Amgen to Invest Over $200 Million in Bid to Reach New Environmental Targets
January 11 2021 - 6:33PM
Dow Jones News
By Kimberly Chin
Amgen Inc. will invest more than $200 million to help the
company reach its environmental targets by 2027, it said
Monday.
The seven-year plan, which includes a carbon neutrality
commitment, has a target to reduce water use by 40% and waste
disposal by 75%, the Thousand Oaks, Calif., company said.
"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," Amgen said.
The biopharmaceutical company will look at innovative
technologies to reduce carbon emissions within its operations, as
well as source renewable energy, the company said.
Amgen will invest in sustainability projects that will sequester
or avoid greenhouse gas emissions when it is difficult to eliminate
carbon emissions from its operations, it said, adding that it will
also work with suppliers to reduce the carbon footprint in its
supply chain.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
January 11, 2021 18:18 ET (23:18 GMT)
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