Month: May 2025

• The Company achieved a 29% reduction in absolute scope 1 and 2 greenhouse gas emissions from 2019 levels, surpassing its target of 25% by 2025, ahead of schedule
• Teva launched two new programs to help people around the world access the medicines they need, for a total of nine programs, surpassing its target of eight programs by 2025
• More than 99% of Teva employees were trained on compliance and ethics, and more than 40% of its significant suppliers were evaluated for sustainability performance
• Teva received improved scores for sustainability progress from rating organizations, including its highest score to date from EcoVadis
• Teva’s generic medicines contributed to $39.7 billion in savings for healthcare systems across 22 countries

TEL AVIV, Israel, May 13, 2025 /3BL/ – Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) published its 2024 Healthy Future Report, sharing actions to advance its sustainability strategy. Teva achieved or surpassed many of its targets, some ahead of schedule. This includes targets tied to sustainable finance instruments, which directly connect its progress in increasing access to medicines and minimizing environmental impact to the Company’s financial success. Healthy Future is focused on topics most relevant to Teva’s business, supporting the Company in advancing its purpose—we are all in for better health—and enhancing its resilience.

Healthy People
Teva launched two new access to medicines programs—one in El Salvador and a global emergency stockpile—for a total of nine, surpassing its target of eight programs by 2025. Through these nine programs, Teva donated ~18 million doses of medicine, worth $23 million, and provided 2.2 million doses at low cost, reaching 187,000 patients. Five programs also focus on health systems strengthening and capacity building and benefitted ~56,000 individuals.

Healthy Planet
Teva achieved a 29% reduction in absolute scope 1 and 2 greenhouse gas (GHG) emissions from 2019 levels, surpassing its target of 25% by 2025 ahead of schedule. Additionally, 73% of applicable Teva sites achieved safe discharge levels of antibiotics, minimizing environmental pollution and supporting public health. Through a new antimicrobial resistance capacity-building pilot program in Germany, the Company educated more than 65,000 healthcare professionals, leading to approximately 389,000 patient interactions about appropriate use of antibiotics.

Healthy Business
Operating with integrity helps Teva mitigate risk and build trust with its stakeholders. More than 99% of employees were retrained on compliance and ethics and Teva’s Code of Conduct, achieving its annual target and reinforcing a culture of accountability and ethical decision-making. 41% of significant suppliers were evaluated for sustainability performance, and 100% of high-risk third-party business partners were evaluated through Teva’s Third-Party Due Diligence tool, ensuring responsible sourcing practices and reducing risks across its supply chain.

“Healthy Future is closely connected to our Pivot to Growth strategy, designed to support long-term growth and resilience” said Richard Francis, Teva’s President and CEO. “Our 2024 Healthy Future report shares how we’re advancing the topics most closely tied to our business, strengthening our company while continuing to better health worldwide—to create the future we want to see.”

Teva received improved scores from rating organizations such as Sustainalytics, MSCI and EcoVadis, as well as awards and recognition for its programs and progress.

To learn more, read the full 2024 Healthy Future Report.
Read the full 2024 Healthy Future Report Disclosures. 

About Teva
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is a different kind of global biopharmaceutical leader, one that operates across the full spectrum of innovation to reliably deliver medicines to patients worldwide. For over 120 years, Teva’s commitment to bettering health has never wavered. Today, the company’s global network of capabilities enables its 37,000 employees across 57 markets to advance health by developing medicines for the future while championing the production of generics and biologics. We are dedicated to addressing patients’ needs, now and in the future. Moving forward together with science that treats, inspired by the people we serve. To learn more about how Teva is all in for better health, visit www.tevapharm.com.

