THOUSAND OAKS, Calif.,
Jan. 11, 2021 /PRNewswire/ --
Amgen (NASDAQ: AMGN) today announced the launch of a new
seven-year environmental sustainability plan, which includes a
commitment to achieve carbon neutrality, while also reducing water
use by 40% and waste disposed by 75%.
"As a science-based company with a mission to serve patients, we
understand the profound impact that climate change is having on
human health around the world," said Robert
A. Bradway, chairman and chief executive officer at
Amgen. "Our new commitments expand on our previous
achievements and drive Amgen's continued leadership on
environmental sustainability that will benefit our patients, staff,
shareholders and communities."
Since 2007, Amgen has implemented projects resulting in a 33%
reduction in carbon emissions, a 30% reduction in water use and a
28% reduction in waste. These reductions were achieved even as the
company increased production capacity, expanded our presence to
more than 100 countries and grew revenues significantly.
Amgen will invest more than $200
million to achieve these 2027 environmental commitments, and
expects that such investment will help us to become not just more
environmentally sustainable but also more flexible and productive,
resulting in reductions in operating costs from such efficiencies
over the same period. The company will focus on the use of
innovative technologies to significantly reduce carbon emissions
from Amgen-owned operations, as well as on sourcing renewable
energy. For example, Amgen's newest biomanufacturing plant in
Singapore generates 70% less
carbon than traditional biomanufacturing facilities. The company
has built a second such plant in Rhode
Island.
Where carbon emissions cannot be eliminated from its operations,
Amgen will invest in sustainability projects that sequester or
avoid greenhouse gas emissions. In addition, Amgen will engage
with its suppliers to assist and encourage carbon reductions
throughout its value chain.
More information about Amgen's environmental plans can be
found here.
About Amgen
Amgen is committed to unlocking the potential of biology for
patients suffering from serious illnesses by discovering,
developing, manufacturing and delivering innovative human
therapeutics. This approach begins by using tools like advanced
human genetics to unravel the complexities of disease and
understand the fundamentals of human biology.
Amgen focuses on areas of high unmet medical need and
leverages its expertise to strive for solutions that improve health
outcomes and dramatically improve people's lives. A biotechnology
pioneer since 1980, Amgen has grown to be one of the
world's leading independent biotechnology companies, has reached
millions of patients around the world and is developing a pipeline
of medicines with breakaway potential.
For more information, visit www.amgen.com and follow
us on www.twitter.com/amgen.
Forward-Looking Statements
This news release contains forward-looking statements that are
based on the current expectations and beliefs of Amgen. All
statements, other than statements of historical fact, are
statements that could be deemed forward-looking statements,
including any statements on the outcome, benefits and synergies of
collaborations, or potential collaborations, with any other
company, including Adaptive Biotechnologies (including statements
regarding such collaboration's ability to discover and develop
fully-human neutralizing antibodies targeting SARS-CoV-2 to
potentially prevent or treat COVID-19), BeiGene, Ltd., or the
Otezla acquisition, including anticipated Otezla sales growth and
the timing of non-GAAP EPS accretion, as well as estimates of
revenues, operating margins, capital expenditures, cash, other
financial metrics, expected legal, arbitration, political,
regulatory or clinical results or practices, customer and
prescriber patterns or practices, reimbursement activities and
outcomes, effects of pandemics or other widespread health problems
such as the ongoing COVID-19 pandemic on our business, outcomes,
progress, or effects relating to studies of Otezla as a potential
treatment for COVID-19, and other such estimates and results.
Forward-looking statements involve significant risks and
uncertainties, including those discussed below and more fully
described in the Securities and Exchange
Commission reports filed by Amgen, including our most
recent annual report on Form 10-K and any subsequent periodic
reports on Form 10-Q and current reports on Form 8-K. Unless
otherwise noted, Amgen is providing this information as
of the date of this news release and does not undertake any
obligation to update any forward-looking statements contained in
this document as a result of new information, future events or
otherwise.
No forward-looking statement can be guaranteed and actual
results may differ materially from those we project. Our results
may be affected by our ability to successfully market both new and
existing products domestically and internationally, clinical and
regulatory developments involving current and future products,
sales growth of recently launched products, competition from other
products including biosimilars, difficulties or delays in
manufacturing our products and global economic conditions. In
addition, sales of our products are affected by pricing pressure,
political and public scrutiny and reimbursement policies imposed by
third-party payers, including governments, private insurance plans
and managed care providers and may be affected by regulatory,
clinical and guideline developments and domestic and international
trends toward managed care and healthcare cost containment.
Furthermore, our research, testing, pricing, marketing and other
operations are subject to extensive regulation by domestic and
foreign government regulatory authorities. We or others could
identify safety, side effects or manufacturing problems with our
products, including our devices, after they are on the market. Our
business may be impacted by government investigations, litigation
and product liability claims. In addition, our business may be
impacted by the adoption of new tax legislation or exposure to
additional tax liabilities. If we fail to meet the compliance
obligations in the corporate integrity agreement between us and
the U.S. government, we could become subject to
significant sanctions. Further, while we routinely obtain patents
for our products and technology, the protection offered by our
patents and patent applications may be challenged, invalidated or
circumvented by our competitors, or we may fail to prevail in
present and future intellectual property litigation. We perform a
substantial amount of our commercial manufacturing activities at a
few key facilities, including in Puerto Rico, and also depend
on third parties for a portion of our manufacturing activities, and
limits on supply may constrain sales of certain of our current
products and product candidate development. An outbreak of disease
or similar public health threat, such as COVID-19, and the public
and governmental effort to mitigate against the spread of such
disease, could have a significant adverse effect on the supply of
materials for our manufacturing activities, the distribution of our
products, the commercialization of our product candidates, and our
clinical trial operations, and any such events may have a material
adverse effect on our product development, product sales, business
and results of operations. We rely on collaborations with third
parties for the development of some of our product candidates and
for the commercialization and sales of some of our commercial
products. In addition, we compete with other companies with respect
to many of our marketed products as well as for the discovery and
development of new products. Discovery or identification of new
product candidates or development of new indications for existing
products cannot be guaranteed and movement from concept to product
is uncertain; consequently, there can be no guarantee that any
particular product candidate or development of a new indication for
an existing product will be successful and become a commercial
product. Further, some raw materials, medical devices and component
parts for our products are supplied by sole third-party suppliers.
Certain of our distributors, customers and payers have substantial
purchasing leverage in their dealings with us. The discovery of
significant problems with a product similar to one of our products
that implicate an entire class of products could have a material
adverse effect on sales of the affected products and on our
business and results of operations. Our efforts to collaborate with
or acquire other companies, products or technology, and to
integrate the operations of companies or to support the products or
technology we have acquired, may not be successful. A breakdown,
cyberattack or information security breach could compromise the
confidentiality, integrity and availability of our systems and our
data. Our stock price is volatile and may be affected by a number
of events. Our business performance could affect or limit the
ability of our Board of Directors to declare a dividend or our
ability to pay a dividend or repurchase our common stock. We may
not be able to access the capital and credit markets on terms that
are favorable to us, or at all.
CONTACT: Amgen, Thousand Oaks
Megan Fox, 805-447-1423 (media)
Trish Rowland, 805-447-5631
(media)
Arvind Sood, 805-447-1060
(investors)
View original content to download
multimedia:http://www.prnewswire.com/news-releases/amgen-to-achieve-carbon-neutrality-by-2027-301205666.html
SOURCE Amgen