Neovasc Inc. Sustainability Profile
Neovasc Inc., a prominent player in the medical device industry, is headquartered in Canada and operates primarily in North America and Europe. Founded in 2014, the company has quickly established itself as a leader in innovative solutions for cardiovascular diseases, focusing on the development of advanced products for the treatment of refractory angina and other vascular conditions. Neovasc's flagship products, including the Tiara™ transcatheter mitral valve and the Neovasc Reducer™, are designed to address unmet clinical needs with unique, minimally invasive technologies. These offerings have positioned Neovasc as a key innovator in the cardiovascular space, earning recognition for their potential to improve patient outcomes. With a commitment to advancing healthcare, Neovasc Inc. continues to make significant strides in the medical device sector.
DitchCarbon Score
How does Neovasc Inc.'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 Medical Device 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
Neovasc Inc.'s score of 78 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Neovasc Inc., headquartered in Canada, currently does not report specific carbon emissions data, as no emissions figures are available. The company is a current subsidiary of Johnson & Johnson, which influences its climate commitments and initiatives. Neovasc Inc. inherits sustainability targets and initiatives from Johnson & Johnson, including commitments to the Science Based Targets initiative (SBTi) and other climate-related frameworks. However, specific reduction targets or achievements for Neovasc Inc. itself have not been disclosed. As part of its corporate family relationship, Neovasc Inc. aligns with Johnson & Johnson's broader sustainability goals, which include significant efforts to reduce emissions across Scope 1, 2, and 3 categories. The company is expected to adhere to the climate strategies and performance metrics set forth by its parent organization, although specific data points for Neovasc Inc. are not available at this time. In summary, while Neovasc Inc. does not provide its own emissions data or reduction targets, it is positioned within a framework of sustainability initiatives cascaded from Johnson & Johnson, reflecting a commitment to addressing climate change in the healthcare sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 1990 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 308,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 751,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | - | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Neovasc Inc.'s Industry?
How Carbon Intensive is Neovasc Inc.'s Location?
Neovasc Inc.'s Scope 3 Categories Breakdown
Neovasc Inc.'s Scope 3 emissions, which decreased by 2% last year and increased significantly since 2011, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 72% of Scope 3 emissions.
Top Scope 3 Categories
Neovasc Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Neovasc Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
