2026
reporting yearFinancials
Revenue—
OpEx—
FTE—
Market cap (FY-end)—
Climate
Scope 1—
Scope 2 (market)—
Scope 2 (location)—
Scope 3 total—
RVBA-AMGEN◇Private
Amgen
US
Verified credentials
SBTi Validated1.5°C
Decarbonisation trajectory · all scopes
Scope 1 + 2· base 2019 · 275k tCO2eScope 3· base 2019 · 1.7M tCO2e
Headline intensities
Reporting year 2024·Values in USD ($)
Peer cohort: — · lower is betterRevenue intensity
Carbon / $m revenue
54.6tCO2e / $m
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.
no peer comparison yet
Operational intensity
Carbon / $m OpEx
—tCO2e / $m
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.
no peer comparison yet
Economic intensity
Carbon / $m EVIC
—tCO2e / $m
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?
no peer comparison yet
Asset intensity
Carbon / $m PP&E + leased
—tCO2e / $m
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.
no peer comparison yet
Climate action evidence
11 records · 2 sourcesNet-zero claim · FY2027 · In corporate strategy · nzt
"Amgen's 2027 carbon emissions targets have been approved by the Science Based Targets initiative (SBTi) and are consistent with the goal of limiting global warming to 1.5 degrees Celsius for Scope 1 and 2 emissions. We also established an SBTi Scope 3 supplier engagement target to engage with 73% of our suppliers by spend in key categories to support their adoption of science-based carbon reduction targets by 2027. "
Carbon credits retired
12,000 tCO2e
1 retirement · FY2024 · third-party verified
Self-declared vs traced
- Self-declared (FY2024)40,000 tCO2e
- Traced by Reverberate12,000 tCO2e(30%)
- Gap28,000 tCO2e
It's not uncommon for carbon credits to be retired via a broker (e.g. Climate Impact Partners, ClimeCo, 3Degrees, South Pole) whose name appears in the registry instead of the end-buyer's — meaning the retirement is real but not third-party-retrievable from the buyer's name alone. We also auto-defer retirements below 1,000 tCO2e to focus attribution on material volume; use the request below to investigate sub-threshold or broker-routed retirements for this firm.
Last traced year · FY2025 · 31,729 tCO2e across 3 retirements
By credit quality
- Unclassified12,000 tCO2e(100%)
Retirements by year and credit class
2024
12ktCO₂e
2022
29ktCO₂e
Nature-based removalsAvoidanceUnclassified
Renewable electricity
90 %
Self-reported renewable electricity share, FY2024 · 337.6 GWh
Sources
- · Puro.earth Registry
- · berkeley_voluntary_registry
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
90% renewable electricity; on-site solar at new Ohio facility
In 2024, Amgen sourced 90% renewable electricity across its facilities and achieved a 46% reduction in Scope 1+2 absolute carbon emissions (excluding offsets). The new Ohio fully-electric biomanufacturing facility includes an on-site solar array sized to generate 2,038 MWh annually and deliver renewable energy back to the local grid. Aim is for all Amgen facilities, wherever feasible, to procure 100% renewable energy by 2027.
Self-reported · FY2024 · p.15
Approach to carbon removals
High-quality Scope 1 carbon offsets augmenting efficiency portfolio
In 2024, Amgen began augmenting its energy efficiency project portfolio with high-quality Scope 1 carbon emission offsets to assist progress toward its 2027 carbon neutrality ambition. Scope 1 emissions in 2024 include 40,000 MT of high-quality carbon offsets. The report frames these as offsets rather than durable removals.
Self-reported · FY2024 · p.15
Primary decarbonisation levers
- Amgen Ecovation™ electrified biomanufacturing
New facilities in North Carolina and Ohio were built using the Amgen Ecovation™ approach — flexible modular designs that are faster, lower-cost, and require less energy and water than traditional plants. The Ohio plant is Amgen's first fully electric biomanufacturing site, supporting the 2027 Scope 1+2 carbon neutrality goal.
- Water and waste reduction projects
In 2024 Amgen executed 198,000 CM of water saving projects and over 300 MT of waste reduction projects. Through 2024, achieved 57% of the 2027 40% water reduction target and 66% of the 75% waste reduction target vs a 2019 baseline.
- Commercial fleet electrification
Increased EV adoption to 687 vehicles across the US, EU, Japan, Australia and South Korea, on track toward a corporate-wide goal of 1,800 EVs by 2027 (30% of total fleet vs 2019 baseline). Field-based employees in the US, Japan and EU must select all-electric or hybrid vehicles. Fleet carbon emissions were 33% lower than the 2019 baseline in 2024.
Dependent decarbonisation levers
- SBTi Scope 3 supplier engagement (73% by spend)
On track to reach 2027 SBTi Scope 3 supplier target of engaging 73% of suppliers by spend in key categories to support their adoption of science-based targets. Science-based goal setting has also been embedded in Amgen's sourcing criteria.
Targets
Near-term
5 targets| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2 | — | 2027 | — | 1.5°C | absolute-value target | — |
| Scope 1 + 2Absolute | 2019 | 2027 | −55% | 1.5°C | 56.0% reduction achieved vs 55% target (102% of the way there). Linear pace expects 34.4% by now. −56.0% reductionof −55% target · 102% there | On track |
| Scope 2 | 2019 | 2027 | −1% | 1.5°C | insufficient data | — |
| Scope 2 | 2019 | 2030 | −1% | 1.5°C | insufficient data | — |
| Scope 3 | 2019 | 2027 | −73% | 0.0% reduction achieved vs 73% target (0% of the way there). Linear pace expects 45.6% by now. −0.0% reductionof −73% target · 0% there | Off track |
Net zero
1 target| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2 + 3 | — | 2027 | — | In corporate strategy | absolute-value target | — |
⚠ Some targets show progress vs the earliest extracted year as a baseline approximation. The real base-year value will be used once historical reports are extracted.
Progress · absolute tCO2e
Scope 1 + 2 trajectory vs target
Scope 1 + 2 · 55.00000000000001% by 2027 · 1.5°C
ActualLinear1.5°C
Scope 3 trajectory vs target
Scope 3 · 73% by 2027
ActualLinear1.5°C
Latest news· last 5 of 13
full news log →- 202490% renewable electricity; on-site solar at new Ohio facility
- 2024Primary: Amgen Ecovation™ electrified biomanufacturing
- 2024TNFD alignment and biodiversity gap analysis
- 2024High-quality Scope 1 carbon offsets augmenting efficiency portfolio
- 2024Dependent: SBTi Scope 3 supplier engagement (73% by spend)