Genscript Biotech Corporation
Genscript Biotech Corporation, a leading player in the biotechnology industry, is headquartered in China (CN) and operates extensively across North America, Europe, and Asia. Founded in 2002, Genscript has established itself as a pioneer in gene synthesis, peptide synthesis, and antibody development, catering to a diverse range of sectors including pharmaceuticals, diagnostics, and academic research. The company’s core offerings, such as its innovative gene editing tools and custom protein services, are distinguished by their high quality and rapid turnaround times. Genscript's commitment to advancing life sciences has earned it a prominent market position, with notable achievements including numerous collaborations with top-tier research institutions and a robust portfolio of intellectual property. As a trusted partner in biotechnological advancements, Genscript continues to drive innovation and support scientific discovery globally.
DitchCarbon Score
How does Genscript Biotech Corporation'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 Research Services 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
Genscript Biotech Corporation's score of 48 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Genscript Biotech Corporation's reported carbon emissions
In 2024, GenScript Biotech Corporation reported total greenhouse gas emissions of approximately 39376800 kg CO2e for Scope 1, 114034820 kg CO2e for Scope 2 (market-based), and 387589810 kg CO2e for Scope 3. This reflects a significant commitment to reducing emissions across all scopes, with a focus on achieving net-zero emissions by 2050. The company has set ambitious near-term targets, aiming for a 54.6% reduction in absolute Scope 1 and 2 emissions by 2033, using 2023 as the baseline year. Additionally, GenScript plans to reduce Scope 3 emissions from fuel and energy-related activities and waste generated in operations by 32.5% within the same timeframe. Long-term goals include a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions by 2050. GenScript's climate commitments are aligned with the Science Based Targets initiative (SBTi), ensuring that their targets are consistent with the reductions necessary to limit global warming to 1.5°C. Furthermore, the company aims for 83% of its suppliers, covering purchased goods and services, capital goods, and upstream transportation and distribution, to have science-based targets by 2029. Overall, GenScript Biotech Corporation is actively working towards substantial emissions reductions and sustainability within the biotechnology sector, demonstrating a strong commitment to climate action.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 48,821,780 | 00,000,000 |
| Scope 2 | 83,758,360 | 000,000,000 |
| Scope 3 | 314,658,760 | 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.
Genscript Biotech Corporation is participating in some 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.
