Zoetis is a global animal health company that specializes in the development, manufacture, and distribution of veterinary drugs and vaccines. The company was founded in 2013 and is headquartered in Parsippany, New Jersey, United States. Zoetis operates in more than 100 countries and has a workforce of over 9,000 employees worldwide. The company's mission is to improve the health and well-being of animals by providing innovative solutions to veterinarians, livestock producers, and pet owners.
Zoetis is committed to sustainability and decarbonisation, and has set ambitious goals to reduce its environmental impact. The company's sustainability strategy is focused on three key areas: reducing greenhouse gas emissions, conserving natural resources, and promoting animal welfare. Zoetis has established a target to reduce its greenhouse gas emissions by 30% by 2020, and has already achieved a 22% reduction since 2015.
One of the ways Zoetis is reducing its greenhouse gas emissions is through corporate energy initiatives. The company is investing in renewable energy sources such as wind and solar power, and has installed solar panels at several of its manufacturing facilities. Zoetis is also implementing energy efficiency measures such as LED lighting and HVAC upgrades to reduce energy consumption and lower its carbon footprint.
Another key component of Zoetis' sustainability strategy is corporate power purchase agreements (PPAs). PPAs are long-term contracts between a company and a renewable energy provider that guarantee a fixed price for electricity generated from renewable sources. Zoetis has signed several PPAs with wind and solar energy providers, which will help the company meet its renewable energy targets and reduce its reliance on fossil fuels.
In addition to its environmental initiatives, Zoetis is committed to promoting animal welfare and sustainable agriculture. The company works closely with livestock producers to develop innovative solutions that improve animal health and productivity while reducing the use of antibiotics and other drugs. Zoetis also supports research and education programs that promote sustainable agriculture practices and improve the welfare of farm animals.
Zoetis' commitment to sustainability and decarbonisation has earned the company recognition from several leading organizations. In 2019, Zoetis was named to the Dow Jones Sustainability Index (DJSI) North America for the sixth consecutive year. The DJSI is a leading benchmark for corporate sustainability performance, and Zoetis was recognized for its leadership in environmental, social, and governance (ESG) practices.
In conclusion, Zoetis is a global animal health company that is committed to sustainability and decarbonisation. The company's environmental initiatives include corporate energy, corporate PPAs, and renewable energy, which are helping to reduce its greenhouse gas emissions and promote a more sustainable future. Zoetis' commitment to animal welfare and sustainable agriculture also demonstrates its dedication to creating a better world for all.