GHG Emissions, Industrial, Solar, Sourcing Renewables - June 5, 2024
Zoetis Decreases Emissions by 19%, Adds RE
Zoetis Inc., an animal health company, reduced its Scope 1 and 2 emissions by 18.9% through operating changes and by making several investments since 2021.
The company expanded its renewable energy portfolio — which includes multiple utility programs and seven photovoltaic solar arrays installed at key manufacturing and R&D sites — and signed two virtual power purchase agreements (VPPAs) that are due to come online within the next two years.
Zoetis reported 32.6% renewable electricity was sourced by the end of 2023, which is aligned with its RE100 commitment. More than one-third of the company’s manufacturing sites operate with 100% renewable electricity.
The company also completed 38 energy efficiency and other carbon reduction projects at key sites in 2023 and increased hybrid and electric vehicles to represent 12.1% and 3.1%, respectively, of its total vehicle fleet.
Details were published in its 2023 Sustainability Report “Advancing Sustainability in Animal Health for a Better Future.” The report includes the company’s Sustainability Accounting Standards Board (SASB) and ESG Index, which provides relevant performance indicators including those identified by SASB for the healthcare – biotechnology and pharmaceuticals industry. The Index also includes Zoetis’ commitment to disclosing progress aligned with the Taskforce on Climate-related Financial Disclosure (TCFD) and a link to the 2023 CDP Climate Change Questionnaire.
“Our sustainability aspirations are an extension of our purpose at Zoetis, and we continue to make significant progress by embedding our sustainability strategy across our business as we build a healthier future for our communities, animals and the planet we share,” said Jeannette Ferran Astorga, Executive Vice President, Corporate Affairs, Communications and Chief Sustainability Officer at Zoetis and President of the Zoetis Foundation, in a statement. “Animal health has emerged as a clear climate solution with the Food & Agriculture Organization identifying measures — including genetics, vaccinations and improved access to veterinary care — which can ultimately improve health and productivity of animals and reduce global livestock greenhouse gas emissions.”
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