Strategic Focus: ESG And Sustainability Digital Strategies For Healthcare
12 Dec, 2024
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Executive Summary
Healthcare organizations – comprising healthcare and hospital services, medical device manufacturers and pharmaceutical firms – are under increasing pressure to integrate sustainability into their operations, while maintaining high standards around safety and patient care. From minimizing energy use in hospital systems to addressing the affordability of pharmaceutical products and medical devices, the healthcare sector faces unique challenges that demand innovative solutions. This report highlights strategies healthcare leaders can adopt to align their practices with global sustainability goals.
Summary for decision-makers
Sustainable practices in healthcare protect people and the planet
Sustainability priorities in the healthcare industry
The healthcare sector faces numerous pressures and challenges – which were exacerbated by COVID-19
Healthcare firms must adopt processes and strategies to advance sustainability initiatives
Digital solutions can help healthcare firms embed sustainability into their business practices
Sustainable practices in healthcare protect people and the planet
Sustainability priorities in the healthcare industry
The healthcare sector faces numerous pressures and challenges – which were exacerbated by COVID-19
Healthcare firms must adopt processes and strategies to advance sustainability initiatives
Digital solutions can help healthcare firms embed sustainability into their business practices
Figure 1. Verdantix segmentation of the healthcare sector
Figure 2a. Healthcare and hospital services industry outlook
Figure 2b. Medical devices industry outlook
Figure 2c. Pharmaceutical products industry outlook
Figure 3. Representative material sustainability issues for the healthcare sub-sectors
Figure 4. Examples of sustainability initiatives in the healthcare industry
Figure 5. Internal building blocks for healthcare firms to advance their sustainability programmes
Figure 6. Examples of industry groups helping firms with sustainability initiatives
Figure 7. Examples of private-sector collaboration to improve sustainability performance
Figure 8. Six benefits of using digital solutions to support sustainability in the healthcare industry
Figure 2a. Healthcare and hospital services industry outlook
Figure 2b. Medical devices industry outlook
Figure 2c. Pharmaceutical products industry outlook
Figure 3. Representative material sustainability issues for the healthcare sub-sectors
Figure 4. Examples of sustainability initiatives in the healthcare industry
Figure 5. Internal building blocks for healthcare firms to advance their sustainability programmes
Figure 6. Examples of industry groups helping firms with sustainability initiatives
Figure 7. Examples of private-sector collaboration to improve sustainability performance
Figure 8. Six benefits of using digital solutions to support sustainability in the healthcare industry
AbbVie, AdvaMed, Aravo, Assent, Assist International, Association of the European Self-Medication Industry (AESGP), AstraZeneca, Baxter International, Bayer, Becton Dickinson and Company (BD), Benchmark Gensuite, Bio Farma, BioNTech, Boston Consulting Group (BCG), Boston Medical Center (BMC), Boston Scientific Corporation, Bristol Myers Squibb , Champalimaud Foundation, CommonSpirit Health, Compliance & Risks, CVS, Cytiva, Deloitte, DHL, Diversio, EcoVadis, Eli Lilly, Energize, Ethixbase360, European Federation of Pharmaceutical Industries and Associations (EFPIA), European Financial Reporting Advisory Group (EFRAG), EVA Pharma, GE Healthcare, Global Reporting Initiative (GRI), GSK, HCA Healthcare, Health Care at Home, Healthcare Anchor Network, International Committee of the Red Cross, International Hospital Federation (IHF), International Society for Pediatric and Adolescent Diabetes (ISPAD), Johnson & Johnson, Joint Commission International, Lilly, Mayo Clinic, Medical Society Consortium on Climate and Health, Medicines For Europe, Medtronic, Meiji, Merck KGaA, Moderna, Mölnlycke, NASDAQ, Nateria, National Health Service (NHS), NAVEX, Nortis, Novartis, Novisto, Novo Nordisk, Oritain, Persefoni, Pfizer, Pharmaceutical Research and Manufacturers of America (PhRMA), Pharmaceutical Supply Chain Initiative (PSCI), Philips, Purdue Pharma, Ramsay Health Care, Roche, Samsung Biologics, Sanofi, Schneider Electric, Serum Institute of India (SII), ServiceNow, Siemens Healthineers, Stryker, Sustainability Accounting Standards Board (SASB), Sustainable Healthcare Coalition, Sustainable Markets Initiative (SMI), Takeda Pharmaceuticals, Teva, Thermo Fisher Scientific, UN, UN Pan American Health Organization (PAHO), UNICEF, US Anesthesia Partners, VelocityEHS, Walmart, Workday, Workiva, World Diabetes Foundation (WDF), World Economic Forum, World Health Organization (WHO)
About the Authors
Jessica Pransky
Principal Analyst
Jessica is a Principal Analyst at Verdantix, specializing in providing insights to sustainability leaders and analysing ESG and sustainability reporting software. She advises …
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Elisa Molero
Industry Analyst
Elisa is an Industry Analyst at Verdantix, specializing in supply chain sustainability. Her research covers 100 vendors in the supply chain sustainability market, supporting b…
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Kim Knickle
Research Director
Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a…
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