Zai Lab Ltd

Common Name
Zai Lab
Country
China (Mainland)
Sector
Healthcare
Industry
Biotechnology
Employees
1,869
Ticker
9688
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Zai Lab Limited is a biopharmaceutical company that focuses on the development and commercialization of innovative therapies for oncology, autoimmune, infectious, and neurological diseases. Headquarte...

Zai Lab's GHG Emissions Data Preview

In 2023, Zai Lab 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).

However, Zai Lab has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

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 Zai Lab's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Zai Lab amounted to 4,679 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 Zai Lab increased by 17.77%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Zai Lab's Scope 1 Emissions Over Time

20212022202308162432tCO2e-33%-21%
  • Total Scope 1
  • Year-over-Year Change

What are Zai Lab's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Zai Lab were 15 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Zai Lab reduced its Scope 1 emissions over time?

Since 2021, Zai Lab's Scope 1 emissions have decreased by 47.18%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Zai Lab's Scope 1 emissions decreased by 21.05%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Zai Lab's Scope 2 emissions?

In 2023, Zai Lab reported Scope 2 greenhouse gas (GHG) emissions of 4,664 tCOâ‚‚e using the location-based method.

Has Zai Lab reduced its Scope 2 emissions over time?

Since 2021, Zai Lab's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 31.44%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Zai Lab's Scope 2 emissions (Location-Based) rose by 17.96% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Zai Lab use for Scope 2 reporting?

In 2023, Zai Lab reported its Scope 2 emissions using the location-based method.

Zai Lab's Scope 2 Emissions Over Time

20212022202301.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Zai Lab's Value Chain Emissions

In 2023, Zai Lab reported 65,642 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 Zai Lab includes a breakdown across 0 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.

Zai Lab's Scope 3 Emissions Over Time

20222023020 k40 k60 k80 ktCO2e-7%
  • Total Scope 3
  • Year-over-Year Change

What are Zai Lab's Scope 3 emissions?

In 2023, Zai Lab reported total Scope 3 emissions of 65,642 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Compared to the previous year (2022), Zai Lab's Scope 3 emissions remained relatively stable, indicating that Zai Lab 's emissions have plateaued with no significant change in its value chain footprint.

Insights into Zai Lab's Total Carbon Footprint

In 2023, Zai Lab reported a total carbon footprint of 70,321 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.53% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Zai Lab's total carbon footprint was Scope 3 emissions, accounting for 93.35% of the company's total carbon footprint, followed by Scope 2 emissions at 6.63%.