Weichai Power Co., Ltd.

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023

In its 2023 reporting, Weichai Power Co., Ltd. disclosed greenhouse gas emissions of 756.8K tCO2e. By scope: Scope 1: 188.1K tCO2e; Scope 2: 568.7K tCO2e. 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
756.8K tCO2e
2023
💧
Water Usage
2.9M tonnes
2023
♻️
Waste
179.0K tonnes (hazardous and non-hazardous)
2023
⚙️
Energy Use
1.4M thousand kWh
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).188.1K tCO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.568.7K tCO2e

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

  • Maintaining energy consumption intensity below 0.0183 by 2024.
  • Reducing energy consumption intensity by 18% compared with 2020 by 2025.
  • Maintaining water consumption intensity below 0.266 by 2024.
  • Reducing water consumption intensity by 16% compared with 2020 by 2025.

📅 Medium-term

  • Reducing energy consumption per GDP by 2% annually by the end of 2025.
  • Reducing water consumption per GDP by 1% annually by the end of 2025.
  • Increasing the recycling of reclaimed water to 25% by the end of 2025.
  • KION to reduce Scope 1 and Scope 2 GHG emissions by 4.2% and Scope 3 GHG emissions by 2.5% per year compared with 2021 by 2030.

🔭 Long-term

  • KION to achieve zero carbon emissions by 2050.

🌱 ESG Focus Areas

Climate ChangeGreen ManufacturingCorporate GovernanceEmployee Well-beingSupply Chain SustainabilityCommunity Investment

⚠️ Challenges & Risks +

  • Global economic slowdown and low domestic industry operation levels.
  • Climate change risks (extreme weather, policy and legal risks, technical risks, market risks, reputational risks).
  • Supply chain disruptions.
  • Maintaining high-quality development amidst challenges.

📋 Report Information

Reporting Period: 2023
Frameworks: HKEX ESG Reporting Guide, GRI Sustainability Reporting Guidelines (GRI Standards), Guidelines on Corporate Social Responsibility Reporting for Chinese Enterprises, MSCI-ESG rating