Abbott Laboratories is a Humankind 100 company whose ranking is based on its Humankind Value, a proprietary metric that provides an estimate of the overall dollar amount a company creates for investors, consumers, employees, and society at large.
Abbott Laboratories performs diagnostics and sells medical devices, medicines, and nutritional products such as Pedialyte and Ensure. Its products and services help people treat and prevent diseases and chronic conditions. Its treatments help people with pain, movement disorders, diabetes, heart conditions, and more.
(All values are in US Dollars, where M=Million, B=Billion, T=Trillion.)
Abbott Laboratories generates positive Humankind Value on balance. This outcome is largely driven by its work on Medical Devices ($179.4 B), Crop Production ($29.6 B), and Healthcare R&D ($26.2 B). Positive value from Medical Devices and Healthcare R&D contains our estimation of 4,000,000 additional years lived by people worldwide. Positive value from Crop Production includes the impact of an estimated 570,000 equivalent life years not lost to death or reduced quality of life. However, there is room for improvement with respect to impacts on Breastmilk Substitutes (-$90.8 B) and Calorie Conversion (-$41.3 B). Medical Devices, Healthcare R&D, and Breastmilk Substitutes are attached to this company because of its direct business activities. Crop Production and Calorie Conversion are largely consequences of the actions of supply chain partners.