Abbott To Employ Hybrids & Offsets To Make Fleet Carbon Neutral

July 12, 2007

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Abbott says it is the first Fortune 500 company to go carbon neutral with its entire U.S. fleet of company sales vehicles. Abbott has also unveiled its new Global Energy Policy and announced the installation of a 500-kilowatt hour solar power system to produce electricity for parts of a manufacturing plant in southern California.

Abbott’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 U.S. by offering a hybrid vehicle option. The company will then purchase carbon offsets in early 2008 to neutralize the balance of the fleet’s impact on the environment.

Abbott’s new Global Energy Policy outlines several commitments the company is making to further improve its impact on the environment, including goals to:
• Achieve a 12 percent reduction in overall electric energy purchased by 2011.
• Achieve a 30 percent reduction in overall CO2 emissions by 2011.
• Invest in renewable energy capital projects, or energy sourcing, that produce no CO2 emissions at major manufacturing locations by 2011; and
• Eliminate 12 percent of combined fuel oil/coal consumption by switching to cleaner fuels by 2011

Abbott is also installing a 500-kilowatt hour solar power system to produce electricity for parts of the company’s vascular plant.

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