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Energy and Emissions

We have been setting energy and emissions goals since the early 1990s as part of a comprehensive and global approach to sustainability. Our new set of goals pushes our ambitions even further by committing to source 100% of our electricity from renewable sources by 2030 and operate globally with net neutral greenhouse gas (GHG) emissions by 2040. The work for getting there has already started across our facilities, R&D labs, production sites and offices around the world, led by BMS’ Global Energy and Sustainability Services team and supported by other teams across our regions and business units.

BMS completed the acquisition of Celgene in November 2019. For clarity and simplicity, environmental data for heritage BMS (hBMS) and heritage Celgene (hCelgene) sites were collected and reported separately for 2020. This enabled hBMS to close the 2020 Sustainability Goal period without restating data, and both hBMS and hCelgene to maintain their sustainability data capture processes, emissions reporting methods and data verification processes. In 2020, most of the BMS sustainable metric indicators have significantly decreased from 2019 levels due to a work-from-home environment for many employees, reduced building operations across the BMS network and significantly decreased business air travel and fleet operations, all due to the COVID-19 pandemic. For 2021 reporting, data collection for all hCelgene sites integrated into the BMS boundary is now aligned with the BMS sustainable data collection and verification process, and integrated sustainability reporting for the combined company began in the first quarter. BMS is also in the process of baselining hBMS and hCelgene sustainability metrics to 2019 data levels, as COVID-19 impacts have clearly been significant in 2020 and will likely continue to be in 2021.

For our most recent sustainability reduction period, which includes 2016-2019, the heritage BMS network reduced our total Scope 1 and Scope 2 GHG emissions by 20.7%*. This equates to the removal of approximately 17,143 cars from the road for one year.**

* From our 2015 baseline.

** Source: US EPA Greenhouse Gas Equivalencies Calculator.

We’re proud to be a U.S. Environmental Protection Agency ENERGY STAR Partner of the Year for our sixth consecutive year and awarded Sustained Excellence for our third consecutive year in 2020.

We have photovoltaic installations at five sites in the U.S., Switzerland and China, providing a combined annual electricity output of 3,632,000 kWh, equivalent to taking

560 vehicles

off the road for one year.

At the end of 2020:

16

Bristol Myers Squibb office buildings
had achieved Silver or Gold LEED certifications.

3

were pending certification.

Measuring and addressing our Scope 3 emissions

We are committed to being a part of the solution to the negative impacts of climate change. Our bold environmental goals set in 2020 commit us to achieve the following by 2040:

  1. Net neutral carbon.
  2. 100% purchased electricity from renewable sources.
  3. Zero waste to landfill.
  4. 100% of fleet vehicles electric powered.
  5. Equitable water use.

Building out our science-based targets (SBTs) will provide a data-driven set of milestones on our journey to net neutral carbon. These milestones will be the cornerstone for advancing our current efforts to drive environmental responsibility across our internal and external supply chain.

We recognize the importance of managing Scope 3 emissions as they represent our biggest greenhouse gas impacts. In addition, there are opportunities for positive cooperative impacts to be realized, as our Scope 3 emissions can be a partnering company’s Scope 1 or Scope 2 emissions. Expanding our current tracking and management of Scope 3 emissions beyond employee travel will enable us to optimize our internal and external value chain and identify areas of previously unseen climate risk. We are following the Greenhouse Gas (GHG) Protocol to help us identify the indirect emissions that occur in our upstream and downstream value chain.

In support of our efforts to address Scope 3 emissions, our Strategic Sourcing and Procurement organization is committed to driving reductions in negative environmental impacts across our external value chain. This commitment is being led through our sustainable procurement strategy, in which sustainability is embedded as a value driver in supplier partnership and innovation. The BMS Responsible Sourcing Program is one component of this strategy. The Program is being developed to work with our supply chain partners to assess their current state of environmental responsibility, set goals and targets to drive progress towards continuous sustainable improvement, and mitigate risks across our supply chain while contributing to our global commitments to environmental responsibility.