Novartis

Pharmaceuticals
NVS
$ 103 (0.1)%
Share price
$ 211 bn
Market Cap
$ 223 bn
Enterprise Value

Carbon footprint

2.2 Ton
GHG emissions per $ 1 mln investment
0.07x the weighted average for S&P 500
FY2022
How is this calculated?
-22%
YOY change in GHG emissions
Stronger than the -11% weighted average for S&P 500
FY2022 vs. previous year

Primary Climate Goal

-33%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -9.3% weighted average for S&P 500
FY2023
How is this calculated?

Novartis aims to achieve carbon neutrality for Scope 1 + 2 by 2025


This target has not been verified as science based according to SBTi
Novartis's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-5.6%
Proj. YOY change in GHG emissions (all Scopes)
Stronger than the -1.4% weighted average for S&P 500
FY2023
How is this calculated?

Novartis aims to achieve net zero for all Scopes by 2040


This target has not been verified as science based according to SBTi
Novartis's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

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

Novartis's carbon footprint

Novartis reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2022 at 502 Kt (-143 /-22.2% y-o-y). Also positively, carbon intensity declined to 12 t (-2.1 /-14.7% y-o-y).

Novartis's Scope 3 emissions took off to 8,770 Kt (+1,480/+20% y-o-y). This is a higher growth rate than over the period since 4Q'19 (+10% CAGR).

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2025, which translates into the estimated reduction of -167 Kt per annum over the period of FY2023 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -515 Kt per annum over the period of FY2023 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Novartis aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2025. 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.

Novartis also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Swiss multinational pharmaceutical company Novartis commits to reduce absolute scope 1, 2 and 3 GHG emissions 35% by 2030 from a 2016 base-year.

Company environmental metrics

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