{"id":58778,"date":"2024-01-25T19:06:41","date_gmt":"2024-01-25T18:06:41","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/catalent-commits-to-reducing-greenhouse-gas-emissions-by-2030\/"},"modified":"2024-01-25T19:06:41","modified_gmt":"2024-01-25T18:06:41","slug":"catalent-commits-to-reducing-greenhouse-gas-emissions-by-2030","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/catalent-commits-to-reducing-greenhouse-gas-emissions-by-2030\/","title":{"rendered":"Catalent Commits to Reducing Greenhouse Gas Emissions by 2030"},"content":{"rendered":"<div>\n<p class=\"bwalignc\">\n<i>New targets approved by Science Based Targets initiative (SBTi)<\/i><\/p>\n<p>SOMERSET, N.J.&#8211;(BUSINESS WIRE)&#8211;Catalent, Inc. (NYSE: CTLT), the leader in enabling the development and supply of better treatments for patients worldwide, today announced its targets to reduce greenhouse gas emissions (Scope 1 and 2) by 42% by 2030. The company also committed to engaging with its suppliers, of purchased goods and services, capital goods, and upstream transportation and distribution, such that 70% of their emissions will have reduction goals aligned with science-based targets by the end of fiscal 2028. These targets have been validated by the Science Based Targets initiative (SBTi) and align to the organization\u2019s ambition to limit global temperature rise to 1.5\u00b0C above pre-industrial levels.<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20240125536733\/en\/772236\/5\/Catalent_CMYK.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20240125536733\/en\/772236\/21\/Catalent_CMYK.jpg\"><\/a><br \/><a href=\"https:\/\/mms.businesswire.com\/media\/20240125536733\/en\/772236\/5\/Catalent_CMYK.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20240125536733\/en\/772236\/22\/Catalent_CMYK.jpg\"><\/a><\/p>\n<p>\n\u201cOur mission to deliver products that help people live better lives goes hand in hand with our commitment to environmental responsibility and actions to limit climate change,\u201d said Alessandro Maselli, President and Chief Executive Officer of Catalent, Inc. \u201cAs a leading contract manufacturing and development organization, it\u2019s important that we are guided by science-based targets and that we hold our partners accountable to the same standards so that we can make progress for a more sustainable future.\u201d<\/p>\n<p>\nBelow are Catalent\u2019s SBTi-approved targets:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nReduce absolute Scope 1 and Scope 2 greenhouse gas emissions 42% by fiscal 2030 against a fiscal 2022 baseline year.<\/li>\n<li>\nReduce absolute Scope 3 greenhouse gas emissions from fuel- and energy-related activities, and employee commuting by 25% within the same timeframe.<\/li>\n<li>\nCommit to engaging with its suppliers, of purchased goods and services, capital goods, and upstream transportation and distribution, such that 70% of their emissions will have reduction goals aligned with science-based targets. This commitment to be achieved by end of fiscal 2028.<\/li>\n<\/ul>\n<p>\nCatalent <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.catalent.com%2Fcatalent-news%2Fcatalent-achieves-97-renewable-electricity-sourcing-and-commits-to-science-based-target-initiative-to-reduce-carbon-footprint%2F&amp;esheet=53887905&amp;newsitemid=20240125536733&amp;lan=en-US&amp;anchor=achieved&amp;index=1&amp;md5=0f658c3daf471deb9c1dab5266513e73\" rel=\"nofollow noopener\" shape=\"rect\">achieved<\/a> its initial carbon reduction goal ahead of time through site-based energy reduction projects and transitioning the majority of our sites to renewable electricity. In July 2021, the company signed a letter of commitment with the <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsciencebasedtargets.org%2F&amp;esheet=53887905&amp;newsitemid=20240125536733&amp;lan=en-US&amp;anchor=Science+Based+Target+initiative&amp;index=2&amp;md5=684727db867de5f6ebb2b4f776d37cd6\" rel=\"nofollow noopener\" shape=\"rect\">Science Based Target initiative<\/a> (SBTi), joining a growing list of companies setting actionable, science-based greenhouse gas emission reduction targets to limit global warming.<\/p>\n<p>\nSince 2021, Catalent reviewed and reinforced its roadmap to reduce greenhouse gas emissions with a focus on energy efficiency and renewable energy programs.<\/p>\n<p>\nCatalent also conducted its first Scope 3 inventory in fiscal 2023 that showed more than 80% of its emissions are generated by its value chain. Catalent has strengthened and expanded its SBTi targets for Scope 3 to multiply impact through its suppliers. The company implemented a supplier engagement program to drive sustainability improvements, and support and monitor progress of its SBTi target along the value chain.