- Decreased consolidated revenue in 2023 (25.35% decrease compared to 2022).
- Impact of the pandemic on on-site supplier audits.
- Climate change risks (extreme weather events, cost of transition to low-carbon technology).
- Financial risks (market risk, credit risk, liquidity risk).
- Risks of changing environmental protection policies in the chemical industry.
- Management level risk (failure to cultivate or hire talent with suitable qualifications).
SWANCOR HOLDING CO., LTD.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, SWANCOR HOLDING CO., LTD. disclosed greenhouse gas emissions of 4.1K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 1.7K tCO2e/year; Scope 2: 2.4K 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
4.1K tCO2e/year (Scope 1 & 2)
2023
Renewable Energy
3.75%
of total energy
Water Usage
3.625 million liters/year
2023
Waste
484.685 tons/year (hazardous waste)
2023
Energy Use
31.2M MJ/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). | 1.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.4K 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 | 4.1K tCO2e/year (Scope 1 & 2) |
| 2022 | 2.1K tCO2e |
| 2021 | 2.0K tCO2e |
| 2019 | 260.2K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Developed recyclable thermosetting material EzCiclo and won numerous awards.
- Developed rail transit composite materials to meet the needs of weight reduction and energy saving.
- Invested in CCUS (carbon capture, reuse, and storage), developed the chemical formula for carbon capture absorbent, and collaborated with Tsinghua University to design carbon capture equipment.
- Developed microwave heating technology to reduce waste, which is more efficient and environmentally friendly than incinerators.
- Reduced GHG emissions (Scope 1 and 2 combined) from 2799.128 tCO2e in 2022 to 4068.953 tCO2e in 2023 (Note: This increase is mentioned in the report but requires further investigation to understand the reasons behind it).
- Achieved 3.75% renewable energy share in total energy use.
- Installed 444.44KW solar photovoltaic power generation equipment.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption
- Improve energy efficiency
- Increase the proportion of green procurement
📅 Medium-term
- Achieve 25% renewable energy use
- Establish a source of bio-based raw material suppliers
- Decrease waste generation by the top 10 raw material suppliers
🔭 Long-term
- Achieve carbon neutrality across the group’s value chain by 2040
- Achieve net zero emissions by 2050
🌱 ESG Focus Areas
Corporate GovernanceEnvironmental SustainabilitySocial CohesionGreen Circular EconomyCarbon Neutrality