Daqo New Energy
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 15 is lower than 70% 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 2023, Daqo New Energy reported total carbon emissions of approximately 7,479,194,240 kg CO2e, comprising 289,620 kg CO2e from Scope 1 emissions and about 7,478,904,620 kg CO2e from Scope 2 emissions. This marks a significant increase from 2022, where total emissions were approximately 4,935,224,880 kg CO2e, with Scope 1 emissions at 210,670 kg CO2e and Scope 2 emissions at about 4,935,013,210 kg CO2e. The company has consistently disclosed its Scope 1 and Scope 2 emissions data since 2021, with emissions in that year totalling approximately 3,972,169,730 kg CO2e, including 149,330 kg CO2e from Scope 1 and about 3,972,020,400 kg CO2e from Scope 2. In 2020, Daqo's emissions were approximately 3,815,327,980 kg CO2e, with Scope 1 at 124,250 kg CO2e and Scope 2 at about 3,815,203,730 kg CO2e. Despite the substantial emissions figures, Daqo New Energy has not publicly committed to specific reduction targets or initiatives, nor have they engaged with the Science Based Targets initiative (SBTi) for formal reduction targets. The absence of detailed climate pledges suggests a need for further transparency regarding their climate commitments and strategies for emissions reduction.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 124,250 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 3,815,203,730 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - |
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.
Daqo New Energy 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.
