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Thermo Fisher taking a step towards sustainability revised Emissions Reduction Targets

Updated: Dec 23, 2022

Thermo Fisher Scientific, a company that makes solutions for healthcare and life sciences, said that it has raised its interim greenhouse gas emissions goal. Instead of aiming to cut Scope 1 and 2 operating emissions by 30% by 2030, it now wants to cut them by more than 50% by 2030.

Thermo Fisher set its first Scope 1 and 2 goals in 2019, and the company said that it was on track to meet its goal because it had made a lot of progress toward those goals. This allowed the company to set its new goal.

The announcement comes after Thermo Fisher's promise from the year before to have net-zero carbon emissions across its entire value chain by 2050. Scope 3 emissions were also added to Thermo Fisher's climate commitments.

The company talked about some of the most important things it is doing to reach its climate goals, like moving away from fossil fuels by putting renewable electricity into its buildings more quickly. The company recently said that it had reached an agreement with Enel to get 50 percent of its electricity needs in the U.S. from renewable energy. The company has also promised to work with 90 percent of its suppliers by 2027 to set science-based goals for reducing its Scope 3 emissions.

The CEO of Thermo Fisher, Marc N. Casper, stated:

"Our net-zero goal shows that Thermo Fisher as a whole is committed to protecting the environment." "The fact that we were able to meet intermediate goals in a shorter amount of time is a testament to the hard work of our team members and the investments that are the foundation of our ongoing climate strategy."

Thermo Fisher says that the new 50% reduction goal will meet its commitment to the Business Ambition to 1.5 C campaign and connect with the Paris Agreement's climate strategy to reach reduction targets within the 1.5 C pathway. Thermo Fisher has also submitted their goals for approval to the Science-Based Targets Initiative.

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