- Weak demand in the display market due to intense competition, adjustments in global strategies by major customers, and geopolitical factors.
- Price reductions did not stimulate new demand.
- PMOLED demand limitations.
- Intensifying price competition for lithium battery module products.
- Risk of R&D talent attrition.
- Rapid changes in market demand and short product life cycles.
- Risk of patent infringement.
- Relatively high PMOLED product prices.
RiTdisplay Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, RiTdisplay Corporation disclosed greenhouse gas emissions of 14.7M tCO2e/year (consolidated). By scope: Scope 1: 63.1K tCO2e/year; Scope 2: 14.6M 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
14.7M tCO2e/year (consolidated)
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). | 63.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 14.6M 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 | 14.7M tCO2e/year (consolidated) |
| 2022 | 7.1K KgCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced greenhouse gas emissions by 35.09% compared to 2021 (consolidated). Implemented energy-saving measures, waste reduction and recycling initiatives.
- Obtained ISO 14001:2015 certification (valid until December 13, 2023).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Low-power lithium battery modules for smart homes, medical equipment, industrial tablets, and power tools.
- Lightweight power battery modules for low-speed electric vehicles.
- Accelerate the development of market-oriented products and enhance customization capabilities.
- Develop high-efficiency, long-life, and high-brightness products.
- Develop higher-resolution and higher pixel density color products.
📅 Medium-term
- Form strategic alliances with international major corporations.
- Long-term focus on recruiting and training R&D talents.
- Continuously strengthen professional capabilities in financial risk control management.
- Introduce high-end and automated production equipment.
- Establish a comprehensive quality management system.
🔭 Long-term
- Integrate the battery energy business within the group to expand into green and environmental-friendly energy industries.
- Continuously research and develop core technologies to maintain leading industry technology and create differentiation.
- Explore electrolysis technology and establish technological barriers.
- Continuously expand global branding and distribution channels.
- Expand the Chinese market by leveraging local supply chain advantages.
🌱 ESG Focus Areas
Environmental ProtectionLabor RelationsCorporate GovernanceEthical Corporate ManagementSustainable Development