Astra Zeneca

AstraZeneca's commitment to climate action includes significant emissions reduction targets and a comprehensive strategy to achieve net-zero. The pharmaceutical manufacturer aims for a 98% absolute reduction in Scope 1 and 2 greenhouse gas (GHG) emissions by 2026, using a 2015 baseline. This near-term goal is part of a broader ambition to achieve net-zero emissions across its entire value chain by 2045.

For Scope 3 emissions, AstraZeneca has set targets for significant reductions, including a 50% absolute reduction by 2030 and a 90% absolute reduction by 2045, both from a 2019 baseline. Specific Scope 3 categories also have defined reduction targets, such as an 80% reduction for fuel and energy-related activities, upstream leased assets, and downstream leased assets by 2030. Additionally, the company is working towards having 95% of its suppliers by spend for purchased goods, services, and capital goods, and 50% for upstream transportation and distribution, and business travel, set their own science-based targets by 2025.

In terms of recent emissions performance, AstraZeneca reported Scope 1 emissions of approximately 180,898,000 kg CO2e for 2023 and 125,386,000 kg CO2e for 2024. For 2022, Scope 1 emissions were approximately 237,703,000 kg CO2e, and market-based Scope 2 emissions were approximately 18,491,000 kg CO2e. In 2021, Scope 1 emissions were approximately 239,468,000 kg CO2e, market-based Scope 2 emissions were about 21,135,000 kg CO2e, and total Scope 3 emissions were approximately 5,925,850,000 kg CO2e. The company also reported approximately 5,689,936,000 kg CO2e for Scope 3 emissions in 2020 and approximately 5,681,194,000 kg CO2e in 2019.

AstraZeneca is actively pursuing initiatives such as transitioning to 100% renewable electricity globally by 2025 and aims for a 100% electric road fleet by the same year. They are also developing next-generation propellants for inhaled medicines with near-zero global warming potential, significantly lower than current propellants. The company's "Ambition Zero Carbon" strategy underpins these efforts, focusing on decarbonising operations and supply chains to decouple carbon emissions from revenue growth.