In 2024, Asymchem Laboratories (Tianjin) 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).
Asymchem Laboratories (Tianjin) has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 31,786.56a | 46,854.49a | 76,747.78a | |
Total Scope 2 | ||||
Market-Based | 184,185.04a | 190,377.01a | 163,724.5a | |
Location-Based | 204,882.44a | 202,552.92a | 163,724.5a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 1,264.77a | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 39.9647a | 42.7935a | 52.2378a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Asymchem Laboratories (Tianjin) amounted to 236,669 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 2023, the total operational greenhouse gas (GHG) emissions of Asymchem Laboratories (Tianjin) decreased by 5.11%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Asymchem Laboratories (Tianjin) were 31,786.56 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Asymchem Laboratories (Tianjin)'s Scope 1 emissions have decreased by 6.55%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Asymchem Laboratories (Tianjin)'s Scope 1 emissions decreased by 32.16%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Asymchem Laboratories (Tianjin) reported Scope 2 greenhouse gas (GHG) emissions of 184,185.04 tCO₂e using the market-based method and 204,882.44 tCO₂e using the location-based method.a
Compared to the previous year (2023), Asymchem Laboratories (Tianjin)'s Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Asymchem Laboratories (Tianjin)'s emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Asymchem Laboratories (Tianjin) reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Asymchem Laboratories (Tianjin) reported 1,264.77 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Asymchem Laboratories (Tianjin) includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Asymchem Laboratories (Tianjin) reported total Scope 3 emissions of 1,264.77 metric tons of CO₂ equivalent (tCO₂e).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
In 2024, Asymchem Laboratories (Tianjin) reported emissions for 1 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.
In 2024, the largest contributors to Asymchem Laboratories (Tianjin)'s Scope 3 emissions were:a
In 2024, Asymchem Laboratories (Tianjin) reported Scope 1 greenhouse gas (GHG) emissions of 31,786.56 tCO₂e and total revenues of USD 795 millions. This translates into an emissions intensity of 39.96 tCO₂e per millions USD.a
In 2024, Asymchem Laboratories (Tianjin) reported a Scope 1 emissions intensity of 39.96 tCO₂e per millions USD. Compared to the peer group median of 10.66, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Asymchem Laboratories (Tianjin) ranked 20 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Asymchem Laboratories (Tianjin) among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Asymchem Laboratories (Tianjin) reported a total carbon footprint of 237,933.77 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.6% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Asymchem Laboratories (Tianjin)'s total carbon footprint was Scope 2 emissions, accounting for 86.11% of the company's total carbon footprint, followed by Scope 1 emissions at 13.36%.a