Cgn New Energy
Cgn New Energy, a prominent player in the renewable energy sector, is headquartered in Hong Kong and operates extensively across Asia and beyond. Founded in 2016, the company has rapidly established itself as a leader in clean energy solutions, focusing on solar and wind power generation. Cgn New Energy is renowned for its innovative approach to energy production, offering unique services that include project development, operation, and maintenance of renewable energy facilities. With a commitment to sustainability, the company has achieved significant milestones, including the successful commissioning of multiple large-scale solar farms. Recognised for its market position, Cgn New Energy continues to drive advancements in the industry, contributing to a greener future while meeting the growing demand for clean energy solutions.
DitchCarbon Score
How does Cgn New Energy'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 Electricity Transmission 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
Cgn New Energy's score of 13 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cgn New Energy's reported carbon emissions
In 2020, Cgn New Energy reported total carbon emissions of approximately 16,703,425,330 kg CO2e, which includes about 15,721,360 kg CO2e from Scope 2 emissions. This marked a significant reduction from previous years, as emissions in 2019 were about 17,774,698,170 kg CO2e, with Scope 2 emissions contributing approximately 18,012,930 kg CO2e. The company has shown a trend of fluctuating emissions over the years, with 2018 emissions reaching about 17,874,972,550 kg CO2e, and 2017 emissions at approximately 11,021,179,000 kg CO2e. Notably, the Scope 1 emissions for 2016 were reported at about 15,798,268,080 kg CO2e. Despite these figures, Cgn New Energy has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any formal climate pledges. The absence of defined reduction targets suggests a need for further commitment to climate action within the industry context. Overall, while Cgn New Energy has made strides in reducing its emissions, the lack of formalised targets indicates potential areas for improvement in their climate strategy.
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| 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|
| Scope 1 | 15,798,268,080 | 00,000,000,000 | 00,000,000,000 | - | - |
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Cgn New Energy is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
