Thermo Fisher Scientific

Thermo Fisher Scientific's reported carbon emissions

Thermo Fisher Scientific, a leader in analytical laboratory instrument manufacturing based in the US, has reported significant progress and ambitious targets for reducing its carbon footprint. For the reporting year 2024, the company's total emissions reached approximately 8.96 billion kg CO2e. This figure is a comprehensive sum of Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions for 2024 amounted to approximately 315.8 million kg CO2e, primarily from stationary and mobile combustion, alongside fugitive emissions. Scope 2 emissions, calculated on a market-based approach, were approximately 241.1 million kg CO2e. The largest portion of Thermo Fisher Scientific's emissions comes from Scope 3, totalling approximately 8.4 billion kg CO2e in 2024. The most substantial contributors within Scope 3 were purchased goods and services (approximately 4.9 billion kg CO2e) and upstream transportation and distribution (approximately 1.1 billion kg CO2e), followed by the use of sold products (approximately 1.5 billion kg CO2e). Looking back, in 2023, the company reported total emissions of approximately 10.15 billion kg CO2e, with Scope 1 at about 330 million kg CO2e, Scope 2 at approximately 256.8 million kg CO2e, and Scope 3 at around 9.56 billion kg CO2e. Thermo Fisher Scientific has established a clear roadmap for climate action, aiming to achieve net-zero emissions by 2050. This long-term goal is supported by near-term commitments. The company has set a target to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 50.4% by 2030, using 2018 as the baseline year. Furthermore, they aim to have 90% of their suppliers, by spend, covering purchased goods and services, capital goods, and upstream transportation and distribution, set science-based targets by 2027. For Scope 3 emissions, the commitment is to reduce them by 90% by 2050, from a 2021 baseline. The company is also actively working towards increasing its use of renewable electricity globally, with a target of 80% by 2030. These ambitious goals are aligned with the Paris Agreement and the 1.5°C warming pathway, and have been validated by the Science Based Targets initiative (SBTi).