Climate Change Data

Thermo Fisher Scientific Inc.

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:11,845,131 tCO2e/year (Scope 1+2+3)
Scope 1 Emissions:298,043 tCO2e/year
Scope 2 Emissions:314,972 tCO2e/year (market based)
Scope 3 Emissions:11,232,116 tCO2e/year
Renewable Energy Share:10% of total energy use
Total Energy Consumption:2,549,319 MWh/year
Water Consumption:5.1 million m3/year
Waste Generated:80,087 tons/year (nonhazardous)

ESG Focus Areas

  • Operations
  • Colleagues
  • Communities
  • Environment

Environmental Achievements

  • Achieved a 12% reduction in absolute Scope 1 and 2 emissions compared to the 2018 baseline.
  • 22% of global electricity came from renewable sources (69% increase over the prior year).
  • More than 60 Thermo Fisher sites achieved 100% renewable electricity.
  • Launched a 100% recyclable paper cooler, eliminating approximately 650,000 cubic feet of EPS foam.

Social Achievements

  • Increased representation of women in executive management roles by 7.2% from 2017 to 2021 (globally).
  • Increased US representation of racially and ethnically diverse colleagues by 6.2% from 2017 to 2021.
  • Supported more than 100,000 students through STEM programs.
  • Committed $25 million in impact investments to support racial equity.

Governance Achievements

  • Published a Sustainable Financing Framework and issued a €550 million sustainability bond.
  • Actively manages Board composition and refreshment to increase diversity.
  • Maintains strong corporate governance framework with annual director elections, majority voting, and robust shareholder engagement.

Climate Goals & Targets

Long-term Goals:
  • By 2050, achieve net-zero emissions
Short-term Goals:
  • By 2030, reduce Scope 1 and 2 emissions by 30% from 2018 baseline
  • By 2027, 90% of suppliers (by spend) will set science-based targets

Environmental Challenges

  • Supply chain disruptions
  • Climate-related risks (extreme weather events)
  • Scope 3 emissions (90% of GHG emissions from value chain).
Mitigation Strategies
  • Developed alternative sourcing strategies.
  • Implemented site-specific mitigation plans for extreme weather events.
  • Established a near-term Scope 3 target to engage suppliers in setting science-based targets by 2027.

Supply Chain Management

Supplier Audits: 31% of direct materials spend assessed for supplier responsibility (EcoVadis)

Responsible Procurement
  • Supplier Code of Conduct
  • EcoVadis platform for supplier assessment
  • Supplier Diversity Program

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Changes in precipitation patterns
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Renewable energy procurement

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards for Medical Equipment and Devices, TCFD, UN Sustainable Development Goals

Certifications: ISO 9001, ISO 13485, ENERGY STAR, ACT label

Third-party Assurance: Bureau Veritas (for select environmental performance metrics)

UN Sustainable Development Goals

  • Goal 3
  • Goal 4
  • Goal 8
  • Goal 9
  • Goal 10
  • Goal 13

See Appendix 1

Sustainable Products & Innovation

  • 100% recyclable paper cooler
  • ENERGY STAR-certified products
  • ACT-labeled products

Awards & Recognition

  • Forbes’ World’s Top Female-Friendly Companies
  • Human Rights Campaign’s 100% ranking for LGBTQ+ workplace equality
  • Fortune’s World’s Most Admired Companies
  • Gartner’s Social Impact of the Year Award

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:13,174,881 tCO2e/year
Scope 1 Emissions:351,834 tCO2e/year
Scope 2 Emissions:254,395 tCO2e/year
Scope 3 Emissions:12,568,651 tCO2e/year
Renewable Energy Share:36%
Total Energy Consumption:2,840,226 MWh/year
Water Consumption:19.8 million m3/year
Waste Generated:Not disclosed
Carbon Intensity:13.5 tCO2e/M$USD revenue (Scope 1+2), 293 tCO2e/M$USD revenue (value chain)

