"Biogen Inc., a company based in the USA, has set a net zero target for 2045. Net Zero Tracker This target, which is guided by the SBTi’s net zero corporate standard, includes reducing emissions by 55.0% relative to 2019 emissions by 2040. Net Zero Tracker An interesting fact about Biogen's environmental policy is that as part of their carbon neutrality strategy, they purchase and retire carbon offsets. Net Zero Tracker They also plan to transition 100% of their vehicle fleet to electric by 2025. Net Zero Tracker In addition, you can check out the net-zero commitments and data for the …"
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
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.
Biogen Inc. is a member of the Business Ambition for 1.5 campaign (link here )
Overall Net-Zero Target Biogen commits to reach net-zero GHG emissions across the value chain by 2045. Near-Term Targets Biogen commits to reduce absolute scope 1 and 2 GHG emissions 55% by 2032 from a 2019 base year. Biogen also commits that 80% of its suppliers by spend covering purchased goods and services and capital goods, will have science-based targets by 2025. Long-Term Targets Biogen commits to reduce absolute scope 1 and 2 GHG emissions 100% by 2040 from a 2019 base year. Biogen also commits to reduce absolute scope 3 GHG emissions 90% by 2045 from a 2019 base year.
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: We continue to invest in 100% renewable electricity and in 2022 announced a renewable electricity purchase equivalent for one-third of the electricity use of our U.S. operations. This complements efforts that include onsite generation, direct purchase of green power, virtual power purchasing agreements (VPPAs) and purchasing unbundled renewable energy credits (RECs).
Where necessary, Biogen also purchases unbundled renewable energy credits (RECs).
Sources https://www.biogen.com/content/dam/corporate/international/global/en-US/docs/esg-report/Biogen-CDP-Climate-2022.pdf, https://www.biogen.com/content/dam/corporate/international/global/en-US/docs/responsibility/reporting-and-principles/reports/PPN-0621-Carbon-Reduction-Plan-Oct%202023.pdf
To address these issues, Biogen will eliminate the combustion of fossil fuels in our operations by 2040 in line with the global ambition to limit warming to 1.5°C. We consider this target beyond Net Zero as no carbon removal will be included towards its achievement. Biogen commits to reduce absolute Scope 1 + 2 GHG emissions 55% by 2032 from a 2019 base year and 100% by 2040 without the use of direct land use or carbon capture technologies.
Source: https://www.biogen.com/climate-change-position-statement.html#:~:text=Biogen%20commits%20to%20reduce%20absolute,use%20or%20carbon%20capture%20technologies. https://www.biogen.com/content/dam/corporate/international/global/en-US/docs/esg-report/Biogen-CDP-Climate-2022.pdf
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
10.0
10.0
0.0
3
CDP score demonstrates the level of transparent disclosures
8.0
10.0
0.0
Transparency
28.0
30.0
0.0
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
5.0
10.0
0.0
6
Emission reduction targets on a forward-looking basis are ambitious
NET 0 Tracker
