Innovent Biologics
Innovent Biologics, also known as Innovent, is a leading biopharmaceutical company headquartered in China (CN). Founded in 2011, the company has rapidly established itself in the biopharmaceutical industry, focusing on the development, manufacturing, and commercialisation of innovative therapies for oncology, autoimmune diseases, and other serious conditions. With a strong presence in major operational regions across Asia and beyond, Innovent is recognised for its robust pipeline of monoclonal antibodies and biosimilars. Their flagship products, including the PD-1 inhibitor Tyvyt, have garnered significant attention for their unique mechanisms of action and efficacy. Innovent's commitment to research and development has positioned it as a key player in the global market, achieving notable milestones such as successful partnerships and regulatory approvals that underscore its reputation for excellence in biopharmaceutical innovation.
DitchCarbon Score
How does Innovent Biologics'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
Innovent Biologics's score of 33 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Innovent Biologics's reported carbon emissions
In 2023, Innovent Biologics reported total carbon emissions of approximately 15,894,420 kg CO2e. This figure includes 65,170 kg CO2e from Scope 1 emissions and about 15,829,250 kg CO2e from Scope 2 emissions. Notably, the company did not disclose Scope 3 emissions data for this year, although the total emissions reported align with the sum of Scope 1 and Scope 2 emissions. Comparatively, in 2022, Innovent Biologics recorded total emissions of about 22,302,950 kg CO2e, with Scope 1 emissions at 66,740 kg CO2e and Scope 2 emissions at approximately 22,236,210 kg CO2e. This indicates a significant reduction in total emissions from 2022 to 2023. Despite these figures, Innovent Biologics has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from a parent organisation, and all reported figures are directly attributed to Innovent Biologics, Inc. Overall, while Innovent Biologics has made strides in reducing its emissions, the lack of formal climate commitments or reduction targets suggests an area for potential improvement in their sustainability strategy.
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| 2019 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 39,400 | 00,000 | 00,000 |
| Scope 2 | 39,400 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 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.
Innovent Biologics 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.
