Baxter

Baxter's Climate Commitments and Emissions Performance

Baxter, a prominent player in the Surgical and Medical Instrument Manufacturing industry, headquartered in the US, is actively engaged in reducing its environmental impact. The company has set ambitious targets to achieve carbon neutrality and decrease greenhouse gas (GHG) emissions across its operations.

Latest Emissions Data:

In 2024, Baxter reported total global GHG emissions of approximately 4.3 billion kg CO2e. This figure encompasses:

• Scope 1 emissions: Approximately 324 million kg CO2e, primarily from stationary combustion.
• Scope 2 emissions (market-based): Approximately 177 million kg CO2e, relating to purchased electricity.
• Scope 3 emissions: Approximately 3.8 billion kg CO2e, with purchased goods and services being the largest contributor, followed by upstream transportation and distribution.

In 2023, Baxter's total global emissions were approximately 4.1 billion kg CO2e. This included Scope 1 emissions of approximately 359 million kg CO2e and Scope 2 emissions (market-based) of approximately 220 million kg CO2e. Scope 3 emissions totalled approximately 3.5 billion kg CO2e.

Key Climate Commitments and Reduction Targets:

Baxter has established several key climate commitments:

• Net-Zero by 2050: The company aims to achieve net-zero GHG emissions across Scope 1 and Scope 2 by 2050.
• Carbon Neutrality for Direct Operations by 2040: Baxter plans to achieve carbon neutrality for its direct operations by 2040.
• 25% Absolute Reduction by 2030: The company has committed to reducing absolute Scope 1 and 2 GHG emissions by 25% by 2030, compared to a 2020 baseline. This target is aligned with a well-below 2° Celsius science-based trajectory.
• Carbon Neutrality at Specific Sites: Baxter has maintained carbon neutrality at its headquarters in Deerfield, Illinois, US, and its manufacturing facility in Cartago, Costa Rica, since 2007, utilising renewable energy and carbon credits.

Historical Emissions Trend:

Baxter has been reporting its emissions data for several years. In 2022, total global emissions were approximately 4.4 billion kg CO2e. Prior to that, in 2021, total emissions were approximately 3.8 billion kg CO2e, and in 2020, they stood at approximately 6.1 billion kg CO2e. Earlier reporting from 2019 showed total emissions of approximately 5.6 billion kg CO2e, and in 2018, approximately 5.2 billion kg CO2e. Baxter has demonstrated a commitment to reducing emissions intensity relative to revenue over the long term, with a historical target to reduce GHG emissions by 45% indexed to revenue by 2015 from a 2005 baseline. The company exceeded its 2010 target for a 20% reduction indexed to revenue, achieving a 29% reduction.