CLAIM #56351 · Thermo Fisher Scientific Inc (TMO) · 2023Q4 earnings call · Jan 31, 2024 · due Dec 31, 2030
“This progress will help us achieve our recently established target of utilizing 80% renewable electricity globally by 2030.”
Marc Casper · CEO
How to check this claim
Look at: Percentage of global electricity consumption from renewable sources, as disclosed by the company
It came true if: Renewable electricity usage >= 80% globally
Where: Company sustainability/ESG report or corporate responsibility disclosures
In context
“s. The transaction is on track to be completed by mid-2024, subject to customary closing additions, including regulatory approvals. In 2023, we also returned $3.5 billion of capital to shareholders through stock buybacks and dividends. Let me now give you a brief update on our corporate social responsibility initiatives. As a mission-driven company, we help to make the world a better place by enabling the important work of our customers. We also have a positive impact by supporting our communities and being a good steward of our planet. And I'm proud of the actions we took in 2023 in this regard. Building on the environmental sustainability initiatives, we continue to accelerate our transition to renewable energy with on-site solar projects and power purchase agreements around the world. This progress will help us achieve our recently established target of utilizing 80% renewable electricity globally by 2030. To advance Global Health Equity in the fourth quarter, we announced a partnership with Project HOPE to improve the well-being and treatment outcomes for young people living with HIV in Nigeria, the country with the second largest HIV epidemic worldwide. Throughout the year, Thermo Fisher Scientific was once again recognized for our industry leadership and inclusive culture, where colleagues can have a mission-driven career. To list just a few of the recognitions, we were once again included on Fortune's list of the world's most admired companies, as well as Fortune's inaugural list of most innovative companies. Newsweek named us as one of America's most responsible companies, Forbes included us on its list of the world's top companies for women, and named us as one of the best employers”
Verify independently
SEC filings for TMO ↗ · Claim quote is verbatim from the 2023Q4 earnings call.