Abbott
Abbott Laboratories, commonly known as Abbott, is a leading global healthcare company headquartered in the United States. Founded in 1888, Abbott has established a strong presence in various operational regions, including North America, Europe, and Asia. The company operates primarily in the medical devices, diagnostics, nutrition, and pharmaceuticals sectors. Abbott is renowned for its innovative products, such as the FreeStyle Libre glucose monitoring system and Similac infant formula, which set industry standards for quality and effectiveness. With a commitment to advancing health and well-being, Abbott has achieved significant milestones, including the rapid development of COVID-19 testing solutions. As a market leader, Abbott consistently ranks among the top healthcare companies worldwide, recognised for its dedication to research and development, and its ability to deliver cutting-edge solutions that improve patient outcomes.
DitchCarbon Score
How does Abbott's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Medical Device Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Abbott's score of 57 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Abbott's reported carbon emissions
In 2023, Abbott Laboratories reported significant carbon emissions, totalling approximately 917,000,000 kg CO2e globally. This figure includes 510,000,000 kg CO2e from Scope 1 emissions and 407,000,000 kg CO2e from Scope 2 emissions. The company has set ambitious targets to reduce its absolute Scope 1 and 2 emissions by 30% by 2030, using 2018 as the baseline year. This commitment aligns with the Science Based Targets initiative (SBTi) and aims to contribute to limiting global warming to well below 2°C. In the United States, Abbott's emissions for 2023 were reported at approximately 411,000,000 kg CO2e, with 207,000,000 kg CO2e from Scope 1 and 204,000,000 kg CO2e from Scope 2. The company is actively pursuing strategies to achieve its reduction targets, which include enhancing operational energy efficiency, purchasing renewable energy, and electrifying industrial processes. Abbott's commitment to sustainability extends to its supply chain, with a goal for 82% of its suppliers by emissions to have science-based targets by 2026. Additionally, Abbott Laboratories Ltd., a UK subsidiary, has pledged to achieve net-zero emissions by 2050, further demonstrating its dedication to addressing climate change. Overall, Abbott's climate commitments reflect a robust approach to reducing carbon emissions and promoting sustainability across its operations and supply chain.
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| 2010 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 578,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 691,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Abbott is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
