Biocon
Biocon Limited, a leading biopharmaceutical company headquartered in Bengaluru, India, has established itself as a key player in the global biotechnology industry since its founding in 1978. With a strong focus on biopharmaceuticals, biosimilars, and novel biologics, Biocon operates across major regions including Asia, Europe, and North America.
The company is renowned for its innovative products, particularly in the fields of diabetes, oncology, and autoimmune diseases. Biocon's commitment to affordability and accessibility sets it apart, making significant strides in providing high-quality healthcare solutions. Notable achievements include the launch of India's first biosimilar monoclonal antibody and recognition as a pioneer in the biosimilars market. With a robust pipeline and a reputation for excellence, Biocon continues to shape the future of biotechnology on a global scale.
+13 vs industry average
Biocon’s score of 51 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Pharmaceutical Preparation Manufacturing has below-average carbon intensity
Industry performance
The Pharmaceutical Preparation Manufacturing industry has reduced its overall emissions by 19% since 0
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Biocon's reported carbon emissions
Biocon, headquartered in India, has reported its carbon emissions for recent fiscal years, with a focus on reducing its environmental impact.
For the fiscal year 2024, Biocon's total greenhouse gas emissions, encompassing Scope 1, 2, and 3, were approximately 173.3 million kg CO2e. This total is comprised of Scope 1 emissions totalling about 38.4 million kg CO2e, Scope 2 emissions of approximately 117.0 million kg CO2e, and Scope 3 emissions estimated at 126.1 million kg CO2e.
In fiscal year 2023, the company reported Scope 1 and 2 emissions amounting to approximately 184.2 million kg CO2e. Scope 1 emissions for this period were about 45.7 million kg CO2e, and Scope 2 emissions were approximately 138.5 million kg CO2e. Scope 3 data was not disclosed for this year.
For fiscal year 2022, Biocon's combined Scope 1 and 2 emissions were approximately 189.1 million kg CO2e, including Scope 1 emissions of about 44.3 million kg CO2e and Scope 2 emissions of roughly 72.2 million kg CO2e (location-based). In the same year, Scope 3 emissions were reported at approximately 114.1 million kg CO2e, with significant contributions from purchased goods and services (about 54.7 million kg CO2e), employee commute (approximately 7.0 million kg CO2e), and business travel (around 1.2 million kg CO2e).
In fiscal year 2021, Biocon's Scope 1 and 2 emissions totalled approximately 183.5 million kg CO2e, with Scope 1 emissions at about 56.0 million kg CO2e and Scope 2 emissions at approximately 127.5 million kg CO2e.
Biocon has established significant climate commitments. The company aims to achieve a 25% reduction in its Scope 1 and Scope 2 emissions by the end of fiscal year 2029, using fiscal year 2020 as the baseline. This target is also supported by an internal target of a 20% reduction in Scope 1 and 2 emissions by 2032, using fiscal year 2022 as the baseline. For Syngene,
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Biocon’s Climate Goals (2030 & 2050)
7 goals2029
25% reduction in Scope 1
Biocon Limited has set itself a target to decrease its Scope 1 and Scope 2 emissions by 25% by the end of the FY29, using FY20 data as the b…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Biocon
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