ESG Focus Areas

  • Operations
  • Colleagues
  • Communities
  • Environment

Environmental Achievements

  • Reduced greenhouse gas emissions from operations by 25% since 2018
  • Increased goal to reduce Scope 1 and Scope 2 emissions by 50% by 2030 (validated by SBTi)
  • More than 150 sites fully powered by renewable energy
  • All current US sites will operate on 100% renewable electricity by 2026
  • Reduced 5,000 MTCO2e by shifting one of the largest freight lanes from air to ocean transport

Social Achievements

  • Colleagues volunteered more than 120,000 hours
  • Donated nearly $6 million to critical causes globally
  • Launched a new employee assistance program (EAP) focused on mental health
  • Pay equity study conducted
  • 500 HBCU alumni hired since 2020 (surpassing 2023 goal)

Governance Achievements

  • Board of Directors oversees CSR strategy
  • Revised Corporate Governance Guidelines to highlight role in CSR oversight
  • 99% ethics and compliance training completion rate

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • Reduce Scope 1 and Scope 2 emissions by 50% by 2030
  • 90% of suppliers (by spend) to set science-based targets by 2027
Short-term Goals:
  • Assess water usage for water-intensive manufacturing facilities in water-scarce areas by 2024
  • 30 zero-waste certified manufacturing and warehouse sites by 2025

Environmental Challenges

  • Supply chain disruptions
  • Inflation
  • Increased demand for mental health services
  • Climate change impacts (extreme weather events)
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Special inflation payments to colleagues
  • Expanded covered mental health visits and implemented Behavioral Health Navigator platform
  • Site-specific mitigation plans to manage extreme weather risks

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct
  • EcoVadis platform for monitoring compliance
  • Supplier Diversity program

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Changes in precipitation patterns
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Transition to renewable energy

Reporting Standards

Frameworks Used: GRI Standards (2021), SASB Standards for Medical Equipment and Devices, TCFD, UN Sustainable Development Goals (SDGs), UN Global Compact

Certifications: ISO 14001, ISO 27001, ISO 9001, ISO 13485

Third-party Assurance: Bureau Veritas

UN Sustainable Development Goals

  • Goal 3
  • Goal 4
  • Goal 7
  • Goal 9
  • Goal 10
  • Goal 13
  • Goal 17

Detailed explanation provided in Appendix 1

Sustainable Products & Innovation

  • Paper cooler
  • Invitrogen Platinum Direct PCR Universal Master Mix
  • Thermo Scientific DynaSpin Single-Use Centrifuge

Awards & Recognition

  • Human Rights Campaign’s Corporate Equality Index
  • Disability:IN’s Disability Equality Index
  • Forbes World’s Top Female-Friendly Companies
  • America’s Best Employers for Veterans
  • Best Places to Work for Disability Inclusion
  • R&D 100 Award

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:11,880,924 tCO2e/year
Scope 1 Emissions:331,463 tCO2e/year
Scope 2 Emissions:229,110 tCO2e/year
Scope 3 Emissions:11,320,351 tCO2e/year
Renewable Energy Share:19%
Total Energy Consumption:2,822,734 MWh/year
Water Consumption:7.5 million m3/year
Waste Generated:84,603 tons/year
Carbon Intensity:13.1 tCO2e/M USD revenue (Scope 1 and 2)

ESG Focus Areas

  • Innovation
  • Diversity and inclusion
  • Climate change
  • Product safety and quality
  • Talent management
  • Community engagement and development

Environmental Achievements

  • Reduced Scope 1 and Scope 2 emissions by more than 29% lower than the 2018 baseline.
  • Sourced 41% of global electricity from renewable energy.
  • Entered into an agreement to power over half of Thermo Fisher’s European footprint with 100% renewable energy by 2025.
  • Established a new commitment to achieve 80% renewable electricity utilization globally by 2030.
  • Increased certified zero-waste sites from 14 to 20.
  • Achieved a company-wide non-hazardous recycling rate of 56%.

