Zoetis Announces Renewable Goals to Protect Planet

Published on: 7 January 2022 08:55 PM
by KnowESG

A Brief Summary

Zoetis, a global animal health company, announced its new sustainable goals. The targets are set to achieve carbon neutrality and use 100% renewable energy in its operation by 2030. The updated commitments are underscored by investments in technology and a strong governance structure.

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The new goals underscore the company's commitment to achieving a sustainable world to live, in the years to come. A month ago, Zoetis announced the purchase agreement of 40 MW virtual power for 15 years with renewable energy asset developer and operator Vesper Energy, sufficient to power 33% of Zoetis' North American operations.

North America alone represents 75% of the firm's global electricity consumption. Many of the Zoetis' sites in several countries such as Norway, Belgium and Ireland are powered 100% renewable electricity.

Zoetis is one of the important members of RE100, an initiative led by the Climate Group in partnership with CDP, which brings together the world's top-most influential companies committed to 100% renewable electricity.

Some of the other main climate initiatives of the company include optimization of heating, ventilation, air conditioning equipment etc. The company also stated that it looks forward to offsetting the final share of Scope 1 and 2 emissions and creating transparency into Scope 3 emissions as well.