GlobalData offers a comprehensive analysis of Genscript Biotech, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Genscript Biotech‘s ESG performance. GlobalData’s company profile on Genscript Biotech offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Genscript Biotech, in response to the national “carbon peak” and “carbon neutrality” goals, has continuously optimized operations, enhanced green management, and taken steps to reduce its carbon emissions. The company’s latest filings mentioned the keywords 'Emissions' and 'Carbon' most number of times in relation to 'Climate change'.
In 2022, the company reported its Scope 1 Greenhouse gas emissions at 4,305.52 tons CO2 -e and Scope 2 Greenhouse gas emissions at 68,306.95 tons CO2 -e. The Greenhouse gas emission intensity in terms of tons CO2 -e/US$10,000 was recorded at 1.16 in 2022 and 1.52 in 2021. The company has recorded the weight of recycled waste and worked out a way to recycle acetonitrile by process survey. It has also installed new equipment for improving wastewater quality and exhaust gas collection and treatment. The company has optimized exhaust gas treatment systems, minimized unorganized emissions, and ensured the safety of laboratory staff.
Genscript Biotech has reduced the total emissions of ammonia and hydrogen sulfide by 70% and optimized the exhaust gas collection and treatment equipment in sewage treatment. The company has established a monitoring and warning mechanism for electricity consumption for sewage and exhaust emissions and set up a daily and quarterly reporting system for emission factors.
In conclusion, Genscript Biotech has policies in place to identify and mitigate significant climate-related issues. It has installed new equipment for improving wastewater quality and exhaust gas collection and treatment and has established a monitoring and warning mechanism for electricity consumption for sewage and exhaust emissions.