- Global economic downturn and bear market in virtual assets impacting cloud-based services revenue.
- Loss of major clients in SaaS business.
- High operating costs and change of business planning leading to the dissolution of New Huo Trust US.
- Increased frequency and severity of extreme weather events disrupting operations.
- Stringent climate legislations and regulations increasing compliance costs and risks.
New Huo Technology Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, New Huo Technology Holdings Limited disclosed greenhouse gas emissions of 1.8K tCO2e/year. By scope: Scope 1: 20.32 tCO2e/year; Scope 2: 1.8K tCO2e/year; Scope 3: 35.18 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
1.8K tCO2e/year
2022
Water Usage
12.9K m3/year
2022
Waste
6.56 tonnes/year
2022
Energy Use
3.6K MWh/year
2022
📊 Emissions by Scope (2022)
| 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). | 20.32 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.8K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 35.18 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 |
|---|---|
| 2022 | 1.8K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Total GHG emissions intensity (tCO2e per employee) decreased by approximately 14.80% compared to last financial year.
- Hazardous wastes disposal intensity (tonnes per employee) has decreased by approximately 33.33% in comparison to last financial year.
- Total energy consumption intensity (MWh per employee) has decreased by approximately 16.82% compared to last financial year.
- Total water consumption intensity (cubic meters per employee) has decreased by approximately 18.48% in comparison to last financial year.
- Packaging material usage intensity (tonnes per employee) has decreased by approximately 5.56% in comparison to the last financial year.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions intensity (tCO2e per employee) over the next 3 years.
- Reduce hazardous waste intensity (tonnes per employee) over the next 3 years.
- Reduce total energy consumption intensity (MWh per employee) over the next 3 years.
- Reduce total water consumption intensity (cubic meters per employee) over the next 3 years.
- Reduce total non-hazardous wastes intensity (tonnes per employee) over the next 3 years.
🌱 ESG Focus Areas
Emissions ControlWaste ManagementEnergy ManagementWater ManagementEmployment PracticeHealth and SafetyDevelopment and TrainingSupply Chain ManagementAnti-corruptionCommunity InvestmentClimate Change Management