TPV Technology Co., Ltd.

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022, 2021, 2020

In its 2023 reporting, TPV Technology Co., Ltd. disclosed greenhouse gas emissions of 117.9K tCO2e (Scope 1 & 2 market based). By scope: Scope 1: 10.1K tCO2e; Scope 2: 107.8K tCO2e (market based); Scope 3: 7.6M tCO2e (use of sold products). 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
117.9K tCO2e (Scope 1 & 2 market based)
2023
⚡
Renewable Energy
6.28%
of total energy
💧
Water Usage
1.6M tons
2023
♻️
Waste
33.0K tons (non-hazardous)
2023
⚙️
Energy Use
220.9K MWh
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).10.1K tCO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.107.8K tCO2e (market based)
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).7.6M tCO2e (use of sold products)

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2023117.9K tCO2e (Scope 1 & 2 market based)
20212.0M tCO2e/year

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce annual electricity consumption by 2.4% from 2021 by 2025
  • Ensure that renewable electricity accounts for at least 13% of total electricity consumption by 2025
  • Reduce product energy use of own brand monitors and TVs by 25% from 2020 by 2025
  • Require key suppliers to provide GHG inventory information by 2025

📅 Medium-term

  • Reduce Scope 1 & 2 emissions by 42% from 2020 by 2030
  • Reduce Scope 3 emissions – use of sold products by 42% from 2020 by 2030
  • Use at least 50% of recycled plastic or ocean-bound plastic in own brand products by 2030
  • Use at least 25% of recycled aluminum in aluminum parts of own brand products by 2030
  • Use at least 95% of recycled packaging materials in own brand products by 2030

🔭 Long-term

  • Net Zero Emissions by 2050

🌱 ESG Focus Areas

Climate ChangeCircular EconomySustainable Supply ChainHuman Rights & Labor RightsOccupational Health & SafetyData Security & Customer Privacy ProtectionProduct Quality & SafetyBiodiversity

⚠️ Challenges & Risks +

  • Intensified global climate crisis, deterioration of ecological environment, and shortage of energy and resources
  • Geopolitical instability, increased supply chain risks, and growing inequality
  • Climate disclosure obligations
  • Low carbon pricing
  • Product carbon footprint
  • Renewable energy
  • Innovation in low-carbon technology
  • Increased raw material costs
  • Changes in the needs of customers and consumers
  • Negative evaluation from stakeholders

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards, TCFD framework, TNFD framework, Reference Index System for ESG Report of Central Holding Listed Companies, Chapter VIII “Social Responsibility” of the Business Guidelines of Shenzhen Stock Exchange, UN Sustainable Development Goals (SDGs), UN Global Compact (UNGC) Ten Principles
Assurance: PricewaterhouseCoopers Zhong Tian LLP; TÜV NORD (Hangzhou) Co., Ltd.