GlobalData offers a comprehensive analysis of R1 RCM, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on R1 RCM’s ESG performance. GlobalData’s company profile on R1 RCM offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
R1 RCM, a healthcare service provider, is committed to reducing its carbon emissions. In 2022, the company emitted 686 metric tons of CO2 from diesel. Within this total, 371 metric tons were CO2 emissions from CNG, leading to a reduction of 315 metric tons in overall CO2 emissions. This contributed to a decrease of $16,380 in social costs, based on a valuation of $52 per metric ton. The company has implemented various initiatives to combat air pollution and improve air quality. Through a reforestation project in Gurgaon, India, R1 is planting 10,600 trees to help combat air pollution. Additionally, the company is exploring sustainable buildings for its office spaces and providing accessible and sustainable working spaces for its employees in the US, India, and the Philippines.
R1 RCM has partnered with the Centre for Environmental Research & Education (CERE) to measure its progress in reducing carbon emissions. The company has already planted trees that are estimated to sequester over 398 metric tons of CO2 over the next 15 years. CERE has geo-tagged a representative sample of the planted trees to estimate the amount of carbon offset by the project. R1 is committed to conducting a comprehensive analysis of the value of carbon offset to track its progress year over year.
The company has also taken steps to reduce its carbon footprint and energy consumption. R1 RCM has switched to renewable sources of energy, with 2.2% of its total energy requirements coming from solar energy. The company is actively looking for opportunities to increase its usage of green energy. It has also implemented recycling programs to reduce waste and actively recycles materials such as paper, cardboard, plastics, light bulbs, batteries, and computer equipment.
R1 RCM is committed to further reducing its carbon footprint and adopting more renewable sources of energy. The company is working closely with its real estate partners to convert part of its energy supply from conventional to solar energy. The transition to remote work in response to COVID-19 has also resulted in fewer miles traveled and reduced carbon emissions. The company is actively exploring opportunities to transition its fleet to electric vehicles as local infrastructure and opportunities develop.
In conclusion, R1 RCM is dedicated to reducing its carbon emissions. The company has implemented various initiatives, including reforestation projects, sustainable buildings, and renewable energy usage, to combat air pollution and improve its environmental impact. Through partnerships and comprehensive analysis, R1 is tracking its progress and actively working towards a more sustainable future.
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