- Supply chain disruptions due to industry-wide issues.
- Scope 3 emissions (99% of total emissions) dominated by products in use.
- Slow product development and replacement cycles impacting short-term emission reductions.
- Dependence on global grid decarbonization for achieving net-zero.
- Increased air freight due to supply chain issues.
XP Power
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, XP Power disclosed greenhouse gas emissions of 580.9K tCO2e/year. By scope: Scope 1: 549 tCO2e/year; Scope 2: 6.5K tCO2e/year; Scope 3: 580.9K 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
580.9K tCO2e/year
2023
Renewable Energy
99%
of total energy
Water Usage
61.4K m3/year
2023
Waste
592 tons/year
2023
Energy Use
14.4M kWh/year
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). | 549 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 6.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 580.9K tCO2e/year |
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 | 580.9K tCO2e/year |
| 2022 | 682.0K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Emissions targets approved by SBTi, including net-zero by 2040 and interim targets for 2030.
- Improved CDP Climate Change score to B rating (from C).
- Purchased RECs covering ~98% of Scope 2 emissions.
- Shipped XP Green Power products resulting in estimated lifetime CO2 emission savings of 140,300 tonnes.
- Launched a new supplier survey covering ESG topics.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Develop and implement site-specific plans to reduce emissions.
- Further embed sustainability into strategic decisions.
- Continue to enhance ISO 14001 coverage.
📅 Medium-term
- Reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030.
- Reduce absolute Scope 3 GHG emissions by 25% by 2030.
- Achieve 25% of site’s electricity needs from solar power in Vietnam.
🔭 Long-term
- Reach net-zero GHG emissions across the value chain by 2040.
🌱 ESG Focus Areas
Product responsibility (safety and quality)Responsible supply chainProduct solutions and innovationAttracting, retaining and rewarding talentEmployee welfareHealth and safetyEthical conduct and complianceEnergy efficiencyWaste managementDiversity and equal opportunityEmissions