- Zoetis Foundation commits $35 million over 5 years to advance
opportunities for veterinarians and farmers
- Donated over $6 million in community support during 2020 with
nearly 10% of that supporting COVID-19 relief efforts
- On track to 100% renewable energy and RE100 commitment with
8.8% renewable electricity sourced
Zoetis today published its 2020 Sustainability Report “Our
Journey Toward a Better World” describing its commitment to
continued disclosure on environmental, social and governance (ESG)
topics and progress toward the company’s Driven to Care long-term
sustainability aspirations. The report highlights the company’s
journey to champion a healthier, more sustainable future through
specific commitments to Communities, Animals and the Planet; these
commitments build on Zoetis’ purpose and help achieve the United
Nations’ Sustainable Development Goals (SDGs). Complementing the
report is a comprehensive ESG Appendix, an update from the
company’s baseline disclosure published in November 2020, which
shares key ESG performance indicators, including those set out by
the Sustainability Accounting Standards Board (SASB) for the
biotechnology and pharmaceuticals industry.
Building on its history of supporting the people who care for
animals, Zoetis is proud to commit $35 million over five years
through the newly established Zoetis Foundation. The signature work
of the Foundation will advance opportunities for veterinarians and
farmers, with grantmaking focused on enabling thriving professions
and livelihoods. Initially, the Foundation will focus on
scholarships and diversity initiatives to help drive a more
inclusive veterinary community in the U.S. In 2022, the
Foundation’s work will expand to support veterinary debt relief,
additional diversity, equity and inclusion programming, and mental
wellness for farmers and veterinarians in the U.S., as well as
support farmer and veterinary livelihoods in Africa, Australia,
Brazil, China and Europe.
“Zoetis has a long history of addressing important challenges
faced by veterinarians and farmers. Our new charitable foundation
represents the next chapter in extending and driving forward these
commitments,” said Jeannette Ferran Astorga, Head of Sustainability
at Zoetis and President of the Zoetis Foundation. “Specifically,
the Zoetis Foundation will look for opportunities to address lack
of diversity in both professions, the need for resources that
support emotional well-being, financial burdens such as veterinary
student loans, and lack of access to a higher standard of animal
care in underserved areas.”
Caring for Communities and Colleagues
In 2020, Zoetis donated over $6 million to support animals and
the people who care for them, with 9.6% of all community
investments supporting COVID-19 relief efforts across the globe. As
progress toward its goal to provide at least $1 million in
scholarships to veterinary students annually, in 2020 the company
provided over $934,000 in scholarships to support over 400
students. In the U.S., 34% of students supported by the Zoetis and
Association of American Veterinary Medical Colleges Veterinary
Student Scholarship Program were diverse. Zoetis also provided over
$1.83 million through charitable programs and in-kind donations to
care for animals impacted by disasters around the world.
“The events of the past year reaffirmed our purpose to nurture
the world and humankind by advancing care for animals, and
strengthened our resolve to champion a healthier, more sustainable
future for people, animals, and the planet we share,” said Kristin
Peck, Chief Executive Officer of Zoetis. “The world depends on
animals for nutrition, comfort and companionship, and the people
who care for them play essential roles in that dynamic. That was
amplified by the COVID-19 pandemic. I’m incredibly proud of our
colleagues who went above and beyond to safely and effectively
connect with customers, keep our business operations running
smoothly, and make a difference in their local communities to
support the health of animals and people who care for them.”
Supporting colleagues and their health, well-being and safety
was the company’s top priority in navigating the COVID-19 pandemic.
Approximately 70% of Zoetis’ colleagues moved to remote working
arrangements, while strict health and safety protocols were
implemented at the company’s essential sites. In response to a
survey, 85% of colleagues reported being satisfied with the
company’s communication, actions and focus on well-being, and 94%
of colleagues felt they were able to effectively perform their
roles amidst the pandemic. In addition, Zoetis reported progress
toward its aspiration to support colleagues and cultivate a safe,
flexible, diverse and inclusive workplace, including specific
improvements in the diverse representation of our workforce in the
U.S. The report also highlights success as a leader for workplace
inclusion by achieving a 100% score on the Human Rights Campaign’s
Corporate Equality Index. To further support colleagues, Zoetis
expanded its Colleague Resource Groups (CRGs) to bring together
colleagues who share similar backgrounds and experiences or
interests and can help work toward the company’s diversity, equity
and inclusion aspirations.
Innovating for Animal Health
Based on the belief that healthier animals help make a healthier
future for all, Zoetis is committing its innovation expertise to
solve sustainability challenges facing animals and people. One of
the company’s sustainability targets is continued investment in its
Center for Transboundary and Emerging Diseases (CTED). Through the
CTED’s inter-connected capabilities, Zoetis will continue to combat
diseases that pose the greatest risk to animals and people and
develop vaccines for high impact emerging infectious diseases
including Foot and Mouth Disease, African Swine Fever and
COVID-19.
