Sustainability and Corporate Social Responsibility at Labcorp

As we commit to improving health and lives across our global communities, we also seek to take actions that will improve the environment and evolve our operations in increasingly sustainable ways. Human health and environmental health are interconnected—we strive to do our part to improve the planet’s health while we improve health care and the health of our patients.

Our Sustainability Drivers:
• Safety, well-being and comfort of employees, visitors, patients
• Minimize the ecological impacts associated with operations
• Reduce energy use within operations
• Manage waste in the most environmentally preferred manner
• Seek to improve the lifecycle impacts of purchases and assets
• Reduce greenhouse gas (GHG) emissions associated with activities
• Responsibly manage water consumption and lifecycle
• Responsibly select and manage consumable materials

We established the following environmental and sustainability targets to achieve by 2025:
• Increase renewable electricity by 25%
• Reduce regulated medical waste generated by 5%
• Increase waste reclamation rate by 10%
• Reduce water consumption by 10%

Labcorp’s Go Green Teams aim to help our employees support local projects that link back to Labcorp’s broader approach to sustainability.
The Go Green Team’s mission is to:
• Help drive local and global sustainability efforts
• Use those pilot efforts to help grow Labcorp’s sustainability efforts globally
• Educate employees about the impact that lifestyle choices can have on the environment and offer employees easy opportunities to make eco-conscious choices both at work and at home
As an example, the UK Go Green Team, which includes more than 30 members, successfully implemented a polystyrene recycling program. The installation of polystyrene recycling equipment at Labcorp’s Harrogate site resulted in more efficient handling and processing of polystyrene waste. Previously, polystyrene waste was collected twice per week, with each collection requiring approximately 40 miles round trip. With the new recycling equipment, the polystyrene waste is now compressed into small briquettes that weigh about four kilograms each.
The briquettes are collected every four to six months and are recycled to be used in the construction industry. Since its implementation, the equipment has paid for itself and has helped reduce our CO2 emissions.
Looking ahead, we plan to establish additional Go Green Teams at Labcorp sites around the globe.

Environmental Sustainability

Labcorp is also committed to social and environmental issues. Our commitment to these issues stems from our belief
that the measure of a company is not just how well it does, but how it goes about its business, how its people and
customers feel about it, and the mark it leaves on society. We believe that investments in our people and our
communities are another manifestation of our fundamental mission of improving health and improving lives.

Community Impact and Philanthropy

Labcorp strives to be a good corporate citizen and a positive force in people’s lives, especially in the communities where our employees live and work. The company has a long history of providing financial assistance to non-profit organizations. Our employees also actively support their local communities by hosting collection campaigns, volunteering with local non-profits to help those less fortunate, and participating in walks, rides, runs, and virtual events to raise funds to support life-saving research and in finding cures for disease. This culture of giving has not only allowed Labcorp to become partners with the communities we serve, but it creates a more rewarding place to work.

In 2020, the Company established The Labcorp Charitable Foundation, a private charitable 501(c)3 organization. Since its inception, the Foundation has played an important role in advancing Labcorp’s support in the areas of health and welfare, education and community, with a specific focus on underserved populations. Labcorp, our employees and The Labcorp Charitable Foundation work collaboratively on initiatives to address financial disparities and food insecurities, and support science, technology, engineering, and math (STEM) education in underserved communities.
As we continue to grow the impact of The Labcorp Charitable Foundation, we are committed to working across Labcorp and with employees around the world to expand our global reach in addressing the needs and disparities of the most vulnerable populations.