2026
reporting yearFinancials
Revenue—
OpEx—
FTE—
Market cap (FY-end)—
Climate
Scope 1—
Scope 2 (market)—
Scope 2 (location)—
Scope 3 total—
RVBA-BMS◇Private
Bristol Myers Squibb
US
Verified credentials
SBTi Validated1.5°C
Decarbonisation trajectory · all scopes
Scope 1 + 2· base 2022 · 373k tCO2eScope 3· base 2022 · 1.8M tCO2e
Headline intensities
·Values in USD ($)
Peer cohort: — · lower is betterRevenue intensity
Carbon / $m revenue
—tCO2e / $m revenue
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.
—
Operational intensity
Carbon / $m OpEx
—tCO2e / $m OpEx
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.
—
Economic intensity
Carbon / $m EVIC
—tCO2e / $m EVIC
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?
—
Asset intensity
Carbon / $m PP&E + leased
—tCO2e / $m PP&E
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.
—
Climate action evidence
0 records · 0 sourcesNet-zero claim · FY2050 · 1.5°C · sbti
Bristol Myers Squibb commits to reach net-zero greenhouse gas emissions across the value chain by 2050.
Carbon credits retired
No retirement evidence on file (third-party or self-reported).
Renewable electricity
44 %
Self-reported renewable electricity share, FY2024 · 177.8 GWh
Sources
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
VPPAs covering 100% of North American electricity by 2026
BMS executed a 15-year 60 MW VPPA at Cattlemen Solar Park in Texas (online 2024) and a 145 MW VPPA at Blevins Solar & Storage Project (online expected 2026). Combined, these projects are intended to cover 100% of BMS' North American electricity consumption. BMS also owns and operates onsite photovoltaic assets across six facilities in the U.S., U.K., China and Netherlands (over 2 MW total). Goal: 100% purchased electricity from renewables by 2030.
Self-reported · FY2024 · p.48
Approach to carbon removals
No durable removals disclosed; relies on emissions reductions
The report does not describe deployment of durable carbon removals (DAC, BECCS, biochar). BMS' Net-Zero by 2050 commitment is described as achieved through 54.6% Scope 1, 2 and Scope 3 FERA reductions by 2033 and value chain engagement, rather than via removal credits.
Self-reported · FY2024 · p.46
Primary decarbonisation levers
- Waste reduction, plastics task force & IT asset circularity
Established enterprise Plastics Management Task Force in June 2024. Switched most New Jersey sites from landfill to waste-to-energy; Aichi Japan from waste to recycling using RDF. CIRSUB consortium in Netherlands pilots recycling of single-use pharma bags. Refurbished/recycled 26,000+ workplace devices and 14,000+ enterprise units in 2024; ~8.50 metric tons of materials recycled. Zero-waste-to-landfill target by 2040.
- Greener-by-design chemistry & PMI reduction
Over 2023-2024, BMS focused on 21 active pharmaceutical ingredients and reduced Process Mass Intensity by 42% on average, eliminating more than 3,700 metric tons of chemical waste. Base Metals Initiative replaces palladium with earth-abundant metals like nickel; one project increased yield from 20.8% to 37.2% while reducing PMI from 1,783 to 376.
- Sustainable lab operations & My Green Lab certification
BMS adopted global My Green Lab certification aligned with UN Race to Zero. By December 2024, 47 labs participated across 12 global sites reaching 450+ scientists; 21 labs officially certified. Specimen Library won 2024 Freezer Challenge award for cold-storage energy efficiency.
- Energy efficiency in manufacturing & R&D facilities
BMS deployed an enterprise Automatic Fault Detection & Diagnostics (AFDD) platform at eight major sites to continuously optimize utility equipment. Won Energy Star 'Top Project of the Year' for chiller plant optimization at three sites and 'Partner of the Year: Sustained Excellence' for energy management. Devens, MA implemented chiller plant optimization with adaptive algorithms and variable frequency drives.
Dependent decarbonisation levers
- Logistics & transportation decarbonisation
BMS implemented twin-deck vehicle solutions and co-loading dual-temperature trucks in Europe to halve trips; direct receipts in U.S. eliminated transfers through distribution centers. Transitioned 10 key logistics partners from spend-based to distance- and fuel-based emissions methods. Commercial fleet target: 100% EVs by 2040.
- Supplier Decarbonization Accelerator (Scope 3 Cat 1)
BMS launched its Supplier Decarbonization Accelerator in September 2024 with webinars and roundtables attended by over 140 suppliers. As of 2024, 23.6% of global procurement spend (50% of engaged spend) is with suppliers having SBT targets set. BMS participates in CDP Supply Chain program with ~240 suppliers (96% response rate), Energize (230+ suppliers), MGL Converge (50+ suppliers) and Manufacture 2030 Activate. Target: engage 75% of suppliers by emissions by 2028.
Targets
Near-term
5 targets| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2Absolute | 2022 | 2033 | −55% | 1.5°C | 16.5% reduction achieved vs 55% target (30% of the way there). Linear pace expects 9.9% by now. −16.5% reductionof −55% target · 30% there | On track |
| Scope 1 + 2 + 3 | 2022 | 2033 | −55% | In corporate strategy | 6.0% reduction achieved vs 55% target (11% of the way there). Linear pace expects 10.0% by now. −6.0% reductionof −55% target · 11% there | Off track |
| Scope 3Absolute | — | 2033 | — | NA | absolute-value target | — |
| Scope 3 | 2022 | 2028 | −75% | 3.8% reduction achieved vs 75% target (5% of the way there). Linear pace expects 25.0% by now. −3.8% reductionof −75% target · 5% there | Off track | |
| Scope 3Absolute | 2022 | 2033 | −55% | 3.8% reduction achieved vs 55% target (7% of the way there). Linear pace expects 9.9% by now. −3.8% reductionof −55% target · 7% there | Off track |
Long-term
2 targets| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2Absolute | 2022 | 2050 | −90% | 1.5°C | 16.5% reduction achieved vs 90% target (18% of the way there). Linear pace expects 6.4% by now. −16.5% reductionof −90% target · 18% there | On track |
| Scope 3Absolute | 2022 | 2050 | −90% | 3.8% reduction achieved vs 90% target (4% of the way there). Linear pace expects 6.4% by now. −3.8% reductionof −90% target · 4% there | Off track |
Net zero
2 targets| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2 + 3 | 2022 | 2050 | — | 1.5°C | absolute-value target | — |
| Scope 1 + 2 + 3 | — | 2050 | — | In corporate strategy | absolute-value target | — |
Progress · absolute tCO2e
Scope 1 + 2 trajectory vs target
Scope 1 + 2 · 54.6% by 2033 · 1.5°C
ActualLinear1.5°C
Scope 3 trajectory vs target
Scope 3 · 75% by 2028
ActualLinear1.5°C
Latest news· last 5 of 18
full news log →- 2024Cattlemen Solar Park VPPA came online
- 2024VPPAs covering 100% of North American electricity by 2026
- 2024100% renewable electricity by 2030 target
- 2024Enhanced data collection for downstream transport (Cat 9)
- 2024Transitioned logistics partners from spend-based to distance/fuel-based method