In 2024, Bavarian Nordic 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).
Bavarian Nordic has also provided a category-level breakdown for 8 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 | 4,111a | 4,364a | 1,765b | |
Total Scope 2 | ||||
Market-Based | 5,222a | 6,318a | N/A | |
Location-Based | 1,715a | 3,038a | N/A | |
Unspecified Calculation Method | N/A | N/A | 988b | |
Total Scope 3 | 45,032a | 87,024a | 77,500b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 5.1604a | 4.1731a | 3.8925b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Bavarian Nordic amounted to 5,826 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 Bavarian Nordic decreased by 21.29%, 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 Bavarian Nordic were 4,111 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Bavarian Nordic's Scope 1 emissions have increased by 352.26%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Bavarian Nordic's Scope 1 emissions decreased by 5.8%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Bavarian Nordic reported Scope 2 greenhouse gas (GHG) emissions of 5,222 tCO₂e using the market-based method and 1,715 tCO₂e using the location-based method.a
Compared to the previous year (2023), Bavarian Nordic's Scope 2 emissions (Location-Based) fell by 43.55% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Bavarian Nordic reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Bavarian Nordic reported 45,032 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 Bavarian Nordic includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Bavarian Nordic reported total Scope 3 emissions of 45,032 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
Compared to the previous year (2023), Bavarian Nordic's Scope 3 emissions decreased by 48.25%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Bavarian Nordic reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Bavarian Nordic's Scope 3 emissions were:a
In 2024, Bavarian Nordic reported Scope 1 greenhouse gas (GHG) emissions of 4,111 tCO₂e and total revenues of USD 797 millions. This translates into an emissions intensity of 5.16 tCO₂e per millions USD.a
In 2024, Bavarian Nordic reported a Scope 1 emissions intensity of 5.16 tCO₂e per millions USD. Compared to the peer group median of 2.82, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Bavarian Nordic ranked 16 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Bavarian Nordic is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Bavarian Nordic reported a total carbon footprint of 50,858 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 46.14% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Bavarian Nordic's total carbon footprint was Scope 3 emissions, accounting for 88.54% of the company's total carbon footprint, followed by Scope 1 emissions at 8.08%.a