GlobalData offers a comprehensive analysis of WuXi AppTec, 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 WuXi AppTec‘s ESG performance. GlobalData’s company profile on WuXi AppTec 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.
WuXi AppTec, a leading global pharmaceutical and medical device open-access capability and technology platform company, has disclosed its management approach to key issues such as climate change, ESG strategy and management, and has established a grievance mechanism to respond to stakeholder demands and expectations. The company’s latest filings mentioned the keywords 'Emissions' and 'Climate Change' most number of times.
In 2022, the company reported Total direct GHG emissions (Scope 1) at 19,453.58 Tons of CO2e, Total indirect GHG emissions (Scope 2) at 495,184.83 Tons of CO2e, and Total other indirect GHG emissions (Scope 3) at 162,988.00 Tons of CO2e. The Intensity of GHG emissions by revenue Scope 1 and Scope 2 in terms of Kilograms of CO2e /1,000 CNY was recorded at 13.09 in 2022 and 15.83 in 2021. WuXi AppTec has a 2030 target of reducing its GHG emission intensity by 25% compared to the 2020 baseline. The activity data for accounting scope 3 carbon emissions has been adjusted to financial data this year, and the company has calculated greenhouse gas emissions of operations overseas and in China by reference to the US Environmental Protection Agency and the National Development and Reform Commission of the People's Republic of China.
WuXi AppTec has taken steps to reduce emissions, which includes investments in renewable energy certificates and energy management measures. The company has also established policies and procedures for environmental protection management, emissions management, and resources management.
In conclusion, WuXi AppTec has taken steps to reduce emissions, including investments in renewable energy certificates and energy management measures. WuXi AppTec has also established policies and procedures for environmental protection management, emissions management, and resources management, as well as measures for employee development and EHS management. The company's ESG report follows various reporting frameworks.