Shandong Xinhua Pharma Sustainability Profile
Shandong Xinhua Pharmaceutical Company Limited, commonly referred to as Xinhua Pharma, is a prominent player in the pharmaceutical industry, headquartered in Shandong, China. Established in 1996, the company has made significant strides in the development and production of a diverse range of pharmaceutical products, including active pharmaceutical ingredients (APIs) and finished dosage forms. With a strong focus on research and development, Xinhua Pharma has carved out a niche in the production of high-quality generic medications and innovative therapies. The company is recognised for its commitment to quality and compliance with international standards, which has bolstered its market position both domestically and globally. Notable achievements include various certifications and partnerships that enhance its reputation as a reliable supplier in the pharmaceutical sector.
DitchCarbon Score
How does Shandong Xinhua Pharma'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
Shandong Xinhua Pharma's score of 25 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shandong Xinhua Pharma's reported carbon emissions
In 2023, Shandong Xinhua Pharmaceutical Company Limited reported total carbon emissions of approximately 260,643,000 kg CO2e, comprising about 18,956,000 kg CO2e from Scope 1 and about 241,687,000 kg CO2e from Scope 2 emissions. This represents a slight decrease from 2022, where total emissions were about 258,468,000 kg CO2e, with Scope 1 emissions at approximately 14,098,000 kg CO2e and Scope 2 emissions at about 244,370,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives as part of their climate commitments. The absence of reduction targets indicates a potential area for improvement in their sustainability strategy. Shandong Xinhua Pharma's emissions data is not cascaded from any parent organization, and they operate independently in their reporting. The company’s emissions per unit of revenue have shown a gradual improvement, with a reported emission factor of approximately 0.260643 kg CO2e per unit of output value in 2023. Overall, while Shandong Xinhua Pharma has made strides in emissions reporting, the lack of formal reduction commitments suggests that further action may be necessary to align with industry standards for climate accountability.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Shandong Xinhua Pharma's Industry?
How Carbon Intensive is Shandong Xinhua Pharma's Location?
Shandong Xinhua Pharma'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.
Shandong Xinhua Pharma has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
