RECORDATI Sustainability Profile
Recordati S.p.A., a prominent player in the pharmaceutical industry, is headquartered in Luxembourg (LU) and operates extensively across Europe, North America, and other global markets. Founded in 1926, Recordati has established itself as a leader in the development and marketing of innovative medicines, particularly in the fields of rare diseases and specialty pharmaceuticals. The company’s core offerings include a diverse range of prescription drugs, with a strong emphasis on treatments for rare diseases, urology, and cardiovascular conditions. Recordati's commitment to research and development sets it apart, enabling the introduction of unique therapies that address unmet medical needs. With a robust market position, Recordati has achieved significant milestones, including strategic acquisitions and partnerships that enhance its portfolio and global reach.
DitchCarbon Score
How does RECORDATI'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 Pharmaceutical Preparation Manufacturing 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
RECORDATI's score of 55 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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RECORDATI's reported carbon emissions
In 2024, Recordati reported total carbon emissions of approximately 346,511,000 kg CO2e, with Scope 1 emissions at about 37,280,000 kg CO2e, Scope 2 emissions (market-based) at approximately 1,714,000 kg CO2e, and significant Scope 3 emissions of about 307,517,000 kg CO2e. This data reflects a comprehensive approach to emissions reporting, including all three scopes. For 2023, the company recorded total emissions of about 230,168,220 kg CO2e, with Scope 1 emissions at approximately 36,607,000 kg CO2e and Scope 2 emissions (market-based) at around 1,789,000 kg CO2e. Notably, there was a reduction of about 3.1% in Scope 1 emissions and approximately 1.9% in Scope 2 emissions from 2022 to 2023. Recordati has set ambitious climate commitments, aiming for a 30% reduction in both Scope 1 and Scope 2 emissions from a 2021 baseline by 2030. Additionally, the company has committed to achieving 100% renewable electricity for its production and packaging sites by 2025. Furthermore, under the Science Based Targets initiative (SBTi), Recordati aims to reduce Scope 1 and Scope 2 emissions by 42% by 2030 from a 2023 base year, while also measuring and reducing its Scope 3 emissions. The emissions data and targets are cascaded from its parent company, Recordati Industria Chimica e Farmaceutica S.p.A., ensuring alignment with broader corporate sustainability goals.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 27,785,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 10,302,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | 000,000,000 |
How Carbon Intensive is RECORDATI's Industry?
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RECORDATI's Scope 3 Categories Breakdown
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 63% of Scope 3 emissions.
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RECORDATI'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.
RECORDATI 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.
Frequently Asked Questions
Common questions about RECORDATI's sustainability data and climate commitments