Thermo Fisher Scientific Inc.
Climate Impact & Sustainability Data (2020, 2023)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:513,900 tCO2e (Scope 1 & 2)
Scope 1 Emissions:199,885 tCO2e
Scope 2 Emissions:310,526 tCO2e
Scope 3 Emissions:11,034,540 tCO2e
Carbon Intensity:15,902 tCO2e/USD total revenue (Scope 1 & 2)
ESG Focus Areas
- Operations
- Colleagues
- Communities
- Environment
Environmental Achievements
- Converted more than 95% of cold storage refrigerants to eco-friendly alternatives
- Reduced energy consumption of cold storage portfolio by 50% by 2020
- 32 sites working toward zero waste (100% diversion from landfill)
- Reduced water intensity by 35% compared to 2019 (revenue-adjusted)
Social Achievements
- Launched the Just Project, providing free COVID-19 testing to HBCUs and surrounding communities
- Donated $25 million in diagnostic instruments, test kits, and supplies to support HBCUs
- Increased investment in small and diverse businesses to $1.3B+
- 47% of global colleagues are women
- 40% of global leadership hires are women
- 47.2% of positions filled internally
Governance Achievements
- Annual Company-wide Compliance and Ethics week
- Annual review, certification, and training on Code of Business Conduct and Ethics for all colleagues
- PPI productivity savings of $428M
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero carbon emissions by 2050
Short-term Goals:
- Reduce Scope 1 and Scope 2 greenhouse gas emissions by 30% by 2030
Environmental Challenges
- Increased Scope 1 and Scope 2 emissions due to business growth in response to COVID-19
- Increased water consumption due to COVID-19 response
- Challenges in creating community impact through in-person volunteering due to the pandemic
Mitigation Strategies
- Curbed further increases in carbon footprint through renewable electricity projects
- Developed systems for water reuse and recycling at sites
- Adapted traditional outreach programs for the virtual environment and pursued new opportunities for safe engagement with communities
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Supply chain risk management program
- EcoVadis platform for supplier assessment
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Changes in precipitation patterns
Transition Risks
- Increased cost of raw materials
- Regulatory changes
Opportunities
- Development of energy-efficient products
- Use of lower-emission energy sources
Reporting Standards
Frameworks Used: GRI, CDP, SASB, TCFD, UNGC, SDGs
Certifications: ISO 9001, ISO 13485, ISO 17025, ISO 14001, cGMP, ENERGY STAR™
UN Sustainable Development Goals
- SDG 3: Good Health and Well-being
- SDG 4: Quality Education
- SDG 8: Decent Work and Economic Growth
- SDG 13: Climate Action
Company's products and services contribute to these goals through research, diagnostics, therapeutics, STEM education, and environmental stewardship initiatives.
Sustainable Products & Innovation
- Thermo Scientific™ Labtainer™ Pro BioProcess Containers
- Thermo Scientific™ Nunc™ Edge™ 2.0 96-Well Plates
- Thermo Scientific™ Nalgene™ Sustain bottles
Awards & Recognition
- Fortune World’s Most Admired Companies
- Newsweek America’s Most Responsible Companies
- Great Place to Work Best Place to Work
- Disability:IN Best Place to Work for Disability Inclusion
- Human Rights Campaign Best Place to Work for LGBTQ Equality
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:217,587 tCO2e
Scope 1 Emissions:25,350 tCO2e
Scope 2 Emissions:2,987 tCO2e
Scope 3 Emissions:189,250 tCO2e
Renewable Energy Share:87%
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
Environmental Achievements
- Reduced Scope 1 and 2 GHG emissions; Accelerated the adoption of renewable electricity via utility contracts – shifting our consumed electricity from 0% to 87% renewable between 2018 and 2023; 20 UK sites were powered by 100% renewable electricity in 2023; Certified four UK sites as zero waste, meaning less than 10% of non-hazardous waste to landfill, incineration, or waste-to-energy; Conducted energy assessments at several UK facilities and completed four energy efficiency measures; Developed a net-zero building design guide for new building construction and major site renovations; Installed 20 electric charging stations for employee use at UK sites
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Reach net-zero greenhouse gas emissions across the value chain by 2050 from a 2018 base year; Reduce absolute Scope 1 and 2 GHG emissions 90% by 2050 from a 2018 base year; Reduce absolute Scope 3 GHG emissions 90% by 2050 from a 2021 base year
Medium-term Goals:
- Reduce absolute Scope 1 and 2 GHG emissions 50.4% by 2030 from a 2018 base year; Use 80% renewable electricity globally by 2030; 90% of its suppliers by spend covering purchased goods and services, capital goods, and upstream transportation and distribution will have science-based targets by 2027
Short-term Goals:
- Reduce greenhouse gas emissions associated with our UK operations to 178,054 tCO2e by 2029
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Continuing our transition away from fossil fuels and high impact refrigerants, including use of heat pumps; Continuing energy reduction projects from opportunities identified through energy assessments; Actively pursuing power purchasing agreements; Accelerating the installation of onsite solar; Optimizing transport of goods
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GHG Protocol, Science Based Targets initiative (SBTi)
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed