In 2024, Venture Life Group 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).
Venture Life Group has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 0.443a | 0.332a |
Total Scope 2 | ||
Market-Based | 0.403a | 0.327a |
Location-Based | 0.203a | 0.19a |
Total Scope 3 | 7.164a | 10.745a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0133a | 0.0117a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Venture Life Group amounted to 0.646 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 Venture Life Group increased by 23.73%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Venture Life Group were 0.443 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Venture Life Group's Scope 1 emissions increased by 33.58%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Venture Life Group reported Scope 2 greenhouse gas (GHG) emissions of 0.403 tCO₂e using the market-based method and 0.203 tCO₂e using the location-based method.a
Compared to the previous year (2023), Venture Life Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Venture Life Group's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Venture Life Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Venture Life Group reported 7.164 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 Venture Life Group includes a breakdown across 9 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, Venture Life Group reported total Scope 3 emissions of 7.164 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 97.39% of these emissions originated from upstream activities such as purchased goods and capital goods, while 2.61% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Venture Life Group's Scope 3 emissions decreased by 33.33%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Venture Life Group reported emissions for 9 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 Venture Life Group's Scope 3 emissions were:a
In 2024, Venture Life Group reported Scope 1 greenhouse gas (GHG) emissions of 0.443 tCO₂e and total revenues of USD 33 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD.a
In 2024, Venture Life Group reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 5.23, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Venture Life Group ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Venture Life Group among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Venture Life Group reported a total carbon footprint of 7.81 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 30.68% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Venture Life Group's total carbon footprint was Scope 3 emissions, accounting for 91.73% of the company's total carbon footprint, followed by Scope 1 emissions at 5.68%.a