Concord New Energy Group Limited
Concord New Energy Group Limited, often referred to as CNE Group, is a prominent player in the renewable energy sector, headquartered in Hong Kong. Founded in 2006, the company has established itself as a leader in the development and operation of clean energy projects, particularly in solar and wind power. With a strong presence in Asia and expanding operations globally, CNE Group focuses on innovative solutions that enhance energy efficiency and sustainability. The company’s core offerings include the design, construction, and management of renewable energy facilities, distinguished by their commitment to cutting-edge technology and environmental stewardship. CNE Group has achieved significant milestones, including numerous successful project completions and strategic partnerships, solidifying its market position as a trusted provider in the green energy landscape.
DitchCarbon Score
How does Concord New Energy Group Limited'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
Concord New Energy Group Limited's score of 25 is lower 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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Concord New Energy Group Limited's reported carbon emissions
In 2023, Concord New Energy Group Limited, headquartered in Hong Kong, reported total carbon emissions of approximately 230,088,990 kg CO2e. This figure includes 277,430 kg CO2e from Scope 1 emissions and 9,392,270 kg CO2e from Scope 2 emissions, resulting in a combined total of 9,669,700 kg CO2e for Scope 1 and 2. Notably, the majority of their emissions fall under Scope 3, which accounts for about 230 million kg CO2e. Comparatively, in 2022, the company recorded total emissions of approximately 9,251,960 kg CO2e, with Scope 1 emissions at 1,646,910 kg CO2e and Scope 2 emissions at 7,605,050 kg CO2e. This indicates a significant increase in emissions in 2023, particularly in Scope 3. Concord New Energy Group Limited has not disclosed any specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent organization. The absence of SBTi (Science Based Targets initiative) commitments or documented climate pledges suggests that the company may still be in the early stages of formalising its climate strategy. Overall, while the company has made strides in emissions reporting, its lack of reduction targets highlights an area for potential improvement in its climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 965,400 | 000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 8,153,740 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 000,000,000 |
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.
Concord New Energy Group Limited 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.
