Cornerstone Technologies Sustainability Profile

In 2023, Cornerstone Technologies, headquartered in Hong Kong, reported total carbon emissions of approximately 41,550 kg CO2e. This figure includes 40,290 kg CO2e from Scope 2 emissions, which primarily arise from purchased electricity, and 1,260 kg CO2e from Scope 3 emissions, encompassing indirect emissions from the value chain. Notably, there is no reported data for Scope 1 emissions for this year. In contrast, the previous year, 2022, saw significantly higher emissions, totalling about 2,905,000 kg CO2e. This included 9,000 kg CO2e from Scope 1, 678,000 kg CO2e from Scope 2, and a substantial 2,218,000 kg CO2e from Scope 3 emissions. The drastic reduction in emissions from 2022 to 2023 indicates a significant shift in operational practices or energy sourcing. Despite these figures, Cornerstone Technologies has not set specific reduction targets or climate pledges, nor do they appear to be part of any recognised initiatives such as the Science Based Targets initiative (SBTi). The emissions data reported is cascaded from their parent company, Cornerstone Technologies Holdings Limited, reflecting the broader corporate family’s performance. Overall, while Cornerstone Technologies has made strides in reducing emissions, the absence of formal reduction commitments suggests an opportunity for further engagement in climate action initiatives.