- Global economic slowdown affecting end-user demand.
- Shortened product life cycles increasing inventory and cash flow management risks.
- Fierce price competition impacting profit margins.
- Labor shortages and rising labor costs in China.
- Potential risks from climate change (though not significantly impacting finances in 2023).
Primax Electronics Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Primax Electronics Ltd. disclosed greenhouse gas emissions of 33.7K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 5.0K tCO2e/year; Scope 2: 28.7K tCO2e/year; Scope 3: 1.7M 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
33.7K tCO2e/year (Scope 1 & 2)
2023
Renewable Energy
41.93%
of total energy
Water Usage
780.3K m3/year
2023
Waste
2.5K tons/year
2023
Energy Use
336.2B KJ/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). | 5.0K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 28.7K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.7M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Recognized as a "Leadership Level A" enterprise in CDP Climate Change Questionnaire, outperforming 21,000 participants.
- Honored in the S&P Global Sustainability Yearbook 2024, receiving the "Industry Mover" recognition.
- Achieved a 20.67% reduction in Scope 1 and 2 GHG emissions (CO2e) compared to 2022 and a 59.36% reduction compared to 2019.
- Renewable energy accounted for 41.93% of total electricity consumption in 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions (CO2e) for Scope 1 and Scope 2 by 30% by 2025 (compared to 2019).
📅 Medium-term
- Achieve 60% renewable energy share in total electricity consumption by 2030.
- Reduce water intensity by 40% by 2030 (compared to 2020).
🔭 Long-term
- Achieve 100% renewable energy and carbon neutrality for Scopes 1 and 2 by 2040.
- Achieve net-zero emissions by 2050.
🌱 ESG Focus Areas
Climate ChangeGovernanceSocial