Dependent: Responsible sourcing across the value chain Perrigo commits to upholding human rights and environmental standards in its supply chain through rigorous monitoring programs and collaboration with suppliers who share its values. This is positioned as a Scope 3 / supplier-engagement lever, though no quantitative supplier engagement targets are disclosed in the 10-K.
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Divested HRA Pharma Rare Diseases Business Sold Rare Diseases Business to Esteve Healthcare S.L. for total consideration of $244.5M including $34.5M contingent earnout. Resulted in pre-tax gain of $5.8M and prior goodwill impairment of $22.1M.
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Sustainability report aligned to GRI, SASB and UN SDGs Annual Sustainability Report includes appendices informed by the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and United Nations Sustainable Development Goals. Specific SDG numbers not enumerated in the 10-K excerpt.
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Divested Orion Laboratories Hospital & Specialty Business Sold Hospital & Specialty Business to General Pharma BidCo Pty Ltd (Genesis Capital) for $13.3M.
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Project Energize launched Three-year global investment and efficiency program initiated Q1 2024, expected to deliver annualized pre-tax savings of $140M-$170M by end of 2026 with restructuring charges of $140M-$160M. Expected ~6% net reduction of total Perrigo roles.
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No specific removals strategy disclosed in 10-K The 10-K does not disclose a specific carbon removals strategy (no mention of DAC, BECCS, biochar, afforestation, or removal credit purchases). Net-zero plan is framed entirely around emissions reductions (production footprint, renewable energy, product/packaging redesign, EV fleet) rather than removals or offsetting. Detailed climate performance is referenced as being in the annual CDP disclosure and Sustainability Report which are not incorporated by reference.
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Primary: Electric vehicle fleet transition (international business) Perrigo explicitly cites switching to electric vehicle fleets for its international business as part of its net-zero plan, targeting mobile combustion emissions in its CSCI operations.
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Net zero by 2040 commitment Perrigo's stated goal is to reach net zero greenhouse gas emissions across its supply chain and operations by 2040. Plan involves reducing direct and indirect emissions by minimizing production footprint, buying renewable energy, redesigning products/packaging, and switching to electric vehicle fleets for international business.
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Buying renewable energy as part of net-zero plan; EV fleet for international ops As part of its net-zero-by-2040 ambition, Perrigo states its plan involves reducing direct and indirect emissions by minimizing its production footprint, buying renewable energy, redesigning products and packaging, and switching to electric vehicle fleets for its international business. No specific PPA volumes, RE100 status, or % renewable electricity figures are disclosed in the 10-K.
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Primary: Production footprint reduction across manufacturing network Perrigo intends to reduce direct emissions by minimizing its production footprint. The Supply Chain Reinvention Program (initiated 2022) is reducing portfolio complexity, optimizing manufacturing assets and distribution models, and diversifying sourcing — actions that overlap with operational decarbonisation through consolidation and efficiency.
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