Abbott Laboratories

Country
United States
Sector
Healthcare
Industry
Medical Devices
Employees
114,000
Ticker
ABT
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Abbott Laboratories, a globally renowned company, specializes in the development and production of healthcare and medical products. Founded in 1888 and headquartered in Abbott Park, Illinois, Abbott i...

Abbott Laboratories Energy Data Preview

In 2023, Abbott Laboratories disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Abbott Laboratories also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.

Additionally, Abbott Laboratories also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Abbott Laboratories also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Abbott Laboratories's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2024202320222021 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Electricity Consumed
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This table provides a simplified preview of selected energy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Abbott Laboratories's Energy Renewability

In 2023, Abbott Laboratories consumed a total of 13.94 million Gigajoules of energy across its operations. Of this total, 5.72% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 94.28% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.

Abbott Laboratories's Energy Renewability Rate

6%

How much of Abbott Laboratories's energy consumed is renewable?

In 2023, Abbott Laboratories consumed a total of 13.94 million Gigajoules of energy, of which 5.72% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Abbott Laboratories has considerable room to improve its energy sustainability strategy.

Are Abbott Laboratories's energy practices becoming more sustainable?

Since 2021, Abbott Laboratories's total energy consumption decreased by 4.61%, including a further 2.2% drop in 2023, highlighting a continued decline in energy use.

Over the same period, the share of renewable energy in Abbott Laboratories's consumption increased by 20.56%, including a 14.14% increase in 2023, showing consistent progress in clean energy adoption.

Overall, Abbott Laboratories has reduced its total energy consumption while steadily increasing its use of renewables, reflecting a strong commitment to reducing its energy-related environmental footprint.

Abbott Laboratories's Renewable vs Non-renewable Energy Over Time

15.31 M7.31 M690.2 k15.31 MGigajoules (GJ)20212022202395%95%94%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Abbott Laboratories's Energy Consumption & Production Mix

In 2023, Abbott Laboratories disclosed detailed information on both the sources and generation technologies of its consumed and produced energy This disclosure enables a clearer assessment of the Abbott Laboratories's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

Abbott Laboratories's Energy Consumed by Sources and Technologies

Natural Gas(50.4%)Electricity(Unspecified Source)(32.5%)Diesel, Gasoline(Petrol), Other Fueland Propane(13.0%)

What are the main sources and generation technologies behind Abbott Laboratories's energy consumption?

In 2023, Abbott Laboratories's total energy consumption was primarily sourced from

  • Natural Gas (50.37%)
  • Electricity (Unspecified Source) (32.54%)
  • Diesel, Gasoline (Petrol), Other Fuel and Propane (12.98%)

How diverse is Abbott Laboratories’s energy consumption mix?

In 2023, Abbott Laboratories consumed energy from 12 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.

What are the main sources or generation technologies used by Abbott Laboratories to produce energy?

In 2023, Abbott Laboratories's energy production came primarily from

  • Other Sources (89.71%)
  • Electricity (Unspecified Source) (10.29%)

How diverse is Abbott Laboratories’s energy production mix?

In 2023, Abbott Laboratories produced energy using 2 different sources or generation technologies. The energy production mix is highly concentrated, with Other Sources alone making up 89.71% of total output.

Abbott Laboratories's Energy Produced by Sources and Technologies

Other Sources(89.7%)Electricity(Unspecified Source)(10.3%)

Insights into Abbott Laboratories's Energy Inflows & Self-Sufficiency

In 2023, Abbott Laboratories reported total energy inflows of 13.94 million Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 13.81 million Gigajoules purchased from external suppliers and 136,000 Gigajoules generated through internal production. This corresponds to a production share of 0.98%, reflecting a 4.94% percentage point increase from the previous year (2022) and a 41.38% percentage point decrease since 2021.

Abbott Laboratories's production share has remained relatively consistent over time, with no significant fluctuations. This stability may indicate a deliberate sourcing strategy built on predictable supply patterns, or a balanced reliance on both internal and external energy sources.

Abbott Laboratories's Energy Purchased vs Produced Over Time

20212022202304 M8 M12 M16 MGigajoules (GJ)99%99%99%
  • Total Energy Produced
  • Total Energy Purchased
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