Founded in 1888.
This company was awarded the 'Industry Group Leader' in the Health Care Equipment & Services category of the Dow Jones Sustainability Index (DJSI) every year from 2013-2017. The DJSI is based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices.
[Source 2017][More on Sustainability Reporting]
This company pleaded guilty to federal charges that it improperly promoted the drug Depakote to elderly dementia patients in nursing homes. It reached an agreement with the Department of Justice to settle the investigation for $1.5 billion in May 2012. The company faces more lawsuits over the drug, which can cause birth defects.
[Source 2012][More on Irresponsible marketing]
This company is named and shamed in IBFAN's 2014 report, 'Breaking the Rules, Stretching the Rules 2014', a weighty collection of evidence showing non-compliance with the International Code of Marketing of Breastmilk Substitutes and subsequent WHA resolutions. The Report covers 27 companies with 813 violations in 81 countries.
[Source 2014][More on Irresponsible Marketing]
This company received a score of 38.1/100 in the Newsweek Green Rankings 2016, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
[Source 2016][More on Sustainability Reporting]
Independent testing commissioned by Friends of the Earth in 2015 found potentially harmful nanoparticles in popular baby formulas sold throughout the USA, including products by this company. A growing body of scientific research demonstrates that nanoparticles pose threats to human health, raising concerns about their use in food and many other consumer products.
[Source 2015][More on Product Safety]
In 2010, Abbott Laboratories, B. Braun Medical and Roxane Laboratories agreed to pay $421 million to resolve claims they had reported false and inflated prices for their drugs, which again affected federal health care reimbursements. The grossly inflated average wholesale price (AWP) caused Medicare and Medicaid programs to spend more per patient than was necessary, thereby reducing the amount of funding available for all patients in need. The drug manufacturers did not admit fault.
[Source 2010][More on Governance]
This company has products rated RED in the Centre for Food Safety's True Food Shopper's Guide (USA). Products on the RED list contain ingredients that come from the most common GE crops (corn, soy, canola, cotton). Companies with products on this list have confirmed that their products may have or are likely to be made with GE ingredients, or have not denied using GE foods when given the opportunity to do so.
[Source 2013][More on Genetic Engineering]
Named one of Multinational Monitor's '10 Worst Corporations' in 2007. [Listed under information due to age of article]
[Source 2007][More on Human Rights]
As You Sow's 2017 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Miles D. White came in at number 64 on the list, having been paid US$19,401,704 in 2015. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
[Source 2017][More on Finance]
Named one of Multinational Monitor's '10 Worst Corporations' in 2006. [Listed under information due to age of article]
[Source 2006][More on Politics]
This company has sustainability claims on its website.
[Source 2014][More on Sustainability Reporting]
The California Transparency in Supply Chains Act of 2010 (SB 657) requires companies operating in California to disclose their efforts to eradicate slavery and human trafficking from their direct supply chains. KnowTheChain.org has examined this company's disclosure statement and concluded that it addresses the majority of SB 657 requirements. Follow the link to see this company's disclosure statement.
[Source 2013][More on Workers Rights]
As You Sow's 2017 report, Mining the Disclosures, is a deep analysis of 206 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was above 50% (Adequate).
[Source 2017][More on Human Rights]
Green America's Responsible Shopper provides details about the corporate responsibility records of well-known companies. Follow the link to see this company's profile. [Last updated 2009]
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
|Company Structure||Public company|
|Revenue||US$22 billion in 2013|
|# Employees||69,000 in 2013|
|Subsidiaries||Abbott Australasia Pty Ltd|
|Address||Chicago, Illinois, USA|