technologies help people and their doctors make better, faster and more complete decisions about their health in ways that fit easily into their lives. Just as important, we protect our patients and customers through secure and responsible data collection.
We're building a more resilient supply chain, including working with suppliers to expand opportunities for diverse and small businesses, and actively engaging with suppliers to meet our high quality standards.
We're working across our operations and with key suppliers to sustainably manage our water use and address climate change by reducing carbon emissions and expanding renewable energy. And we'll reduce the environmental impact of our product packaging and minimize waste in our operations through reuse and recycling programs across our company.
For Abbott's sustainability performance reporting and data insights:
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