Cautionary Note Regarding Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management’s current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements. These forward-looking statements include statements concerning our plans, strategies, objectives, future performance and financial and operating targets, and any other information that is not historical information. Important factors that could cause or contribute to such differences include risks relating to: our ability to impact and effectively execute on our sustainability, social, economic, environment and governance related strategies and goals; environmental risks; failure to comply with applicable environmental laws, health and safety laws and regulations worldwide; our ability to select sustainability-related disclosure frameworks that seek to align with various reporting standards which may change from time to time; our ability to collect, measure and report sustainability information and metrics, which is subject to evolving reporting standards; our ability to satisfy the targets set forth in our sustainability-linked senior notes, our sustainability-linked revolving credit facility and in other sustainability-linked financing instruments that we may issue; the impact of sustainability issues and other environmental risks on our business; and consequences of climate change; our ability to successfully compete in the marketplace, including: that we are substantially dependent on our generic products; our ability to successfully execute our Pivot to Growth strategy, including to expand our innovative and biosimilar medicines pipeline and profitably commercialize the innovative medicines and biosimilar portfolio, whether organically or through business development, to sustain and focus our portfolio of generics medicines, and to execute on our organizational transformation and to achieve expected cost savings; our significant indebtedness; compliance, regulatory and litigation matters, including: failure to comply with complex legal and regulatory environments; other financial and economic risks; and other factors discussed in our Quarterly Report on Form 10-Q for the first quarter of 2025 and in our Annual Report on Form 10-K for the year ended December 31, 2024, including in the sections captioned “Risk Factors” and “Forward Looking Statements.” Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements.

Teva Media Inquiries
healthyfuture@tevapharm.com

CNH brand, New Holland, presented the complete renewal of its line of CR harvesters at the 30^th edition of Agrishow in Ribeirão Preto, Brazil.

The brand also showcased its automation based on artificial intelligence technology, in addition to making the CR11 – the world’s largest twin-rotor harvester – commercially available in Brazil.

CR Line

Included connectivity is standard on the CR range, ensuring that the machines support all connectivity features. Customers will be able to transfer data, use remote support, process agronomic data, and connect to FieldOps, New Holland’s farm management application, at no recurring cost.

FieldOps is a standout feature of its harvesters. The double rotor provides a better separation between pod and grain, avoiding straw accumulation, which ensures better grain quality, less mechanical damage and less dirt in the grain tank.

In addition, it allows a better use of the cleaning system with the uniform distribution of the material over the tray area and sieves, reducing losses. It also ensures better straw quality and greater threshing speed, increasing harvesting productivity, among other benefits.

CR11

Unveiled at Agritechnica 2023, the CR11 is the next generation of New Holland’s flagship line of harvesters.

It is the largest twin-rotor harvester ever manufactured and has been redesigned to provide higher productivity, with minimal grain loss, better waste management and greater automation. These resources aim to reduce the total cost of harvesting grain.

The machine also has the new TwinClean system, which incorporates several solutions to increase cleaning capacity and minimize losses. There are two sieve systems in sequence, each with top and bottom sieve and clean grain auger, based on a larger step grain tray up to the first top sieve.The high-power fan ensures efficient airflow.

In recognition for its impactful product donation program with Good360, Bath & Body Works recently earned a Top Project of the Year award from the Environment + Energy Leader Product and Project Awards. This award recognizes projects making meaningful contributions to a more sustainable and responsible business landscape.

For over a decade, the E+E Leader Product & Project Awards have recognized excellence in products, services, and corporate initiatives that drive energy and environmental improvements. A panel of executive-level judges from more than 20 leading organizations across various industries evaluated the award entries.

This year’s judges selected Bath & Body Works for successfully diverting nearly half a million pounds of product from landfills while positively affecting the environment and communities. They also noted how the brand demonstrated how businesses can drive sustainable change through thoughtful, employee-driven solutions.

In 2023, Bath & Body Works partnered with Good360, an organization that connects communities in crisis with essential goods and helps companies responsibly redistribute excess inventory. The two launched a pilot donation program that took unsold items marked-out-of-stock from Bath & Body Works stores and donated them to communities in need.

Last year, Bath & Body works donated 1.3 million+ personal care and home fragrance items to Good360 for shelters, food banks and disaster recovery.

“This recognition is not just a celebration of our progress on our environmental impact; it’s also an example of the good that can happen when we work together to shape a resilient and responsible future,” says Jeff King, Group Vice President, Head of ESG at Bath & Body Works. “We’re incredibly proud of all the good work we’ve been able to achieve through this partnership. None of this would’ve been possible without the cross-collaboration between our associates and our partners at Good360.”

