- Intense competition in the LED market and significant erosion of manufacturers' profits by low-priced products.
- Decrease in demand in the LED market in fiscal year 2023.
- US-China competition, extreme weather conditions, and geopolitical conflicts add significant uncertainties to the economy.
Harvatek Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Harvatek Corporation disclosed greenhouse gas emissions of 14.2K tCO2e/year (Scope 123). By scope: Scope 1: 258.5233 tCO2e/year; Scope 2: 8.3K tCO2e/year; Scope 3: 5.6K 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
14.2K tCO2e/year (Scope 123)
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). | 258.5233 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 8.3K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 5.6K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced electricity consumption by 8% in 2023, achieving the project target.
- All plants completed voluntary inventories for ISO 14064-1 Scope 1, 2, and 3, as well as ISO 14001 certification.
- Implemented various energy-saving improvement projects.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce electricity consumption by 1% compared to 2022.
🌱 ESG Focus Areas
Environmental ProtectionOccupational Safety and HealthCorporate GovernanceHuman RightsSustainable Development