- Weak global demand for bicycles
- Slow destocking process in the bicycle industry
- High inventory levels of mid- and low-end bicycles
- Exchange rate fluctuations affecting gross profit margin
- Talent gap in key processing areas
- Tariff barriers hindering competitiveness
Joy Industrial Co., LTD
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Joy Industrial Co., LTD disclosed greenhouse gas emissions of 2.5K tCO2e/year (2023). By scope: Scope 1: 108.5937 tCO2e/year (2023); Scope 2: 1.0K tCO2e/year (2023); Scope 3: 1.4K tCO2e/year (2023). 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
2.5K tCO2e/year (2023)
2023
Water Usage
10.7K tons/year (2023)
2023
Waste
71.99 tons/year (2023)
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). | 108.5937 tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.0K tCO2e/year (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.4K tCO2e/year (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 2.5K tCO2e/year (2023) |
| 2022 | 1.5K tCO2e/year (estimated) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Completed greenhouse gas (GHG) inventory inspection and obtained relevant certificates
- Implemented energy-saving and carbon reduction policies
- Passed greenhouse gas disk certification ISO14064-1
- Implemented various energy-saving measures (replacing energy-saving lighting fixtures, turning off lights manually, setting the temperature of air conditioners, changing some common areas to sensor lights and water-saving devices)
- Implemented policies such as paperless electronic billing system and waste battery recycling incentives
- Replaced plastic bag packaging with honeycomb wrap paper packaging, reducing carbon emissions by approximately 2,400 kg
🎯 Climate & Sustainability Targets
🔜 Short-term
- Expand online sales platform
- Increase self-production rate
- Strengthen product design capability
- Develop talents
- Enhance production system
📅 Medium-term
- Develop major core technologies and cost-saving R&D operations
- Develop innovative,Green Design unique and high-quality hubs and carbon fiber wheelsets
🔭 Long-term
- Develop energy-saving and carbon-reducing products
- Continue to upgrade and improve product design
- Make good use of the design for carbon fiber products to increase market share
- Increase automated machinery to reduce costs and increase product yields and efficiency
- Utilize the advantages of our production bases in China and Taiwan to support each other and differentiate the product levels
🌱 ESG Focus Areas
Environmental ProtectionEnergy SavingCarbon ReductionSocial ResponsibilityEmployee Well-beingCorporate Governance