More than ever before, SARS-CoV-2 (the virus that causes
COVID-19 in people) put a spotlight on the important connection
between animal health and human health. When concerns first
surfaced in February 2020 about SARS-CoV-2 in domestic animals,
Zoetis initiated development activities for diagnostic tests and a
vaccine that could be used in animals. Building on the company’s
experience with other coronavirus vaccines for animals, Zoetis
completed initial studies in eight months, and the resulting
vaccine has been used experimentally to help care for zoo animals
at risk of being infected with SARS-CoV-2. Zoetis also developed
and validated feline and canine-specific real-time Polymerase Chain
Reaction (PCR) diagnostic tests for SARS-CoV-2.
Additionally, to provide products that support livestock
farmers’ and veterinarians’ environmental, social and animal
welfare goals, Zoetis is innovating across the continuum of care to
predict, prevent, detect and treat health conditions. Promoting a
preventive approach to animal health – and helping to reduce the
need to use antibiotics to treat disease – is one way the company
is innovating, including new vaccines introduced in 2020 for
salmonids and poultry. Alpha ERM Salar and Poulvac® E. coli both
are having a direct impact on reducing antibiotics used in raising
fish and poultry.
Protecting the Planet
To minimize the carbon footprint and improve environmental
sustainability of the company’s locations, Zoetis reported it is
sourcing 8.8% renewable electricity and progressing toward its
RE100 commitment to source 100% renewable energy by 2050.
Additionally, eight of the company’s international manufacturing
sites are operating with 100% renewable electricity. To help meet
its second goal to reduce energy intensity in manufacturing and
research and development (R&D) by 5% by 2025, the company also
shared progress of 2.2% reduction while at the same time increasing
its production.
Zoetis is also committed to using resources wisely, including
reducing its energy use and associated greenhouse gas emissions.
The company reported reduction of energy intensity in manufacturing
and R&D by 2.2% through investments in energy efficiency
upgrades to manufacturing equipment, utilities including cooling
towers, chillers and boilers, and LED lighting. Further, Zoetis
reported progress to minimize its impact on the environment by
reducing its generation of solid non-hazardous and hazardous waste
by increased focus on recycling.
In rethinking product packaging to reduce the company’s
environmental footprint, in 2020 Zoetis formed the Packaging
Council to integrate sustainability considerations into all new
packaging designs. The council is a cross-functional group that
develops resources and considers recyclability, use of recycled and
sustainable materials, and greenhouse gas emissions along with
cost, time to market and customer experience.
Zoetis will continue to share updates on its sustainability
activities, including progress against its Driven to Care goals,
and report annually.
About Zoetis
As the world’s leading animal health company, Zoetis is driven
by a singular purpose: to nurture our world and humankind by
advancing care for animals. After nearly 70 years innovating ways
to predict, prevent, detect, and treat animal illness, Zoetis
continues to stand by those raising and caring for animals
worldwide - from livestock farmers to veterinarians and pet owners.
The company’s leading portfolio and pipeline of medicines,
vaccines, diagnostics, and technologies make a difference in over
100 countries. In 2020, Zoetis generated revenue of $6.7 billion
with ~11,300 employees. For more information, visit
www.zoetis.com.
DISCLOSURE NOTICES
Forward-Looking Statements: This press release contains
forward-looking statements, which reflect the current views of
Zoetis with respect to: business plans or prospects, ESG
commitments, goals and aspirations, the plans and future work of
the Zoetis Foundation, and other future events. These statements
are not guarantees of future performance or actions.
Forward-looking statements are subject to risks and uncertainties.
If one or more of these risks or uncertainties materialize, or if
management's underlying assumptions prove to be incorrect, actual
results may differ materially from those contemplated by a
forward-looking statement. Forward-looking statements speak only as
of the date on which they are made. Zoetis expressly disclaims any
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.
A further list and description of risks, uncertainties and other
matters can be found in our Annual Report on Form 10-K for the
fiscal year ended December 31, 2020, including in the sections
thereof captioned “Forward-Looking Statements and Factors That May
Affect Future Results” and “Item 1A. Risk Factors,” in our
Quarterly Reports on Form 10-Q and in our Current Reports on Form
8-K. These filings and subsequent filings are available online at
www.sec.gov, www.zoetis.com, or on request from Zoetis.
All trademarks are the property of Zoetis Services LLC or a
related company or a licensor unless otherwise noted.
© 2021 Zoetis Services LLC. All rights reserved.
ZTS-COR ZTS-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20210603005192/en/
Media Contacts: Christina Lood
1-973-822-7249 (o) christina.lood@zoetis.com
Bill Price 1-973-443-2742 (o) william.price@zoetis.com
Investor Contacts: Steve Frank
1-973-822-7141 (o) steve.frank@zoetis.com
Keith Gaub 1-973-822-7154 (o) keith.gaub@zoetis.com
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