Amgen

Amgen reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 127 Kt (-28 /-18.1% y-o-y). Also positively, carbon intensity was down at 4.8 t (-1.2 /-20% y-o-y).

Amgen's Scope 3 emissions grew to 3,186 Kt (+122/+4% y-o-y). The growth rate declined vs. the previous periods (CAGR +6.6% since 4Q'20).

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2027, which translates into the estimated reduction of -25 Kt per annum over the period of FY2023 - FY2027. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Amgen aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2027. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.