2GO Group, Inc. Sustainability Profile
2GO Group, Inc., a leading logistics and transportation company based in the Philippines, has established itself as a key player in the maritime and logistics industry since its founding in 2004. Headquartered in Manila, 2GO operates extensively across the archipelago, providing essential services that include freight forwarding, shipping, and supply chain management. The company is renowned for its diverse range of offerings, including passenger ferries and cargo shipping, which are distinguished by their reliability and efficiency. With a commitment to innovation, 2GO has achieved significant milestones, enhancing its market position as a trusted partner in logistics solutions. As a result, 2GO Group, Inc. continues to play a vital role in connecting businesses and communities throughout the Philippines.
DitchCarbon Score
How does 2GO Group, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Inland Water Transport industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
2GO Group, Inc.'s score of 24 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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2GO Group, Inc.'s reported carbon emissions
In 2023, 2GO Group, Inc. reported total carbon emissions of approximately 204,100,000 kg CO2e, comprising about 200,094,000 kg CO2e from Scope 1 and about 4,608,000 kg CO2e from Scope 2 emissions. This reflects a slight decrease in Scope 1 emissions from 2022, which were about 209,337,000 kg CO2e, while Scope 2 emissions also saw a minor reduction from approximately 4,263,000 kg CO2e. 2GO Group has set ambitious climate commitments, aiming for net-zero emissions by 2050. In the near term, the company targets a 30% reduction in Scope 1 emissions from a 2021 baseline by 2030, alongside a similar 30% reduction target for Scope 2 emissions within the same timeframe. Additionally, 2GO aims to reduce its Scope 1 and 2 emissions to near zero by the middle of this decade, specifically by 2025. The emissions data is cascaded from the parent company, SM Investments Corporation, which provides a broader context for 2GO's sustainability initiatives. The company is currently classified as a current subsidiary, indicating its commitment to aligning with corporate family climate strategies.
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| 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 236,884,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 3,619,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is 2GO Group, Inc.'s Industry?
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2GO Group, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
2GO Group, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
