Boston Scientific is set to become a carbon neutral business—and will save money doing it. Download EDF Climate Corps' case study [PDF].
Holding the title as the country’s 21st greenest company, Boston Scientific has something to be proud of. The worldwide developer and manufacturer of medical devices has a longstanding commitment to improve its environmental performance, support communities and conduct responsible operations, setting it apart from others in the industry.
And with this passion for sustainability comes the constant drive to do more—to dig deeper in an effort to find greater savings, both in energy and costs. So the decision to set an ambitious goal of becoming carbon neutral by 2030 came as no surprise.
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The power of partnerships
Boston Scientific’s sustainability journey started a while back, with EDF Climate Corps by its side. In 2015, the beginning focus was put on energy efficiency upgrades: where did the company currently stand on energy use and what further value could be seen through financial investments in efficiency projects.
EDF Climate Corps fellow Srihari Balasubramanian assisted in the development of an energy maturity model to evaluate how Boston Scientific’s sites were doing in terms of energy efficiency and created site-specific reports detailing action plans complete with financial metrics measuring project ROI and emissions reduction for each facility.
- 11,000ton reduction in GHG emissions in 2016.
- 32%reduction in CO2 emissions since 2009, equivalent to 52,000 tons.
The following year more progress was made. The company reduced GHG emissions by 11,000 tons and generated 2.6 GW hours of solar energy on its sites.
EDF Climate Corps fellow Nick Henner built out the Energy Management Maturity Model and benchmarked the energy performance progress of each facility, providing a reference point for future goal setting and action planning.
Boston Scientific felt good about where things stood. It had an understanding of energy use at each of its facilities and had developed a full-blown Energy Network Training (via Schneider University) to educate stakeholders on sustainability initiatives. By 2016, Boston Scientific had achieved a 32% reduction in CO2 emissions since 2009, equivalent to 52,000 tons of CO2 or more than 11,000 passenger vehicles driven for one year. But the company wasn’t stopping there.
A high-level roadmap...
In 2017, Boston Scientific set the goal of achieving Scope 1 and Scope 2 carbon neutrality at its manufacturing and distribution sites by 2030.
EDF Climate Corps fellow Alex Bothner and the corporate communications team developed a strategy for announcing the new carbon neutrality commitment and created a high-level roadmap to get there, including renewable energy project and financing options as well as guidelines for renewable energy and REC procurement.
...followed by a systematic approach
But businesses can’t just set a target with no plan on how to achieve it. Boston Scientific follows a global energy management system (GEMS) methodology to help ensure it meets this, and other, targets. The primary method reaching this goal will be reducing scope 1 and 2 emissions as much as possible, with investments in offset projects for unavoidable scope 1 emissions.
The approach, known as C3, will focus on a combination of three broad tactics:
- Cutting our energy use
- converting to renewable energy sources instead of fossil fuels
- compensating with carbon offset projects where needed.
Boston Scientific’s commitment is smart business. It’s an opportunity to demonstrate leadership, strengthen investor confidence and credibility and improve profitability and competitiveness, which together equals greater business value.
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Download EDF's case study [PDF].