China Automobile New Retail Holdings
China Automobile New Retail Holdings, often referred to as CANR Holdings, is a prominent player in the automotive industry, headquartered in Hong Kong. Established in 2016, the company has rapidly expanded its operations across major regions in China, focusing on innovative retail solutions for the automotive sector. Specialising in the integration of online and offline sales channels, CANR Holdings offers a unique platform that enhances the car-buying experience. Their core services include vehicle sales, financing solutions, and after-sales support, all designed to streamline the purchasing process for consumers. With a commitment to leveraging technology in retail, China Automobile New Retail Holdings has positioned itself as a leader in the new retail automotive landscape, achieving significant milestones in customer engagement and market penetration.
DitchCarbon Score
How does China Automobile New Retail Holdings'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
China Automobile New Retail Holdings's score of 37 is higher 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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China Automobile New Retail Holdings's reported carbon emissions
In 2023, China Automobile New Retail Holdings, headquartered in Hong Kong, reported total carbon emissions of approximately 32,393,230 kg CO2e. This figure includes 796,410 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 31,525,760 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Scope 3 emissions were recorded at 71,060 kg CO2e, which encompass all other indirect emissions that occur in the value chain. Comparatively, in 2022, the company’s total emissions were about 44,679,300 kg CO2e, with Scope 1 emissions at 809,180 kg CO2e, Scope 2 at 43,819,660 kg CO2e, and Scope 3 at 50,470 kg CO2e. This indicates a significant reduction in total emissions of approximately 12,286,070 kg CO2e from 2022 to 2023. Despite these reductions, there are currently no documented reduction targets or climate pledges from China Automobile New Retail Holdings. The company does not appear to have cascaded any specific science-based targets from parent organisations, as it operates independently in this regard. The emissions data is sourced directly from the company without any cascading from a corporate family relationship. Overall, while the company has made strides in reducing its carbon footprint, further commitments and structured reduction targets would enhance its climate strategy and align it with industry standards.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 828,400 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 28,577,530 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 33,330 | 00,000 | 00,000 | 00,000 |
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.
China Automobile New Retail Holdings 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.
