Teva’s 2023 Healthy Future Report Showcases Renewed Sustainability Strategy and Ambitious Targets

Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today published its 2023 Healthy Future Report, sharing its actions to promote healthy people, a healthy planet and a healthy business. The report unveils new targets to achieve net zero emissions across Teva’s operations and value chain by 2045 and 100% renewable electricity across all Teva sites by 2035, as well as to reach 200% more total beneficiaries of health system strengthening and capacity building initiatives in support of underserved populations by 2026 (vs. 2022-23).

Healthy Future, Teva’s renewed sustainability strategy, is a continuation of the Company’s environmental, social and governance (ESG) journey and aligns with its Pivot to Growth strategy. Teva’s 2023 Healthy Future Report demonstrates how this new approach is stronger, with enhanced action and transparency across areas most important to Teva and its stakeholders; bolder, with a clear focus on the six areas requiring the most attention to advance sustainability at Teva and create long-term value; and simpler, with a refreshed and simplified governance model to further drive responsibility and ensure accountability.

“Operating in a sustainable way is the right thing to do,” said Richard Francis, Teva’s President and CEO. “Our renewed sustainability strategy is our purpose in practice—we are all in for better health—and our 2023 Healthy Future Report shows how we are taking action and tracking progress in areas where Teva can uniquely make an impact.”

Last year, Teva issued a second series of sustainability-linked bonds valued at $2.49 billion, bringing its total issuance to $7.5 billion and making Teva the largest issuer in the pharmaceutical sector and the second largest across all sectors worldwide. The Company’s sustainability progress is evidenced by its improved scores from key rating organizations, including MSCI, Sustainalytics, ISS ESG and EcoVadis, and recognition from ESG Investing as Best Healthcare Company for Sustainability Reporting.¹

Getting more people the medicines they need

Based on an assessment of the Company’s economic impact, Teva’s generic medicines contributed to $40.9 billion in savings across 20 countries in 2023. To help reach even more patients, Teva launched two new access to medicines programs—in Spain and Chile—bringing its total to seven and placing the Company ahead of schedule to reach its goal of eight programs by 2025. Through its access to medicines programs, Teva donated 18.8 million doses, worth $21.5 million, to patients around the world.