"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 …"
Carbon emissions are estimated according to comparable years, intensity and sector
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
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
Abbott Laboratories belongs to the sector Health Care.
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.
Separate targets for emission reductions and removals
Conditions on use of offset credits
No conditions specified
Plans for carbon dioxide removal (CDR)
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".
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
Scope 3 emissions are fully reported and externally-verified
CDP score demonstrates the level of transparent disclosures
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
Net Zero targets demonstrate a high-level of emergency
Emission reduction targets on a forward-looking basis are ambitious