Zoetis Inc

Common Name
Zoetis
Country
United States
Sector
Healthcare
Industry
Drug Manufacturers - Specialty & Generic
Employees
13,800
Ticker
ZTS
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Zoetis Inc. is a global leader in the animal healthcare sector, specializing in the development, manufacture, and commercialization of a diverse range of medicines and vaccines for pets and livestock....

Zoetis's GHG Emissions Data Preview

In 2023, Zoetis 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).

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

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Zoetis’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 Zoetis’s data sources below and access millions more through our Disclosure Search.

a. Zoetis's Sustainability Report 2023
a. Zoetis's Sustainability Report 2023
b. Zoetis's Sustainability Report 2020
b. Zoetis's Sustainability Report 2020

Insights into Zoetis's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Zoetis amounted to 289,387 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 2022, the total operational greenhouse gas (GHG) emissions of Zoetis decreased by 14.63%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Zoetis's Scope 1 Emissions Over Time

201820192020202120222023030 k60 k90 k120 ktCO2e+3%+5%+33%+11%-1%
  • Total Scope 1
  • Year-over-Year Change

What are Zoetis's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Zoetis were 111,637 metric tons of CO₂ equivalent (tCO₂e). a

Has Zoetis reduced its Scope 1 emissions over time?

Since 2018, Zoetis's Scope 1 emissions have increased by 58.89%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Zoetis's Scope 1 emissions remained relatively stable, indicating that Zoetis's emissions have plateaued with no significant change in its operational footprint. a

What are Zoetis's Scope 2 emissions?

In 2023, Zoetis reported Scope 2 greenhouse gas (GHG) emissions of 121,167 tCO₂e using the market-based method and 177,750 tCO₂e using the location-based method. a

Has Zoetis reduced its Scope 2 emissions over time?

Since 2018, Zoetis's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 13.78%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2022), Zoetis's Scope 2 emissions (Location-Based) fell by 21.5% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Zoetis use for Scope 2 reporting?

In 2023, Zoetis reported its Scope 2 emissions using the market-based method and using the location-based method. a

Zoetis's Scope 2 Emissions Over Time

201820192020202120222023065 k130 k195 k260 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Zoetis's Value Chain Emissions

In 2023, Zoetis reported 72,668 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 2023 disclosure of Zoetis includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Zoetis's Scope 3 Emissions Over Time

2019202120222023025 k50 k75 k100 ktCO2e-54%+67%+11%
  • Total Scope 3
  • Year-over-Year Change

What are Zoetis's Scope 3 emissions?

In 2023, Zoetis reported total Scope 3 emissions of 72,668 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2022), Zoetis's Scope 3 emissions increased by 11%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Zoetis disclose?

In 2023, Zoetis reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Zoetis's Scope 3 emissions?

In 2023, the largest contributors to Zoetis's Scope 3 emissions were: a

  • Downstream Transportation and Distribution (Cat. 9): 36,334 tCO₂e (50%)
  • Business Travel (Cat. 6): 21,399 tCO₂e (29.45%)
  • Employee Commuting (Cat. 7): 14,935 tCO₂e (20.55%)

Zoetis's Scope 3 Emissions by Categories

DownstreamTransportation andDistribution(Cat. 9)(50.0%)Business Travel(Cat. 6)(29.4%)Employee Commuting(Cat. 7)(20.6%)

Insights into Zoetis’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Zoetis reported Scope 1 greenhouse gas (GHG) emissions of 111,637 tCO₂e and total revenues of USD 8,544 millions. This translates into an emissions intensity of 13.07 tCO₂e per millions USD. a

