Incyte
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:15,429 tCO2e/year (location-based); 10,216 tCO2e/year (market-based)
Scope 1 Emissions:9,351 tCO2e/year
Scope 2 Emissions:6,079 tCO2e/year (location-based); 865 tCO2e/year (market-based)
Scope 3 Emissions:12,924 tCO2e/year
Renewable Energy Share:80% of leased and owned square footage
Total Energy Consumption:168,396 GJ/year
Water Consumption:146 megaliters/year
Waste Generated:1,107 tons/year
Carbon Intensity:2.8 Emissions/$1M revenue in 2023
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Achieved carbon neutrality for Scope 1 and Scope 2 emissions from 2019 through 2022.
- Developed a global greenhouse gas mitigation and reduction plan to achieve operational carbon neutrality by 2025.
- Building 1815 received Green Globes Certification.
Social Achievements
- Recognized as a Top Employer by Science Magazine and a Most Loved Workplace by Newsweek in 2023.
- Over 860 employees used their paid volunteer day to contribute to local causes.
- Incyte Charitable Giving Foundation made donations totaling over $1 million to local causes.
- Assisted approximately 180,000 patients through U.S. patient support and copay assistance programs.
- 34% of global employees volunteered in their local communities.
Governance Achievements
- Tied 3% of annual cash incentive bonus program to three specific ESG targets (diversity, volunteer program, greenhouse gas mitigation plan).
- Board of Directors recognized as a 2023 Champion of Board Diversity by the Forum of Executive Women.
- 100% of employees completed ethics and compliance training.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Achieve operational carbon neutrality by 2025
- Complete transition of Sales Fleet to hybrid and electric vehicles by 2025
Short-term Goals:
- Reduce U.S. Buildings’ water consumption by 10% versus 2023
- Decrease paper usage globally by 15% over 2023
Environmental Challenges
- Supply chain disruptions due to climate events and geopolitical factors.
- Increased cost of carbon and energy.
- Increased stakeholder concern regarding sustainability.
- Rising mean temperatures impacting productivity and energy consumption.
- Increased frequency and severity of flooding and wildfires.
Mitigation Strategies
- Established safety stock and business continuity plans.
- Investing in renewable energy and energy efficiency.
- Regular stakeholder engagement and transparent reporting.
- Implementing site mitigation measures to reduce risk of damage from extreme weather.
- Developing a global greenhouse gas mitigation and reduction plan.
Supply Chain Management
Supplier Audits: Annual audits for high-risk suppliers, biennial for medium-risk, triennial for low-risk.
Responsible Procurement
- Code of Business Conduct and Ethics
- Supplier Diversity Inclusion and Engagement process
Climate-Related Risks & Opportunities
Physical Risks
- Flooding
- Wildfires
- Rising mean temperatures
- Water stress
Transition Risks
- Enhanced reporting obligations
- Increased cost of carbon
- Mandates on existing products
- Increased stakeholder concern
- Market disruptions
- Increased cost of energy
- Cost to transition to low-carbon technology
Opportunities
- Use of lower-emission energy sources
- Resource efficiency and site rationalization
Reporting Standards
Frameworks Used: SASB, TCFD, UN SDGs
Certifications: Green Globes
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 3: Good Health and Well-being
Our business contributes to SDG 3 through the discovery and development of novel medicines.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- #2 among 2023 Top Employers by Science Magazine
- #21 on Newsweek’s Top 100 Global Most Loved Workplaces
- America’s Greenest Companies by Newsweek
- Humankind 100 Company
- 100 Sustainability Champions List by Forbes Italy
- 2023 Emerging Company of the Year by CHIA
- Heroes of Chemistry by the American Chemical Society