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 28 is higher than 87% 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 reported total carbon emissions of approximately 239,000,690 kg CO2e. This figure includes 277,430 kg CO2e from Scope 1 emissions, 9,392,270 kg CO2e from Scope 2 emissions, and a significant 230,088,990 kg CO2e from Scope 3 emissions. The Scope 3 emissions are primarily driven by purchased goods and services, which account for about 143,000,000 kg CO2e. The company has shown a notable reduction in its Scope 1 and Scope 2 emissions over the past few years. For instance, in 2022, Scope 1 emissions were reported at 1,646,910 kg CO2e and Scope 2 emissions at 7,605,050 kg CO2e. This indicates a strategic focus on reducing direct and indirect emissions associated with their operations. Despite these reductions, there are currently no publicly disclosed reduction targets or climate pledges from Concord New Energy Group Limited. The absence of specific initiatives or commitments suggests that while the company is actively monitoring its emissions, it may not yet have formalised long-term climate strategies or targets in line with industry standards. Overall, Concord New Energy Group Limited's emissions profile reflects a significant reliance on Scope 3 emissions, highlighting the importance of addressing supply chain impacts in their future 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.
