Thermo Fisher Scientific

"Thermo Fisher Scientific has committed to achieving net-zero carbon emissions by 2050. Net Zero Tracker
This target covers carbon dioxide and other greenhouse gases, and includes scope 1 and scope 2 emissions. Net Zero Tracker
The company has also set an interim target to reduce its emissions by 30% relative to 2020 emissions by 2030. Net Zero Tracker
An interesting fact about Thermo Fisher Scientific's environmental policy is that it does not plan to use carbon removal within its target boundary. Net Zero Tracker
In addition, you can check out the net-zero commitments and data for the relevant actors:"

Current Score (vs. LY)

55.5 pts (12.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #52

S&P100: #35

Health Care: #8

68.3%

Transparency

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

62.5%

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 1 298,043199,885280,407
Scope 2 - location-based 365,356310,526339,090
Scope 2 - market-based 314,972NA408,555
Scope 1-2 - location-based 663,399510,411619,497
Scope 1-2 - market-based 613,015 NA 688,962
Scope 3 11,702,92411,034,5400
Total - location-based 12,366,32311,544,951619,497
Total - market-based 12,185,446 NA 688,962

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 3,201,35412,185,446
Methodology Pre-calculated sector 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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

Thermo Fisher Scientific 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
S1S2LOC 30.0 2018 2030

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2050

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3LOC FULL 2050

Science-based Targets (SBTI)

Date Published / Updated :01/04/2023

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 Targets Set : 1.5°C by 2050 Yes by 2050
Thermo Fisher Scientific is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target Thermo Fisher Scientific Inc. commits to reach net-zero greenhouse gas emissions across the value chain by 2050 from a 2018 base year. Near-Term Targets Thermo Fisher Scientific commits to reduce absolute scope 1 and 2 GHG emissions 50.4% by 2030 from a 2018 base year. Thermo Fisher also commits that 90% of its suppliers by spend covering purchased goods and services, capital goods, and upstream transportation and distribution will have science-based targets by 2027. Long-Term Targets Thermo Fisher commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2018 base year. Thermo Fisher also commits to reduce absolute scope 3 GHG emissions 90% by 2050 from a 2021 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 Thermo Fisher Scientific by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits No
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) No

Additional notes: The data summary (page 66) presented in the 2023 CSR Report details that carbon offsets and credits are not considered in the reported emission values in line with the Net-Zero Standard of the Science Based Targets initiative, which approved the company's interim target and end target (page 51). https://web.archive.org/web/20240822004530/https://corporate.thermofisher.com/content/dam/tfcorpsite/documents/corporate-social-responsibility/annual-reports/2023-CSR-Report.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 2.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 20.5 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 5.0 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 7.5
Commitments 25.0 40.0 7.5
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 5.0
Results 10.0 30.0 5.0
Total 55.5 100.0 12.5


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? NC 0.0 / 5.0 0.0 0.0 0.0
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 6.0
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? yes 4.0 / 4.0 4.0 0.0 4.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 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? 5.4
5.0 / 5.0 5.0 0.0 3.3
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 2.5 7.5 2.5
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 7.5
Actual (in %): -35.9
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 5.4
Actual (in %): -30.0
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: 1.4°C 10.0 / 10.0 5.0 5.0 5.0
Total 55.5 / 100.0 43.0 12.5 39.3


Available Data Sources

Reporting Year 2021 2021 2021 2020 2020 2019 2019 2018 2018
Source NZPDU Public Yourstake CDP NZPDU NZPDU Public Public NZPDU
Publication Year 2022 2022 2022 2021 2021 2022 2021 2021 2019
Scope 1 298,043 298,043 298,043 199,885 278,993 280,407 161,065 155,257 283,161
Scope 2 - location-based 365,356 365,356 365,356 310,526 345,364 339,090 311,689 332,949 373,648
Scope 2 - market-based 314,972 314,972 314,972 NA 334,885 408,555 0 0 416,195
Scope 1-2 - location-based 663,399 663,399 663,399 510,411 624,357 619,497 472,754 488,206 656,809
Scope 1-2 - market-based 613,015 613,015 613,015 NA 613,878 688,962 NA NA 699,356
Scope 3 11,702,924 11,232,116 11,232,116 11,034,540 8,741,436 0 0 0 211,984
Total - location-based 12,366,323 11,895,515 11,895,515 11,544,951 9,365,793 619,497 472,754 488,206 868,793
Total - market-based 12,185,446 11,845,131 11,845,131 NA 9,264,902 688,962 NA NA 911,340

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