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Corporate Responsibility Report
Creating a Healthier World
As a global leader of innovative and comprehensive laboratory services, we take our corporate responsibility efforts seriously. Every year, our cross-functional team collates our data and initiatives into a formal report.
Our Responsibilities
Our Company
The cornerstone of our governance philosophy is our highly qualified Board of Directors, who balance their skills, experiences, diversity and expertise to provide strong and broad oversight.
Our People
Every person at Labcorp plays a critical role in delivering on our mission to improve health and lives across the globe. Together, we drive healthcare forward while cultivating a healthy, productive and respectful work environment.
Our Operations
Human health and environmental health are interconnected—we strive to do our part to improve the health of the communities we serve as we enhance healthcare and the well-being of our patients.
Our Community
We are proud to serve individuals beyond the scope of a healthcare setting, and our ability to leverage our operations for good in our communities remains a top focus.
Our Metrics
All data below is from Jan. 1, 2023 through Dec. 31, 2023
160M+
global patient interactions
60%
of all global management are women
130+
new tests launched
~100
countries served globally
Our Environmental, Social and Governance (ESC) Executive Steering Committee impacts company-wide strategic initiatives and decision-making.
Our cross-functional, executive-level committee tracks dozens of ESG initiatives and metrics across the company, providing strategic recommendations for enterprise efforts to leadership. We challenge ourselves to improve targets and goals every year.
We use standardized data frameworks to benchmark and then challenge ourselves.
We report annual KPIs into the EcoVadis and CDP frameworks, and we’ve aligned our ESG principles and criteria to industry metric standards, such as:
- The Global Reporting Initiative
- The Sustainability Accounting Standards Board
- The Task Force on Climate-Related FINANCIAL Disclosures
Every year, we set new targets based on these benchmarks.
UK Gender Pay Report
We are committed to an inclusive and inspiring environment where benefits-related rewards, including pay, are based on an individual’s performance, skills and qualifications.
United Nations Global Compact (UNGC) Participation
Labcorp is proud to be a participant in the UNGC, committing to responsible business practices in the areas of human rights, labor, environment and anti-corruption. Launched in 2000, the UNGC is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,800 non-business signatories based in over 160 countries, and more than 69 local networks.
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