Alvotech SA

Common Name
Alvotech
Country
Luxembourg
Sector
Healthcare
Industry
Drug Manufacturers - Specialty & Generic
Employees
1,012
Ticker
ALVO
Exchange
NASDAQ/NMS
Description
Alvotech S.A. is a biopharmaceutical company that focuses on the development and commercialization of biosimilar medicines. These are biologic medical products highly similar to already approved refer...

Alvotech's GHG Emissions Data Preview

In 2023, Alvotech completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Alvotech has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Insights into Alvotech's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Alvotech amounted to 229 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Alvotech decreased by 2.97%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Alvotech's Scope 1 Emissions Over Time

202020212022202305101520tCO2e-25%+58%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Alvotech's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Alvotech were 20 metric tons of COâ‚‚ equivalent (tCOâ‚‚e). a

Has Alvotech reduced its Scope 1 emissions over time?

Since 2020, Alvotech's Scope 1 emissions have increased by 25%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Alvotech's Scope 1 emissions increased by 5.26%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Alvotech's Scope 2 emissions?

In 2023, Alvotech reported Scope 2 greenhouse gas (GHG) emissions of 209 tCOâ‚‚e without specifying the calculation method. a

Has Alvotech reduced its Scope 2 emissions over time?

Since 2020, Alvotech's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Alvotech 's emissions have plateaued with no significant change in its energy consumption footprint. a

Compared to the previous year (2022), Alvotech's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Alvotech 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Alvotech use for Scope 2 reporting?

In 2023, Alvotech reported its Scope 2 emissions using an unspecified methodology. a

Alvotech's Scope 2 Emissions Over Time

2020202120222023055110165220tCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Alvotech's Value Chain Emissions

In 2023, Alvotech reported 555 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Alvotech includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Alvotech's Scope 3 Emissions Over Time

20202021202220230200400600800tCO2e+13%+145%-23%
  • Total Scope 3
  • Year-over-Year Change

What are Alvotech's Scope 3 emissions?

In 2023, Alvotech reported total Scope 3 emissions of 555 metric tons of COâ‚‚ equivalent (tCOâ‚‚e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Alvotech reduced its Scope 3 emissions over time?

Since 2020, Alvotech's Scope 3 emissions have increased by 112.64%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Alvotech's Scope 3 emissions decreased by 23.02%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Alvotech disclose?

In 2023, Alvotech reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Alvotech's Scope 3 emissions?

In 2023, the largest contributors to Alvotech's Scope 3 emissions were: a

  • Business Travel (Cat. 6): 379 tCOâ‚‚e (68.17%)
  • Waste Generated in Operations (Cat. 5): 173 tCOâ‚‚e (31.12%)
  • Fuel- and Energy-Related Services (Cat. 3): 4 tCOâ‚‚e (0.72%)

Alvotech's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(68.2%)Waste Generated inOperations (Cat. 5)(31.1%)

Insights into Alvotech's Total Carbon Footprint

In 2023, Alvotech reported a total carbon footprint of 784 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.08% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Alvotech's total carbon footprint was Scope 3 emissions, accounting for 70.79% of the company's total carbon footprint, followed by Scope 2 emissions at 26.66%. a

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