Teva Named One of the World's Most Sustainable Companies

Teva, a global pharmaceutical leader, has been recognized as one of the most sustainable companies in the world by TIME magazine and data firm Statista. The list of 500 companies measures how big and influential companies are living up to their promises to protect the planet. Teva's commitment to sustainability is rooted in its purpose, "Healthy Future," which aims to promote healthy people, a healthy planet, and a healthy business, recognizing that they are interconnected. By taking bold action to reduce greenhouse gas emissions, address antimicrobial resistance, and promote responsible manufacturing, Teva is making significant strides in its sustainability journey.

Key Takeaways:

• Teva's sustainability strategy, "Healthy Future," encompasses all aspects of the company's operations and initiatives to promote a healthy planet, people, and business.
• The company has achieved a 27% reduction in scope 1 and 2 emissions (vs. 2019) in 2023, meeting its 2025 target two years ahead of schedule.
• Teva has set ambitious greenhouse gas emissions reduction targets, including a 46% reduction by 2030 and a 25% reduction in scope 3 emissions by 2030 (vs. 2020), with plans to achieve net zero emissions across operations and value chain by 2045.
• Teva has issued $7.5 billion in sustainability-linked bonds (SLBs) tied to key commitments, including emissions reduction and access to medicines targets, making it the largest issuer of SLBs in the pharmaceutical sector and second-largest globally.
• The company requires suppliers to adhere to high standards, including establishing GHG emissions baselines and reduction targets, participating in audits and assessments to ensure responsible production of antibiotics.
• Teva publishes an annual report to share progress and has improved its scores in four key ratings (MSCI, Sustainalytics, ISS, and EcoVadis) and received an A- Climate score and B Water score from CDP.

Statistics:

• 27% reduction in scope 1 and 2 emissions (vs. 2019) in 2023
• $7.5 billion in sustainability-linked bonds (SLBs) issued
• 46% reduction in greenhouse gas emissions by 2030
• 25% reduction in scope 3 emissions by 2030 (vs. 2020)
• 2045 - planned date for achieving net zero emissions across operations and value chain
• 2035 - planned date for achieving 100% renewable electricity across all Teva sites
• 500 - number of companies on the inaugural TIME/Statista list of the world's most sustainable companies

Sources:

• TIME magazine
• Statista
• Science Based Targets initiative (SBTi)
• M2 PressWIRE
• M2 Communications