Bristol Myers Squibb

"Bristol-Myers Squibb's net zero target is to achieve carbon neutrality by 2040. Net Zero Tracker
This target was included in a corporate policy or planning document and the current status was reached in 2021. Net Zero Tracker
An interesting fact about their environmental policy is that the company's leadership is formally accountable for delivery on its target. Net Zero Tracker
However, Bristol-Myers Squibb does not have a publicly available plan that lays out steps toward its target. Net Zero Tracker
In addition, you can check out the net-zero commitments and data for the relevant actors:"

Current Score (vs. LY)

40.7 pts (0.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #101

S&P100: #69

Health Care: #11

76.7%

Transparency

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

25.4%

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 1 204,271202,368218,186
Scope 2 - location-based NA167,717NA
Scope 2 - market-based 166,250122,623118,574
Scope 1-2 - location-based 204,271370,085218,186
Scope 1-2 - market-based 370,521 324,991 336,760
Scope 3 1,889,55410,360,065103,300
Total - location-based 2,093,82510,730,150321,486
Total - market-based 2,260,075 10,658,841 440,060

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 3,290,4593,306,142
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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

Bristol Myers Squibb 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 5.0 2015 2020

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 100.0 2020 2040

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2MKT NO 2040

Science-based Targets (SBTI)

Date Published / Updated :01/07/2024

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2033, 2028 Targets Set : 1.5°C by 2050 Yes by 2050
Bristol Myers Squibb is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target: Bristol Myers Squibb commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Bristol Myers Squibb (BMS) commits to reduce absolute scope 1 and 2 GHG emissions 54.6% by 2033 from a 2022 base year.* BMS also commits to reduce absolute scope 3 GHG emissions from fuel and energy related activities 54.6% within the same timeframe.* BMS further commits that 75% of its suppliers by emissions covering purchased goods and services, capital goods, and upstream transportation and distribution will have science-based targets by 2028.
*The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks.
Long-Term Targets: BMS commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2022 base year.* BMS also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.*
*The target boundary includes biogenic 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 Bristol-Myers Squibb 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

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 5.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 23.0 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 1.666666666666667 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 2.5 10.0 0.0
Commitments 10.166666666666668 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 40.7 100.0 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? partly 2.5 / 5.0 2.5 0.0 2.5
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 9.0
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? 2020 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? 2040 1.7 / 5.0 1.7 0.0 1.7
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? Committed NA 2.5 / 10.0 2.5 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 7.5
Total 40.7 / 100.0 40.7 0.0 39.2


Available Data Sources

Reporting Year 2021 2020 2020 2020 2019 2019 2019 2018
Source Public CDP Yourstake Public Public Public CDP Public
Publication Year 2022 2021 unknown 2021 2022 2021 2020 2021
Scope 1 204,271 202,368 202,368 165,340 218,186 172,930 189,194 203,710
Scope 2 - location-based NA 167,717 167,717 0 NA 0 122,295 0
Scope 2 - market-based 166,250 122,623 122,623 112,700 118,574 111,160 111,156 112,290
Scope 1-2 - location-based 204,271 370,085 370,085 165,340 218,186 172,930 311,489 203,710
Scope 1-2 - market-based 370,521 324,991 324,991 278,040 336,760 284,090 300,350 316,000
Scope 3 1,889,554 10,360,065 10,360,066 11,890 103,300 55,790 17,184,923 59,360
Total - location-based 2,093,825 10,730,150 10,730,151 177,230 321,486 228,720 17,496,412 263,070
Total - market-based 2,260,075 10,658,841 10,685,057 289,930 440,060 339,880 17,461,505 375,360

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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