Daqo New Energy Sustainability Profile
Daqo New Energy Corp., a leading player in the solar energy sector, is headquartered in China (CN) and operates extensively in regions such as Asia and North America. Founded in 2007, the company has rapidly established itself as a key manufacturer of high-purity polysilicon, essential for solar photovoltaic (PV) applications. Daqo's commitment to innovation is evident in its advanced production techniques, which ensure high efficiency and sustainability in its core products. With a strong market position, Daqo New Energy has achieved significant milestones, including substantial production capacity expansions and strategic partnerships within the renewable energy landscape. The company’s focus on quality and cost-effectiveness has garnered recognition, making it a preferred supplier for leading solar manufacturers globally. As the demand for clean energy solutions continues to rise, Daqo remains at the forefront of the solar industry, driving advancements in renewable energy technology.
DitchCarbon Score
How does Daqo New Energy'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 from Other Sources 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
Daqo New Energy's score of 20 is lower than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Daqo New Energy's reported carbon emissions
In 2024, Daqo New Energy reported total carbon emissions of approximately 4,421,566,260 kg CO2e, comprising 740,900 kg CO2e from Scope 1 and about 4,420,825,360 kg CO2e from Scope 2 emissions. This represents a significant increase from 2023, where emissions totalled approximately 7,479,194,240 kg CO2e, with 289,620 kg CO2e from Scope 1 and about 7,478,904,620 kg CO2e from Scope 2. Over the past few years, Daqo has shown a trend of increasing emissions, with 2022 emissions recorded at approximately 4,935,224,880 kg CO2e, including 210,670 kg CO2e from Scope 1 and about 4,935,014,210 kg CO2e from Scope 2. In 2021, the company emitted approximately 3,972,169,730 kg CO2e, with 149,330 kg CO2e from Scope 1 and about 3,972,020,400 kg CO2e from Scope 2. The 2020 figures were approximately 3,815,327,980 kg CO2e, with 124,250 kg CO2e from Scope 1 and about 3,815,203,730 kg CO2e from Scope 2. Daqo New Energy has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company does not report Scope 3 emissions, which may indicate a focus on direct and indirect emissions from its operations and energy use. As a leading player in the solar energy sector, Daqo's emissions data reflects the broader industry context, where companies are increasingly scrutinised for their carbon footprints and climate strategies. However, without specific reduction targets or commitments, the company's long-term climate strategy remains unclear.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 124,250 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 3,815,203,730 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - |
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Daqo New Energy'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.
Daqo New Energy 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.
