- Heightened geopolitical tensions and global instability significantly impacting the established international economic order.
- Rising global energy prices, disrupted energy supply chains, and threatened energy security.
- Global climate crisis posing a significant challenge to the Paris Agreement’s 2°C target.
Shenzhen INOVANCE Technology Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Shenzhen INOVANCE Technology Co., Ltd. disclosed greenhouse gas emissions of 10.7M tCO2e. By scope: Scope 1: 1.8K tCO2e; Scope 2: 121.3K tCO2e; Scope 3: 883.7K tCO2e. 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
10.7M tCO2e
2023
Renewable Energy
3.91%
of total energy
Water Usage
435.6K m3
2023
Energy Use
8.7K MWh
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). | 1.8K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 121.3K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 883.7K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Implemented several energy-saving and emission-reduction initiatives, encompassing equipment intelligence upgrades, digital and refined energy management, and optimization of high-energy-consumption processes.
- Newly constructed Yueyang factory adheres to green, low-carbon, and digital factory standards, incorporating clean energy sources to optimize our energy consumption structure.
- Reduced the coal consumption per kilowatt-hour of power plants, lowered the entire plant power consumption by 0.3~0.5% or more, and achieves a comprehensive power saving rate of over 20%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve operational carbon peaking by 2028.
📅 Medium-term
- Reduce major suppliers’ GHG emissions by 30% compared to 2021 by 2030.
- Achieve 50% green electricity use within the energy structure by 2024.
🔭 Long-term
- Achieve operational carbon neutrality by 2050.
🌱 ESG Focus Areas
Corporate GovernanceLean InnovationLow Carbon LeadershipResponsible EcologyTalent DevelopmentGreen Operations