Opella.

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.

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.

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?

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.

Opella is pursuing 100% renewable electricity by 2025 as part of the RE100 initiative, using a mix of on-site generation, power purchase agreements, and renewable grid electricity. In 2023, 87% of electricity came from renewable sources (up from 74% in 2022 and just 6% in 2019). Notable projects include discontinuing the natural gas cogeneration plant in Cologne, Germany (saving ~2,000 tCO2e), building a rooftop solar farm in Virginia, Australia (first phase covers 10% of site electricity, planned expansion to 25%), and an off-site wind PPA in Ocoyoacac, Mexico.

Opella does not disclose carbon removals, DAC, BECCS, or biochar purchases in this report. The decarbonisation approach centres on absolute Scope 1 & 2 reductions (energy efficiency and renewable electricity) and engagement of top-100 supplier emitters via the Supplier Climate Action Plan (SCAP). Net-zero/SBT baselines for Scope 3 are still being developed.

• Manufacturing energy efficiency (boilers, chillers, HVAC, heat recovery)

  HSE-led Sustainable Manufacturing Strategy across 13 manufacturing sites: upgraded boilers (Rzeszow, Ocoyoacac), replaced chillers (Megrine, Suzano), HVAC rest modes (Compiègne, Rzeszow, Ho Chi Minh), heat recovery from boilers/compressors (Lisieux), heat pump replacing steam at Narita, condensate management and pipe insulation at Origgio, plus LED rollouts. Resulted in 21% reduction in natural gas consumption from 2022 to 2023.

• Switch to renewable electricity (PPAs, on-site solar, grid renewables, RECs)

  Primary Scope 2 lever: replacing on-site fossil cogeneration (Cologne CHP) with grid renewable electricity, building site solar (Virginia, Australia rooftop), and off-site wind PPA in Ocoyoacac, Mexico. Target 100% renewable electricity by 2025 (87% in 2023).

• Packaging eco-design — PVC-free, virgin plastic reduction, recycle-ready

  R&D-led development of PVC-free and aluminium-free packaging portfolio; member of the Bottle Collective (PA Consulting + PulPac) developing Dry Molded Fiber (DMF) cellulose bottles as substitutes for petroleum-based plastics. Targets: 50% virgin plastic reduction in non-medicinal products by 2030 (vs 2024 baseline) and 90% recycle-ready packaging by 2030.

• Point-of-Sale Materials (POSM) reduction

  80% reduction in printed materials by 2025 (vs 2021 baseline) target. 2023: 35% reduction achieved (excl US). 97% leaflet-free portfolio for food supplement products. 100% of displays to be ordered from approved sustainable POSM catalogs by 2025 (Europe 82%, AMEA 89%, LATAM 70% in 2023).

• Supplier Climate Action Plan (SCAP) — top-100 emitters engagement

  83% of the Group's top 100 supplier emitters participated in the Supplier Climate Action Plan (SCAP), with climate maturity assessments aimed at advancing them toward net-zero science-based targets. All Opella buyers trained on sustainable procurement in 2023; suppliers trained on GHG Protocol, renewable electricity programs, and decarbonization pathways.

• Sustainable media — decarbonising digital advertising

  Partnered with Climate Partner and Scope3 to assess carbon footprint of media value chain (~1 tonne CO2e per 1.5M impressions across 50bn annual impressions). Reduced spend on high-carbon 'Made for Ads Websites' (MFA) and redirected to lower-carbon platforms. Target: 5% reduction in media carbon footprint per brand by 2024.