US-based Pfizer has reached five-year public goal of reducing its greenhouse gas emissions (GHG) by 20% in a year earlier than expected.
As a result of the achievement within four years, Pfizer achieved $85m in annualized project savings.
Pfizer health and safety global environment vice president Steve Brooks said environmental sustainability is aligned with Pfizer's strategic business imperatives, including making the right capital allocations.
"While undertaking our ambitious greenhouse reduction goal, Pfizer achieved $85 million in annualized project savings and, on average, every dollar that we have invested in the program gets paid back in two years," Brooks added.
More than 1,500 energy conservation and utility projects designed to improve efficiency and promote environmental sustainability were implemented along with other initiatives that reduced product packaging and increased use of renewable energy sources, according to Pfizer.