Bath & Body Works remains committed to sustainability and protecting the planet that provides resources used to make fragrances and products. It was also recently recognized by USA Today and Statista as one of America’s Climate Leaders in 2025.

Read more about Bath & Body Works’ philanthropic and sustainability efforts at bbwinc.com.

About the E+E Leader Product & Project Awards

For over a decade, the E+E Leader Product & Project Awards have recognized excellence in products, services, and corporate initiatives that drive energy and environmental improvements. Entries are evaluated using a rigorous five-point rating system by an independent panel of executive-level judges from leading organizations across various industries. To see this year’s winners and learn more about our judges, visit eeleaderawards.com.

Covia is pleased to announce that it has been recognized as one of the finalists for the 2025 Tandem Global Award for its Reptiles and Amphibians Project. Tandem’s program encourages organizations to focus on projects that create, enhance, manage, or restore habitats benefiting reptiles and amphibians. Projects may also focus on using reptiles and amphibians and their habitats for conservation education.

For over six years, Covia’s Nepheline Syenite Operation (NSO) in Ontario, Canada, has collaborated with the Ontario Ministry of Natural Resources and Forestry and the Ministry of Environment, Conservation and Parks to safeguard local turtle populations, including threatened species inhabiting nearby wetlands. During the annual turtle nesting season, Covia team members actively seek turtles and nesting sites. The eggs are collected and incubated at NSO site, where they are monitored and cared for until they hatch and can be released into the wild. Last year, the team released 42 painted and snapping turtle hatchlings back into the environment and a total of 912 hatchings have been released over the last six years. Additionally, Covia recently partnered with the Ontario Turtle Conservation Centre to support the expansion of its efforts to treat and rehabilitate injured turtles, which are then released. This is another way the company is dedicated to protecting and conserving Ontario’s native turtles and their habitats.

Congratulations to all the finalists of the 2025 Tandem Global Awards! Your work is truly inspiring, and Covia looks forward to learning from each of you at the upcoming Tandem Global Conference in June.

Learn more information on Covia’s commitment to biodiversity here.

Complimentary Webinar:

CDP Disclosures – Planning Tips for Successful Reporting in 2025

Thursday, May 22, 2025, 9AM PST

Register Here

As the 2025 CDP reporting season approaches, ensuring your organization is well-prepared is crucial for a successful disclosure. Join SCS Consulting Services‘ upcoming webinar, ” CDP Disclosures – Planning Tips for Successful Reporting in 2025,” where our experts will provide actionable insights to help you navigate the latest changes and optimize your reporting strategy. This session is designed to equip sustainability professionals with the knowledge needed to enhance their CDP performance in the 2025 reporting cycle and beyond.

Key topics to be covered:

• Understanding the 2025 CDP Questionnaire Updates: Gain insights into the significant changes introduced into an integrated questionnaire format and their implications for your organization.
• Strategies for Enhancing Disclosure Quality: Learn practical steps to improve the comprehensiveness and accuracy of your responses.
• Aligning with Emerging Sustainability Standards: Explore how to synchronize your CDP reporting with frameworks like ISSB S2 Climate Standard.
• How to Improve Performance Outcomes: Improve your score by understanding how the new scoring guidelines work and the common pitfalls that keep companies ‘stuck’ with lower scores.

Don’t miss this opportunity to gain expert guidance and position your organization for CDP success in 2025. Register Here

ATLANTA, May 13, 2025 /3BL/ – In 2023, Georgia-Pacific donated $75,000, along with various Georgia-Pacific building products such as ToughRock™ and DensGlass™ to Atlanta’s Oakland Cemetery’s Living History Capital Campaign. The campaign supported building The Oakland Cemetery Visitor Center, which officially opened in April 2025. The opening of the center marked the completion of a project that initially kicked off in 2007.

Oakland Cemetery is Atlanta’s original cemetery and its oldest public green space. The center will greet the 125,000 visitors that come to the cemetery each year and create an ongoing source of research and revenue for the space to ensure its protection and upkeep for years to come.

Georgia-Pacific is committed to creating stronger communities. We invest in programs that provide affordable housing, youth enrichment, education and job training opportunities that help people thrive and contribute to society. We also invest in arts and culture programs that celebrate the history of the areas where we operate, and our employees work and live.

