Sustainability Report 2022

2022
Sustainability Report

Making a World of Difference

A Message From Our Chairman, President and CEO

Dear Hologic Stakeholders,

Thanks to all of you for taking an interest in our sustainability journey. We are excited to showcase our 2022 report and the progress we continue to make living into our purpose, passion and promise:

Our purpose is to enable healthier lives everywhere, every day.
Our passion is to champion women’s health globally.
Our promise is The Science of Sure®, a commitment to provide healthcare professionals clinically differentiated, high-quality products.

Read Full Letter

Steve MacMillan
Hologic Chairman, President and CEO

Our Purpose

At Hologic, we live our purpose — to enable healthier lives everywhere, every day — by bringing to life our virtuous circle. Our innovative, life-changing technologies lead to continuous business growth and financial success. These gains allow us to reinvest in programs and initiatives designed to nurture and support women’s health globally.

A Sustainability Discussion With Our CFO, Karleen Oberton

R&D Spotlight: BV and CV/TV Aptima® Assays

Shingo Prize: A World-Class Culture of Excellence

Materiality Assessment

Hologic’s Commitment to U.N. Sustainable Development Goals

How Hologic Helps Make a Difference in Women's Lives

Hologic at a Glance

Overview

Total Revenue*

References

* Total non-GAAP revenue growth in millions. Growth rates in constant currency. As reported except FY14, which excludes ~$20 million one-time revenue from amending Roka license. Results include contributions from the Blood Screening business that was divested in 2017, the Medical Aesthetics business that was acquired in 2017 and divested in 2020, and other smaller acquisitions. Numbers may not foot due to rounding.
** Decline in Total Revenue excluding COVID Assays is driven by lower capital sales in our Breast Health business, as a result of semiconductor supply chain shortages.

Non-GAAP EPS*

References

* Non-GAAP EPS as presented in our earnings releases except FY14, which excludes ~$0.05 one-time contribution from amending Roka license. Results include contributions from the Blood Screening business divested in 2017, the Medical Aesthetics business acquired in 2017 and divested in 2020, and other smaller acquisitions.

** Decline in Non-GAAP EPS is driven by less COVID testing revenue and lower capital sales in our Breast Health business, as a result of semiconductor supply chain shortages.

GAAP to Non-GAAP Reconciliation

References

Numbers may not foot due to rounding.
1. Assumes dilution of 1.9 million shares for the year ended September 28, 2019. 2. Assumes dilution of 2.8 million shares for the year ended September 29, 2018.

Fast Facts

Founded:

1985 by Jay Stein and David Ellenbogen

Chairman, President and CEO:

Steve MacMillan

Fiscal 2022 Revenue:

$4.86 billion

NASDAQ Stock Exchange:

HOLX

Employees:

~7,000 worldwide

Patents:

4,100+

Estimated Number of Lives Impacted in Fiscal 2022:

300+ million

Global Headquarters:

Marlborough, Massachusetts

Global Reach:

Locations in 36+ countries with direct staff and a market presence in more than 100 countries.

Awards

Awards Received

Drucker Institute’s Best-Managed Companies
Fast Company’s 2022 List of World’s Most Innovative Companies
Gallup Exceptional Workplace Award
IMV ServiceTrak Awards
LinkedIn 25 Top Healthcare Companies
NorthFace Service Award
Shingo Prize
The Boston Globe Top Places to Work
The San Diego Union-Tribune Top Workplaces

2022 Revenue

Championing Women

We see so often that women put themselves last, often to their detriment. Despite advances in healthcare, women’s health is not a priority in much of the world. In 2021, health situations for women and girls did not get better. The divide between women in high-income and low-income economies grew even larger than the year before. Hologic works tirelessly to ensure that women’s health is prioritized and that current technologies are utilized to their fullest, life-saving potential.

Our Communities

A global company has a responsibility to help wherever it can — not only where it conducts business. That means serving unique populations with different needs. Hologic listens to the specific needs of many local audiences to deliver support that resonates within the community.

Strengthening Communities Through Philanthropy

185 organizations worldwide received philanthropic assistance from Hologic.

We have donated millions of dollars to these non-profit organizations, directly and through Partners in Giving, a program in which Hologic matches employees’ donations to charitable groups.

Dozens of Communities Supported, Including:

Ann Arbor, Michigan, U.S.
Boston, Massachusetts, U.S.
Cartago, Costa Rica
Cleveland, Ohio, U.S.
Dallas, Texas, U.S.
Danbury, Connecticut, U.S.
Hartford, Connecticut, U.S.
Holmes, Pennsylvania, U.S.
Indianapolis, Indiana, U.S.
Kajiado, Kenya

Kigali, Rwanda
London, United Kingdom
Los Angeles, California, U.S.
Manchester, United Kingdom
Needham, Massachusetts, U.S.
Newark, Delaware, U.S.
Phoenix, Arizona, U.S.
Pocatello, Idaho, U.S.
Quebec, Canada
Raleigh, North Carolina, U.S.

