Parexel
Parexel International Corporation, commonly known as Parexel, is a leading global biopharmaceutical services provider headquartered in the United States. Founded in 1983, the company has established a strong presence in key operational regions, including Europe and Asia, delivering innovative solutions across the clinical research and regulatory consulting sectors. Specialising in drug development and regulatory affairs, Parexel offers a comprehensive suite of services that includes clinical trial management, biostatistics, and market access strategies. What sets Parexel apart is its commitment to advancing the development of new therapies while ensuring compliance with regulatory standards. With a robust market position, Parexel has achieved numerous milestones, including recognition for its excellence in clinical research. The company continues to play a pivotal role in the biopharmaceutical industry, helping clients navigate the complexities of bringing new drugs to market efficiently and effectively.
DitchCarbon Score
How does Parexel'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 Research 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
Parexel's score of 56 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Parexel's reported carbon emissions
In 2023, Parexel International Corporation reported total carbon emissions of approximately 298,365,000 kg CO2e. This figure includes 2,924,000 kg CO2e from Scope 1 emissions, 6,943,000 kg CO2e from Scope 2 emissions, and a significant 288,498,000 kg CO2e from Scope 3 emissions. Over the years, Parexel has demonstrated a commitment to reducing its carbon footprint. The company has set ambitious targets to achieve a 42% reduction in absolute Scope 1 greenhouse gas emissions by 2030, using 2022 as the base year. Additionally, it aims to reduce Scope 3 emissions by 25% within the same timeframe. Parexel is also committed to sourcing 100% renewable electricity annually through 2030. These initiatives align with the Science Based Targets initiative (SBTi), under which Parexel has committed to long-term net-zero goals across all scopes by 2050. The company’s proactive approach reflects its dedication to sustainability within the pharmaceuticals, biotechnology, and life sciences sector, positioning it as a responsible leader in climate action.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 15,510,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 11,632,000 | 00,000,000 | 0,000,000 | - | 0,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 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.
Parexel is committed to some reduction initiatives 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.
