- Stringent climate policies and potential carbon taxes.
- Market demand for sustainable products.
- Reputation risks associated with climate inaction.
- Technological risks from rapid industry advancements.
- Acute physical risks from extreme weather events.
- Chronic physical risks from long-term climate trends.
- Biodiversity loss affecting timber supply.
- Soil degradation impacting timber yields.
- Low pallet recycling rate in China.
Shanghai Xintonglian Packing Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Shanghai Xintonglian Packing Co., Ltd. disclosed greenhouse gas emissions of Scope 1: 700.41 + 815.96 + 156.45 = 1672.82 tCO2e/year; Scope 2: 538.79 + 3153.58 = 3692.37 tCO2e/year (2022 data). By scope: Scope 1: 1.7K tCO2e/year; Scope 2: 3.7K 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
Scope 1: 700.41 + 815.96 + 156.45 = 1672.82 tCO2e/year; Scope 2: 538.79 + 3153.58 = 3692.37 tCO2e/year (2022 data)
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. | 3.7K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved 100% recycling of wood chips and sawdust.
- Reduced fiberboard usage by 33%, wood board by 15%, and wood battens by 10% in pallet design.
- Reduced wood usage by 80-90% in certain packing solutions.
- Reduced raw paper loss by nearly 10 tons monthly at Wuxi factory.
- Reduced carbon emissions by 125.4 tons through heat recovery retrofit at Wuxi factory.
- Implemented intelligent logistics system to optimize transport routes and reduce fuel consumption.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 emissions by 42% by 2030 (relative to 2020).
- Align forestry-related Scope 3 emissions with SBTi FLAG guidance by 2030.
- Eliminate deforestation activities by 2025.
📅 Medium-term
- Achieve operational carbon neutrality by 2030.
🔭 Long-term
- Explore setting long-term carbon targets according to SBTi standards.
🌱 ESG Focus Areas
Climate ChangeNature ConservationSustainable Forest ManagementCircular Economy