- Escalation in COVID-19 outbreak and the government’s requisitioning of antigen rapid test kits leading to decreased operating revenue.
- Increased variability of transportation modes, costs, and timing due to the COVID-19 outbreak and the Russia‒Ukraine War and energy supply issue.
- Greenhouse gas emission intensity increased by 19.60% due to a 21% decrease in consolidated revenue compared to 2022.
- Total EUI increased by 15.38% compared to 2022 due to the expansion of Pingzhen Plant (Phase I) in 2023.
Panion & BF Biotech Inc. (PBF)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Panion & BF Biotech Inc. (PBF) disclosed greenhouse gas emissions of 25.3K tCO2e/year (Category 1+2). By scope: Scope 1: 30.61 tCO2e/year; Scope 2: 5.0K tCO2e/year; Scope 3: 1.0K tCO2e/year (Category 3 & 4). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
25.3K tCO2e/year (Category 1+2)
2023
Water Usage
85.875 ML/year (Pingzhen Plant), 23.301 ML/year (Dayuan Plant)
2023
Waste
274.01 tons/year
2023
Energy Use
28.3K GJ/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 30.61 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.0K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.0K tCO2e/year (Category 3 & 4) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Total greenhouse gas emissions from Category 1 + Category 2 decreased by 6.3% compared to 2022.
- Total weight of waste decreased by 7.47% compared to 2022.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Keep abreast of the latest regulations on greenhouse gas emissions, energy management, and climate change; Identify the greenhouse gas type and quantify the results in accordance with ISO 14064-1:2018; pass third-party ISO 14064-1:2018 certification.
📅 Medium-term
- Replace old equipment with energy-saving models; Prioritize the use of green building materials or environmentally friendly materials; Set reduction targets based on the greenhouse gas inventory results.
🔭 Long-term
- Continuously review the Company’s exposure to climate threats and make early plans; Achieve the ultimate goal of carbon neutrality.
🌱 ESG Focus Areas
Corporate GovernanceEnvironmental SustainabilitySocial Responsibility