- Market News
Biogen invests $250 million to eliminate its use of fossil fuels14 Sep 2020
After achieving carbon neutrality in 2014, Biogen further bolsters its action against climate change with the goal to become fossil fuel free by 2040.
Biogen has announced a groundbreaking $250 million, 20-year initiative to eliminate fossil fuels across its operations and collaborate with renowned institutions with the aim to improve health.
Biogen’s goal is to eliminate its fossil fuel emissions by 2040, as well as be a catalyst for positive change by advancing the science around how fossil fuels affect human health and taking action to promote climate and health equity.
To achieve this goal the company plans to:
With this announcement, Biogen becomes the first Fortune 500 company committing to become fossil fuel free across its operations by 2040.
“Our Healthy Climate, Healthy Lives initiative further builds on Biogen’s long-standing strategy to deal with climate change by addressing the interrelated challenges of climate and health, including in the realm of brain health,” said Michel Vounatsos, CEO, Biogen.
According to Vounatsos, Biogen was the first company in the life sciences industry to become carbon neutral.
Are you a supplier?
Here's what CPhI Online can do for you
- Generate quality leads for your business
- Stay visible for 365 days of the year
- Receive product inquiries and respond to meeting requests directly
- Improve company online presence through Search Engine Optimisation