WuXi Biologics (Cayman) Inc. 藥明生物技術有限公司
Climate Impact & Sustainability Data (2020, 2023)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:85,402.91 tonnes
Scope 1 Emissions:11,042.34 tonnes
Scope 2 Emissions:74,360.56 tonnes
Total Energy Consumption:81,128,859 kWh
Water Consumption:935,046 tonnes
Waste Generated:3,734.09 tonnes
Carbon Intensity:0.15 tonnes/RMB0’000
ESG Focus Areas
- Corporate Governance
- Quality
- Operation
- Safety
- Employee
- Environment
- Supply Chain
- Community
- Climate Change
Environmental Achievements
- Reduced electricity consumption intensity by 22%
- Reduced gas consumption intensity by 25%
- Reduced greenhouse gas emissions intensity by 25%
- Reduced total nitrogen oxide emissions by 19%
- Reduced water consumption by an estimated 120,000 tons compared to traditional stainless steel technology
Social Achievements
- Awarded the title of “Top Graduate Employer”,
- Significant donations of face masks, medical gowns, and sanitization agents to hospitals in China and other countries
- Established the “Volunteer Association”
Governance Achievements
- Conducted ethics and anti-corruption trainings for all employees
- Established ESG Committee and ESG Working Group
Climate Goals & Targets
Long-term Goals:
- Consider the positive role that the Company can play in dealing with the challenge of ‘Zero Carbon’
Medium-term Goals:
- Formulate medium and long-term energy conservation and emission reduction targets and measures
Short-term Goals:
- Annual 5% reduction in intensity of energy consumption and emission
Environmental Challenges
- COVID-19 pandemic impacting normal operations
- Supply chain disruptions
Mitigation Strategies
- Implemented a comprehensive business continuity plan (BCP)
- Prioritized employee health and safety
- Mobilized resources to meet customer demands
- Developed remote audit and inspection platform
Supply Chain Management
Supplier Audits: Annual audit on key suppliers
Responsible Procurement
- Supplier Management Policy
- Third-party due diligence checks on suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather
Reporting Standards
Frameworks Used: Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
Certifications: ISO 14001 (Mashan base phase I)
Sustainable Products & Innovation
- Single-use technology
Awards & Recognition
- Forbes Asia’s Best Under A Billion 2020
- Most Honored Company by Institutional Investor
- Best Corporate Governance Awards by the Hong Kong Institute of Certified Public Accountants
- 2020 CMO Leadership Awards
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:181,916 tCO2e/year
Scope 1 Emissions:32,687 tCO2e/year
Scope 2 Emissions:149,229 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0.8%
Total Energy Consumption:332,191 MWh/year
Water Consumption:2,373,618 tonnes/year
Waste Generated:5,815.17 tonnes/year
Carbon Intensity:0.107 tCO2e/10,000 RMB (Scope 1 & 2 in 2023)
ESG Focus Areas
- Enhancing Governance
- Giving Back to Society
- Greening Our Business
- Empowering Our People
Environmental Achievements
- 29% reduction of GHG emission intensity from 2020 (Scope 1 and Scope 2)
- Achieved water consumption intensity reduction target ahead of schedule, upgrading target from 18% to 30% by 2025 (since 2019)
- 18,183 tCO2e annual carbon reduction
- 51,486 tonnes annual water reduction
- 1,351 tonnes annual waste reduction
Social Achievements
- Established a Diversity, Equity, and Inclusion (DEI) Committee
- 53% of STEM positions held by female employees
- 47% female employees in managerial positions
- 8,017 volunteer hours for community
- 73 hours of training per employee
Governance Achievements
- Established an Ethics and Compliance Committee
- 100% participation in business ethics and anti-corruption training
- 100% Supplier Code of Conduct sign-off
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero emissions from overall operations by 2050
Medium-term Goals:
- Reduce Scope 1 and Scope 2 greenhouse gas emissions intensity by 50% by 2030 (from 2020)
Short-term Goals:
- Reduce water consumption intensity by 30% by 2025 (from 2019)
Environmental Challenges
- Emerging risks due to expanding global climate policies (varying regulations across different operational locations)
Mitigation Strategies
- Advanced Energy Management (aligning with ISO 50001)
- Efficient Resource Utilization
- Sustainable Infrastructure
- Collaborative Decarbonization (SBTi aligned for net-zero emissions by 2050)
Supply Chain Management
Supplier Audits: Annual audits of significant and selected general suppliers
Responsible Procurement
- Code of Business Conduct and Ethics of WuXi Biologics Business Partner
- Sustainable procurement training for all procurement staff
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Temperature rise
- Sea level rise
Transition Risks
- Policy and legal risks
- Technology risks
- Market risks
- Reputation risks
Opportunities
- Resource efficiency
- Energy source diversification
- Market opportunities through low-carbon solutions
- Increased resilience
Reporting Standards
Frameworks Used: GRI Standards, TCFD Recommendations, SASB Accounting Standards, UN Global Compact
Certifications: ISO 14001, ISO 45001, ISO 27001, ISO 14064, ISO 50001, ISO 14067
Third-party Assurance: SGS-CSTC Standards Technical Services Co., Ltd.
UN Sustainable Development Goals
- Goal 3
- Goal 4
- Goal 5
- Goal 6
- Goal 7
- Goal 8
- Goal 9
- Goal 10
- Goal 11
- Goal 12
- Goal 13
- Goal 16
- Goal 17
The report details how various initiatives contribute to these SDGs.
Sustainable Products & Innovation
- WuXiBody™ platform
- WuXiUI™ platform
- WuXiUP™ platform
Awards & Recognition
- S&P Dow Jones Sustainability™ World Index and Emerging Markets Index
- AAA rating from MSCI ESG Ratings
- Platinum Medal by EcoVadis
- Industry and Regional Top-Rated Company by Sustainalytics
- CDP Water Security “A list”
- A- CDP Climate Change score