Thermo Fisher Scientific Inc

Common Name
Thermo Fisher Scientific
Country
United States
Sector
Healthcare
Industry
Diagnostics & Research
Employees
125,000
Ticker
TMO
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Thermo Fisher Scientific Inc. is a global leader in providing analytical instruments, laboratory equipment, and life science solutions. The company serves a wide range of industries, including pharmac...

Thermo Fisher Scientific's GHG Emissions Data Preview

In 2024, Thermo Fisher Scientific completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Thermo Fisher Scientific has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Thermo Fisher Scientific’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Thermo Fisher Scientific’s data sources below and access millions more through our Disclosure Search.

a. Thermo Fisher Scientific's ESG Data Spreadsheet 2024
a. Thermo Fisher Scientific's ESG Data Spreadsheet 2024

Insights into Thermo Fisher Scientific's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Thermo Fisher Scientific amounted to 767,525 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Thermo Fisher Scientific increased by 1%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Thermo Fisher Scientific's Scope 1 Emissions Over Time

2018201920202021202220232024085 k170 k255 k340 ktCO2e+1%0%+7%+1%0%-4%
  • Total Scope 1
  • Year-over-Year Change

What are Thermo Fisher Scientific's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Thermo Fisher Scientific were 315,843 metric tons of CO₂ equivalent (tCO₂e). a

Has Thermo Fisher Scientific reduced its Scope 1 emissions over time?

Since 2018, Thermo Fisher Scientific's Scope 1 emissions have increased by 5.28%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Thermo Fisher Scientific's Scope 1 emissions decreased by 4.31%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Thermo Fisher Scientific's Scope 2 emissions?

In 2024, Thermo Fisher Scientific reported Scope 2 greenhouse gas (GHG) emissions of 241,105 tCO₂e using the market-based method and 451,682 tCO₂e using the location-based method. a

Has Thermo Fisher Scientific reduced its Scope 2 emissions over time?

Since 2018, Thermo Fisher Scientific's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have remained relatively stable, indicating that Thermo Fisher Scientific 's emissions have plateaued with no significant change in its energy consumption footprint. a

Compared to the previous year (2023), Thermo Fisher Scientific's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Thermo Fisher Scientific 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Thermo Fisher Scientific use for Scope 2 reporting?

In 2024, Thermo Fisher Scientific reported its Scope 2 emissions using the market-based method and using the location-based method. a

Thermo Fisher Scientific's Scope 2 Emissions Over Time

20182019202020212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Thermo Fisher Scientific's Value Chain Emissions

In 2024, Thermo Fisher Scientific reported 8,401,722 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Thermo Fisher Scientific includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Thermo Fisher Scientific's Scope 3 Emissions Over Time

2020202120222023202403.5 M7 M10.5 M14 MtCO2e+9%-5%-17%-12%
  • Total Scope 3
  • Year-over-Year Change

What are Thermo Fisher Scientific's Scope 3 emissions?

In 2024, Thermo Fisher Scientific reported total Scope 3 emissions of 8,401,722 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 81.48% of these emissions originated from upstream activities such as purchased goods and capital goods, while 18.52% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), Thermo Fisher Scientific's Scope 3 emissions decreased by 12.15%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Thermo Fisher Scientific disclose?

In 2024, Thermo Fisher Scientific reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Thermo Fisher Scientific's Scope 3 emissions?

In 2024, the largest contributors to Thermo Fisher Scientific's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 4,893,687 tCO₂e (58.62%)
  • Use of Sold Products (Cat. 11): 1,546,447 tCO₂e (18.52%)
  • Upstream Transportation and Distribution (Cat. 4): 1,072,792 tCO₂e (12.85%)

Thermo Fisher Scientific's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(12.9%)Use of Sold Products(Cat. 11)(18.5%)Purchased Goods andServices (Cat. 1)(58.6%)

Insights into Thermo Fisher Scientific’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Thermo Fisher Scientific reported Scope 1 greenhouse gas (GHG) emissions of 315,843 tCO₂e and total revenues of USD 42,879 millions. This translates into an emissions intensity of 7.37 tCO₂e per millions USD. a

