PerkinElmer Releases Annual Corporate Social Responsibility Report
WALTHAM, Mass. – August 7, 2012 – PerkinElmer, Inc. (NYSE: PKI), a global leader focused on improving the health and safety of people and the environment, today announced the publication of its 2011 Corporate Social Responsibility (CSR) Report. The report details the Company’s progress against its global sustainability goals set in 2010 for environmental health and safety (EHS), community activities and product stewardship.
“In the past year, we’ve made strong progress in our corporate social responsibility focus areas related to our mission to improve human and environmental health,” said Robert F. Friel, chairman and chief executive officer, PerkinElmer. “Moving ahead, on a worldwide basis, we will continue to implement operational excellence to improve PerkinElmer’s environmental profile, incorporate sustainability principles into our product innovation, and increase employee engagement in the communities in which we live and work in.”
New and ongoing milestones in PerkinElmer’s three strategic pillars of its CSR program noted in the 2011 report include:
- In 2010, PerkinElmer announced its commitment to reducing Scope 1 and 2 global greenhouse gas emissions by 10 percent by 2013, compared to a 2009 baseline. The Company exceeded this goal two years early, with an 11% greenhouse emissions reduction reported in 2011.
- Overall Company water use declined in 2011 as a result of decreases at several sites, particularly the Santa Clara wafer manufacturing facility, which saw an overall 7% decline in water use. The addition of pH- and conductivity-monitoring controls for fume scrubber water at the facility helped reduce consumption by over 5,000 cubic meters that year.
- Company carbon emissions associated with fuels decreased by 45%, due to improved control of building HVAC (heating, ventilation, air conditioning) systems; reduced fuel use in PerkinElmer fleet vehicles; and installation of high efficiency natural gas boilers at two large facilities to replace older gas and oil fired equipment. PerkinElmer continues to opt for more fuel- and carbon-efficient choices when replacing facility equipment on an ongoing basis.
Community Engagement Highlights
- In March 2011, PerkinElmer launched the Japan Disaster Relief effort in response to the earthquake, tsunami and nuclear contamination crisis faced by the country. Partnering closely with PerkinElmer Japan teams, leading Japanese universities and government organizations, the Company was able to deploy equipment and expertise to help determine and map the extent of radioactive contamination, as well as measuring risks to food and water supplies shortly after the disaster.
- The 2011 inauguration of the “For the Better Days” community volunteering program, resulted in 12% of the company’s employees worldwide participating in 39 events, contributing over 5,000 volunteer-hours to activities such as environmental cleanup or humanitarian assistance.
- PerkinElmer employees successfully completed the Cambodia Clean Water Project, in partnership with Journeys Within Our Communities, (JWOC), providing funds, equipment and expertise for digging and repairing wells for 1,000 villagers in Siem Reap province.
Product Stewardship Highlights
- PerkinElmer continues to embed product stewardship principles into the life cycle of instruments and other offerings, with special emphasis on periodic product reviews, building supply chain awareness, environmentally responsible packaging and distribution, and equipment for parts reuse and recycling.
- The Spectrum Two™ FT-IR platform, designed to reduce environmental impact, won the 2011 Silver Instrument Business Outlook (IBO) Design Award for analytical instruments. The system features a compact footprint, and contains 75% recyclable parts by weight.
- The recently released Optima 8X00 ICP-OES instrument series utilizes a “PlasmaCam” inside the system that allows service technicians to diagnose customer concerns remotely without traveling to the site, reducing the services environmental footprint of the device.
- PerkinElmer also introduced expanded electronic download availability of instrument manuals, minimizing the need for printed documentation or CDs to be created and shipped.
The 2011 CSR Report was prepared using elements of the Global Reporting Initiative G3 Guidelines and represents a balanced and accurate presentation of PerkinElmer’s economic, environmental and societal performance.
Factors Affecting Future Performance
This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to estimates and projections of future earnings per share, cash flow and revenue growth and other financial results, developments relating to our customers and end-markets, and plans concerning business development opportunities and divestitures. Words such as "believes," "intends," "anticipates," "plans," "expects," "projects," "forecasts," "will" and similar expressions, and references to guidance, are intended to identify forward-looking statements. Such statements are based on management's current assumptions and expectations and no assurances can be given that our assumptions or expectations will prove to be correct. A number of important risk factors could cause actual results to differ materially from the results described, implied or projected in any forward-looking statements. These factors include, without limitation: (1) markets into which we sell our products declining or not growing as anticipated; (2) fluctuations in the global economic and political environments; (3) our failure to introduce new products in a timely manner; (4) our ability to execute acquisitions and license technologies, or to successfully integrate acquired businesses and licensed technologies into our existing business or to make them profitable, or successfully divest businesses; (5) our failure to adequately protect our intellectual property; (6) the loss of any of our licenses or licensed rights; (7) our ability to compete effectively; (8) fluctuation in our quarterly operating results and our ability to adjust our operations to address unexpected changes; (9) significant disruption in third-party package delivery and import/export services or significant increases in prices for those services; (10) disruptions in the supply of raw materials and supplies; (11) the manufacture and sale of products exposing us to product liability claims; (12) our failure to maintain compliance with applicable government regulations; (13) regulatory changes; (14) our failure to comply with healthcare industry regulations; (15) economic, political and other risks associated with foreign operations; (16) our ability to retain key personnel; (17) significant disruption in our information technology systems; (18) our ability to obtain future financing; (19) restrictions in our credit agreements; (20) our ability to realize the full value of our intangible assets; (21) significant fluctuations in our stock price; (22) reduction or elimination of dividends on our common stock; and (23) other factors which we describe under the caption "Risk Factors" in our most recent quarterly report on Form 10-Q and in our other filings with the Securities and Exchange Commission. We disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
About PerkinElmer, Inc.
PerkinElmer, Inc. is a global leader focused on improving the health and safety of people and the environment. The Company reported revenue of approximately $1.9 billion in 2011, has about 7,000 employees serving customers in more than 150 countries, and is a component of the S&P 500 Index. Additional information is available through 1-877-PKI-NYSE, or at www.perkinelmer.com.
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Corporate Public Relations Specialist
Phone: (781) 663-5782
Amanda Lazaro Connolly
Edelman (On behalf of PerkinElmer, Inc.)
Phone: (404) 832-6785