Biogen Inc.

"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 …"

Current Score (vs. LY)

63.7 pts (0.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #30

S&P500: #19

Health Care: #5

93.3%

Transparency

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

64.3%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

33.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 63,18257,55367,447
Scope 2 - location-based 34,26236,95337,712
Scope 2 - market-based 268183106
Scope 1-2 - location-based 97,44494,506105,159
Scope 1-2 - market-based 63,450 57,736 67,553
Scope 3 406,459348,9110
Total - location-based 503,903443,417105,159
Total - market-based 458,118 397,892 67,553

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 415,390458,118
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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

Biogen 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 55.00000000000001 2019 2032
S1S2MKT 100.0 2019 2040

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


Net Zero Policy

The company has a net zero policy : every year, carbon emissions will be balanced with carbon offsets, on scope emissions.


Science-based Targets (SBTI)

Date Published / Updated :01/11/2023

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2032, 2025 Targets Set : 1.5°C by 2045 Yes by 2045
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.

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 Biogen by zerotracker.net: Sept. 13, 2024
Planning to use external offset credits Yes
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

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 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 4.735460992907802 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 25.735460992907804 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 0.0
Results 10.0 30.0 0.0
Total 63.7 100.0 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? full 5.0 / 5.0 5.0 0.0 5.0
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? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2030 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? Net Zero Policy 5.0 / 5.0 5.0 0.0 5.0
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? 4.7
4.7 / 5.0 4.7 0.0 3.9
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 %): 8.5
Actual (in %): 6.1
0.0 / 5.0 0.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 4.7
Actual (in %): -9.9
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: 1.3°C 10.0 / 10.0 10.0 0.0 10.0
Total 63.7 / 100.0 63.7 0.0 72.9


Available Data Sources

Reporting Year 2021 2021 2020 2020 2020 2019 2019 2019 2019 2018 2018
Source NZPDU Public CDP NZPDU Public CDP CDP NZPDU Public NZPDU Public
Publication Year 2022 2022 2021 2021 2021 2021 2020 2020 2021 2019 2021
Scope 1 63,182 63,182 57,553 57,553 57,553 67,447 67,031 67,447 67,447 68,448 68,448
Scope 2 - location-based 34,262 34,262 36,953 36,953 36,953 37,712 36,802 37,712 37,712 37,347 37,347
Scope 2 - market-based 268 268 183 280 183 106 106 131 106 61 61
Scope 1-2 - location-based 97,444 97,444 94,506 94,506 94,506 105,159 103,833 105,159 105,159 105,795 105,795
Scope 1-2 - market-based 63,450 63,450 57,736 57,833 57,736 67,553 67,137 67,578 67,553 68,509 68,509
Scope 3 406,459 406,459 348,911 348,385 348,911 0 424,537 424,592 424,592 436,353 436,353
Total - location-based 503,903 503,903 443,417 442,891 443,417 105,159 528,370 529,751 529,751 542,148 542,148
Total - market-based 458,118 469,909 397,892 397,463 406,647 67,553 481,159 481,600 492,145 493,814 504,862

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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