Amgen to Invest Over $200 Million in Bid to Reach New Environmental Targets

   By Kimberly Chin 
 

Amgen Inc. will invest more than $200 million to help the company reach its environmental targets by 2027, it said Monday.

The seven-year plan, which includes a carbon neutrality commitment, has a target to reduce water use by 40% and waste disposal by 75%, the Thousand Oaks, Calif., company said.

"Such investment will help us to become not just more environmentally sustainable but also more flexible and productive, resulting in reductions in operating costs from such efficiencies over the same period," Amgen said.

The biopharmaceutical company will look at innovative technologies to reduce carbon emissions within its operations, as well as source renewable energy, the company said.

Amgen will invest in sustainability projects that will sequester or avoid greenhouse gas emissions when it is difficult to eliminate carbon emissions from its operations, it said, adding that it will also work with suppliers to reduce the carbon footprint in its supply chain.

Write to Kimberly Chin at [e-mail]

(END) Dow Jones Newswires

January 11, 2021 18:18 ET (23:18 GMT)

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