Eli Lilly

"Eli Lilly & Co. has set a net zero target to become carbon neutral by 2030. Net Zero Tracker
This target covers only carbon dioxide and includes scope 1 and scope 2 emissions, but not scope 3 or historical emissions. Net Zero Tracker
The company's strategy is to reduce emissions as much as possible internally before considering offsets. Net Zero Tracker
From 2020 to 2022, they achieved a 23% absolute emissions reduction and a 13% year-on-year reduction from 2021. Net Zero Tracker
An interesting fact about their environmental policy is that they plan to source 100% of their purchased electricity …"

Current Score (vs. LY)

38.3 pts (-2.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #110

S&P100: #75

Health Care: #15

71.7%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

23.3%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

25.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 157,000159,000192,000
Scope 2 - location-based 488,000551,0000
Scope 2 - market-based 466,000NA596,000
Scope 1-2 - location-based 645,000710,000192,000
Scope 1-2 - market-based 623,000 NA 788,000
Scope 3 000
Total - location-based 645,000710,000192,000
Total - market-based 623,000 NA 788,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 2,034,4392,018,757
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Eli Lilly belongs to the sector Health Care.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 100.0 2020 2030

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2LOC NO 2030

Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Eli Lilly & Co. by zerotracker.net: Sept. 5, 2023
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Other conditions
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: Lilly does not currently partake in offsetting but does outline that it believes it will be a necessary part of their strategy to reach net zero by 2030. It maintains that its primary goal is to reduce emissions and replace carbon-intensive sources with clean energy sources. Sourced from: https://web.archive.org/web/20230905051857/https://www.esg.lilly.com/environmental/climate Sourced from: https://web.archive.org/web/20230905051659/https://www.esg.lilly.com/environmental Lilly does have a strategy in place to purchase carbon offsets if needed - "purchasing certificates from climate protection projects with recognized quality standards." However, they did not purchase any carbon offsets in fiscal year 2022 based on a decision-making process that is "based on the remaining emissions that cannot be eliminated" for a given year. Sourced from: https://www.esg.lilly.com/environmental/climate

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 2.5 10.0 -2.5
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 21.5 30.0 -2.5
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 6.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 3.333333333333334 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 9.333333333333334 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 7.5 10.0 0.0
Results 7.5 30.0 0.0
Total 38.3 100.0 -2.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 2.5 -2.5 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 8.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2030 3.3 / 5.0 3.3 0.0 3.3
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.6°C 7.5 / 10.0 7.5 0.0 7.5
Total 38.3 / 100.0 40.8 -2.5 39.8


Available Data Sources

Reporting Year 2021 2021 2020 2020 2019 2019 2018
Source Public Yourstake Public CDP Public CDP Public
Publication Year 2022 unknown 2022 2021 2021 2020 2021
Scope 1 157,000 314,000 159,000 158,650 192,000 192,075 201,000
Scope 2 - location-based 488,000 488,000 551,000 550,922 0 616,431 0
Scope 2 - market-based 466,000 466,000 NA 512,580 596,000 556,855 631,000
Scope 1-2 - location-based 645,000 802,000 710,000 709,572 192,000 808,506 201,000
Scope 1-2 - market-based 623,000 780,000 NA 671,230 788,000 748,930 832,000
Scope 3 0 2,987,000 0 175,947 0 234,796 0
Total - location-based 645,000 3,789,000 710,000 885,519 192,000 1,043,302 201,000
Total - market-based 623,000 3,767,000 NA 847,177 788,000 983,726 832,000

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog