Opella.

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.

Opella is a member of RE100 with a target of 100% renewable electricity across wholly-owned sites by 2025. As of 2023, 87% of electricity is from renewable sources (up from 6% in 2019, 74% in 2022). Approach combines on-site generation (solar farm in Virginia, Australia covering 10% of site electricity with expansion to 25%), off-site Power Purchase Agreement with wind providers in Ocoyoacac, Mexico, and switching to renewable grid electricity (e.g. Cologne, Germany discontinued natural gas CHP, saving 2,000 tCO2). RECs are also used.

No narrative on durable removals approach in the firm's most recent reports.

• Energy efficiency at manufacturing sites

  HSE-led Sustainable Manufacturing Strategy launched in 2020 targets energy reduction across M&S sites. Initiatives include boiler upgrades (Rzeszow, Ocoyoacac), modern chillers (Megrine, Suzano), HVAC rest modes (Compiègne, Rzeszow, Ho Chi Minh), heat recovery from steam boilers/compressors (Lisieux), heat pump for hot water (Narita), condensate management and insulation (Origgio), and LED lighting site-wide. Achieved 21% decrease in natural gas consumption 2023 vs 2022.

• Waste reduction & landfill-free operations

  100% of wholly-owned manufacturing sites landfill-free by end 2025. 4.8% of waste to landfill in 2023 (down from 6.7% in 2022). Over half of manufacturing sites already landfill-free. Site-level initiatives include softgel composting in Virginia (Australia) diverting ~120 tons gelatin waste.

• Sustainable packaging & eco-design

  50% reduction of virgin plastic in non-medicinal products by 2030 (vs 2024 baseline). 90% recycle-ready packaging on products from Group sites by 2030. PVC-free and aluminum-free portfolio development initiated in R&D. Joined the Bottle Collective (PA Consulting + PulPac) in April 2023 to industrialize Dry Molded Fiber recyclable bottles as substitute for virgin plastic. 80% reduction in printed POSM by 2025 (35% achieved in 2023 vs 2021 baseline).

• Sustainable media / Decarbonizing Media

  Partnered with Climate Partner and Scope3 to measure media value chain carbon footprint (1 tCO2 per 1.5M impressions; ~50B impressions/yr). Redirected investments away from high-carbon platforms and Made for Ads Websites. Targets 5% reduction in media carbon footprint per brand by 2024.

• Supplier Climate Action Plan (SCAP)

  83% of Sanofi Group's top 100 emitters participated in the Supplier Climate Action Plan (SCAP) in 2023, including climate maturity assessment toward net-zero science-based targets. All Opella buyers trained on sustainability in procurement. 72% of suppliers' spend assessed via EcoVadis (target 80% by 2025); 89% of suppliers agreed to Code of Conduct (target 95% by 2025).