Bestway Global Holding Sustainability Profile
Bestway Global Holding, commonly referred to as Bestway, is a prominent player in the global retail and wholesale industry, headquartered in Hong Kong. Founded in 1992, the company has established a strong presence across Asia, Europe, and North America, specialising in a diverse range of products including consumer goods, electronics, and home appliances. Bestway is renowned for its innovative approach to product development, offering unique solutions that cater to the evolving needs of consumers. With a commitment to quality and sustainability, the company has achieved significant milestones, positioning itself as a leader in the market. Notable achievements include expanding its distribution network and enhancing its product portfolio, which has solidified Bestway's reputation as a trusted brand in the competitive retail landscape.
DitchCarbon Score
How does Bestway Global Holding'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 Retail Trade Services 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
Bestway Global Holding's score of 22 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bestway Global Holding's reported carbon emissions
In 2020, Bestway Global Holding, headquartered in Hong Kong, reported total carbon emissions of approximately 131,320,000 kg CO2e. This figure includes about 19,843,000 kg CO2e from Scope 1 emissions and about 112,482,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data for this year. Comparatively, in 2019, Bestway Global Holding's total emissions were about 174,737,000 kg CO2e, with Scope 2 emissions accounting for approximately 123,231,000 kg CO2e and Scope 3 emissions from business travel at about 613,000 kg CO2e. In 2018, the total emissions were around 170,512,000 kg CO2e, with similar Scope 2 and Scope 3 figures. Despite these emissions figures, Bestway Global Holding has not set any specific reduction targets or climate pledges, nor have they reported any initiatives under the Science Based Targets initiative (SBTi). The emissions data is cascaded from their parent company, Bestway Global Holding Inc., indicating a corporate family relationship that influences their reporting. Overall, while Bestway Global Holding has made strides in emissions reporting, the absence of reduction targets highlights an area for potential improvement in their climate commitments.
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| 2018 | 2019 | 2020 | |
|---|---|---|---|
| Scope 1 | - | - | 00,000,000 |
| Scope 2 | 132,660,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 634,000 | 000,000 | - |
How Carbon Intensive is Bestway Global Holding's Industry?
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Bestway Global Holding's Scope 3 Categories Breakdown
Bestway Global Holding's Scope 3 emissions, which decreased by 3% last year and decreased by approximately 3% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Bestway Global Holding'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.
Bestway Global Holding 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.
