Viatris Inc.

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.

In 2025, Viatris purchased 9% more renewable electricity than 2024, reaching 21% of electricity from renewable sources (101 GWh total). Sandwich UK site transitioned to 100% renewable electricity. Komarom Hungary increased renewable electricity 35% YoY. New on-site solar facility commissioned at Krishnagiri India injectables site; additional solar facility under construction at Carole Park Australia. Largest renewable usage in India (45 GWh) and Ireland (38 GWh).

Report does not describe a removals/offsets program. Decarbonisation strategy focuses on absolute reductions via renewables, energy efficiency, alternative fuels, refrigerant management, and infrastructure upgrades. Viatris states it will continue to assess 'science-based next phase company-wide targets towards a net zero ambition' but has not disclosed DAC, BECCS, biochar or offset retirements.

• On-site renewable generation and PPAs

  Construction of additional solar at Carole Park (Australia) and new solar commissioned at Krishnagiri (India). Procurement of renewable electricity expanded across India, Ireland, Germany, Türkiye, Hungary, UK, Australia and China. Sandwich UK on 100% renewables in 2025.

• Water reuse and zero liquid discharge

  8 sites in India use Zero Liquid Discharge technology recovering 80% of wastewater. Carole Park reused 2,100 kl rainwater (7% of consumption, +85% YoY). Damastown installed reverse osmosis for purified water regeneration reuse. Vega Baja RO system reaches >90% reuse efficiency. 17 sites have achieved zero waste to landfill status.

• Energy efficiency and equipment upgrades

  Chiller replacement projects initiated at three facilities. LED lighting expansion at multiple sites. Refrigerant leak fixes and transition from older refrigerants to R-454B HVAC systems to reduce GWP. Glycol-to-water ratio adjustments at Collins Ferry R&D reduced electricity. Galway Ireland eliminated 800L diesel/yr by switching pool car to EV.

• Scope 3 supplier engagement (PSCI / SBTi cascade)

  Achieved 36% reduction in Scope 3 (cat 1-4) vs 2020 baseline, exceeding 25% target — though partly rebaselined for divestitures. Engaging API, finished medicinal product, logistics and indirect service suppliers on GHG reduction. Full PSCI member; cascading SBTi tools and Decarbonisation Summit training to suppliers. Five-year plan to complete PSCI assessments of 105 strategic suppliers by 2026.

• Freight modal shift from air to sea/road

  Mode of Transportation Optimization model extended to more sites in 2025. Air freight share decreased from 52% to 45%; sea freight increased from 48% to 55%. Nearly all customers default to sea freight on their profiles. Building 24-month planning horizons and using rapid response standard operating procedures to make ocean freight the default mode.