Thermo Fisher Scientific Raises Greenhouse Gas Emissions Reduction Target on Path to Net-zero Emissions
December 06 2022 - 8:00AM
Business Wire
Company to achieve 2030 Scope 1 and 2
greenhouse gas emissions reduction target of 30% ahead of schedule;
increases ambition to 50% reduction, aligned with 1.5˚C pathway
Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in
serving science, today announced a new 2030 greenhouse gas
emissions reduction target to reduce its Scope 1 and 2 emissions
from operations by more than 50% from a 2018 baseline.1 The company
is on track to achieve its previous 2030 goal of a 30% reduction,
ahead of schedule.
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The company’s new 50% reduction target fulfills its commitment
to the Business Ambition to 1.5˚C campaign and aligns its climate
strategy with the Paris Agreement and its reduction targets with
the 1.5˚C pathway. This represents an important milestone in Thermo
Fisher’s pursuit of a net-zero value chain by 2050, which includes
Scope 1, 2 and 3 emissions. The company has submitted its targets
to the Science Based Targets initiative for validation.
“Our net-zero goal reflects Thermo Fisher’s commitment to
environmental sustainability across the company,” said Marc N.
Casper, chairman, president and chief executive officer of Thermo
Fisher. “Delivering on interim targets in an accelerated timeframe
is a testament to our colleagues and the investments behind our
ongoing climate strategy. Our ambitious new 2030 target on the path
to net-zero emissions by 2050 reinforces our Mission to enable our
customers to make the world healthier, cleaner and safer.”
The company has taken a multi-pronged approach in pursuit of
net-zero emissions by:
- Transitioning away from fossil fuels and accelerating the
adoption of renewable electricity to power its facilities.
Currently, more than 100 Thermo Fisher sites across the globe use
100% renewable electricity. Earlier this year, the company entered
into an agreement with Enel North America to source half of its
U.S. electricity needs from wind power.
- Engaging with 90% of suppliers2 — its largest source of
Scope 3 emissions — to set science-based targets by 2027,
helping to reduce emissions across its global value chain in
support of the world’s climate goals.
- Designing products with the environment in mind. Thermo
Fisher’s greener product alternatives and ENERGY STAR™ certified
products help scientists advance sustainability in the lab by
minimizing the use of hazardous chemicals, decreasing waste and
material consumption, and increasing energy efficiency.
More information about the company’s environmental, social and
governance progress can be found at www.thermofisher.com/csr.
About Thermo Fisher Scientific Thermo Fisher Scientific
Inc. is the world leader in serving science, with annual revenue of
approximately $40 billion. Our Mission is to enable our customers
to make the world healthier, cleaner and safer. Whether our
customers are accelerating life sciences research, solving complex
analytical challenges, increasing productivity in their
laboratories, improving patient health through diagnostics or the
development and manufacture of life-changing therapies, we are here
to support them. Our global team delivers an unrivaled combination
of innovative technologies, purchasing convenience and
pharmaceutical services through our industry-leading brands,
including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher
Scientific, Unity Lab Services, Patheon and PPD. For more
information, please visit www.thermofisher.com.
______________ 1 New target is 50.4%. Both targets from a 2018
baseline 2 By spend
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version on businesswire.com: https://www.businesswire.com/news/home/20221206005156/en/
Media Contact: Sandy Pound Phone: 781-622-1223 E-mail:
sandy.pound@thermofisher.com
Investor Contact: Rafael Tejada Phone: 781-622-1356 E-mail:
rafael.tejada@thermofisher.com
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