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Pfizer has long recognized the risks posed by global climate change, such as more severe weather events and potential adverse impacts on human health.
We believe industry, government and the public all have a responsibility to address this evolving challenge. As a precautionary step, Pfizer has taken significant voluntary actions to reduce its own greenhouse gas (GHG) emissions and is transparent in how we are helping mitigate climate change and its impact.
- Read Our Climate Change Position Statement
- Learn more about Pfizer’s first-ever Sustainability Bond Framework (PDF)
- Learn more about Sustainalytics’ Second Opinion of Pfizer’s Sustainability Bond Framework
In particular, we aim to:
- Fulfill our responsibilities under the UN Global Compact “Caring for Climate” initiative of which Pfizer is a signatory.
- Achieve our 2020 public GHG emissions goal of reducing greenhouse gas emissions by 20% compared to a 2012 baseline.
Notable actions we're undertaking to meet our climate change commitments include:
- Identifying the operating risks and business opportunities presented by a changing global climate.
- Reaffirming publicly our commitment under “Caring for Climate”.
- Effectively managing financial implications and opportunities in a carbon-constrained world.
- Better understanding our carbon footprint across the value chain.
- Improving scope 3 emission estimates and reducing them.
Recent performance achievements include:
- Met our first GHG reduction goal by decreasing emissions more than 35% adjusted to revenue (2000 to 2007) – equivalent to 20% absolute reduction.
- Achieved our second GHG reduction goal a year early decreasing emissions more than 20% on an absolute basis (2008-2012).
- Installation of a 2 megawatt wind turbine at our Puurs, Belgium facility that feeds 10% of the site’s electrical load, with another scheduled to go live this year.
- Construction of solar panel installations at several Pfizer sites (Italy: Aprilia, Ascoli, Catania; U.S.: Groton, CT and La Jolla, CA; Puerto Rico: Guayama and Vega Baja).
- Sustainable energy accreditation for our Toluca, Spain (LEED Gold) and our Dubai, UAE (SEED) administrative office buildings.
Notable actions we're undertaking to meet our energy goals include:
- Promoting leadership at sites in energy management and environmental stewardship;
- Assessing renewable energy projects and implementing them where they are viable;
- Increasing colleague awareness and engagement by instilling a culture of innovation, ownership and conservation; and
- Undertaking energy assessments across our global network.
These actions have improved operational efficiency, reduced our energy expenditures, enhanced colleague skills, decreased cost of goods, and contributed to Pfizer's reputation as a responsible corporate citizen.