Pharmaron Beijing Co., Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Beijing headquarters certified as meeting ISO 14001 requirements in early 2024.
- Piloted green electricity and biomass energy application in multiple domestic and overseas campuses, gradually increasing the proportion of renewable energy use.
- CDP (Carbon Disclosure Project) climate questionnaire rated B.
Social Achievements
- Developed and piloted a Diversity and Inclusion program.
- Organized a number of academic activities.
- Rated as “2023 ESG Industry Top Related Company” in Sustainalytics rating and evaluated as a “low risk” company.
- Selected as the “ESG Best Practice Case of Listed Companies” of China Association for Public Companies in 2023.
- Won the honors of ESG Top 50 of China’s Listed Companies in 2023 and the 17th Green Low Carbon Outstanding Contribution Award of China’s Listed Companies.
Governance Achievements
- Improved compliance system.
- Adjusted the structure of the Board from 11 to 9 members.
Climate Goals & Targets
Environmental Challenges
- Significant fluctuation of the global financing environment forced the biopharmaceutical industry to enter a major restructuring phase.
- Intensified global geopolitical tension put the CRO/CDMO industry under unprecedented pressure.
- Impact of global biotech funding environment and the temporary slowdown of the growth of customer demands.
Mitigation Strategies
- Remained committed to long-term growth strategies and made necessary adjustments for future growth.
- Actively expanded customer base, introducing over 800 new customers.
- Further enhanced integrated service lines and rapidly expanded into new drug modalities.
- Enhanced global operations and contracted more late-stage projects through a unique “hybrid model”.
- Continuously invested in AI, green chemistry and “proteomics, gene-editing and HTS integrated technologies”.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SBTi, UN Global Compact
Certifications: ISO 14001
Awards & Recognition
- 2023 ESG Industry Top Related Company
- ESG Best Practice Case of Listed Companies
- ESG Top 50 of China’s Listed Companies
- 17th Green Low Carbon Outstanding Contribution Award