IHH Healthcare announces sustainability commitments in launch of first standalone sustainability report

IHH’s sustainability goals were set out across four stakeholder pillars, which are "patients", "people", "public" and "planet".

IHH Healthcare Q0F, on May 2, announced the release of its sustainability commitments. The commitments were published in the group’s inaugural standalone sustainability report.

In the report, IHH’s sustainability goals were set out across four stakeholder pillars, which are "patients", "people", "public" and "planet".

Under patients, IHH is seeking to be the “most trusted private healthcare provider in all [its] markets by 2025”. IHH is currently present in 10 countries including Singapore, Malaysia, Brunei Darussalam, China and India.

IHH is also looking to achieve 90% of value-driven outcomes or at above international benchmarks by 2025 among other goals as well as implement improvements across all of its hospitals to achieve one-hour admission times from doctors’ instructions at its accident & emergency (A&E) departments by 2025.

Under people, IHH is looking to be the “employer of choice” among private healthcare organisations across all of its markets by 2025 as well. Other goals under this pillar include achieving 50:50 male to female ratio in leadership roles by the same year and being above country and world healthcare norms in the Employee Engagement Survey (EES) in all of IHH’s markets by 2025.

Under public, IHH says it aims to “touch five million lives for healthier communities” in 2025 with goals such as establishing public corporate responsibility programmes in at least two of its core markets by 2023 and having 100% of its hospitals implement antimicrobial resistance interventions in line with the Center for Disease Control and Prevention (CDC).

Under planet, IHH is seeking to cap its carbon growth by 2025 and achieve net-zero emissions by 2050. Under its overall goal, the group says it is looking to cap Scope 1 and 2 emissions at 2022 baseline by 2025 and reduce its y-o-y carbon intensity per patient bed-day. Other goals include strategizing its Scope 3 carbon accounting by 2023 and be SBTI (or science-based target initiative) ready by 2025 as well as reducing its single-use virgin plastic by 90% in non-clinical areas in Malaysia and Singapore by 2023.

“At IHH, we are united behind one purpose: to touch lives and transform care. We are taking the lead in our industry by defining very clear commitments and targets focused on our role as a healthcare services provider. We truly believe this initiative is one that will move the needle for our industry and build trust with our stakeholders,” says Tan Sri Mohammed Azlan bin Hashim, chairman of IHH Healthcare.

“By setting clear goals and accompanying governance structures, we are ensuring accountability as IHH marshals its resources to serve patients, people, the public while balancing the needs of our planet,” he adds.

As at 3.46pm, shares in IHH are trading flat at $1.71.

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