Orion Oyj

Country
Finland
Sector
Healthcare
Industry
Drug Manufacturers - General
Employees
3,943
Ticker
ORNBV
Exchange
NASDAQ HELSINKI LTD
Description
Orion Oyj is a leading Finnish pharmaceutical company that plays a significant role in the development and manufacturing of a broad range of medical products. Its primary function is to innovate and p...

Orion Oyj's GHG Emissions Data Preview

In 2023, Orion Oyj 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).

Orion Oyj has also provided a category-level breakdown for 13 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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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 Orion Oyj's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Orion Oyj amounted to 17,237 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 Orion Oyj decreased by 28.32%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Orion Oyj's Scope 1 Emissions Over Time

202020212022202301.5 k3 k4.5 k6 ktCO2e+42%+16%+8%
  • Total Scope 1
  • Year-over-Year Change

What are Orion Oyj's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Orion Oyj were 5,511 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Orion Oyj reduced its Scope 1 emissions over time?

Since 2020, Orion Oyj's Scope 1 emissions have increased by 77.66%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Orion Oyj's Scope 1 emissions increased by 7.85%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Orion Oyj's Scope 2 emissions?

In 2023, Orion Oyj reported Scope 2 greenhouse gas (GHG) emissions of 8,429 tCOâ‚‚e using the market-based method, and 11,726 tCOâ‚‚e using the location-based method.

Has Orion Oyj reduced its Scope 2 emissions over time?

Since 2020, Orion Oyj's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 47.38%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Orion Oyj's Scope 2 emissions (Location-Based) fell by 38.08% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Orion Oyj use for Scope 2 reporting?

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

Orion Oyj's Scope 2 Emissions Over Time

202020212022202306 k12 k18 k24 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Orion Oyj's Value Chain Emissions

In 2023, Orion Oyj reported 417,464 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 Orion Oyj includes a breakdown across 13 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.

Orion Oyj's Scope 3 Emissions Over Time

20202021202220230150 k300 k450 k600 ktCO2e+130828%+8%+52%
  • Total Scope 3
  • Year-over-Year Change

What are Orion Oyj's Scope 3 emissions?

In 2023, Orion Oyj reported total Scope 3 emissions of 417,464 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 98.1% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.9% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Orion Oyj reduced its Scope 3 emissions over time?

Since 2020, Orion Oyj's Scope 3 emissions have increased by 213,984.1%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Orion Oyj's Scope 3 emissions increased by 51.84%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Orion Oyj disclose?

In 2023, Orion Oyj reported emissions for 13 out of the 15 Scope 3 categories defined by the GHG Protocol.

This reflects a high level of granularity and transparency in the company's emissions reporting.

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

In 2023, the largest contributors to Orion Oyj's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 301,060 tCOâ‚‚e (72.12%)
  • Upstream Transportation and Distribution (Cat. 4): 38,640 tCOâ‚‚e (9.26%)
  • Downstream Transportation and Distribution (Cat. 9): 22,730 tCOâ‚‚e (5.44%)

Orion Oyj's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(9.3%)DownstreamTransportation andDistribution(Cat. 9)(5.4%)Purchased Goods andServices (Cat. 1)(72.1%)

Insights into Orion Oyj's Total Carbon Footprint

In 2023, Orion Oyj reported a total carbon footprint of 434,701 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 45.39% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Orion Oyj's total carbon footprint was Scope 3 emissions, accounting for 96.03% of the company's total carbon footprint, followed by Scope 2 emissions at 2.7%.

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