Abbott Laboratories

"Abbott Laboratories has set a net zero target for its UK subsidiary, Abbott Laboratories Ltd, to achieve by 2050. Net Zero Tracker
The company's overall target is to reduce absolute Scope 1 and 2 carbon emissions by 30% from its 2018 baseline by the end of 2030. Net Zero Tracker
This target is consistent with the objectives of the Science Based Targets initiative (SBTi). Net Zero Tracker
Abbott Laboratories also plans to work with its key carbon-intensive suppliers to reduce Scope 3 carbon emissions, with a quantitative target forthcoming. Net Zero Tracker
An interesting aspect of their environmental policy is …"

Current Score (vs. LY)

38.9 pts (2.5)

Last Update: Dec. 12, 2023

Transparency

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

Commitments

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

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 533,000498,000543,000
Scope 2 - location-based 478,000479,000498,000
Scope 2 - market-based 397,000402,000419,000
Scope 1-2 - location-based 1,011,000977,0001,041,000
Scope 1-2 - market-based 930,000 900,000 962,000
Scope 3 000
Total - location-based 1,011,000977,0001,041,000
Total - market-based 930,000 900,000 962,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 3,111,5373,070,905
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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

Abbott Laboratories 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

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 30.0 2018 2030


Net Absolute Emission Reductions

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



Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email



Science-based Targets (SBTI)

Date Published / Updated :01/09/2022

Near-term Long-Term Net Zero Standard
Targets Set : Well-below 2°C by 2030 No target No

Abbott commits to reduce absolute scope 1 and 2 GHG emissions 30% by 2030 from a 2018 base year.* Abbott also commits that 82% of its suppliers by emissions covering purchased goods and services and upstream transportation and distribution will have science-based targets by 2026. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.

Data source: SBTI

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 Abbott Laboratories by zerotracker.net: March 24, 2023
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) No

Additional notes: "Our efforts to procure low-carbon electricity and carbon credits are incorporated into our existing energy budget" pg 11 https://dam.abbott.com/en-us/documents/pdfs/abbott-citizenship/2022-CDP-Climate-Change.pdf "Procuring more renewable energy, emission credits and low-emission energy through US and European Virtual Power Purchase Agreements (VPPA) is a key strategy in reducing our CO2 emissions helping us meet our 2030 target" pg 12. "If a site exceeds its emissions allocation within an emissions trading system we will then purchase emissions credits".

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 7.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 25.5 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 3.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 2.948626045400239 10.0 0.0
7 Targets are science-based as validated by SBTi 7.5 10.0 7.5
Commitments 13.448626045400239 40.0 7.5
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 0.0 10.0 -5.0
Results 0.0 30.0 -5.0
Total 38.9 100.0 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? full 5.0 / 5.0 5.0 0.0 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? B 8.0 / 10.0 8.0 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? NC 0.0 / 3.0 0.0 0.0 0.0
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? NC 0.0 / 5.0 0.0 0.0 0.0
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? 2.9
2.9 / 5.0 2.9 0.0 2.4
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? Targets Set Well-below 2°C 7.5 / 10.0 0.0 7.5 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 7.5
Actual (in %): 4.7
0.0 / 5.0 0.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 3.0
Actual (in %): -3.3
0.0 / 5.0 0.0 0.0 5.0
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: 3.8°C 0.0 / 10.0 5.0 -5.0 2.5
Total 38.9 / 100.0 36.4 2.5 43.4


Available Data Sources

Reporting Year 2021 2021 2020 2020 2020 2020 2019 2019 2019 2019 2018 2018
Source Public Yourstake Public Public CDP Yourstake CDP Public Public CDP CDP Public
Publication Year 2022 2022 2022 2021 2021 unknown 2021 2022 2021 2020 2020 2021
Scope 1 533,000 533,000 498,000 500,000 500,000 NA 543,000 540,000 543,000 533,000 531,000 539,000
Scope 2 - location-based 478,000 478,000 479,000 480,000 480,000 NA 498,000 502,000 498,000 518,000 521,000 517,000
Scope 2 - market-based 397,000 397,000 402,000 406,000 406,000 NA 419,000 422,000 419,000 439,000 445,000 441,000
Scope 1-2 - location-based 1,011,000 1,011,000 977,000 980,000 980,000 0 1,041,000 1,042,000 1,041,000 1,051,000 1,052,000 1,056,000
Scope 1-2 - market-based 930,000 930,000 900,000 906,000 906,000 NA 962,000 962,000 962,000 972,000 976,000 980,000
Scope 3 0 0 0 0 11,222,110 11,222,110 0 0 0 14,363,000 0 0
Total - location-based 1,011,000 1,011,000 977,000 980,000 12,202,110 11,222,110 1,041,000 1,042,000 1,041,000 15,414,000 1,052,000 1,056,000
Total - market-based 930,000 930,000 900,000 906,000 12,043,877 NA 962,000 962,000 962,000 15,045,000 976,000 980,000

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