Yuxing InfoTech Investment Holdings Limited

Greenhouse gas emissions & sustainability report data

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

In its 2022 reporting, Yuxing InfoTech Investment Holdings Limited disclosed greenhouse gas emissions of 144.46 tCO2e/year. By scope: Scope 1: 44.20 tCO2e/year; Scope 2: 90.98 tCO2e/year; Scope 3: 9.28 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
144.46 tCO2e/year
2022
💧
Water Usage
1.1K m3/year
2022
⚙️
Energy Use
346.4K kWh/year
2022

📊 Emissions by Scope (2022)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).44.20 tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.90.98 tCO2e/year
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).9.28 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 periodHeadline emissions figure reported
2022144.46 tCO2e/year
2021216.84 tonnes carbon dioxide equivalent/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 energy consumption intensity by 2% by 2027 using 2022 as the baseline year.
  • Reduce water consumption intensity by 2% by 2027 using 2022 as the baseline year.

🔭 Long-term

  • Strive towards carbon neutrality by 2050.

🌱 ESG Focus Areas

Health and SafetyEmployee Benefits and WelfareProduct ResponsibilityEqual OpportunityAnti-corruptionLabour StandardsDevelopment and TrainingSupply Chain ManagementCommunity InvestmentThe Environment and Natural ResourcesUse of ResourcesEmissionsClimate Change

⚠️ Challenges & Risks +

  • Tightened supply of microchips as the raw materials of the distributed products of the IHA business.
  • Growth in cost pressures from raw materials of the distributed products of the IHA business.
  • Fierce competition on the rapid iteration of technological products in the IHA business.
  • Service and rental income from US IDC may fail to meet the expectation due to the spread of COVID-19 pandemic and the economic crisis from pandemic recession.
  • Investment return from the stock market may be subject to frequent changes of market policies and regulations.
  • Value of digital assets held by the Group may be subject to volatile market prices, impairment and unique risks of loss such as cyberattacks, human errors or computer malfunctions.
  • Regulatory challenges to or limitations on the Group’s digital asset investment.
  • Impact from macroeconomic conditions resulting from the global COVID-19 pandemic.

📋 Report Information

Reporting Period: 2022
Frameworks: ESG Reporting Guide under Appendix 20 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange of Hong Kong Limited