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) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 15a | 19a | 28.4b | |
Total Scope 2 | ||||
Market-Based | N/A | N/A | 3,536.6b | |
Location-Based | 4,664a | 3,954a | 3,548.5b | |
Total Scope 3 | 65,642a | 70,463a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0562a | 0.0884a | 0.1968b |
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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).a
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.a
In 2023, the total Scope 1 emissions of Zai Lab were 15 metric tons of CO₂ equivalent (tCO₂e).a
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.ab
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.a
In 2023, Zai Lab reported Scope 2 greenhouse gas (GHG) emissions of 4,664 tCO₂e using the location-based method.a
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.ab
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 energya
In 2023, Zai Lab reported its Scope 2 emissions using the location-based method.a
In 2023, Zai Lab reported 65,642 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 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.a
In 2023, Zai Lab reported total Scope 3 emissions of 65,642 metric tons of CO₂ equivalent (tCO₂e).a
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.a
In 2023, Zai Lab reported Scope 1 greenhouse gas (GHG) emissions of 15 tCO₂e and total revenues of USD 267 millions. This translates into an emissions intensity of 0.06 tCO₂e per millions USD.a
In 2023, Zai Lab reported a Scope 1 emissions intensity of 0.06 tCO₂e per millions USD. Compared to the peer group median of 13.51, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Zai Lab ranked 3 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Zai Lab among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2023, Zai Lab reported a total carbon footprint of 70,321 metric tons of CO₂ equivalent (tCO₂e) 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.a
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%.a