Thermo Fisher Scientific's Scope 1 Emissions Intensity Compared to Peers

51005,000100,0002,000,000Scope 1 Emissions (tCO2e)1005005,00020,000200,000Revenues (Millions of USD)RTMolina HealthcareYear: 2024Scope 1: 6,890 tCO2eRevenue: $M 40,646Scope 1 Intensity: 0.17 tCO2e/$MIQVIA HoldingsYear: 2023Scope 1: 8,221 tCO2eRevenue: $M 14,983Scope 1 Intensity: 0.55 tCO2e/$MVeracyteYear: 2023Scope 1: 448 tCO2eRevenue: $M 361Scope 1 Intensity: 1.24 tCO2e/$MBristol-Myers SquibbYear: 2024Scope 1: 206,726 tCO2eRevenue: $M 48,300Scope 1 Intensity: 4.28 tCO2e/$MExact SciencesYear: 2024Scope 1: 12,121 tCO2eRevenue: $M 2,759Scope 1 Intensity: 4.39 tCO2e/$MDanaherYear: 2024Scope 1: 109,046 tCO2eRevenue: $M 23,875Scope 1 Intensity: 4.57 tCO2e/$MBecton Dickinson and CoYear: 2023Scope 1: 162,475 tCO2eRevenue: $M 19,372Scope 1 Intensity: 8.39 tCO2e/$MGilead SciencesYear: 2024Scope 1: 53,856 tCO2eRevenue: $M 28,754Scope 1 Intensity: 1.87 tCO2e/$MMettler-Toledo InternationalYear: 2024Scope 1: 27,797 tCO2eRevenue: $M 3,872Scope 1 Intensity: 7.18 tCO2e/$MGuardant HealthYear: 2023Scope 1: 1,659 tCO2eRevenue: $M 564Scope 1 Intensity: 2.94 tCO2e/$MIlluminaYear: 2024Scope 1: 18,836 tCO2eRevenue: $M 4,372Scope 1 Intensity: 4.31 tCO2e/$MAgilent TechnologiesYear: 2024Scope 1: 29,698 tCO2eRevenue: $M 6,510Scope 1 Intensity: 4.56 tCO2e/$MQuest DiagnosticsYear: 2021Scope 1: 238,910 tCO2eRevenue: $M 10,788Scope 1 Intensity: 22.15 tCO2e/$MWatersYear: 2023Scope 1: 12,660 tCO2eRevenue: $M 2,956Scope 1 Intensity: 4.28 tCO2e/$MAmgenYear: 2024Scope 1: 147,000 tCO2eRevenue: $M 33,424Scope 1 Intensity: 4.40 tCO2e/$MSotera HealthYear: 2023Scope 1: 39,206 tCO2eRevenue: $M 1,049Scope 1 Intensity: 37.36 tCO2e/$MStrykerYear: 2023Scope 1: 54,854 tCO2eRevenue: $M 20,498Scope 1 Intensity: 2.68 tCO2e/$MMerck & Co IncYear: 2024Scope 1: 721,200 tCO2eRevenue: $M 64,168Scope 1 Intensity: 11.24 tCO2e/$MRRRevvityYear: 2023Scope 1: 2,121 tCO2eRevenue: $M 2,751Scope 1 Intensity: 0.77 tCO2e/$MTTTwist BioscienceYear: 2024Scope 1: 7 tCO2eRevenue: $M 313Scope 1 Intensity: 0.02 tCO2e/$MCharles River LaboratoriesYear: 2023Scope 1: 85,957 tCO2eRevenue: $M 4,129Scope 1 Intensity: 20.82 tCO2e/$MIDEXX LaboratoriesYear: 2024Scope 1: 18,461 tCO2eRevenue: $M 3,898Scope 1 Intensity: 4.74 tCO2e/$MEnvista HoldingsYear: 2024Scope 1: 3,000 tCO2eRevenue: $M 2,511Scope 1 Intensity: 1.19 tCO2e/$MNateraYear: 2024Scope 1: 5,143 tCO2eRevenue: $M 1,697Scope 1 Intensity: 3.03 tCO2e/$MThermo Fisher ScientificYear: 2024Scope 1: 315,843 tCO2eRevenue: $M 42,879Scope 1 Intensity: 7.37 tCO2e/$M

How does Thermo Fisher Scientific's GHG emissions intensity compare to its peers?

In 2024, Thermo Fisher Scientific reported a Scope 1 emissions intensity of 7.37 tCO₂e per millions USD. Compared to the peer group median of 4.3 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Thermo Fisher Scientific rank on GHG emissions intensity within its industry?

In 2024, Thermo Fisher Scientific ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Thermo Fisher Scientific among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Thermo Fisher Scientific's Total Carbon Footprint

In 2024, Thermo Fisher Scientific reported a total carbon footprint of 9,169,247 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.18% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Thermo Fisher Scientific's total carbon footprint was Scope 3 emissions, accounting for 91.63% of the company's total carbon footprint, followed by Scope 2 emissions at 4.93%. a

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