SHL: Brisbane lab sale and leaseback completed. Maintain SP rating

Research evidence excerpt

SHL: Brisbane lab sale and leaseback completed. Maintain SP rating

Sonic Healthcare Ltd

Key sustainability questions

This section is intended to highlight key sustainability discussion points relevant to this company, as well as our views on the outlook. Both the

questions we highlight and our responses will evolve over time as the dialogue between management, analysts and investors continues to

advance. We welcome any feedback on the topics.

Our view

What are the most material Sonic Healthcare operates a courier network for pathology sample collection and

sustainability issues facing this therefore minimising greenhouse gas emissions is a key issue. Sonic Healthcare

company? processes sensitive personal and health information, therefore protection of data is

a key issue. Sonic Healthcare's Australian pathology staff are involved with collecting

samples from possible COVID infected patients and then testing those samples, and

therefore responsible for providing a safe work environment. Sonic Healthcare must

also ensure it does not breach the Health Insurance Act 1973 by paying above-

market rent at co-located collection centre sites.

Does the company integrate Sonic is committed to actively reducing its carbon footprint and planning a pathway

sustainability considerations into its towards net zero greenhouse gas emissions. In FY21, a Sustainability Director,

strategy? Sustainability Manager and Sustainability Steering Committee were appointed to

focus on its emission reduction program, renewable energy targets and pathway

to achieving net zero. Sonic Healthcare's diversity policy outlines standards to

ensure the business achieves breadth in experience, talents and perspectives

through diversity in age, gender and ethnicity. Women make up ~74% of Sonic's