Concord New Energy Group Limited Sustainability Profile
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 27 is lower than 56% 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. Notably, the majority of their emissions, about 230 million kg CO2e, fall under Scope 3, which encompasses indirect emissions from their value chain. The company has shown a significant reduction in emissions over the years. For instance, in 2022, their total emissions were approximately 9,251,960 kg CO2e, with Scope 1 and Scope 2 emissions contributing 1,646,910 kg CO2e and 7,605,050 kg CO2e, respectively. This indicates a strategic focus on managing and reducing their carbon footprint. Despite these figures, Concord New Energy Group Limited has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. The company operates independently without cascading emissions data from a parent organization, relying solely on its own reported figures. Overall, while Concord New Energy Group Limited has made strides in emissions reporting, the lack of formal reduction commitments suggests an area for potential growth in their climate strategy.
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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 |
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Concord New Energy Group Limited'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.
Concord New Energy Group Limited 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.
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