Pfizer Inc.

"Pfizer Inc., a company based in the USA, has committed to achieving carbon neutrality by 2040. Net Zero Tracker
This target covers carbon dioxide and other greenhouse gases but does not include historical emissions. Net Zero Tracker
The company's goal, which was set in 2022, is to reduce company emissions by 95% and value chain emissions by 90%. Net Zero Tracker
An interesting fact about Pfizer's environmental policy is that it has been building on over 20 years of climate action and has set these new, ambitious climate goals without a publicly available plan outlining the steps towards achieving them. …"

Current Score (vs. LY)

66.1 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 1 662,438651,198704,815
Scope 2 - location-based 502,139515,329567,645
Scope 2 - market-based 519,558535,285577,268
Scope 1-2 - location-based 1,164,5771,166,5271,272,460
Scope 1-2 - market-based 1,181,996 1,186,483 1,282,083
Scope 3 4,754,8783,059,5344,639,761
Total - location-based 5,919,4554,226,0615,912,221
Total - market-based 5,666,936 4,246,017 5,921,844

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 6,972,7655,649,517
Methodology Previous year intensity (revenue)As reported

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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

Pfizer Inc. 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
S3 10.0 2019 2025 Note that all the scope 3 emissions categories are not fully covered
S3 25.0 2019 2025 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 46.0 2019 2030


Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 100.0 2019 2040


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2040
S1S2MKT NO 2030


Science-based Targets (SBTI)

Date Published / Updated :01/04/2021

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030, 2025 No target Yes
Pfizer Inc. is a member of the Business Ambition for 1.5 campaign (link here )

Pfizer Inc. commits to reduce absolute scope 1 and 2 GHG emissions 46% by 2030 from a 2019 base year. Pfizer Inc. commits to increase annual sourcing of renewable electricity from 9% in 2019 to 100% by 2030. Pfizer Inc. commits to reduce absolute scope 3 emissions 25% from business travel by 2025 from a 2019 base year. Pfizer Inc. commits to reduce absolute scope 3 emissions 10% from upstream transportation and distribution by 2025 from a 2019 base year. Pfizer Inc. also commits that 64% of its suppliers by spend covering purchased goods & services, will have science-based targets by 2025. *The target boundary includes biogenic 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 Pfizer by zerotracker.net: May 6, 2024
Planning to use external offset credits No
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: They have an internal carbon price of $20/mtCO2e based on the current cost of voluntary credits and actual/projected carbon taxes. This internal price is for the objectives of: “change internal behaviour, drive energy efficiency, drive low-carbon investment and stakeholder expectations”. (p. 133-134, Pfizer CDP Climate Questionnaire 2023) However, they have not used carbon credits or offsets yet. Source: https://cdn.pfizer.com/pfizercom/Pfizer_Inc._CDP_Climate_Change_2023.pdf

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 9.0 10.0 0.0
Transparency 26.5 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 5.000000000000001 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 4.603053554232745 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 29.603053554232744 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 10.0 10.0 2.5
Results 10.0 30.0 2.5
Total 66.1 100.0 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)? 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? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 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? 2040 1.7 / 5.0 1.7 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 4.6
4.6 / 5.0 4.6 0.0 3.3
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 1.5°C 10.0 / 10.0 10.0 0.0 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 8.4
Actual (in %): 7.8
0.0 / 5.0 0.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 4.6
Actual (in %): 0.4
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: 1.3°C 10.0 / 10.0 7.5 2.5 7.5
Total 66.1 / 100.0 63.6 2.5 65.6


Available Data Sources

Reporting Year 2021 2021 2021 2021 2021 2020 2020 2020 2020 2020 2019 2019 2019 2019 2019 2019 2018 2018 2018 2018
Source NZPDU Yourstake Public Public Wikirate (NV) Public CDP NZPDU Public Wikirate (NV) Public CDP Public CDP NZPDU Wikirate (NV) Public CDP Wikirate (NV) NZPDU
Publication Year 2022 2022 2022 2022 2022 2022 2021 2021 2022 2021 2022 2021 2021 2020 2020 2020 2021 2020 2020 2019
Scope 1 662,438 662,438 662,438 654,460 NA 651,198 654,460 654,460 654,460 654,460 704,815 697,313 730,000 734,638 704,815 730,000 720,000 720,945 720,000 720,945
Scope 2 - location-based 502,139 502,139 502,139 517,540 1,172,000 515,329 551,577 551,577 551,577 NA 567,645 605,271 0 762,286 567,645 760,000 0 853,302 850,000 853,302
Scope 2 - market-based 519,558 519,558 519,558 517,540 NA 535,285 542,521 542,521 542,521 NA 577,268 571,557 760,000 634,205 577,268 NA 850,000 838,518 NA 838,518
Scope 1-2 - location-based 1,164,577 1,164,577 1,164,577 1,172,000 1,172,000 1,166,527 1,206,037 1,206,037 1,206,037 654,460 1,272,460 1,302,584 730,000 1,496,924 1,272,460 1,490,000 720,000 1,574,247 1,570,000 1,574,247
Scope 1-2 - market-based 1,181,996 1,181,996 1,181,996 1,172,000 NA 1,186,483 1,196,981 1,196,981 1,196,981 NA 1,282,083 1,268,870 1,490,000 1,368,843 1,282,083 NA 1,570,000 1,559,463 NA 1,559,463
Scope 3 4,754,878 4,754,879 4,040,355 701,600 0 3,059,534 3,818,220 3,818,220 3,818,220 0 4,639,761 0 0 5,708,509 5,500,425 0 0 0 1,562,024 3,680,555
Total - location-based 5,919,455 5,919,456 5,204,932 1,873,600 1,172,000 4,226,061 5,024,257 5,024,257 5,024,257 654,460 5,912,221 1,302,584 730,000 7,205,433 6,772,885 1,490,000 720,000 1,574,247 3,132,024 5,254,802
Total - market-based 5,666,936 5,936,875 5,222,351 1,873,600 NA 4,246,017 4,812,108 4,812,108 5,015,201 NA 5,921,844 1,268,870 1,490,000 6,824,443 6,529,599 NA 1,570,000 1,559,463 NA 4,974,238

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