Making Measurable Progress
Our commitment to improving the lives of patients calls for protecting the planet we all share. That means confronting climate change and challenging ourselves to meet ambitious environmental goals.
We were one of the first medical device manufacturers to pledge to achieve carbon neutrality by 20301 in all manufacturing and key distribution sites, and using the Boston Scientific Global Energy Management System (GEMS), we are on track to meet this goal. In 2021, Boston Scientific expanded our climate action goals by joining the United Nations Race to Zero and Science Based Targets initiative (SBTi) Business Ambition for 1.5°C campaign. By making this commitment, we build on our strong foundation and begin to establish ambitious science-based targets that will set us on a path toward net-zero carbon emissions across our entire value chain by 2050.
As an important milestone in our journey to net-zero, our emission reduction targets have been approved by the SBTi. This makes Boston Scientific one of the first companies in the Healthcare Equipment and Supplies sector to have net-zero, science-based Scope 1, 2 and 3 targets verified under the SBTi Net-Zero Standard. Through collaborations and partnerships with suppliers and customers we will work together to advance meaningful change for a healthier planet.
As of July 29, 2022, the Science Based Target initiative (SBTi) approved the Boston Scientific science-based net-zero target and near-and long-term emission reduction targets:
Overall Net-Zero Target
Boston Scientific Corporation commits to reach net-zero greenhouse gas emissions across the value chain by 2050 from a 2019 base year.
Multinational U.S. healthcare and equipment supplies company Boston Scientific Corporation commits to reduce absolute Scope 1 & 2 GHG emissions 46.2% by 2030 from a 2019 base year. Boston Scientific Corporation also commits to reduce Scope 3 GHG emissions from Purchased Goods & Services, Capital Goods, Fuel & Energy-Related Activities, Upstream transportation & Distribution, and Business travel GHG emissions 55% per USD value added within the same timeframe.
Boston Scientific Corporation commits to reduce Scope 1 and 2 GHG emissions 97% per USD value added, equivalent to 90% absolute reduction, by 2050 from a 2019 base year. Boston Scientific Corporation also commits to reduce Scope 3 GHG emissions 97% per USD value added within the same timeframe.
Global Energy Management System
To ensure we meet our energy reduction and carbon neutrality commitments, we use a Global Energy Management System (GEMS) established in collaboration with the National University of Ireland, Galway. The system focuses on minimising energy use, converting to renewable energy sources instead of fossil fuels and compensating with carbon-offset projects where needed.
To achieve these goals, we established the following targets:
- 50% renewable electricity by 2021. We surpassed this goal by achieving 73%.
- 100% renewable electricity by 2024
- 90% renewable energy by 2027
- Carbon-neutral manufacturing operations by 2030
1Inclusive of all manufacturing and key distribution sites only