Social Achievements

  • Collectively volunteered more than 100,000 hours to support communities around the world.
  • Launched the Thermo Fisher Scientific Junior Innovators Challenge, reaching more than 60,000 students.
  • Established new collaborations with health and humanitarian organizations like the National Quality Minority Forum and Project HOPE.
  • Improved diversity in clinical trials through training programs, partnerships, and community health clinic support.
  • Launched the Digital Leadership Development program.

Governance Achievements

  • Enhanced executive oversight of priority CSR matters with new leadership committees for human rights, supply chain due diligence, and artificial intelligence.
  • Established a Generative AI Center of Excellence and three new Communities of Practice for specialized areas of environmental, health and safety.
  • Updated Supplier Code of Conduct to align with new supply chain due diligence laws and regulations.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • Achieve 80% renewable electricity globally by 2030
  • Reduce Scope 1 & 2 emissions by 50% from 2018 base year by 2030
  • Have 90% of suppliers (by spend) set science-based targets by 2027
Short-term Goals:
  • Assess water usage for water-intensive manufacturing facilities in water-scarce areas by 2024
  • Achieve 30 certified zero-waste manufacturing and warehouse sites by 2025

Environmental Challenges

  • Supply chain disruptions
  • Climate-related risks (coastal flooding, wildfires, water stress, extreme temperatures)
  • Transition risks (regulatory changes, market shifts)
  • Maintaining traceability within the distribution chain
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Implemented various measures to prevent and minimize potential damage to equipment and facilities (improved sprinkler system protection, earthquake bracing, and emergency response planning)
  • Conducted climate scenario analysis to deepen understanding of risks
  • Expanded supply chain due diligence program to incorporate suppliers with greater inherent risk
  • Implemented a new global EHS Data Management System to standardize reporting and management of EHS incidents and obligations.

Supply Chain Management

Supplier Audits: 57% of direct materials spend assessed for ESG performance in 2023

Responsible Procurement
  • Supplier Code of Conduct
  • Supplier diversity program
  • Traceability due diligence for responsible sourcing of 3TG
  • On-site audits to investigate human rights concerns

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Changes in precipitation patterns
  • Increased severity and frequency of extreme weather events
  • Changes in precipitation patterns and extreme variability in weather patterns
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Transitioning to a low-carbon economy

Reporting Standards

Frameworks Used: GRI Standards (2021), SASB Standards for Medical Equipment and Devices (2023), TCFD recommendations, UN Sustainable Development Goals (SDGs), UN Global Compact principles (UNGCs)

Certifications: ISO 14001, ISO 9001, ISO 13485, ISO 27001, ENERGY STAR

Third-party Assurance: Third-party auditor (details available on website)

UN Sustainable Development Goals

  • Goal 3
  • Goal 4
  • Goal 5
  • Goal 7
  • Goal 8
  • Goal 9
  • Goal 10
  • Goal 12
  • Goal 13
  • Goal 17

Initiatives across the company contribute to these goals (detailed in Appendix 2).

Sustainable Products & Innovation

  • Invitrogen™ DynaGreen™ magnetic beads
  • Thermo Scientific™ TDE Series Freezers
  • Thermo Scientific™ Vanquish™ HPLC and UHPLC Systems
  • Thermo Scientific™ DynaDrive™ Single-Use Bioreactor

Awards & Recognition

  • World’s Most Admired Companies
  • America’s Most Innovative Companies
  • America’s Most Responsible Companies
  • Best Inventions of 2023
  • R&D 100 Award
  • ROL100 Indiggo / Fortune
  • World’s Best Employers
  • America's Best Employers for Diversity
  • America’s Best Employers for New Grads
  • America’s Best Employers for Veterans
  • America’s Best Employers for Women
  • America’s Best Large Employers
  • Best Place to Work for Disability Inclusion
  • Best Place to Work for LGBTQ+ Equality
  • World’s Top Companies for Women
  • World’s Top Female-Friendly Companies
  • Sustainable Business & Enterprise Roundtable award for Outstanding Leader of 2023