Iqvia Sustainability Profile
IQVIA, formerly known as Quintiles IMS, is a leading global provider of advanced analytics, technology solutions, and contract research services for the healthcare industry. Headquartered in the United States, IQVIA operates extensively across North America, Europe, and Asia, delivering insights that drive healthcare innovation. Founded in 2016 through the merger of Quintiles and IMS Health, IQVIA has quickly established itself as a pivotal player in the life sciences sector. The company offers a unique blend of data analytics, real-world evidence, and technology solutions, enabling clients to navigate the complexities of drug development and market access. With a strong market position, IQVIA is recognised for its comprehensive suite of services, including clinical trial management, commercialisation support, and data-driven insights. Its commitment to leveraging cutting-edge technology and deep industry expertise has earned it numerous accolades, solidifying its reputation as a trusted partner in the healthcare ecosystem.
DitchCarbon Score
How does Iqvia'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 Health Services 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
Iqvia's score of 66 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Iqvia's reported carbon emissions
In 2023, IQVIA reported total greenhouse gas emissions of approximately 526,198,000 kg CO2e. This includes 8,221,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 28,714,000 kg CO2e from Scope 2 emissions, which encompass purchased electricity and heat. The majority of their emissions, about 481,928,000 kg CO2e, fall under Scope 3, which includes categories such as purchased goods and services, business travel, and upstream transportation. IQVIA has set ambitious climate commitments, aiming for a 90% reduction in absolute Scope 1, 2, and 3 emissions by 2050, using a 2019 baseline. Additionally, they target a 55.1% reduction in Scope 1 and 2 emissions by 2030. These targets have been verified by the Science Based Targets initiative (SBTi) and are aligned with the goal of limiting global warming to 1.5°C. The company also commits to reducing Scope 3 emissions from business travel by 55% per full-time equivalent (FTE) within the same timeframe and aims for 70% of its suppliers to have science-based targets by 2027. These initiatives reflect IQVIA's dedication to sustainability and its proactive approach to addressing climate change.
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| 2012 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 43,577,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 48,394,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 45,222,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Iqvia's Industry?
How Carbon Intensive is Iqvia's Location?
Iqvia's Scope 3 Categories Breakdown
Iqvia's Scope 3 emissions, which increased by 14% last year and increased by approximately 966% since 2012, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 57% of Scope 3 emissions.
Top Scope 3 Categories
Iqvia's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Iqvia has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
