GHG Emissions, Commercial, Sourcing Renewables - July 17, 2023
Bio-Rad Laboratories Increases RE to 10%
Bio-Rad Laboratories, Inc., a global leader in life science research and clinical diagnostic products, sourced over 10% of all electricity consumed by U.S. operations from on-site renewables, an 8% increase compared to fiscal year 2021.
The company also increased on-site renewable energy generation in the U.S. by approximately 3 million kWh compared to 2021 level, lowered total Scope 2 emissions by 3% year-over-year, initiated a global labeling and packaging program to manage sustainable packaging projects and started tracking supplier-related spend with small businesses, which accounted for 23% of total supplier spend in 2022.
Details were released in its corporate sustainability report for fiscal year ended December 31, 2022.
The report was prepared with reference to the Global Reporting Initiative (GRI) 2021 Standards and in alignment with the Sustainability Accounting Standards Board (SASB). It provides an update on Bio-Rad’s progress toward achieving its long-term sustainability targets including carbon emissions, operational energy and sustainable packaging.
“During 2022, we expanded our corporate sustainability reporting and disclosures in alignment with SASB guidelines,” said Norman Schwartz, Bio-Rad’s Chief Executive Officer in a statement. “While we made meaningful progress on some of our long-term sustainability goals, we see room for continued improvement in other areas. We remain committed to advancing our sustainability goals during the remainder of 2023 and beyond.”
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