Terrascope implemented a comprehensive emissions measurement and management solution that enabled iNova to gain better clarity over its carbon footprint and regulatory exposure. The engagement began with a full-scope emissions assessment across FY’23, covering Scope 1, Scope 2, and Scope 3 categories. Using AI-powered matching of activity data to over 50,000 emission factors, Terrascope mapped emissions across iNova’s 700+ SKUs, generating high-fidelity estimates based on modelled data. This approach minimizes reliance on extensive primary data collection, while remaining aligned with recognized carbon accounting standards. This was complemented by a dynamic dashboard that allowed iNova to visualize emissions by product, business unit, geography, and scope—enabling cross-functional teams to move from static reporting to decision-useful analysis.
Fig 1. iNova's emission inventory benchmarked against industry competitors
Beyond measurement, Terrascope conducted a peer benchmarking study to assess how iNova’s emissions profile compared to other pharmaceutical companies with similar business models. This revealed that Scope 3 accounted for 99% of iNova’s total footprint, aligning with industry norms. It also highlighted key opportunities for targeted greenhouse gas (GHG) reduction based on peer performance.
As part of growing EPR regulations worldwide, iNova also needed to comply with packaging reporting mandates in several key markets. Terrascope worked closely with its strategic partner, Ricardo PLC, to support iNova in preparing sales and packaging data for regulatory reporting in Singapore, Vietnam, and Australia. This included compiling FY’24 sales volumes and packaging weights for primary, secondary, and tertiary layers, segmented by material type — such as paper, cardboard, plastics, and aluminium. This collaborative effort ensured iNova was both regulatory-compliant and strategically informed about packaging-related emissions and risks.
Finally, the platform modelled a cost-benefit analysis of various decarbonization levers based on FY’23 baseline — enabling iNova to assess return on investment across potential interventions, including packaging substitutions and transport optimization.
The Impact
Terrascope’s work provided iNova with its first complete, audit-ready carbon emissions baseline. Through SKU-level analysis, packaging emerged as a key emissions driver, while transportation-related emissions — especially from specific shipments — also surfaced as major contributors. These results offer clear direction for optimizing routes and supplier choices to support carbon reduction efforts.
Benchmarking insights underscored the importance of aligning emissions intensity with industry’s best practices. These findings enabled the company to explore a broader scope of potential interventions.
Collaboration between Terrascope and Ricardo also enabled iNova to navigate packaging compliance requirements across multiple jurisdictions with greater confidence. These insights also opened pathways for emissions reduction and operational efficiency.
Armed with these insights, iNova has initiated its FY’24 measurement cycle, now broadened to reflect its expanded business footprint following a recent acquisition. This includes a wider range of products and a more extensive supply chain. The company is also assessing potential opportunities to evolve packaging formats and logistics strategies to further reduce emissions, while continuing to analyze a prioritized group of suppliers for collaborative decarbonization opportunities. By embedding Terrascope into its operational and sustainability workflows, iNova is advancing from reactive compliance to a more proactive, data-driven approach to carbon management – reinforcing its position in an increasingly climate-conscious industry.