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.
DitchCarbon Score
How does Biocon's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Biocon's score of 48 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Biocon's reported carbon emissions
In 2024, Biocon reported total carbon emissions of approximately 125,922,000 kg CO2e, comprising 23,273,000 kg CO2e from Scope 1, 25,307,000 kg CO2e from Scope 2, and 77,342,000 kg CO2e from Scope 3 emissions. This represents a slight decrease from 2023, where total emissions were about 131,095,000 kg CO2e, with Scope 1 emissions at 31,456,000 kg CO2e, Scope 2 at 31,809,000 kg CO2e, and Scope 3 at 67,830,000 kg CO2e. Biocon has set ambitious climate commitments, aiming for a 25% reduction in Scope 1 and Scope 2 emissions by the end of FY29, using FY20 as the baseline. Additionally, they have an internal target of a 20% reduction in these emissions by 2032, having already achieved a 14% reduction from the FY22 baseline. Syngene, a subsidiary, has also committed to a 50% reduction in GHG emissions by FY33. These initiatives reflect Biocon's commitment to addressing climate change and reducing its carbon footprint in line with industry standards.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 55,997,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 127,530,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Biocon is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
