"Eli Lilly & Co. has set a net zero target to become carbon neutral by 2030. Net Zero Tracker This target covers only carbon dioxide and includes scope 1 and scope 2 emissions, but not scope 3 or historical emissions. Net Zero Tracker The company's strategy is to reduce emissions as much as possible internally before considering offsets. Net Zero Tracker From 2020 to 2022, they achieved a 23% absolute emissions reduction and a 13% year-on-year reduction from 2021. Net Zero Tracker An interesting fact about their environmental policy is that they plan to source 100% of their purchased electricity …"
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
Separate targets for emission reductions and removals
Conditions on use of offset credits
Plans for carbon dioxide removal (CDR)
Additional notes: Lilly does not currently partake in offsetting but does outline that it believes it will be a necessary part of their strategy to reach net zero by 2030. It maintains that its primary goal is to reduce emissions and replace carbon-intensive sources with clean energy sources.
Sourced from: https://web.archive.org/web/20230905051857/https://www.esg.lilly.com/environmental/climate
Sourced from: https://web.archive.org/web/20230905051659/https://www.esg.lilly.com/environmental
Lilly does have a strategy in place to purchase carbon offsets if needed - "purchasing certificates from climate protection projects with recognized quality standards." However, they did not purchase any carbon offsets in fiscal year 2022 based on a decision-making process that is "based on the remaining emissions that cannot be eliminated" for a given year.
Sourced from: https://www.esg.lilly.com/environmental/climate
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