AstraZeneca to eliminate emissions by 2025

AstraZeneca has brought forward its decarbonisation plans by more than a decade, unveiling a target for zero carbon emissions from its global operations by 2025 and carbon negative value chain is by 2030.

Announced at the World Economic Forum (WEF) Annual Meeting in Davos, AstraZeneca’s Ambition Zero Carbon strategy will invest up to $1bn to make AstraZeneca’s global operations responsible for zero carbon emissions without relying on offset schemes to reach zero emissions on aggregate.

Also revealed its AZ Forest, a 50-million tree reforestation initiative that will be rolled out over the next five years in partnership with local governments and One Tree Planted, a non-profit organisation focused on global reforestation.

Pascal Soriot, CEO, who will also participate in the inaugural meeting of Prince Charles’ Sustainable Markets Council (SMC), said: “Climate change is an urgent threat to public health, the environment and the sustainability of the global economy. Since 2015, we have reduced our carbon emissions from operations by almost a third and our water consumption by almost one fifth. But now is the time to act even faster and redouble our efforts.”

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