- Stagnant manufacturing demands in China and globally and subdued consumer confidence caused by weak global economic recovery.
- Intense competition within the IMM industry, with market players competing on low pricings and fast deliveries.
- Rising trade protectionism and geopolitical risk disrupting global supply chains.
Cosmos Machinery Enterprises Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Cosmos Machinery Enterprises Limited disclosed greenhouse gas emissions of 4.3K tonnes CO2e. By scope: Scope 1: 1.8K tonnes CO2e; Scope 2: 273.10 tonnes CO2e; Scope 3: 156.97 tonnes CO2e. 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
4.3K tonnes CO2e
2023
Water Usage
91.5K m3
2023
Waste
865.64 tonnes (non-hazardous); 15.48 tonnes (hazardous)
2023
Energy Use
27.8K GJ
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). | 1.8K tonnes CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 273.10 tonnes CO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 156.97 tonnes CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 4.3K tonnes CO2e |
| 2022 | 5.0K tonnes CO2e |
| 2021 | 4.9K tonnes CO2-e |
| 2017 | 26.0K tonnes of CO2e |
| 2016 | 26.0K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Installed solar photovoltaic systems on the roofs of two plants to achieve self-consumption of electricity.
- Gradually replacing diesel forklifts with electric ones to reduce carbon emissions.
- Built a painting workshop in plant no. 2 to ensure that all emissions discharged from the workshop were in compliance with the standard requirements.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce energy intensity by 2% by 2024 (compared with 2019 baseline).
- Reduce office paper consumption by 5% by 2024 (compared with 2019 baseline).
🌱 ESG Focus Areas
Environmental ProtectionEmployee Well-beingCorporate Governance