Alvotech
Alvotech, officially known as Alvotech Holdings SA, is a prominent biopharmaceutical company headquartered in Luxembourg (LU). Founded in 2013, Alvotech focuses on the development and manufacturing of high-quality biosimilars, addressing the growing demand for affordable biologic therapies. With a strong operational presence in Europe and North America, the company has established itself as a key player in the biosimilars market. Alvotech's core offerings include a diverse portfolio of biosimilar products that are distinguished by their rigorous development processes and commitment to quality. The company has achieved significant milestones, including successful regulatory approvals and partnerships that enhance its market position. Recognised for its innovative approach, Alvotech continues to lead in the biopharmaceutical industry, striving to improve patient access to essential therapies.
DitchCarbon Score
How does Alvotech's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Health Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Alvotech's score of 20 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Alvotech's reported carbon emissions
In 2023, Alvotech reported a Scope 1 and 2 emissions intensity of approximately 800 kg CO2e per employee. This represents a reduction from 2022, where the emissions intensity was about 1100 kg CO2e per employee. The company has shown a commitment to improving its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Alvotech's headquarters is located in Luxembourg (LU), and while detailed absolute emissions data is not provided, the company is actively monitoring its emissions intensity as part of its climate commitments. The trend indicates a positive movement towards reducing emissions per employee, aligning with industry standards for sustainability and climate responsibility. Overall, Alvotech is taking steps to address its environmental impact, but further details on specific reduction targets or comprehensive emissions data would enhance understanding of its climate strategy.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Alvotech is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
