- High environmental emission standards in the Taihu Lake area increasing operating costs
- Increasingly stringent ESG regulations
- Pressure to upgrade technology and increase investment
- Competition in the valve market
- Customer demand for personalized customization and low-carbon products
Neway Valve (Suzhou) Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Neway Valve (Suzhou) Co., Ltd. disclosed greenhouse gas emissions of 127.3K tCO2e/year. By scope: Scope 1: 1.9K tCO2e/year; Scope 2: 6.7K tCO2e/year; Scope 3: 119.7K 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
127.3K tCO2e/year
2023
Renewable Energy
23%
of total energy
Water Usage
211.9K tons/year
2023
Waste
4.8K tons/year
2023
Energy Use
17.7M KWH/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). | 1.9K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 6.7K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 119.7K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Sewage treatment compliance rate of 100%
- Water reuse rate of 10.31%
- Reduced water consumption per 10,000 yuan of output value from 1.26 M3/10,000 yuan to 0.43 M3/10,000 yuan (2021-2023)
- Reduced electricity consumption per 10,000 yuan of output value from 52.280 KWH/10,000 yuan to 32.511 KWH/10,000 yuan (2021-2023)
- Installation of approximately 50,000 m2 of photovoltaic solar panels, generating 3,760,450 kWh in 2023
- Replacement of diesel forklifts with electric forklifts, reducing forklift carbon emissions by 4.51T CO2-e compared to 2022
- Implementation of variable frequency fans, saving 750,000 kWh of electricity and reducing carbon emissions by 427.7 TCO2-e
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption per unit of product by 5% by 2025 compared to 2021 baseline
📅 Medium-term
- Achieve 30% renewable energy by 2030
- Reduce water consumption per unit of product by 15% by 2030 compared to 2021 baseline
- Reduce greenhouse gas emissions by 20% by 2030 compared to 2021 baseline
- Reduce comprehensive energy consumption per unit of product by 10% by 2030 compared to 2021 baseline
🔭 Long-term
- Achieve carbon neutrality by 2050
🌱 ESG Focus Areas
GovernanceSocialEnvironmental