Espressif Systems (Shanghai) Co., Ltd. Sustainability Profile
Espressif Systems (Shanghai) Co., Ltd., commonly known as Espressif, is a leading provider of semiconductor solutions headquartered in Shanghai, China. Founded in 2008, the company has established itself as a key player in the Internet of Things (IoT) industry, specialising in Wi-Fi and Bluetooth connectivity solutions. Espressif's core products, including the ESP8266 and ESP32 series of microcontrollers, are renowned for their versatility and cost-effectiveness, making them ideal for a wide range of applications from smart home devices to industrial automation. The company has achieved significant milestones, including a strong market position with millions of units shipped globally, underscoring its commitment to innovation and quality in the rapidly evolving tech landscape.
DitchCarbon Score
How does Espressif Systems (Shanghai) Co., Ltd.'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 Communication Equipment Manufacturing 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
Espressif Systems (Shanghai) Co., Ltd.'s score of 30 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Espressif Systems (Shanghai) Co., Ltd.'s reported carbon emissions
In 2023, Espressif Systems (Shanghai) Co., Ltd. reported total carbon emissions of approximately 11,226,750 kg CO2e. This figure includes 2,394,490 kg CO2e from Scope 2 emissions, primarily from purchased electricity, and 9,826,260 kg CO2e from Scope 3 emissions, which encompass business travel and purchased goods and services. The company's Scope 1 emissions data is not available. Comparatively, in 2022, the company recorded total emissions of about 8,153,000 kg CO2e, with 1,504,830 kg CO2e from Scope 2 and 7,412,670 kg CO2e from Scope 3. In 2021, the total emissions were approximately 1,010,140 kg CO2e, with 1,017,240 kg CO2e from Scope 2 and 198,900 kg CO2e from Scope 3. Despite these figures, Espressif Systems has not set specific reduction targets or initiatives, nor have they committed to any climate pledges or SBTi targets. The absence of reduction initiatives indicates a potential area for improvement in their climate strategy. The emissions data reflects the company's operational impact and highlights the need for enhanced sustainability measures in line with industry standards.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 1,017,240 | 0,000,000 | 0,000,000 |
| Scope 3 | 198,900 | 0,000,000 | 0,000,000 |
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Espressif Systems (Shanghai) Co., Ltd.'s Scope 3 Categories Breakdown
Espressif Systems (Shanghai) Co., Ltd.'s Scope 3 emissions, which increased by 33% last year and increased significantly since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Purchased Goods and Services" being the largest emissions source at 96% of Scope 3 emissions.
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Espressif Systems (Shanghai) Co., Ltd.'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.
Espressif Systems (Shanghai) Co., Ltd. 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.
