Genmab
Genmab A/S, a leading biotechnology company headquartered in Denmark (DK), is renowned for its innovative approach to developing differentiated antibody therapeutics. Founded in 1999, Genmab has made significant strides in the biopharmaceutical industry, focusing primarily on oncology and immunology. With a robust pipeline of proprietary and partnered products, Genmab's core offerings include monoclonal antibodies that target various cancers, distinguished by their unique mechanisms of action. The company has achieved notable milestones, including the successful development of its flagship product, Darzalex, which has transformed treatment paradigms for multiple myeloma. Positioned as a key player in the global biotechnology landscape, Genmab continues to expand its influence through strategic collaborations and a commitment to scientific excellence, solidifying its reputation as a pioneer in the field.
DitchCarbon Score
How does Genmab'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 Pharmaceutical Preparation Manufacturing 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
Genmab's score of 42 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Genmab's reported carbon emissions
In 2024, Genmab reported total carbon emissions of approximately 189,673,000 kg CO2e. This figure includes 534,000 kg CO2e from Scope 1 emissions, 1,163,000 kg CO2e from Scope 2 (market-based), and a significant 187,976,000 kg CO2e from Scope 3 emissions. The latter category encompasses various sources, with purchased goods and services contributing about 164,449,000 kg CO2e, followed by business travel at approximately 10,559,000 kg CO2e. In 2023, Genmab's total emissions were about 151,463,000 kg CO2e, with Scope 1 emissions at 317,000 kg CO2e, Scope 2 emissions (market-based) at 238,000 kg CO2e, and Scope 3 emissions reaching approximately 150,908,000 kg CO2e. The company has shown a commitment to transparency by disclosing emissions across all three scopes. Despite the detailed emissions reporting, Genmab has not set specific reduction targets or initiatives, as indicated by the absence of SBTi reduction targets or documented climate pledges. The company’s emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of Genmab A/S's operations. Overall, Genmab's emissions data highlights the significant impact of Scope 3 emissions, particularly from purchased goods and services, underscoring the need for comprehensive strategies to address carbon footprints across the supply chain.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 341,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 298,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Genmab 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.
