AbbVie Inc.

"AbbVie Inc., a company based in the USA, has set a net zero target for 2050. Net Zero Tracker
This commitment is part of their Carbon Reduction Plan. Net Zero Tracker
An interesting aspect of their environmental policy is their commitment to the Science Based Targets initiative (SBTi) in 2021. Net Zero Tracker
They aim to set ambitious science-based emissions reduction targets to support limiting global temperature rise to no more than 1.5°C above pre-industrial levels, aligning with the Paris Climate Agreement and the 2018 Intergovernmental Panel on Climate Change. Net Zero Tracker
In addition, you can check out the …"

Current Score (vs. LY)

38.5 pts (2.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #109

S&P100: #74

Health Care: #14

43.3%

Transparency

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

45.0%

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 1 367,954264,791315,000
Scope 2 - location-based 330,946312,743308,000
Scope 2 - market-based 256,708243,470250,000
Scope 1-2 - location-based 698,900577,534623,000
Scope 1-2 - market-based 624,662 508,261 565,000
Scope 3 01,168,9880
Total - location-based 698,9001,746,522623,000
Total - market-based 624,662 1,677,249 565,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 4,138,0234,006,148
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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

AbbVie 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
S1S2MKT 25.0 2015 2025
S1S2MKT 50.0 2015 2035

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 :01/04/2023

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

AbbVie commits to reduce absolute scope 1 and 2 GHG emissions 42.0% by 2030 from a 2021 base year*. AbbVie also commits to increase active sourcing of renewable electricity from 29.5% in 2021 to 100.0% by 2030. AbbVie further commits that 79.1% of its suppliers by emissions covering purchased goods and services, capital goods, and upstream transportation and distribution, will have science-based targets by 2027. * 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 AbbVie by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Not Specified
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: Very little provided on sinks and credits. Carbon Reduction Plan 2022: "In 2022/23 we hope to implement further measures such as...Investigating the purchase of quality carbon offsets starting in 2040" Text Citation: /web/20230525024119/https://www.abbvie.co.uk/content/dam/abbvie-dotcom/gb/documents/Carbon%20Reduction%20Plan.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 5.0 10.0 -5.0
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 13.0 30.0 -5.0
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 5.0 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 7.5
Commitments 18.0 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 7.5 10.0 0.0
Results 7.5 30.0 0.0
Total 38.5 100.0 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? NC 0.0/ 5.0 5.0 -5.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 0.0 0.0 0.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 0.0 0.0 0.0
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? 2025 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? 5.0
5.0 / 5.0 5.0 0.0 0.4
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 1.5°C 10.0 / 10.0 2.5 7.5 2.5
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 15.0
Actual (in %): 6.1
0.0 / 5.0 0.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 5.0
Actual (in %): -22.9
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: 1.6°C 7.5 / 10.0 7.5 0.0 7.5
Total 38.5 / 100.0 36.0 2.5 41.4


Available Data Sources

Reporting Year 2021 2021 2021 2020 2020 2020 2019 2019 2019 2018 2018
Source Public Yourstake NZPDU CDP NZPDU Public Public CDP NZPDU Public NZPDU
Publication Year 2022 2023 2022 2021 2021 2021 2021 2020 2020 2021 2019
Scope 1 367,954 367,954 367,954 264,791 264,791 265,000 315,000 314,421 314,421 314,000 311,433
Scope 2 - location-based 330,946 330,946 330,946 312,743 312,743 313,000 308,000 308,204 308,204 0 319,136
Scope 2 - market-based 256,708 256,708 256,708 243,470 243,470 243,000 250,000 249,777 249,777 271,000 270,738
Scope 1-2 - location-based 698,900 698,900 698,900 577,534 577,534 578,000 623,000 622,625 622,625 314,000 630,569
Scope 1-2 - market-based 624,662 624,662 624,662 508,261 508,261 508,000 565,000 564,198 564,198 585,000 582,171
Scope 3 0 0 8,544,661 1,168,988 1,168,988 0 0 1,334,209 1,334,209 0 1,048,565
Total - location-based 698,900 698,900 9,243,561 1,746,522 1,746,522 578,000 623,000 1,956,834 1,956,834 314,000 1,679,134
Total - market-based 624,662 624,662 8,922,423 1,677,249 1,677,249 508,000 565,000 1,898,407 1,898,407 585,000 1,630,736

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