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 86% 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 239,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 230,000,000 kg CO2e. The company’s Scope 1 emissions were about 277,000 kg CO2e, while Scope 2 emissions totalled approximately 9,392,270 kg CO2e. Over the years, the company has shown a trend in its emissions data. In 2022, total emissions were around 9,000,000 kg CO2e, with Scope 1 at about 1,646,910 kg CO2e and Scope 2 at approximately 7,605,050 kg CO2e. In 2021, emissions were about 6,668,870 kg CO2e, with Scope 1 emissions of approximately 1,641,280 kg CO2e and Scope 2 emissions of about 5,026,590 kg CO2e. Despite these figures, there are currently no disclosed reduction targets or climate pledges from Concord New Energy Group Limited. The company has not specified any initiatives under the Science Based Targets initiative (SBTi) or other reduction commitments. This lack of formal targets may reflect the broader industry context, where many companies are increasingly pressured to establish clear climate commitments to mitigate their environmental impact. Overall, while Concord New Energy Group Limited has made strides in reporting its emissions, the absence of reduction targets highlights an area for potential improvement in its 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 |
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.
