- intense competition in the aluminum electrolytic capacitors industry
- Group’s revenue relies on the PRC market and sales of major product
- no long term contracts with our customers
- Group’s operation is highly dependent on our key management personnel and skilled and qualified employees
- The persistent outbreak of the COVID-19 pandemic severely weakened both local and global consumption market and posed a negative impact on the sales of the Group.
- border closure and lockdowns also posed an adverse impact on domestic and global supply chains resulted in higher production costs of the Group and the cost of operating continued to increase.
VERTICAL INTERNATIONAL HOLDINGS LIMITED
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, VERTICAL INTERNATIONAL HOLDINGS LIMITED disclosed greenhouse gas emissions of 41.9K metric tonnes of carbon dioxide equivalence (Scope 2) + 314683.60 kg (Scope 1). By scope: Scope 1: 314.7K kg; Scope 2: 41.9K metric tonnes. 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
41.9K metric tonnes of carbon dioxide equivalence (Scope 2) + 314683.60 kg (Scope 1)
2022
Water Usage
2.1K cm3
2022
Waste
220.22 tonnes (packaging) + 57.36 tonnes (hazardous) + 21.41 tonnes (cardboard) + 6.79 tonnes (leads) + 3.17 tonnes (paper)
2022
Energy Use
3.3M kWh
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). | 314.7K kg |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 41.9K metric tonnes |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Successfully accomplished this reporting year’s goal of maintaining the GHG emissions intensity below 0.3 metric tonnes CO2e per square meters.
- Total power consumption and carbon emission decreased compared to the previous reporting year. The amount of carbon emissions has decreased approximately 21% compared to the previous reporting year.
- Total non-hazardous waste intensity in the reporting year is 0.004 tonnes per square meters (2021: 0.008 tonnes per square meters), achieving the target of maintaining the intensity of total non-hazardous waste below 0.008 tonnes per square meters due to reduction in production volume.
- During the reporting year, the Group has reached the target of maintaining the intensity of total water consumption below 0.42 cubic metres per square meters.
🎯 Climate & Sustainability Targets
🔜 Short-term
- maintain the GHG emissions intensity at/below 0.2 metric tonnes CO2e per square meters
- maintain the intensity of total hazardous waste produced at/below 0.006 tonnes per square meters
- maintain the intensity of total water consumption at or at/below 0.20 cubic metres per square meters
- reduce or maintain the intensity of packaging materials at 0.0003 tonnes of the level of baseline year ended 31 December 2022
🌱 ESG Focus Areas
Environmental ProtectionHealth and SafetySupply Chain ManagementProduct ResponsibilityAnti-corruptionCommunity Investment