Merck And Co

Merck & Co., Inc. reported its latest carbon emissions data for 2024, with total Scope 1 emissions at approximately 721,200,000 kg CO2e. Market-based Scope 2 emissions were approximately 163,000,000 kg CO2e, while location-based Scope 2 emissions stood at approximately 323,800,000 kg CO2e. Scope 3 emissions totalled approximately 6,057,900,000 kg CO2e. Key contributors to Scope 3 emissions included purchased goods and services at around 4,743,200,000 kg CO2e, capital goods at approximately 281,700,000 kg CO2e, and upstream transportation and distribution at about 423,700,000 kg CO2e.

Looking back to 2023, the company's Scope 1 emissions were approximately 731,600,000 kg CO2e. Market-based Scope 2 emissions were about 170,100,000 kg CO2e, with location-based Scope 2 emissions at approximately 340,400,000 kg CO2e. Total Scope 3 emissions for 2023 were approximately 5,863,500,000 kg CO2e.

Merck & Co., Inc. has committed to several ambitious climate targets. The company aims to achieve net-zero greenhouse gas emissions across its global operations (Scopes 1, 2, and 3) by 2045, aligning with the Science Based Targets initiative (SBTi) guidelines. In the near-term, Merck & Co., Inc. has committed to reducing absolute Scope 1 and 2 GHG emissions by 46.2% by 2030, using a 2019 baseline. Furthermore, they plan to reduce absolute Scope 3 GHG emissions by 30% within the same timeframe, also from a 2019 baseline. The company is also committed to becoming carbon neutral across its operations (Scopes 1 and 2 GHG emissions) by 2025. As of 2023, the company reported a 12% reduction in Scope 1 and 2 emissions and a 4% decrease in Scope 3 emissions from their 2019 baseline.