Amgen Inc.
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:155,000 MT CO2Eq
Renewable Energy Share:79%
Total Energy Consumption:3,193,000 GJ
Water Consumption:2,238,000 CM
Waste Generated:10,289 MT
ESG Focus Areas
- Environmental Sustainability
- Diversity, Inclusion & Belonging
- Access to Medicines
- Health Equity
- Corporate Governance
- Business Ethics
- Ethical Research
- Patient Safety & Product Quality
- Cybersecurity & Data Privacy
- Responsible Sourcing
- Community Investment
- Human Capital Management
Environmental Achievements
- Achieved 79% renewable energy share in total electricity consumption (up from 41% in 2020)
- Reduced carbon emissions by 36% from 2020
- Exceeded goals for carbon, water, and waste reductions in 2021
- Announced aspiration to achieve net-zero carbon emissions in operations by 2027, along with 40% reduction in water use and 75% reduction in waste disposed
- Issued its first-ever green bond, raising $750 million to support environmental sustainability aspirations
Social Achievements
- Provided approximately $2.2 billion of Amgen medicines at no cost to uninsured or underinsured patients in the U.S.
- Provided 900,000 daily doses of medicines at no cost in over 20 low- and middle-income countries
- Amgen Foundation supported science education programs reaching over 27 million students and educators worldwide
- Amgen Foundation provided $3 million to support racial and social justice initiatives
- Continued efforts to improve workforce diversity
- Provided additional mental health resources to support employees
- Increased ERG membership by 41%
- Launched a mentoring program for high-performing women of color
Governance Achievements
- Diverse and independent Board of Directors
- Included ESG performance in Company goals under annual incentive compensation plan
- Zero Class 1 or 2 product recalls
- 100% of employees trained on the Code of Conduct
Climate Goals & Targets
Short-term Goals:
- Achieve carbon neutrality for Amgen-owned and operated facilities and operations by 2027
- Reduce water consumption by 40% from a 2019 baseline by 2027
- Reduce waste disposed by 75% from a 2019 baseline by 2027
- Convert 30% of sales fleet vehicles to electric vehicles by 2027
Environmental Challenges
- COVID-19 pandemic impacting employee health and safety, clinical trials, and supply chain
- Underrepresentation of racial and ethnic minority patients in clinical trials
- Barriers to access to medicines and healthcare
- Climate change and its impact on lung health
- Cybersecurity threats
Mitigation Strategies
- Implemented additional safety measures at manufacturing and research sites
- Provided additional mental health resources and flexible work arrangements
- Supported clinical sites and ensured continued supply of medicines
- Developed a dedicated COVID-19 vaccine internal webpage and education materials
- Implemented a vaccination requirement for U.S. staff
- Invested in programs to increase diversity and representation in clinical trials
- Partnered with organizations to expand access to medicines and healthcare
- Sponsored reports on the impact of COVID-19 on cancer diagnosis in Europe
- Collaborated with organizations to address climate change and lung health
- Implemented a robust enterprise-wide cybersecurity program
Supply Chain Management
Supplier Audits: ~70% of total supplier spend
Responsible Procurement
- Supplier Code of Conduct
- Supplier Sustainability Program
- Participation in Pharmaceutical Supply Chain Initiative
- Supplier diversity program
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products and processes
Reporting Standards
Frameworks Used: Biopharma Investor ESG Communications Guidance, SASB, TCFD, UN Global Compact, UN Sustainable Development Goals
UN Sustainable Development Goals
- Goal 3: Good Health and Well-being
- Goal 4: Quality Education
- Goal 8: Decent Work and Economic Growth
- Goal 9: Industry, Innovation and Infrastructure
- Goal 13: Climate Action
Sustainable Products & Innovation
- FleXBatch manufacturing technology
Awards & Recognition
- Fortune World’s Best Workplaces (#8)
- Newsweek’s America’s Most Responsible Companies
- Barron’s 100 Most Sustainable Companies
- Dow Jones Sustainability Indices World Index
- Just 100 List
- THQSE Silver Medal