Comtec Solar Systems Group Limited

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2022🗂️ Report periods on file: 2022

In its 2022 reporting, Comtec Solar Systems Group Limited disclosed greenhouse gas emissions of 535.9 tCO2e/year. By scope: Scope 1: 63.8 tCO2e/year; Scope 2: 472.1 tCO2e/year. 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
535.9 tCO2e/year
2022
💧
Water Usage
18.7K t/year
2022
⚙️
Energy Use
596.0 mWh/year
2022

📊 Emissions by Scope (2022)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).63.8 tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.472.1 tCO2e/year

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Maintain waste emissions intensity at zero by 2025.
  • Reduce purchased electricity consumption intensity by 24.5% by 2025 (relative to 2020).
  • Achieve a 32% reduction in water usage by 2025 (compared to 2020).

🌱 ESG Focus Areas

Climate ChangeEmployee Well-beingSupply Chain ManagementProduct ResponsibilityAnti-corruption

⚠️ Challenges & Risks +

  • Shanghai shutdown due to Covid-19 pandemic significantly affected production and sales of power storage in 2022.
  • Net loss of approximately RMB50,689,000 for 2022 and net current liabilities and net liabilities of approximately RMB192,258,000 and RMB164,153,000 respectively as at 31 December 2022.
  • Auditor cast doubt about the Group’s ability to continue as a going concern.

📋 Report Information

Reporting Period: 2022
Frameworks: HKEx ESG Reporting Guide