Meeting Our Environmental Sustainability Goals
Our focus and passion for environmental sustainability means that, for the second year running, we have met our intended 2020 goals for GHG emissions, waste reductions and water conservation. Since these goals were set in 2012, we have continued on our Green Journey and globally implemented over 900 sustainability projects, more than 100 of which were completed in 2018, delivering more than $5 million in savings annually. During this time, we have heightened the attention and awareness of Pfizer colleagues and partner organizations (e.g., our suppliers) to the difference each can make, working individually and collectively. In working to meet our goals we have also reduced costs and engaged colleagues on our Green Journey, which will not slow down. We are proud that since 2000, we have achieved an overall 60 percent reduction in GHG emissions. We'll continue implementing emission and resource reduction projects, while also expecting fluctuations in our environmental sustainability performance due to business changes in 2019 and 2020. To align with the strategic objectives of our three new business units in 2019, Pfizer is committed to developing new goals based on the latest science. We also recognize that stakeholders and investors have certain expectations for existing programs and our ability to manage business risks associated with a changing climate. In 2019, we will begin incorporating the Task Force on Climate-related Financial Disclosures (TCFD) framework into our business risk methodology, to build on work that's already started and evaluate physical and transitional risks associated with climate change.
We are making deliberate and steady progress in achieving our 2020 Supply Chain Environmental Sustainability Goals. In 2019, we will look for more opportunities to accelerate progress, while working with the Pharmaceutical Supply Chain Initiative (PSCI) to collectively drive more sustainability improvements.