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 29 is higher than 51% 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 (HK), reported total carbon emissions of approximately 230,088,990 kg CO2e. This figure includes 277,430 kg CO2e from Scope 1 emissions, 9,392,270 kg CO2e from Scope 2 emissions, and 230,088,990 kg CO2e from Scope 3 emissions, which encompasses categories such as purchased goods and services (274,428 kg CO2e) and waste generated in operations (9,254 kg CO2e). The total emissions from Scope 1 and 2 combined reached about 9,669,700 kg CO2e. In comparison, the previous year, 2022, saw emissions of approximately 297,939 kg CO2e in Scope 3, with Scope 1 and 2 emissions totalling about 9,251,960 kg CO2e, indicating a significant reliance on indirect emissions sources. Despite these figures, Concord New Energy Group Limited has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from any parent organisation, and all reported figures are derived directly from its own disclosures. Overall, while Concord New Energy Group Limited has made strides in transparency regarding its emissions, the lack of defined climate commitments or reduction strategies highlights an area for potential improvement in its sustainability efforts.
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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 | 000,000,000 |
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.
