- Global economic instability impacting business.
- Tense global trade situation, currency fluctuations, and geopolitical risks affecting customers and suppliers.
- Increased depreciation expenses on right-of-use assets and building management fees.
- Increased employee benefit expenses due to additional headcount.
- Share-based payments related to the issuance of convertible notes.
- Impairment losses on certain properties, plant and equipment.
- Net current liabilities exceeding current assets.
- Financial covenant for bonds payable not met.
USPACE Technology Group Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, USPACE Technology Group Limited disclosed greenhouse gas emissions of 3.6K tCO2e/year. By scope: Scope 1: 194.31 tCO2e/year; Scope 2: 3.4K 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
3.6K tCO2e/year
2023
Water Usage
57.0K tonnes/year
2023
Waste
103.4K kg/year (non-hazardous) 639.67 kg/year (hazardous)
2023
Energy Use
6.5K MWh/year
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). | 194.31 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.4K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Obtained ISO 14001 environmental management system certification.
- Huizhou Plant's rooftop photovoltaic power generation amounted to 754,418.05 kilowatt hours.
- Total electricity consumption decreased by 38.83% compared to 2022.
- Total water consumption decreased by 8.73% compared to 2022.
- Recycled wooden boards and boxes used for equipment packaging, achieving a utilization rate of 20%.
🌱 ESG Focus Areas
Product innovationSatellite TT&C capabilitiesProduct qualityTechnology applicationCompliant operationOccupational health and safety