Rochester Hills, Michigan, U.S.
San Diego, California, U.S.
San Jose, Costa Rica
San Marcos, California, U.S.
Syracuse, New York, U.S.
West Palm Beach, Florida, U.S.
Wilmington, Delaware, U.S.
Worcester, Massachusetts, U.S.

The Environment

Hologic contributes to the greater good for both the communities of today and those of future generations. While we specialize in healthcare innovation, we recognize that basic human needs affect health issues at a much higher level. At Hologic, growing while being mindful of our environmental impact is key. We are working to ensure that our progress is also measured by a diminished carbon footprint.

Climate Risks and Opportunities

Pursuing ways to further lower emissions and reduce our carbon footprint.

Environmental Goals

We aim to make business decisions that have a positive impact on the environment.

Environmental Initiatives in Diagnostics

Reimagining manufacturing, packaging and shipping to reduce waste.

Inequality

harms women

Hologic’s Costa Rica site achieved zero waste to landfill as part of a pilot project.

Hologic Costa Rica Climate Initiatives

Learn More

Our People

Passion for the work Hologic does every day can be felt in our offices around the globe. We were founded by passionate innovators and thousands of equally inspired employees continue to carry that flame to this day. After all, who hasn’t been impacted by the health crisis of a loved one? The motivation that so many Hologic employees bring to work every day creates a culture of progress and change.

Learn More

When there is tight alignment between mission and performance, and the right talent in every role, engagement thrives.

“What I am empowered to do each day, which is to set the strategic direction of our sales organization, has an impact not only on the livelihood of all employees, but also on every patient who receives a diagnosis based on the surety of our products. When there is tight alignment between mission and performance, and the right talent in every role, engagement thrives.”
Keith Reed, Vice President of Sales, Breast and Skeletal Health Solutions, Orlando, Florida

I am certain that my purpose to enable healthier lives is aligned to my daily responsibilities in the organization and that growth is inevitable.

“I joined the organization at a time when everything in the world was uncertain due to COVID. Hologic embraced the challenges and ensured that we felt secure in an unnerving situation. We did not lose those interpersonal connections that tie our purpose to our people. I found myself connecting more and cultivating my leadership skills, which created an excellent sense of belonging for me. I am certain that my purpose to enable healthier lives is aligned to my daily responsibilities in the organization and that growth is inevitable.”
Dikeledi Khoza, Applications and Support Lead, Global Access Initiative, Johannesburg, South Africa

I’ve been able to help develop world-class treatment and diagnostic technologies that impact far more people.

“My goal in life is to leave the world a better place for having had me in it. As a nurse, I was able to do that through direct patient care – one patient at a time. As someone who has worked in the medical technology industry, I’ve been able to help develop world-class treatment and diagnostic technologies that impact far more people. Moving to Hologic was a no-brainer. You’re working with amazing technology that helps to diagnose earlier, bring treatment sooner and help women in particular get back to healthy lives and their families a lot faster.”
Tanja Brycker, Vice President of International Strategic Development for Surgical, Breast and Skeletal Health, Field, United Kingdom

There is a mutual respect for each other’s perspectives and a yearning to accomplish our goals.

“I love being surrounded by people I can trust, lean on and who inspire me every day. These close relationships lead to exciting moments of ideating, collaborating and problem-solving together. There is a mutual respect for each other’s perspectives and a yearning to accomplish our goals. Our collaborative outcome is so much greater than what I could ever dream of accomplishing alone.”
Mark Olsem, Senior Director, Brand and Healthcare Provider Marketing, Ann Arbor, Michigan

This is a game-changer for both the employee and the company — a two-way, win-win approach.

“Hologic has been a great champion for the well-being of its people and the communities where it does business. This is a game-changer for both the employee and the company — a two-way, win-win approach. What could be more engaging than working for a company that genuinely cares about people? Hologic means pride and hope.”
Elidieth Gonzalez, Director, Human Resources, El Coyol, Costa Rica

Good Governance

As a leading global healthcare company, Hologic has a responsibility to provide transparency into our business practices and operate with the highest degree of integrity. Our governance policies guide our work in clinical trials, supply chain management, supplier risk management, quality management, workplace health and safety, as well as information security.

Strong governance is essential to our success as a growing company with a direct impact on the lives and health of millions of women around the world.