- Inventory risk in the cycling market led to a significant decline of Giant Group’s revenues and profits in Europe and the U.S.
- High inventory risk in the cycling industry.
- EU Carbon Border Adjustment Mechanism (CBAM) impacting the cycling supply chain.
Giant Group
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Giant Group disclosed greenhouse gas emissions of 87.0K tCO2e/year (Scope 1 and 2 Taiwan and China). By scope: Scope 1: 27.5K tCO2e/year; Scope 2: 59.4K tCO2e/year; Scope 3: 642.5K 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
87.0K tCO2e/year (Scope 1 and 2 Taiwan and China)
2023
Renewable Energy
11.7%
of total energy
Water Usage
2.0K megaliters/year
2023
Waste
20.3K tons/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). | 27.5K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 59.4K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 642.5K 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 | 87.0K tCO2e/year (Scope 1 and 2 Taiwan and China) |
| 2022 | 34.7K metric tons CO2e (Taiwan factories) + 749788 metric tons CO2e (five China factories) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Carbon emissions per million dollars of revenue dropped 22% in 2023 compared to 2021 at the Taiwan factory, with a 30% reduction in absolute emissions.
- Reduced the use of plastic packaging materials with 95% of packaging materials being recyclable.
- Annual water savings of 20,860 metric tons at Giant (China) Co., Ltd.
- Annual water savings of 79,862 metric tons at Giant (Kunshan) Co., Ltd.
- Hazardous waste reduced by 804 metric tons in 2023 at D. Mag (Kunshan) with an expected annual reduction of 3,000 metric tons.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2025
- Reduce GHG emissions by 9% by 2025
- Increase green power to 10% of total electricity by 2025
- Achieve 70% key suppliers with ISO14064 certifications by 2025
- Achieve 9% carbon reduction rate of BAS key suppliers by 2025
📅 Medium-term
- Reduce GHG emissions by 25% by 2030
- Increase green power to 15% of total electricity by 2030
- Achieve 100% key suppliers with ISO14064 certifications by 2030
- Achieve 25% carbon reduction rate of BAS key suppliers by 2030
- Increase number of public bicycle rentals to 1.2 billion by 2030
🔭 Long-term
- Achieve 100% circular products by 2030
🌱 ESG Focus Areas
ClimateCircularityDiversity, Equity, and Inclusion (DEI)