In 2024, 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 101,392a | 99,437a | 94,845a | |
Total Scope 2 | ||||
Market-Based | 29,273a | 78,749a | 117,636a | |
Location-Based | 116,355a | 126,974a | 142,478a | |
Total Scope 3 | 38,445a | 34,923a | 32,210a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 10.9542a | 11.6382a | 11.7382a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Zoetis amounted to 217,747 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 Zoetis decreased by 3.83%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Zoetis were 101,392 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Zoetis's Scope 1 emissions have increased by 39.99%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Zoetis's Scope 1 emissions increased by 1.97%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Zoetis reported Scope 2 greenhouse gas (GHG) emissions of 29,273 tCO₂e using the market-based method and 116,355 tCO₂e using the location-based method.a
Since 2019, Zoetis's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 50.4%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Zoetis's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Zoetis's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Zoetis reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Zoetis reported 38,445 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 Zoetis includes a breakdown across 2 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
In 2024, Zoetis reported total Scope 3 emissions of 38,445 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
Since 2019, Zoetis's Scope 3 emissions have decreased by 54.69%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Zoetis's Scope 3 emissions increased by 10.09%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Zoetis reported emissions for 2 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.
In 2024, the largest contributors to Zoetis's Scope 3 emissions were:a
In 2024, Zoetis reported Scope 1 greenhouse gas (GHG) emissions of 101,392 tCO₂e and total revenues of USD 9,256 millions. This translates into an emissions intensity of 10.95 tCO₂e per millions USD.a
In 2024, Zoetis reported a Scope 1 emissions intensity of 10.95 tCO₂e per millions USD. Compared to the peer group median of 6.16, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Zoetis ranked 17 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Zoetis is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Zoetis reported a total carbon footprint of 256,192 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.97% decrease compared to 2023, 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 45.42% of the company's total carbon footprint, followed by Scope 1 emissions at 39.58%.a