Farasis Energy (Gan Zhou) Co., Ltd. Sustainability Profile
Farasis Energy (Gan Zhou) Co., Ltd., headquartered in Gan Zhou, China, is a leading player in the energy storage industry, specialising in advanced lithium-ion battery technology. Founded in 2009, the company has rapidly established itself as a key supplier for electric vehicles and energy storage systems, with significant operations across Asia, Europe, and North America. Farasis Energy is renowned for its innovative battery solutions, which combine high energy density with exceptional safety and longevity. The company’s core products include lithium-ion batteries for automotive applications and large-scale energy storage systems, setting them apart through their commitment to sustainability and performance. With a strong market position, Farasis Energy has achieved notable milestones, including partnerships with major automotive manufacturers, solidifying its reputation as a trusted provider in the rapidly evolving energy landscape.
DitchCarbon Score
How does Farasis Energy (Gan Zhou) 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 Electrical Machinery 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
Farasis Energy (Gan Zhou) Co., Ltd.'s score of 39 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Farasis Energy (Gan Zhou) Co., Ltd.'s reported carbon emissions
In 2023, Farasis Energy (Gan Zhou) Co., Ltd. reported total carbon emissions of approximately 432,828 kg CO2e for Scope 1, 367,329,060 kg CO2e for Scope 2, and 987,510,470 kg CO2e for Scope 3 emissions. This results in a combined total of about 1,787,668,858 kg CO2e when considering all scopes. The company has shown a significant reduction in emissions from previous years, with Scope 1 emissions decreasing from 6,280,480 kg CO2e in 2022 and 28,242,500 kg CO2e in 2021. In 2022, the total emissions were approximately 1,421,335,080 kg CO2e, with Scope 1 at 6,280,480 kg CO2e, Scope 2 at 418,505,900 kg CO2e, and Scope 3 at 874,815,600 kg CO2e. The 2021 figures were even higher, with total emissions reaching about 1,166,622,790 kg CO2e, comprising 28,242,500 kg CO2e for Scope 1, 228,049,670 kg CO2e for Scope 2, and 455,577,620 kg CO2e for Scope 3. Despite these reductions, Farasis Energy has not set specific science-based targets (SBTi) or documented reduction initiatives. The company’s emissions data is not cascaded from a parent organisation, indicating that all reported figures are directly from Farasis Energy (Gan Zhou) Co., Ltd. Overall, while the company has made strides in reducing its emissions, further commitments and structured reduction targets would enhance its climate strategy and align with industry standards.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 28,243,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 228,050,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 |
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Farasis Energy (Gan Zhou) 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.
Farasis Energy (Gan Zhou) 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.
