- Supply chain disruptions due to the Russo-Ukrainian war, natural environmental factors, and the pandemic. Price competition in the foreign market due to tighter supply and increased costs of raw materials (mainly sourced from China). Stricter domestic and international regulations regarding the management and usage of plant protection products. Trade barriers, especially tariffs, impacting exports.
HUIKWANG CORPORATION
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, HUIKWANG CORPORATION disclosed greenhouse gas emissions of 58.2K tCO2e/year (Scope 1 & 2 Huikwang Madou Plant). By scope: Scope 1: 53.2K tCO2e/year (Huikwang Madou Plant); Scope 2: 5.0K tCO2e/year (Huikwang Madou Plant). 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
58.2K tCO2e/year (Scope 1 & 2 Huikwang Madou Plant)
2022
Water Usage
43.47 million liters/year (Huikwang Madou Plant)
2022
📊 Emissions by Scope (2022)
| 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). | 53.2K tCO2e/year (Huikwang Madou Plant) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.0K tCO2e/year (Huikwang Madou Plant) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced greenhouse gas emissions from Scope 1 and Scope 2 to 58,228.26 metric tons of CO2e in 2022 (Huikwang Madou Plant). Reduced water usage from 50.61 million liters in 2021 to 43.47 million liters in 2022 (Huikwang Madou Plant). Reduced waste (organic slug, scrapped oil mixtures, household garbage) at Huikwang Madou Plant.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Actively develop me-too agro-pesticide formulations and mixed preparations; enhance the company's and products' influence in Mainland China; improve the professional capabilities of "HUIKWANG Farmers' Service Station"; develop sales for non-agro-pesticide products; enhance international marketing capabilities.
📅 Medium-term
- Adjust product development strategies to focus on developing products with high gross margin, high value, high efficiency, and low pollution; strengthen cooperation with international major players; expand cooperation scope to production supply chains; explore new businesses complementary to geosynthetics.
🔭 Long-term
- Become the leading brand in Asia (Geosynthetics); maximize market coverage through the current multi-channel distribution system; ensure that a decrease in domestic demand does not hinder its development.
🌱 ESG Focus Areas
Environmental ProtectionEmployee WelfareCorporate Governance