Merck Cuts Emissions by 7%

Date : 10/08/2019 @ 1:55PM
Source : Dow Jones News
Stock : Merck and Co Inc (MRK)
Quote : 84.65  0.0 (0.00%) @ 11:09AM

Merck Cuts Emissions by 7%

Merck (NYSE:MRK)
Historical Stock Chart

2 Months : From Sep 2019 to Nov 2019

Click Here for more Merck Charts.

By Dieter Holger

 

Merck & Co. (MRK) said Tuesday that it cut its greenhouse-gas emissions by 7% last year from the previous year as the pharmaceutical company looks to improve its energy efficiency and other eco-friendly measures.

Total emissions at the American company came to around 8.6 million metric tons of carbon dioxide in 2018 compared with 9.1 million metric tons in 2017, Merck said.

Merck's efforts come as the pharmaceutical industry faces mounting pressure to lower its environmental footprint. The carbon footprint of the global drug sector is larger than that of the automotive industry, according to a study published this year in the Journal of Cleaner Production, a scientific publication. Merck is among only 15 drug companies that have reported their emissions since 2012, the study said.

At 72%, the vast majority of Merck's emissions were scope 3--emissions from a company's actual products. To cut its emissions Merck said that it was working to reduce waste in its operations, lower fuel use and seeking opportunities to shift from air freight to ocean transport when practical.

"These actions not only reduce our environmental impact but benefit the business by reducing costs," Merck said.

 

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

 

(END) Dow Jones Newswires

October 08, 2019 09:40 ET (13:40 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest MRK Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.