An active supporter of the Historic Oakland Foundation for years, Georgia-Pacific has also worked to help restore the Historic African American Burial Grounds and the Bell Tower.

Learn more about Georgia-Pacific’s social stewardship.

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Given the changing dynamics in the global energy market, how businesses access and consume energy can be complicated. Geopolitical conditions, regulatory pressures, and market demand can create scenarios that can affect business operating costs and stability.

One option that many businesses are evaluating is the adoption of renewable energy sources, with potential benefits ranging from brand enhancement to cost resilience. While renewables may not be the right fit for every organization, understanding the available incentives and market drivers can help inform strategic energy decisions.

To better understand today’s energy landscape, it’s helpful to explore how renewable energy incentives have developed over time, and what they might offer businesses evaluating their energy strategies.

This blog provides an overview of key financial opportunities and operational considerations, including tax breaks, long-term cost savings, and potential brand positioning benefits, to support informed decision-making about renewable energy investments.

Understanding Renewable Energy Incentives and Their Evolution 

The global push towards renewable energy has prompted governments worldwide to introduce incentives that support businesses in adopting sustainable energy sources. Tax credits, grants, and rebates have become instrumental in making renewable energy more accessible and financially feasible for organizations of all sizes.

The origins of incentive programs 

The groundwork for renewable energy incentives began in the 1970s, as the oil crisis steered the conversation toward the need for energy alternatives. The 1978 Energy Tax Act in the U.S. was a foundational policy that introduced tax credits for solar and wind investments. Meanwhile, in Europe, countries like Germany and Denmark launched Feed-in Tariff (FIT) programs in the 1990s, offering businesses fixed payments for renewable energy production. These FIT programs provided a reliable revenue stream, encouraging companies to invest in solar and wind technologies by guaranteeing consistent returns.

These early initiatives helped build the foundation for the renewable energy market by making adoption more financially attractive, sparking a ripple effect of innovation and further investment worldwide.

How incentives have evolved over time 

As global awareness of climate change has grown, renewable energy incentives have been adapted to drive adoption at scale, supporting a range of technologies beyond solar and wind, and aligning with global climate agreements like the Paris Accord.

Key examples of today’s expanded incentives include:

• Investment and Production Tax Credits (ITC and PTC) – United States: The ITC allows businesses to deduct up to 30% of renewable energy project costs, while the PTC, primarily for wind energy, provides credits based on energy produced. While President Donal Trump’s Unleashing American Energy executive order paused clean energy-related federal disbursements, this does not currently impact these tax credits.
• European Green Deal (EU): Launched in 2019, this initiative provides grants and funding for businesses adopting renewable energy to help Europe reach its target of net-zero emissions by 2050. Companies can apply for funds to support renewable projects across industries, making adoption accessible and cost-effective.
• Canada’s Clean Technology Investment Tax Credit: Canada’s federal government offers a tax credit for businesses investing in clean technologies, including solar, geothermal, and battery storage systems. This program supports renewable energy adoption as part of Canada’s climate strategy.
• Japan’s Green Investment Promotion Program: To support its decarbonization goals, Japan offers financial incentives such as subsidies and low-interest loans for companies investing in renewable energy, particularly in solar and hydrogen.

Today, businesses have access to a broad spectrum of tax breaks, grants, and credits that reduce the initial costs of renewable energy adoption. These include federal incentives, state and local programs, and international initiatives, making renewable energy projects more financially accessible and appealing.

Key Takeaways 

The landscape of renewable energy incentives has evolved significantly over the past several decades, offering businesses a range of opportunities to explore sustainable energy sources. While each organization’s path to renewable energy adoption may differ based on operational needs, market conditions, and regulatory environments, understanding the financial tools available—such as tax credits, grants, and rebates—can support informed decision-making.

As energy markets continue to shift, staying aware of evolving policies and incentives can help businesses assess whether renewable energy aligns with their broader strategic goals. Whether the priority is cost management, risk mitigation, or contributing to broader sustainability objectives, having a clear view of available resources ensures that companies are well-positioned to evaluate all their energy options.

Questions? Our team is here to help you get answers. Reach out today!