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 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 7,478,904,620 kg CO2e from Scope 2 emissions. This marks a significant increase in emissions compared to previous years, with 2022 emissions recorded at about 4,935,224,880 kg CO2e, which included 210,670 kg CO2e from Scope 1 and 4,935,014,210 kg CO2e from Scope 2. The company has demonstrated a commitment to transparency in its emissions reporting, disclosing both Scope 1 and Scope 2 emissions data for the years 2020 through 2023. However, there are no specific reduction targets or initiatives outlined in their current climate commitments, indicating a potential area for future development in their sustainability strategy. Daqo's integrated energy intensity has shown a decrease from approximately 15,030 kg CO2e per tonne in 2018 to about 8,480 kg CO2e per tonne in 2023, reflecting improvements in energy efficiency over time. Despite the increase in total emissions, the company is actively monitoring its energy consumption and emissions intensity, which is crucial for aligning with industry standards and addressing climate change challenges.
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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 committed to any reduction initiatives 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.
