Huaqin Technology Co., Ltd.

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2021

In its 2023 reporting, Huaqin Technology Co., Ltd. disclosed greenhouse gas emissions of 230.7K tCO2e/year. By scope: Scope 1: 5.2K tCO2e/year; Scope 2: 203.3K tCO2e/year; Scope 3: 22.1K 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
230.7K tCO2e/year
2023
⚡
Renewable Energy
6.63%
of total energy
💧
Water Usage
3.1M m3/year
2023
♻️
Waste
33.7K tons/year
2023
⚙️
Energy Use
38.1K MWh/year
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).5.2K tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.203.3K tCO2e/year
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).22.1K tCO2e/year

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

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2023230.7K tCO2e/year

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce water consumption by 52,800 m3 by 2024
  • Reduce energy consumption by 500 million kWh by 2028
  • Achieve 100% participation rate in low-carbon training by 2026
  • Achieve 98% recycling rate of solid wastes by 2026

📅 Medium-term

  • Achieve carbon peaking in our operation by 2030
  • Achieve the clean energy substitution ratio of 40% by 2028
  • Cause our supplier partners to save energy by 150 million kWh by 2028

🔭 Long-term

  • Achieve carbon neutrality throughout the Company by 2050

🌱 ESG Focus Areas

EnvironmentSocialGovernance

⚠️ Challenges & Risks +

  • Supply chain disruptions due to extreme weather, market supply, and demands
  • Increased costs and expenses due to higher requirements on renewable energy and energy efficiency
  • Possible increase in operating costs after the launch of a national carbon market
  • Potential risks from extreme high temperatures/drought, extreme coldness, and strong floods

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Sustainability Reporting Standards (GRI Standards), ISO 26000:2010, GB/T 36001-2015, Shanghai Stock Exchange 2030 Sustainable Development Goals of the United Nations (SDGs), TCFD
Assurance: SGS