Rainbow Bitco Ltd

Greenhouse gas emissions & sustainability report data

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

In its 2022 reporting, Rainbow Bitco Ltd disclosed greenhouse gas emissions of 462.2K tCO2eq/year. By scope: Scope 1: 7.2K tCO2e/year; Scope 2: 12.7K tCO2e/year; Scope 3: 442.3K 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
462.2K tCO2eq/year
2022
💧
Water Usage
225.1K m3/year
2022
♻️
Waste
7.3K tons/year
2022
⚙️
Energy Use
346.8K MWh/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).7.2K tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.12.7K tCO2e/year
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).442.3K tCO2e/year

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce water withdrawn per unit produced in factories by 20% by 2025
  • Reduce waste generated per units produced and shipped by 25% by 2025
  • Achieve 80% recyclable, reusable, or refillable packaging by 2025
  • Achieve 30% PCR material in packaging by 2025
  • Reach 100% RSPO certified palm oil by 2025

📅 Medium-term

  • Reduce water withdrawn per unit produced in factories by 35% by 2030
  • Reduce waste generated per units produced and shipped by 35% by 2030
  • Achieve 100% recyclable, reusable, or refillable packaging by 2030
  • Increase the proportion of packaging made from PCR materials by 50% by 2030
  • Reduce Scope 1 and 2 GHG emissions by 46.2% by 2030

🌱 ESG Focus Areas

Climate ChangeWaterWasteSustainable Salon OperationsDiversity, Equity, Inclusion & BelongingHuman & Social RightsBusiness EthicsProduct Quality & SafetyClean & Green Formulation and PackagingDiverse Product Offerings

⚠️ Challenges & Risks +

  • Scope 3 emissions increased by 10.7% per unit sold compared to 2019 baseline (due to initial stages of identifying reduction opportunities and methodology changes)
  • Water consumption for product use is a significant environmental impact
  • Need to increase the proportion of packaging made from post-consumer recycled (PCR) materials

📋 Report Information

Reporting Period: 2022
Frameworks: GRI, SBTi, UNGC, WEPs, TNFD