RVBA-BMS◇Private

Bristol Myers Squibb

Verified credentials

SBTi Validated1.5°C

Decarbonisation trajectory · all scopes

Scope 1 + 2· base 2022 · 373k tCO2eScope 3· base 2022 · 1.8M tCO2e

Headline intensities

·Values in USD ($)

Peer cohort: — · lower is better

Revenue intensity

Carbon / $m revenue

—tCO2e / $m revenue

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

—

Operational intensity

Carbon / $m OpEx

—tCO2e / $m OpEx

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

—

Economic intensity

Carbon / $m EVIC

—tCO2e / $m EVIC

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

—

Asset intensity

Carbon / $m PP&E + leased

—tCO2e / $m PP&E

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

—

Climate action evidence

0 records · 0 sources

Carbon credits retired

No retirement evidence on file (third-party or self-reported).

Renewable electricity

44 %

Self-reported renewable electricity share, FY2024 · 177.8 GWh

Sources

Registry retirements are direct evidence; commitments are forward-looking pledges. EPA snapshot covers FY2019–FY2020.

Strategy & approach

How the firm describes its decarbonisation approach in its own words — alongside the headline numbers above. Self-reported, page-cited.

Approach to renewable energy

100% renewable purchased electricity by 2030 via VPPAs and on-site solar

BMS targets 100% purchased renewable electricity by 2030. Executed a 15-year 60 MW VPPA at Cattlemen Solar Park in Texas (online 2024, delivering ~140,000 MWh) and a 145 MW VPPA at Blevins Solar & Storage Project in Falls County, Texas (expected online 2026). Together these are intended to cover 100% of BMS' North American electricity. Owns and operates on-site PV at six facilities in US, UK, China and Netherlands totaling over 2 MW. Renewable electricity share rose from 11% in 2023 to 44% in 2024.

Self-reported · FY2024 · p.48

Approach to carbon removals

No durable removals program disclosed; reliance on emissions reductions

The report does not describe any durable carbon removals program (DAC, BECCS, biochar, soil carbon) or offsets retired. Net-Zero by 2050 strategy is anchored on absolute Scope 1, 2 and Scope 3 FERA reductions (54.6% by 2033) and supplier engagement, rather than removals or offsets.

Self-reported · FY2024 · p.46

Primary decarbonisation levers

Energy efficiency at manufacturing and R&D sites
BMS executed numerous energy efficiency projects in 2024 using an Automatic Fault Detection & Diagnostics (AFDD) software platform deployed at eight major sites. Devens MA chiller plant optimization (variable frequency drives, adaptive optimization) won ENERGY STAR Top Project of the Year. Two sites earned ENERGY STAR certification.
Fleet electrification
BMS committed to transform to 100% electric vehicles in its commercial fleet by 2040. Scope 1 mobile combustion in 2024 was 28,332 tCO2e.
Green chemistry / Process Mass Intensity reduction
Over 2023–2024 BMS focused on 21 active pharmaceutical ingredient campaigns and reduced PMI by an average 42%, eliminating over 3,700 metric tons of chemical waste (solvents, water, reagents). Base Metals Initiative replaces palladium with earth-abundant nickel/cobalt; one project reduced PMI from 1,783 to 376.

Dependent decarbonisation levers

Supplier decarbonization — 75% by emissions on SBTs by 2028
BMS launched a Supplier Decarbonization Accelerator in September 2024 with webinars and roundtables engaging 140+ suppliers. Participates in Energize (230+ suppliers engaged on renewable PPAs), Manufacture 2030 Activate (API external manufacturers focusing on green heat and solvent recovery), and My Green Lab Converge (50+ suppliers). CDP Supply Chain disclosure expanded to ~240 suppliers with 96% response rate; 63% of respondents have science-based targets.
Logistics / transportation emissions reduction
Implemented twin-deck vehicles in Europe to halve trucks used, co-loading biological & pharmaceutical products in dual-temperature/twin-deck trucks, and direct receipts in US (eliminating distribution-center transfers). Transitioned 10 key logistics partners from spend-based to distance/fuel-based Scope 3 emissions methodology.
Lab sustainability — My Green Lab certification
By December 2024, 47 labs across 12 global sites participated in My Green Lab certification covering 450+ scientists. The Specimen Library won a 2024 Freezer Challenge award. Aligned with UN Race to Zero campaign.

Targets

Near-term

5 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2Absolute	2022	2033	−55%	1.5°C	−16.5% reductionof −55% target · 30% there	On track
Scope 1 + 2 + 3	2022	2033	−55%	In corporate strategy	−6.0% reductionof −55% target · 11% there	Off track
Scope 3Absolute	—	2033	—	NA	absolute-value target	—
Scope 3	2022	2028	−75%		−3.8% reductionof −75% target · 5% there	Off track
Scope 3Absolute	2022	2033	−55%		−3.8% reductionof −55% target · 7% there	Off track

Long-term

2 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2Absolute	2022	2050	−90%	1.5°C	−16.5% reductionof −90% target · 18% there	On track
Scope 3Absolute	2022	2050	−90%		−3.8% reductionof −90% target · 4% there	Off track

Net zero

2 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2 + 3	2022	2050	—	1.5°C	absolute-value target	—
Scope 1 + 2 + 3	—	2050	—	In corporate strategy	absolute-value target	—

Progress · absolute tCO2e

Scope 1 + 2 trajectory vs target

Scope 1 + 2 · 54.6% by 2033 · 1.5°C

ActualLinear1.5°C

Scope 3 trajectory vs target

Scope 3 · 75% by 2028

ActualLinear1.5°C

Latest news· last 5 of 18

full news log →

SBTi approval of near-term and Net-Zero targets
In July 2024, BMS received SBTi validation for near-term and Net-Zero science-based targets. Commits to reducing absolute Scope 1 & 2 plus Scope 3 FERA emissions by 54.6% by 2033 from 2022 baseline, engaging 75% of suppliers by emissions on SBTs by 2028, and Net-Zero across value chain by 2050.
2024
ASPIRE 10-year LMIC access strategy launched
In May 2024, BMS launched ASPIRE — a 10-year strategy to advance access in low- and middle-income countries, targeting >208,000 LMIC patients per year by 2033.
2024
UN SDG alignment
BMS' mission, vision and values align with UN Sustainable Development Goals 3, 5, 7, 9, 10, 12, and 13.
2024
Limited assurance by Apex Companies over GHG/energy/water
Apex Companies LLC provided independent limited assurance over Scope 1, 2 (location & market), Scope 3 categories 1-7, 9, 12, 15, biogenic emissions, energy, and water data for 2024.
2024
Transition from spend-based to distance/fuel-based Scope 3 transport
Collaborating with 10 key logistics partners, BMS transitioned from spend-based to distance- and fuel-based methods for Scope 3 transportation emissions calculations to enhance accuracy.
2024

Latest reporting year· 3 earlier years on Data-by-year tab

all years + ratios →

2026

reporting year

Financials

Revenue—

OpEx—

FTE—

Market cap (FY-end)—

Climate

Scope 1—

Scope 2 (market)—

Scope 2 (location)—

Scope 3 total—

Source documents· FY2024

all documents →

sustainability report2024

via manual upload · 12.2 MB

extractedOPEN PDF ↗