Hengtong Submarine Power Cable Sustainability Profile
Hengtong Group, commonly known as Hengtong, is a leading player in the global submarine power cable industry, headquartered in China (CN). Established in 1993, the company has made significant strides in the energy sector, focusing on the research, development, and manufacturing of high-quality submarine cables and related products. With a strong presence in major operational regions across Asia, Europe, and beyond, Hengtong has positioned itself as a key supplier for offshore wind farms and interconnection projects. The company’s core offerings include advanced submarine power cables, which are distinguished by their innovative design and superior performance. Hengtong's commitment to quality and sustainability has earned it a notable reputation, making it a preferred choice for clients seeking reliable and efficient energy solutions.
DitchCarbon Score
How does Hengtong Submarine Power Cable'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
Hengtong Submarine Power Cable's score of 30 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hengtong Submarine Power Cable's reported carbon emissions
In 2023, Hengtong Submarine Power Cable reported total carbon emissions of approximately 78,607,870 kg CO2e for Scope 1 and about 307,216,080 kg CO2e for Scope 2, resulting in a combined total of around 385,822,960 kg CO2e. This data reflects a slight decrease from 2022, where emissions were approximately 80,297,400 kg CO2e for Scope 1 and about 258,891,740 kg CO2e for Scope 2, leading to a total of around 339,189,140 kg CO2e. Hengtong has set ambitious reduction targets, aiming for a 50% reduction in carbon dioxide emissions per RMB 10,000 output value by 2028 compared to 2020 levels, specifically for Scope 2 emissions. Additionally, the company is striving for a 40% reduction in comprehensive energy consumption per RMB 10,000 output value by 2028, targeting Scope 1 emissions. These initiatives demonstrate Hengtong's commitment to enhancing energy efficiency and reducing its carbon footprint in line with industry standards. The emissions data is sourced directly from Hengtong Group Co., Ltd, with no cascaded data from parent or related organizations.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 80,297,400 | 00,000,000 |
| Scope 2 | 258,891,740 | 000,000,000 |
| Scope 3 | - | - |
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Hengtong Submarine Power Cable'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.
Hengtong Submarine Power Cable 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.
