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The Pfizer Climate Change and Energy Program: Environmental Leadership in Climate Change

Fossil fuels like oil, gas, and coal are a limited, non-renewable natural resource that we rely on to meet most of our energy needs. Growing scientific evidence suggests that greenhouse gases (GHG), which include carbon dioxide (CO₂) emissions from burning fossil fuels, contribute to global climate change. As an environmental leader, Pfizer has had a company standard requiring the conservation of energy and reduction of GHG since 1993. We seek to minimize the cost and operational restrictions arising from a carbon constrained environment, reduce GHG emissions, adapt to the changes of a warming global climate, and ensure rigorous compliance with all applicable laws.

Goals and Commitments:

• To meet 35 percent of our electricity needs by 2010 through the use of "cleaner" energy technologies, such as co-generation.
• To reduce CO₂ emissions by 35 percent per million dollars of sales by 2007 from baseline year 2000.
• To reduce the impacts of our nearly 38,000 automobiles worldwide.
• To effectively manage the financial implications and opportunities associated with the energy reductions gleaned from our conservation and clean energy projects.
• To identify the operating risks and business opportunities presented by a changing global climate.

Programs and Actions:

• Demand Side Management Program: Reducing energy use by implementing company-wide energy conservation guidelines, goals and programs, tracking and reporting energy use and GHG emissions, and monitoring progress.

• Pfizer Global Energy Team: Coordinating, supporting and implementing business level climate change and energy goals.
• Supply Side Energy Program: Reducing GHG emissions by developing guidelines and tools to procure clean energy, supporting facility clean energy projects (e.g., co-generation, photovoltaic cell use), and monitoring progress.
• U.S. Environmental Protection Agency’s Climate Leaders Program: Partnering with other leaders to reduce GHG emissions. In 2002, Pfizer became a Charter member of this program, an industry partnership with the USEPA that works with companies to develop long-term, comprehensive climate change strategies.

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• Company-wide Commitment: Quantifying and evaluating total annual energy use worldwide to identify energy conservation opportunities and develop and implement conservation targets and actions.
• Support for the Pfizer Fleet Management organization’s efforts to reduce our automobile impact: Supporting programs such as a pilot project utilizing alternative fueled and hybrid vehicles, a partnership with fuel providers to support green energy projects, and the development of a monitoring system to measure program effectiveness.
• Efforts to manage financial implications and opportunities: Piloting programs to secure and preserve carbon credits (e.g., Energy Efficiency Credits, Renewable Energy Credits) in preparation for emissions trading programs.
• Efforts to identify operating risks and business opportunities: Planning for the operational risks presented from rising ocean levels, severe storm events, and water availability and evaluating our role in the response to the implications of changing disease patterns associated with a changing global climate.
• Partnerships with Stakeholders: Collaborating with external stakeholders to ensure that energy and climate change policy is premised on sound science and targeted towards achieving workable solutions.

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