What is the story about?
What's Happening?
Uniphar, a global leader in pharmaceutical and medtech solutions, is progressing towards its Science Based Targets initiative (SBTi) goal of halving Scope 1 and 2 emissions by 2030. The company has achieved a 22.8% reduction in emissions since 2019, aligning with broader climate change goals such as the United Nations Sustainable Development Goal on Climate Action. Uniphar's Climate Change Programme, guided by five strategic Sustainability Pillars, focuses on embedding sustainability across operations. Despite an 8.5% revenue increase in 2024, Uniphar maintained stable energy use, resulting in a 4.8% reduction in absolute Scope 1 and 2 emissions compared to 2023. The company plans to open a new energy-efficient distribution center in Dublin, Ireland, in 2026, designed with sustainability features.
Why It's Important?
Uniphar's efforts to reduce emissions are significant in the context of global climate change initiatives. By achieving a substantial reduction in emissions, the company demonstrates its commitment to sustainable growth and environmental responsibility. This progress supports Uniphar's long-term strategy of embedding sustainability into business operations, which is crucial for maintaining its competitive edge in the pharmaceutical and medtech industries. The new distribution center in Dublin, with its focus on sustainability, further exemplifies Uniphar's dedication to reducing its carbon footprint while expanding its operations.
What's Next?
Uniphar plans to continue its sustainability journey by expanding its fleet of hybrid and electric vehicles and assessing the potential for self-generating renewable energy across its global locations. The company is also identifying carbon hotspots to guide future emissions reduction efforts. Uniphar's science-based emissions targets have been recognized by the SBTi, with commitments to reduce Scope 1 and 2 emissions by 50% by 2030 and ensure that 73.5% of suppliers have science-based targets by 2027. These initiatives will require ongoing engagement with key partners on priority sustainability topics.
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