By Colin Kellaher

Merck & Co. Monday unveiled accelerated goals in its efforts to combat climate change, including plans to reach its target of 100% renewable energy use 15 years ahead of schedule.

The Kenilworth, N.J., drugmaker said it now aims to achieve carbon neutrality across its operations by 2025, along with a 30% reduction in greenhouse-gas emissions among its suppliers by 2030.

Merck said it plans to achieve carbon neutrality in its operations by continuing to increase efficiency and reduce carbon emissions, applying sustainable building standards, and continuing its move away from the use of fossil fuel. The company said it also plans to offset emissions with a portfolio of carbon credits, including carbon removals.

Merck, which had previously pledged to use 100% renewable energy for its purchased electricity by 2040, said it has signed three new virtual power purchase agreements for utility-scale energy projects based in Texas and Spain that will add roughly 145 megawatts of solar and wind energy to the grid.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

April 26, 2021 07:35 ET (11:35 GMT)

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