Teva Pharmaceutical Industries Ltd
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:498,641 tCO2e/year (Scope 1 & 2 in 2022)
Renewable Energy Share:41% of total energy use (2022)
Water Consumption:1,338 ML/year (Areas projected to be in water stress in 2022)
Waste Generated:111,194 metric tons/year (2022)
ESG Focus Areas
- Climate Action and Resilience
- Responsible Use of Natural Resources
- Effluents and Waste
- Pharmaceuticals in the Environment
- Access to Health and Medicines
- Inclusion and Diversity
- Talent Recruitment, Development and Retention
- Employee Engagement
- Employee Health, Safety and Well-being
- Economic Impact
- Human Rights
- Ethics and Transparency in Clinical Trials
- Corporate Governance
- Compliance and Ethics
- Responsible Lobbying
- Sustainable Procurement
- Quality Manufacturing and Patient Safety
- Data Privacy and Security
Environmental Achievements
- 24% reduction in absolute scope 1 and 2 GHG emissions (vs. 2019)
- 12% reduction in absolute scope 3 GHG emissions (vs. 2020)
- Achieved 10% increase in energy efficiency by revenue (kWh/USD revenue) by 2030 (vs. 2020)
- Increased total proportion of electricity purchased or generated from renewable sources by 8% (vs. 2021) to 41%
- Achieved 17% reduction in total water withdrawal in areas projected to be in water stress by 2030 (vs. 2020)
- 32% reduction in total waste generated (vs. 2020) and 3% increase in proportion of waste recovered (vs. 2020)
Social Achievements
- 5 access to medicines programs launched (63% of 8 access programs /2025 target)
- 533.7M units (worth $699.6M) of medicines donated to patients in need
- 90% of critical positions filled internally, 60% of which were filled by identified successors
- $44B in savings from Teva’s generic medicines across 21 countries
- 210 clinical trials conducted for generic and innovative medicines
- 21 new regulatory submissions in low- and middle-income countries (LMICs) (28% of 75 submissions/2025 target)
- 72.6 score on Bloomberg Gender-Equality Index (vs. 52.7 in 2021)
- Improved employee safety performance: 50% reduction in process safety event rate (vs. 2021)
- 80% reduction in total recordable incident rate over the last 10 years
- 71% of employees feel engaged and connected to Teva
- 82% employee satisfaction with Teva’s inclusion and diversity practices
Governance Achievements
- 100% of employees trained on compliance policies
- 50% of critical suppliers assessed on ESG performance (56% of 2025 goal)
- 140+ strategic suppliers attended first ESG webinar
- 12% of procurement spend in the US allocated to small and diverse businesses
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2050 (implied)
Medium-term Goals:
- Reduce absolute scope 1 and 2 GHG emissions by 46% by 2030 (vs. 2019)
- Reduce absolute scope 3 GHG emissions by 25% by 2030 (vs. 2020)
- Increase total proportion of electricity purchased or generated from renewable sources to 50% by 2030
- Reduce total water withdrawal by 10% in areas projected to be in water stress by 2030 (vs. 2020)
- Launch eight access programs by 2025
Short-term Goals:
- Reduce absolute scope 1 and 2 GHG emissions by 25% by 2025 (vs. 2019)
- Train 100% of active employees on applicable Teva compliance policies by 2023
- Assess 100% of critical suppliers on ESG performance by 2025
Environmental Challenges
- Supply chain disruptions
- Counterfeit medicines
- Opioid crisis
- AMR
- Climate change impacts
- Water stress in some operating areas
- Maintaining ethical and compliant business practices
- Data privacy and security threats
Mitigation Strategies
- Developed alternative sourcing strategies
- Implemented technologies and systems to identify and mitigate suspected counterfeits
- Finalized terms of proposed nationwide opioid settlement
- Minimizing antimicrobial discharges by assessing Teva sites and supply chain
- Established decarbonization plan, including energy efficiency, renewable energy, and network optimization
- Formalized water conservation programs in water-stressed areas
- Robust compliance program with risk-based training, third-party screening, and monitoring dashboards
- ISO 27001 certification, cybersecurity trainings, and incident response mechanisms
Supply Chain Management
Supplier Audits: 56% of critical suppliers assessed by EcoVadis in 2022; 6 PSCI audits conducted.
Responsible Procurement
- Supplier Code of Conduct
- ESG criteria integrated into RFPs
- Supplier ESG Toolkit
- Annual webinars for suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC
Certifications: ISO 14001, ISO 27001
Third-party Assurance: DNV
Awards & Recognition
- 2022 Adam Smith Award for Best Sustainable Treasury Solution
- Largest Sustainability-Linked Bond of the Year (2021) by Climate Bonds Awards
- A- rating from CDP for climate change (2022)
- B score from CDP for water security (2022)
- 72.6 score on Bloomberg Gender-Equality Index (2022)
- Perfect score of 100 on the 2022 Corporate Equality Index (CEI)