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Environmental Protection & Preservation

Abbott Goes Carbon Neutral with U.S. Fleet

Abbott, the global health care company, announced today that it is the first FORTUNE 500 company to go "carbon neutral" with its entire US fleet of company sales vehicles.

At an environmental summit today in Chicago, Abbott also unveiled its new Global Energy Policy and announced the installation of a large, 500-kilowatt hour solar power system to produce electricity for parts of a manufacturing plant in southern California.

Driving Green and In Neutral:

Fleet vehicles are driven an average of 25,000 miles per year -- nearly doubling the mileage, fuel consumption, and emissions of personal vehicles. A typical fleet of 500 vehicles can put more than 6,000 tons of greenhouse gas (GHG) emissions into the air annually.

At Abbott, the company's fleet represents close to 11 percent of the company's total emissions. Abbott will reduce the carbon emissions from its 6,000-vehicle fleet in the United States by offering a hybrid vehicle option starting immediately. The company will then purchase carbon offsets in early 2008 to neutralize the balance of the fleet's impact on the environment -- to become "carbon neutral."

"I drive thousands of miles a month," said Lisa Valtierra, advocacy relations manager, Abbott, and a driver of one of the company's fleet vehicles. "Being able to select a car that is friendlier to the environment is important to me because I believe, as Abbott does, that we all need to do our part."

"We were happy to help Abbott take a hard look at its fleet and figure out how to improve efficiency, cut fuel use and offset greenhouse gas emissions -- while saving money. This is green business strategy at its best," said Gwen Ruta, director of corporate partnerships at Environmental Defense. "We urge other companies to follow Abbott's example."

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