<\/p>\n<p>\nTo learn more about how Catalent is improving operational efficiency, reducing greenhouse gas emissions, eliminating waste, and conserving water to contribute to the health of the planet, download the most recent Report at <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.catalent.com%2Fabout-us%2Fcorporate-responsibility%2F&amp;esheet=53887905&amp;newsitemid=20240125536733&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.catalent.com%2Fabout-us%2Fcorporate-responsibility%2F&amp;index=3&amp;md5=7c910ad5dd8e34fb42c50de6fc3acea8\" rel=\"nofollow noopener\" shape=\"rect\">https:\/\/www.catalent.com\/about-us\/corporate-responsibility\/<\/a>.<\/p>\n<p>\nThe Science Based Targets initiative (SBTi) is a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting and independently assesses companies\u2019 targets.<\/p>\n<p>\nABOUT CATALENT<\/p>\n<p>\nCatalent, Inc. (NYSE: CTLT), is the global leader in enabling pharma, biotech, and consumer health partners to optimize product development, launch, and full life-cycle supply for patients around the world. With broad and deep scale and expertise in development sciences, delivery technologies, and multi-modality manufacturing, Catalent is a preferred industry partner for personalized medicines, consumer health brand extensions, and blockbuster drugs. Catalent helps accelerate over 1,500 partner programs and launch over 150 new products every year. Its flexible manufacturing platforms at over 50 global sites supply approximately 70 billion doses of nearly 8,000 products annually. Catalent\u2019s expert workforce of nearly 18,000 includes more than 3,000 scientists and technicians. Headquartered in Somerset, New Jersey, the company generated nearly $4.3 billion in revenue in its 2023 fiscal year. For more information, visit <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.catalent.com&amp;esheet=53887905&amp;newsitemid=20240125536733&amp;lan=en-US&amp;anchor=www.catalent.com&amp;index=4&amp;md5=cb9fbb688e0b32a69ed86f8a10759b34\" rel=\"nofollow noopener\" shape=\"rect\">www.catalent.com<\/a>.<\/p>\n<p> <b>Contacts<\/b> <\/p>\n<p>\n<b>Media:<\/b><br \/>Laura Hortas<br \/>\n<br \/>+1 (609) 240 7025<br \/>\n<br \/><a target=\"_blank\" href=\"&#x6d;&#x61;&#x69;&#x6c;&#x74;&#x6f;&#x3a;&#x4d;&#x65;&#x64;&#x69;&#x61;&#x40;&#x63;&#x61;&#x74;&#x61;&#x6c;&#x65;&#x6e;&#x74;&#x2e;&#x63;&#x6f;&#x6d;\" rel=\"nofollow noopener\" shape=\"rect\">&#77;&#x65;&#100;&#x69;a&#64;&#x63;&#97;&#x74;a&#x6c;e&#110;&#x74;&#46;&#x63;o&#x6d;<\/a><\/p>\n<p>\n<b>Investor Relations:<\/b><br \/>Paul Surdez<br \/>\n<br \/>+1 (732) 537 6325<br \/>\n<br \/><a target=\"_blank\" href=\"&#109;&#x61;&#105;&#x6c;t&#x6f;:&#105;&#x6e;&#118;&#x65;s&#x74;o&#114;&#x73;&#64;&#x63;a&#x74;a&#108;&#x65;&#110;&#x74;&#46;&#x63;o&#109;\" rel=\"nofollow noopener\" shape=\"rect\">&#105;&#x6e;&#118;&#x65;&#115;&#x74;o&#x72;s&#64;&#x63;&#97;&#x74;&#97;&#x6c;e&#x6e;t&#46;&#x63;&#111;&#x6d;<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New targets approved by Science Based Targets initiative (SBTi) SOMERSET, N.J.&#8211;(BUSINESS WIRE)&#8211;Catalent, Inc. (NYSE: CTLT), the leader in enabling the development and supply of better treatments for patients worldwide, today announced its targets to reduce greenhouse gas emissions (Scope 1 and 2) by 42% by 2030. The company also committed to engaging with its suppliers, &#8230; <span class=\"more\"><a class=\"more-link\" href=\"https:\/\/pharma-trend.com\/en\/catalent-commits-to-reducing-greenhouse-gas-emissions-by-2030\/\">[Read more&#8230;]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-58778","6":"format-standard","7":"category-industry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Catalent Commits to Reducing Greenhouse Gas Emissions by 2030 - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/catalent-commits-to-reducing-greenhouse-gas-emissions-by-2030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Catalent Commits to Reducing Greenhouse Gas Emissions by 2030 - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"New targets approved by Science Based Targets initiative (SBTi) SOMERSET, N.J.&#8211;(BUSINESS WIRE)&#8211;Catalent, Inc. (NYSE: CTLT), the leader in enabling the development and supply of better treatments for patients worldwide, today announced its targets to reduce greenhouse gas emissions (Scope 1 and 2) by 42% by 2030. The company also committed to engaging with its suppliers, ... 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