Johnson & Johnson

"Johnson & Johnson has set a net zero target for 2045, covering carbon dioxide and other greenhouse gases. Net Zero Tracker
This includes scope 1, 2, and 3 emissions, but does not cover historical emissions. Net Zero Tracker
By 2030, the company aims to achieve carbon neutrality for its operations, reducing absolute scope 1 and 2 emissions by 60% from 2016 levels. Net Zero Tracker
An interesting fact about their environmental policy is that they are signatories of the Race to Zero/ Business Ambition for 1.5 campaign, demonstrating their commitment to environmental sustainability. Net Zero Tracker
In addition, you can …"

Current Score (vs. LY)

64.2 pts (7.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #28

S&P100: #17

Health Care: #4

83.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

60.4%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

50.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 367,674363,686426,074
Scope 2 - location-based 616,093610,320629,674
Scope 2 - market-based 397,086383,480542,756
Scope 1-2 - location-based 983,767974,0061,055,748
Scope 1-2 - market-based 764,760 747,166 968,830
Scope 3 17,414,18516,494,36016,892,158
Total - location-based 18,397,95217,468,36617,947,906
Total - market-based 17,937,924 17,241,526 17,860,988

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 5,706,97917,937,924
Methodology Pre-calculated sector intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Johnson & Johnson belongs to the sector Health Care.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 20.0 2010 2020
S3 20.0 2016 2030 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 60.0 2016 2030
S1S2MKT 80.0 2010 2050

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 100.0 2016 2030

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2LOC NO 2030
S1S2S3MKT FULL 2045

Science-based Targets (SBTI)

Date Published / Updated :01/04/2024

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 No target Yes
Johnson & Johnson is a member of the Business Ambition for 1.5 campaign (link here )

Johnson & Johnson commits to reduce absolute scope 1 and 2 GHG emissions
44% by 2030 from a 2021 base year.* Johnson & Johnson also commits that 80%
of its suppliers by emissions covering purchased goods and services and
upstream transportation and distribution, will have science-based targets by 2028.
* The target boundary includes biogenic land-related emissions and removals from
bioenergy feedstocks.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Johnson & Johnson by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Yes (nature-based removals e.g. Forestation, soil carbon enhancement)

Additional notes: mention of credits to achieve carbon neutrality goal % absolute reduction in greenhouse gas (GHG) emissions – Scope 1 + 2 + carbon credits vs. 2016 baseline. How Johnson & Johnson will reach their goals: Deliver nature-based climate solutions. After other options have been vetted, Johnson & Johnson will invest in carbon compensation and removal partnerships.

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 0.0
Transparency 25.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 4.166666666666667 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 24.166666666666668 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 5.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 2.5
Results 15.0 30.0 7.5
Total 64.2 100.0 7.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 10.0 0.0 10.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2020 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2030 3.3 / 5.0 3.3 0.0 3.3
Target year for achieving net zero emissions for S1+S2+S3 combined? 2045 0.8 / 5.0 0.8 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 10.0 0.0 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 21.4
Actual (in %): 36.0
5.0 / 5.0 0.0 5.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 4.2
Actual (in %): -2.4
0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 7.5 2.5 7.5
Total 64.2 / 100.0 56.7 7.5 51.8


Available Data Sources

Reporting Year 2021 2021 2021 2020 2020 2020 2020 2019 2019 2019 2019 2019 2018 2018 2018
Source NZPDU Public Yourstake Public CDP NZPDU Public Public Public CDP NZPDU Wikirate Public NZPDU Wikirate
Publication Year 2022 2022 unknown 2022 2021 2021 2021 2022 2021 2020 2020 2020 2021 2019 unknown
Scope 1 367,674 367,674 367,674 363,686 363,924 363,924 363,924 426,074 415,094 415,094 415,094 415,094 452,407 445,054 445,054
Scope 2 - location-based 616,093 616,093 616,093 610,320 641,489 641,489 641,489 629,674 648,598 648,598 648,598 1,167,140 681,416 680,326 1,230,806
Scope 2 - market-based 397,086 397,086 397,086 383,480 383,745 383,745 383,745 542,756 518,542 518,542 518,542 NA 583,361 550,480 NA
Scope 1-2 - location-based 983,767 983,767 983,767 974,006 1,005,413 1,005,413 1,005,413 1,055,748 1,063,692 1,063,692 1,063,692 1,582,234 1,133,823 1,125,380 1,675,860
Scope 1-2 - market-based 764,760 764,760 764,760 747,166 747,669 747,669 747,669 968,830 933,636 933,636 933,636 NA 1,035,768 995,534 NA
Scope 3 17,414,185 17,358,853 17,358,853 16,494,360 20,431,301 20,431,301 12,406,143 16,892,158 12,874,161 20,365,501 20,365,501 7,248,612 12,570,036 19,599,200 6,894,347
Total - location-based 18,397,952 18,342,620 18,342,620 17,468,366 21,436,714 21,436,714 13,411,556 17,947,906 13,937,853 21,429,193 21,429,193 8,830,846 13,703,859 20,724,580 8,570,207
Total - market-based 17,937,924 18,123,613 18,123,613 17,241,526 20,995,883 20,995,883 13,153,812 17,860,988 13,807,797 21,251,892 21,251,892 NA 13,605,804 20,543,913 NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog