- Slow recovery of the global economy and fierce competition in the industry
- Climate change risks
- Labor relations risks
- Business ethics risks
- Intellectual property management and protection risks
- Information security risks
Luxshare Precision Industry Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Luxshare Precision Industry Company Limited disclosed greenhouse gas emissions of 1.6M tCO2e (Location-based); 675053.85 tCO2e (Market-based). By scope: Scope 1: 64.9K tCO2e; Scope 2: 1.6M tCO2e (Location-based); 610143.26 tCO2e (Market-based); Scope 3: 5.9M tCO2e. 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
1.6M tCO2e (Location-based); 675053.85 tCO2e (Market-based)
2023
Renewable Energy
63%
of total energy
Water Usage
24.6K ML
2023
Waste
153.0K tons
2023
Energy Use
2.8M MWh
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). | 64.9K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.6M tCO2e (Location-based); 610143.26 tCO2e (Market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 5.9M tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Absolute Scope 1&2 GHG emissions reduced year on year by 54% from 2022
- Scope 3 GHG emissions per CNY of value added decreased by 13% from 2022
- Energy saved reached 143,893 MWh
- Overall installed capacity of rooftop solar PV power generation reached 85 MW
- Utilization rate of clean energy reached 63%
- Average waste transformation rate reached 86.06%
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce absolute Scope 1 and 2 emissions 50.4% by 2032 from a 2022 base year
- Reduce Scope 3 emissions 58.1% per CNY of value added by 2032 from a 2022 base year
- Save 250 million kWh energy cumulatively from 2023 to 2025
- Clean energy utilization rate increase to 50% by 2025
- Achieve a waste transformation rate of 90% by 2025
📅 Medium-term
- Clean energy utilization rate increase to 40% by 2024
🔭 Long-term
- Achieve carbon neutrality no later than 2050
🌱 ESG Focus Areas
Climate changeEmployee rights and interestsResponsible supply chain managementBusiness ethics