Bavarian Nordic A/S

Common Name
Bavarian Nordic
Country
Denmark
Sector
Healthcare
Industry
Biotechnology
Employees
1,354
Ticker
BAVA
Exchange
NASDAQ COPENHAGEN A/S
Description
Bavarian Nordic A/S is a biotechnology and pharmaceutical company headquartered in Hellerup, Denmark. The company primarily focuses on the development, manufacturing, and commercialization of vaccines...

Bavarian Nordic's GHG Emissions Data Preview

In 2023, 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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Bavarian Nordic's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Bavarian Nordic amounted to 7,402 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Bavarian Nordic increased by 168.87%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Bavarian Nordic's Scope 1 Emissions Over Time

20182019202020212022202301.5 k3 k4.5 k6 ktCO2e-6%+52%+3%+24%+147%
  • Total Scope 1
  • Year-over-Year Change

What are Bavarian Nordic's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Bavarian Nordic were 4,364 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Bavarian Nordic reduced its Scope 1 emissions over time?

Since 2018, Bavarian Nordic's Scope 1 emissions have increased by 352.7%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Bavarian Nordic's Scope 1 emissions increased by 147.25%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Bavarian Nordic's Scope 2 emissions?

In 2023, Bavarian Nordic reported Scope 2 greenhouse gas (GHG) emissions of 6,318 tCOâ‚‚e using the market-based method, and 3,038 tCOâ‚‚e using the location-based method.

What methodology does Bavarian Nordic use for Scope 2 reporting?

In 2023, Bavarian Nordic reported its Scope 2 emissions using the market-based method and using the location-based method.

Bavarian Nordic's Scope 2 Emissions Over Time

20182019202020212022202302 k4 k6 k8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Bavarian Nordic's Value Chain Emissions

In 2023, Bavarian Nordic reported 87,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 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 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Bavarian Nordic's Scope 3 Emissions Over Time

20222023025 k50 k75 k100 ktCO2e+12%
  • Total Scope 3
  • Year-over-Year Change

What are Bavarian Nordic's Scope 3 emissions?

In 2023, Bavarian Nordic reported total Scope 3 emissions of 87,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 99.99% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.01% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Bavarian Nordic's Scope 3 emissions increased by 12.26%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Bavarian Nordic disclose?

In 2023, Bavarian Nordic reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

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

In 2023, the largest contributors to Bavarian Nordic's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 40,376.7 tCOâ‚‚e (46.41%)
  • Capital Goods (Cat. 2): 37,801.5 tCOâ‚‚e (43.45%)
  • Upstream Transportation and Distribution (Cat. 4): 4,141.2 tCOâ‚‚e (4.76%)

Bavarian Nordic's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(43.5%)Purchased Goods andServices (Cat. 1)(46.4%)UpstreamTransportation andDistribution(Cat. 4)(4.8%)

Insights into Bavarian Nordic's Total Carbon Footprint

In 2023, Bavarian Nordic reported a total carbon footprint of 94,402 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.63% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Bavarian Nordic's total carbon footprint was Scope 3 emissions, accounting for 92.16% of the company's total carbon footprint, followed by Scope 1 emissions at 4.62%.

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