Roche Holding

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.

Roche has set a goal to achieve 100% Sustainable Electricity by 2025, defined as electricity from sources replenished at least as fast as consumed and not causing significant environmental or social harm. The measure of progress is tracked as Sustainable kWh / All kWh procured across all Sites. To ensure that only Roche can claim the environmental attributes from a volume of sustainable energy, associated energy attribute certificates must be retired by Roche or the supplier on behalf of Roche's consumption, applicable to both electricity and thermal energy.

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

• Sustainable new construction (Building 15)

  New Building 15 designed using Roche's Sustainable Construction Evaluator Tool. Wooden modular construction with high-bay warehouse made of wood — components reusable after deconstruction (circular building). Material usage: 16,000 m³ roundwood, 5,000 m³ spruce/fir, 2,400 m³ beech. Savings vs conventional: 3,600 m³ concrete, 1,000 t cement, 750 t steel. Operates without fossil fuels via reversible heat pumps and large PV systems. Greened roof retains ~60% of rainwater via evaporation.

• Scope 1 & 2 real zero by 2050 through fossil fuel reduction in own operations

  Roche targets real zero Scope 1 & 2 GHG emissions by 2050, explicitly without relying on CO2 reduction certificates. Scope 1 emissions largely originate from fossil fuel use, and CO2 emissions are calculated using IPCC 2006 Guidelines. Scope 2 uses a market-based methodology reflecting purposeful electricity choices. A 2020-2025 goal requires -40% total Scope 1 & 2 GHG emissions (kg CO2/employee) vs 2019 baseline. The SBTi near-term and long-term targets submitted in 2024 require 90% absolute reduction in Scope 1 & 2 by 2045 from a 2022 base year.

• Business travel — remains dominant Scope 3 driver

  Business flights are the largest mobility energy demand at RDI — approximately 27 million km flown in 2024 (could circle Earth 675 times). Flights have been rising since the pandemic but remain below pre-COVID-19 (2019) levels. Scope 3 emissions are dominated by business flights, with sharp decline 2019–2021 due to COVID restrictions and renewed rise 2022–2024.

• Scope 1 & 2 energy consumption reduction in operations

  Roche's 2020-2025 goals include a -10% reduction in Scope 1 & 2 energy consumption (fossil fuel equivalent GJ/employee) vs 2019. Energy data is submitted by sites based on invoices from energy providers and converted to gigajoules. Privately owned cars used for business purposes are included in Scope 1. Progress is consolidated at Group level annually and selected sites are subject to third-party limited assurance.

• Phase-out of fossil fuel heating (gas + oil)

  Building Technology Engineering department has developed an action plan to enable RDI's building portfolio to be operated entirely on renewable energy. Demolition of Building 13 in 2023 removed the last oil-heated building. Use of geothermal energy for process heat in reagent production added in 2024. New Building 15 operates without fossil fuels using reversible heat pumps powered by green electricity and large photovoltaic systems.

• Waste minimisation and recycling toward 80% target

  In 2024, 74% of disposed waste was recycled. Goal of 80% recycling rate by 2025. Mixed plastics represent the largest leverage opportunity — separate LDPE collection introduced end of 2022. Wastewater pretreatment plant commissioned 2024 to reduce hazardous liquid waste from reagent production. Packaging guidelines for suppliers introduced in 2024 to reduce packaging waste.

• Business travel (air flights) emissions reduction

  Roche has a specific 5-year goal to reduce GHG emissions from business flights by 15% (kg CO2/employee) vs 2019 baseline. CO2e from air travel is calculated from flight distance multiplied by consumption values for different booking classes and distance ranges, using UK BEIS GHG conversion factors. The KPI currently excludes emissions from trains, buses, taxis, and hotels.

• Use-of-sold-products emissions from Roche Diagnostics instruments

  Roche's Scope 3 Category 11 (use of sold products) is primarily driven by electricity consumption of Roche Diagnostics instruments installed globally. Emissions are calculated from the electricity consumption of Roche's globally installed instrument base by country, using IEA country-average emission factors. This represents a significant downstream dependent emission source requiring product efficiency improvements.

• Product-level decarbonisation (LightCycler PRO ACT Label)

  LightCycler PRO is the first Roche product and first IVD instrument industry-wide to receive ACT Environmental Impact Factor Label. Achievements include 30% dematerialisation by weight, 24% packaging volume reduction with more recyclable materials, optimised packaging/distribution, energy consumption of just 2.8 kWh/day, reusable shippers for parts, and end-of-life recyclability.

• Supply chain (Scope 3) reduction via purchased goods, transport, and supplier engagement

  Roche's 5-year goals include a -15% Scope 3 GHG intensity reduction (kg CO2/employee) vs 2019. Key Scope 3 categories include Purchased Goods & Services (Cat.1) and Capital Goods (Cat.2), which represent high materiality, using a hybrid EEIO/activity-based approach with ongoing efforts to move towards supplier-specific data. Upstream transport (Cat.4) follows DIN EN 16258 standard. Over time, Roche plans to incorporate additional Scope 3 categories based on materiality and ability to influence.