Novartis Vision 2030 on Energy & Climate:
We cut our greenhouse gas (GHG) emissions to 50% compared to 2010 by increasing energy efficiency and use of renewable energy.
2020 – Reduce total absolute (Scope 1 and Scope 2) GHG emissions of the Novartis Group by 30% by 2020, compared to baseline emissions in 2010.
2030 – Cut total absolute GHG emissions to half (-50%) by 2030, compared to 2010 emissions.
The above Vision 2030 and Target 2020 is part of a recently approved new strategy of Novartis on Environmental Sustainability, covering four areas Energy & Climate, Water & Micro-pollutant, Materials & Waste and Supply Chain Management. It was endorsed by the Executive Committee Novartis on June 26, 2015.
Also endorsed was the voluntary use of an internal Price on Carbon of USD 100 per ton CO2e to be used tp prioritized actions on GHG reductions and support decision making.
2010 baseline annual Scope1 and Scope2 emissions for Novartis were 1579kt CO2e; the 2020 -30% reduction target therefore amounts to 474kt CO2e annual GHG emission reductions, the 2030 50% reduction target to 790kt CO2e.