Zoetis's Scope 1 Emissions Intensity Compared to Peers

2002,00010,000100,000500,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)AIncyteYear: 2024Scope 1: 9,576 tCO2eRevenue: $M 4,241Scope 1 Intensity: 2.26 tCO2e/$MResmedYear: 2023Scope 1: 4,453 tCO2eRevenue: $M 4,223Scope 1 Intensity: 1.05 tCO2e/$MIQVIA HoldingsYear: 2023Scope 1: 8,221 tCO2eRevenue: $M 14,983Scope 1 Intensity: 0.55 tCO2e/$MInsmedYear: 2024Scope 1: 1,666 tCO2eRevenue: $M 364Scope 1 Intensity: 4.58 tCO2e/$MAptargroupYear: 2023Scope 1: 24,660 tCO2eRevenue: $M 3,487Scope 1 Intensity: 7.07 tCO2e/$MInsuletYear: 2024Scope 1: 1,383 tCO2eRevenue: $M 2,072Scope 1 Intensity: 0.67 tCO2e/$MAvantorYear: 2023Scope 1: 26,095 tCO2eRevenue: $M 6,967Scope 1 Intensity: 3.75 tCO2e/$MEdwards LifesciencesYear: 2024Scope 1: 15,682 tCO2eRevenue: $M 5,439Scope 1 Intensity: 2.88 tCO2e/$MCooper CompaniesYear: 2024Scope 1: 58,155 tCO2eRevenue: $M 3,895Scope 1 Intensity: 14.93 tCO2e/$MMettler-Toledo InternationalYear: 2024Scope 1: 27,797 tCO2eRevenue: $M 3,872Scope 1 Intensity: 7.18 tCO2e/$MPrestige Consumer HealthcareYear: 2021Scope 1: 1,304 tCO2eRevenue: $M 943Scope 1 Intensity: 1.38 tCO2e/$MHenry ScheinYear: 2024Scope 1: 33,555 tCO2eRevenue: $M 12,673Scope 1 Intensity: 2.65 tCO2e/$MViatrisYear: 2024Scope 1: 95,438 tCO2eRevenue: $M 14,739Scope 1 Intensity: 6.48 tCO2e/$MAAAmneal PharmaceuticalsYear: 2024Scope 1: 40,500 tCO2eRevenue: $M 2,794Scope 1 Intensity: 14.50 tCO2e/$MElanco Animal HealthYear: 2024Scope 1: 175,807 tCO2eRevenue: $M 4,439Scope 1 Intensity: 39.61 tCO2e/$MStrykerYear: 2023Scope 1: 54,854 tCO2eRevenue: $M 20,498Scope 1 Intensity: 2.68 tCO2e/$MAlnylam PharmaceuticalsYear: 2024Scope 1: 3,832 tCO2eRevenue: $M 2,248Scope 1 Intensity: 1.70 tCO2e/$MZimmer Biomet HoldingsYear: 2024Scope 1: 10,191 tCO2eRevenue: $M 7,679Scope 1 Intensity: 1.33 tCO2e/$MIDEXX LaboratoriesYear: 2024Scope 1: 18,461 tCO2eRevenue: $M 3,898Scope 1 Intensity: 4.74 tCO2e/$MDaVitaYear: 2024Scope 1: 54,485 tCO2eRevenue: $M 12,815Scope 1 Intensity: 4.25 tCO2e/$MBoston ScientificYear: 2024Scope 1: 87,567 tCO2eRevenue: $M 16,747Scope 1 Intensity: 5.23 tCO2e/$MVertex PharmaceuticalsYear: 2024Scope 1: 8,976 tCO2eRevenue: $M 11,020Scope 1 Intensity: 0.81 tCO2e/$MZoetisYear: 2023Scope 1: 111,637 tCO2eRevenue: $M 8,544Scope 1 Intensity: 13.07 tCO2e/$M

How does Zoetis's GHG emissions intensity compare to its peers?

In 2023, Zoetis reported a Scope 1 emissions intensity of 13.07 tCO₂e per millions USD. Compared to the peer group median of 3.31 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Zoetis rank on GHG emissions intensity within its industry?

In 2023, Zoetis ranked 20 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Zoetis's Total Carbon Footprint

In 2023, Zoetis reported a total carbon footprint of 362,055 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.48% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Zoetis's total carbon footprint was Scope 2 emissions, accounting for 49.09% of the company's total carbon footprint, followed by Scope 1 emissions at 30.83%. a

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