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 63 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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. This represents a notable decrease from 2022, when total emissions were about 976,442,000 kg CO2e, with Scope 1 at 3,104,000 kg CO2e, Scope 2 at 6,017,000 kg CO2e, and Scope 3 at 961,305,000 kg CO2e. Parexel has set ambitious climate commitments, aiming to reduce absolute Scope 1 GHG emissions by 42% by 2030, using 2022 as the base year. Additionally, the company plans to reduce absolute Scope 3 GHG emissions by 25% by the same year. Furthermore, Parexel is committed to sourcing 100% renewable electricity annually through 2030. These targets align with the Science Based Targets initiative (SBTi) and are designed to support global efforts to limit warming to 1.5°C. Overall, Parexel's proactive approach to reducing its carbon footprint reflects its commitment to sustainability within the pharmaceuticals, biotechnology, and life sciences sector, with a long-term goal of achieving net-zero emissions by 2050 across all scopes.
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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 | 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 participating in some of the initiatives that 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.
