Boehringer Ingelheim

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.

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By 2023 over 70% of worldwide electricity was renewable, driven by site transitions and the launch of a 1.2 MW solar plant at the corporate headquarters in Ingelheim. A new biomass power plant is set to begin operations there in 2024. The MORE GREEN Fund also supports increased on-site renewable generation, e.g. solar panel installations in Shanghai (China) and biogas plants/solar panels in Webuye (Kenya).

Since 2019, Boehringer has scaled climate contributions beyond the value chain to 15 carbon reduction projects in 11 countries (partner: ClimateSeed), with more than 230,000 tCO2e captured or avoided. Project areas include reforestation, biodiversity and clean energy with parallel social benefits in communities such as Canada, China, Malawi and Peru. Framed as additional contributions rather than inventory neutralisation.

• Internal carbon price of EUR 100/tCO2 to steer capex

  An internal carbon price of EUR 100 per ton CO2 is applied to investment decisions to foster low-carbon technologies and solutions. The MORE GREEN Fund provides an additional EUR 130 million for sustainable internal projects focused on circular economy, decarbonization, water management and biodiversity. Since 2020 the fund has supported over 65 CapEx investment projects plus 40 additional initiatives.

• Site-level decarbonisation and carbon-neutral certifications

  Eight production sites worldwide have been certified as carbon-neutral. Site transitions include the 1.2 MW solar plant at Ingelheim HQ and a new biomass power plant starting operations in 2024. Multiple sites have achieved Zero Waste to Landfill certification (Shanghai 2021, Sant Cugat and Dortmund 2023).

• Water stewardship and Clean Water Initiative across suppliers

  Boehringer targets AWS Water Stewardship certification at all sites affected by water scarcity (Fremont USA, Promeco Mexico certified to date). The 'Clean Water Initiative' ensures pharmaceutical traces in production wastewater remain below effect level and drives levels lower in collaboration with suppliers.

• Green chemistry and eco-design mandatory for new products

  It is mandatory to apply green chemistry and eco-design principles to all new products, reducing upstream value-chain emissions and resource intensity. Goal to cut resource footprint by half across the value chain by 2030.