Biogen Inc

Biotechnology
BIIB
$ 222 (0.98)%
Share price
$ 32 bn
Market Cap
$ 39 bn
Enterprise Value

Carbon footprint

1.5 Ton
GHG emissions per $ 1 mln investment
0.04x the weighted average for S&P 500
FY2020
How is this calculated?
-15%
YOY change in GHG emissions
Stronger than the -11% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

Biogen Inc's GHG emissions (market-based) (Kt of CO2e)
Biogen Inc's Carbon intensity (Tons per 1 USDm)

Biogen Inc's carbon footprint

Biogen Inc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 58 Kt (-9.8 /-14.5% y-o-y). Also positively, carbon intensity dropped to 4.3 t (-0.4 /-8.5% y-o-y).

Biogen Inc's Scope 3 emissions declined to 349 Kt (-76 /-17.8% y-o-y). This is a higher rate of decline than over the period since 4Q'17 (-7.8% CAGR).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Biogen Inc also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Overall Net-Zero Target Biogen commits to reach net-zero GHG emissions across the value chain by 2045. Near-Term Targets Biogen commits to reduce absolute scope 1 and 2 GHG emissions 55% by 2032 from a 2019 base year. Biogen also commits that 80% of its suppliers by spend covering purchased goods and services and capital goods, will have science-based targets by 2025. Long-Term Targets Biogen commits to reduce absolute scope 1 and 2 GHG emissions 100% by 2040 from a 2019 base year. Biogen also commits to reduce absolute scope 3 GHG emissions 90% by 2045 from a 2019 base year.

Company environmental metrics

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