Amgen Inc.

"Amgen Inc., a company based in the USA, has set a net zero target of achieving 100% carbon neutrality across Scope 1 and Scope 2 emissions by 2027. Net Zero Tracker
The company has not specified what gases are covered by its target. Net Zero Tracker
An interesting aspect of their environmental policy is that for operations where carbon emissions cannot be eliminated, Amgen supports additional projects that sequester or avoid greenhouse gas emissions. Net Zero Tracker
However, they had not purchased credits in 2019, according to their 2020 CDP report. Net Zero Tracker
In addition, you can check out …"

Current Score (vs. LY)

52.8 pts (0.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #60

S&P100: #41

Health Care: #9

85.0%

Transparency

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

49.6%

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 1 133,000138,957135,954
Scope 2 - location-based 156,000138,5290
Scope 2 - market-based 58,000136,036160,000
Scope 1-2 - location-based 289,000277,486135,954
Scope 1-2 - market-based 191,000 274,993 295,954
Scope 3 3,064,5002,763,7502,773,500
Total - location-based 3,353,5003,041,2362,909,454
Total - market-based 3,255,500 2,993,959 3,069,454

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 3,268,0263,255,500
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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

Amgen 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

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


Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 100.0 2019 2027

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2LOC NO 2027

Science-based Targets (SBTI)

Date Published / Updated :01/09/2022

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2027 No target No

Amgen commits to reduce absolute scope 1 and 2 GHG emissions 55% by 2027 from a 2019 base year. Amgen also commits to increase annual sourcing of renewable electricity from 29% in 2019 to 100% by 2027, to continue annually sourcing of 100% renewable electricity through 2030. Amgen further commits that 73% of its suppliers by spend covering upstream purchased goods and services and capital goods will have science- based targets by 2027.

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 Amgen 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: “For operations in which carbon emissions cannot be eliminated, Amgen supports additional environmental and sustainability projects that sequester or avoid greenhouse gas emissions” https://www.amgen.com/responsibility/environmental-sustainability/performance/targets Had not purchased credits in 2019 (according to 2020 cdp report)

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 6.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 3.833333333333333 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 19.833333333333332 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 7.5 10.0 0.0
Results 7.5 30.0 0.0
Total 52.8 100.0 0.0


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? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2027 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? 2027 3.8 / 5.0 3.8 0.0 3.8
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?
0.0 / 5.0 0.0 0.0 0.0
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 0.0
Criteria 8 : Results based on scope 1 - 2
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 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 5.0
Total 52.8 / 100.0 52.8 0.0 40.3


Available Data Sources

Reporting Year 2021 2021 2020 2020 2019 2019 2018
Source Public Yourstake CDP Public Public CDP Public
Publication Year 2022 2022 2021 2021 2021 2020 2021
Scope 1 133,000 133,000 138,957 139,100 135,954 135,954 160,184
Scope 2 - location-based 156,000 NA 138,529 0 0 173,922 0
Scope 2 - market-based 58,000 58,000 136,036 136,000 160,000 160,360 160,000
Scope 1-2 - location-based 289,000 133,000 277,486 139,100 135,954 309,876 160,184
Scope 1-2 - market-based 191,000 191,000 274,993 275,100 295,954 296,314 320,184
Scope 3 3,064,500 3,064,000 2,763,750 2,626,600 2,773,500 2,829,355 2,855,400
Total - location-based 3,353,500 3,197,000 3,041,236 2,765,700 2,909,454 3,139,231 3,015,584
Total - market-based 3,255,500 3,255,000 2,993,959 2,901,700 3,069,454 3,073,115 3,175,584

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

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