Several medtech, healthcare and life sciences companies, including big names like Abbott (NYSE:ABT), 3M (NYSE:MMM) and Baxter (NYSE:BAX), are among the 500 “most responsible,” according to Newsweek.
The outlet published its “America’s Most Responsible Companies 2022” list, marking the third installment of the compilation (in partnership with Statista), this time expanded to include 500 of the largest public corporations around. Companies were judged with an overall score out of 100 that combined environmental, social and corporate governance performance assessments.
Baxter, 3M, Abbott and BD (NYSE:BDX) were among the highest-ranking big-name medical device makers. Cancer diagnostic company Illumina was the highest-ranking company under the healthcare and life sciences umbrella, sitting in second behind HP.
In sixth sat Baxter, registering an overall score of 89.5 points, with its highest performance coming in environmental impact (95.3), followed by its social score (91.3) and corporate governance (82.2).
3M followed in 24th, registering an overall score of 87.7 (89.5, 93.4, 80.2). Abbott finished in 51st at 85.1 points overall (92.3, 83.2, 79.8), followed by BD in 56th at 84.4 points (94.4, 78.6, 86.4).
Pharmaceutical companies were among some of the highest finishers, including Gilead (6th), Merck (9th), Biogen (11th), Amerisource Bergen (41st) and Pfizer (47th).
Other medtech companies in the top 500 most responsible companies as laid out by Newsweek were Cardinal Health (81st), Varex Imaging (175th), Hillrom (235th), Edwards Lifesciences (278th), Henry Schein (331st), LabCorp (353rd), Varian Medical Systems (356th), Boston Scientific (357th), Insulet (361st), Quest Diagnostics (395th), Avanos Medical (400th), ResMed (409th), Hologic (428th), Thermo Fisher Scientific (462nd), Cantel Medical (478th).