Merck & Co.

"Merck & Co., a company based in the USA, has set a net zero target to achieve carbon neutrality for its scope 1 and 2 emissions by 2025. Net Zero Tracker
Additionally, the company aims to reduce its operational greenhouse gas (GHG) emissions (scope 1 and 2) by 46% and scope 3 emissions by 30% by 2030, from a 2019 baseline. Net Zero Tracker
An interesting fact about their environmental policy is that they have a publicly available plan detailing steps towards their target, including measures for all emission scopes covered by the target. Net Zero Tracker
In addition, you …"

Current Score (vs. LY)

60.7 pts (-3.2)

Last Update: Dec. 12, 2023

Current Rankings

Global: #41

S&P100: #26

Health Care: #6

85.0%

Transparency

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

50.4%

Commitments

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

50.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 115,0001,706,000341,000
Scope 2 - location-based 38,000NANA
Scope 2 - market-based NA322,000280,000
Scope 1-2 - location-based 153,0001,706,000341,000
Scope 1-2 - market-based NA 2,028,000 621,000
Scope 3 5,716,0005,030,000339,000
Total - location-based 5,869,0006,736,000680,000
Total - market-based NA 7,058,000 960,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 7,016,1615,869,000
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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

Merck & Co. 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 40.0 2015 2025
S3 30.0 2019 2030
S1S2MKT 46.0 2019 2030

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

Scope Scope 3 Coverage Target Year Comments
S1S2MKT NO 2025

Science-based Targets (SBTI)

Date Published / Updated :01/09/2021

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 No target Yes
Merck & Co. is a member of the Business Ambition for 1.5 campaign (link here )

Merck & Co., Inc., Kenilworth, NJ, U.S.A., which is known as MSD outside the U.S. and Canada commits to reduce absolute scope 1 and scope 2 GHG emissions 46% by 2030 from a 2019 base year*. Merck & Co., Inc., also commits to reduce absolute scope 3 GHG emissions 30% within the same timeframe. *The target boundary includes biogenic 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 Merck & Co 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) Yes (unspecified)

Additional notes: We seek to achieve carbon neutrality in our operations with ongoing innovation to increase energy efficiency, applying sustainable building standards and continuing to transition away from fossil fuel use. Remaining Scope 1 emissions will be balanced each year by investing in high-quality carbon offsets, including carbon removal offsets. https://www.merck.com/wp-content/uploads/sites/124/2023/08/Merck-Impact-Report-22-23.pdf (page 101)

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 -4.0
5 Net Zero targets demonstrate a high-level of emergency 4.166666666666667 10.0 0.8
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 20.166666666666668 40.0 -3.2
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 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 15.0 30.0 0.0
Total 60.7 100.0 -3.2


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 0.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 4.0 -4.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2025 4.2 / 5.0 1.7 2.5 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 1.7 -1.7 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? -165.3
0.0 / 5.0 0.0 0.0 2.4
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 %): 24.0
Actual (in %): 92.1
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
Forward-looking reduction could not be calculated
 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 7.5
Total 60.7 / 100.0 63.8 -3.2 48.4


Available Data Sources

Reporting Year 2021 2021 2020 2020 2019 2019 2019 2019 2018
Source Public Yourstake Public CDP Public CDP Public Wikirate Public
Publication Year 2022 2022 2022 2021 2022 2020 2021 unknown 2021
Scope 1 115,000 695,700 1,706,000 738,400 341,000 755,340 755,340 755,340 796,820
Scope 2 - location-based 38,000 374,200 NA 392,400 NA 413,550 413,550 316,630 428,770
Scope 2 - market-based NA 230,000 322,000 255,400 280,000 316,630 316,630 NA 394,240
Scope 1-2 - location-based 153,000 1,069,900 1,706,000 1,130,800 341,000 1,168,890 1,168,890 1,071,970 1,225,590
Scope 1-2 - market-based NA 925,700 2,028,000 993,800 621,000 1,071,970 1,071,970 NA 1,191,060
Scope 3 5,716,000 6,958,900 5,030,000 7,103,450 339,000 6,965,600 6,965,600 6,965,600 6,239,800
Total - location-based 5,869,000 8,028,800 6,736,000 8,234,250 680,000 8,134,490 8,134,490 8,037,570 7,465,390
Total - market-based NA 7,884,600 7,058,000 7,894,000 960,000 7,796,870 8,037,570 NA 7,430,860

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

© Vincent Manier - September 2021 About us . Keep in touch . Blog