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For the second yr in a row, California-based Agilent Technologies, a pacesetter in diagnostics and utilized chemical markets, is ranked as certainly one of Barron’s most sustainable companies. Agilent is certainly one of seven well being care firms to make the fourth annual record of 100 firms compiled by the publication.
For the 2021 rating, Agilent got here in second place, behind shopper electronics large Finest Purchase. In 2020, Agilent held the highest spot on essentially the most sustainable record. 2021 marks the third yr in a row Agilent has been ranked within the prime three “Most Sustainable Firms in America” by Barron’s.
“We’re very happy to once more be named certainly one of America’s Most Sustainable Firms,” Neil Rees, Agilent vice chairman of Office Companies mentioned in a statement. “We’ve got been the chief in our business all 4 years the Barron’s record has been printed and we’re very happy with our document. Sustainability has lengthy been a key precedence at Agilent.”
The opposite well being care firms included in Barron’s record are Merck, which ranked 50th; Edwards Life Sciences, which holds the 54th place; West Prescribed drugs, which got here in at quantity 57; Amicus Therapeutics, which ranked 77th; Agios Pharmaceuticals, which holds the 88th place; and Amgen, at quantity 100. Amgen, Merck, Agios and Amicus weren’t included within the 2020 lists. Final yr, West Prescribed drugs was ranked 54th and Edwards held the 93rd place.
The steadiness of an organization is a key standards for job seekers, which a latest BioSpace survey confirmed. One of many questions posed within the BioSpace analysis sought solutions to how job seekers really feel about on the lookout for work throughout a world pandemic. The highest concern raised by 37% of these polled was a priority about firm stability.
The highest 100 record, compiled by Calvert Analysis & Administration, ranked firms by how they carried out for 5 key constituencies: shareholders, staff, clients, neighborhood and the planet, Barron’s mentioned.
The concept of sustainability has a number of meanings. For the Barron’s rating, it consists of various completely different metrics, together with environmental, social and company governance, which measures “how an organization’s managers make choices and plan for the longer term in areas past profitability.” Barron’s famous that its record appears past an organization’s return for shareholders and focuses on stakeholders, influence past revenue statements. Stakeholders in an organization embody staff, clients, the neighborhood wherein they function and the surroundings.
As Barron’s mentioned, the rankings embody efforts from these firms to “mitigate their influence on the surroundings, in addition to bolstering worker welfare, neighborhood well being, and buyer satisfaction.”
For Agilent, one of many key components it continues to attain so excessive on the Barron’s record was its response to the COVID-19 pandemic. Not a lot within the method of diagnostics or the way it used 3-D know-how to make face shields, protecting masks and hand sanitizer for well being care staff, however in the way it handled its personal staff throughout a time of uncertainty. Agilent assured jobs and guarded base pay throughout the pandemic, the publication mentioned. Moreover, Agilent elevated its use of photo voltaic vitality in 2020.
Mike McMullen, Agilent’s chief government officer, mentioned a give attention to sustainability is necessary to the corporate and is just good enterprise. Along with an elevated use of solar energy, Agilent additionally offered devices that use much less energy and chemical solvents, and shrinking packaging, Barron’s mentioned. On account of that focus, throughout 2020, Agilent’s market share elevated, as did its profitability.
“Various our largest clients need to hear straight about what we’re doing in sustainability and asking us to assist them,” McMullen advised Barron’s.
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