Cgn New Energy Sustainability Profile
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 21 is lower than 62% 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 2022, CGN New Energy, headquartered in Hong Kong, reported Scope 2 emissions of approximately 371.2 million kg CO2e. This figure reflects a decrease from 2021, where Scope 2 emissions were about 407.8 million kg CO2e, and from 2020, which saw emissions of approximately 522.3 million kg CO2e. The total emissions calculated for CGN New Energy, encompassing all scopes, is approximately 37,124,000,000 kg CO2e. The company has set ambitious climate commitments, aiming for a 15% reduction in comprehensive energy consumption per 10,000 yuan of output value by 2025 compared to 2020 levels. Additionally, by 2030, CGN New Energy targets a 20% reduction in the same metric. These targets are focused on Scope 2 emissions and demonstrate the company's commitment to improving energy efficiency and reducing its carbon footprint. CGN New Energy does not currently report Scope 1 or Scope 3 emissions, and there are no SBTi targets or other climate pledges disclosed. The emissions data is not cascaded from a parent organization, indicating that the reported figures are specific to CGN New Energy Holdings Co., Ltd.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 17,874,972,550 | - | - | - | - |
| Scope 2 | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Cgn New Energy's Industry?
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Cgn New Energy'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.
Cgn New Energy 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.
