King Stone Energy Sustainability Profile
King Stone Energy, headquartered in Hong Kong, is a prominent player in the energy sector, specialising in renewable energy solutions and sustainable resource management. Founded in 2005, the company has established a strong presence in Asia-Pacific, focusing on innovative technologies that enhance energy efficiency and reduce environmental impact. With a diverse portfolio that includes solar energy systems, wind power solutions, and energy storage technologies, King Stone Energy stands out for its commitment to quality and sustainability. The company has achieved significant milestones, including partnerships with leading organisations and recognition for its contributions to green energy initiatives. As a leader in the renewable energy industry, King Stone Energy continues to drive advancements in clean technology, positioning itself as a key contributor to the global transition towards sustainable energy sources.
DitchCarbon Score
How does King Stone 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 Financial Intermediation 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
King Stone Energy's score of 25 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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King Stone Energy's reported carbon emissions
In 2023, King Stone Energy, headquartered in Hong Kong, reported total carbon emissions of approximately 1,221,140 kg CO2e. This figure comprises 727,810 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 493,330 kg CO2e from Scope 2 emissions. The company has shown a significant reduction in emissions compared to previous years, with total emissions of approximately 731,020 kg CO2e in 2022 and approximately 6,783,940 kg CO2e in 2021. Despite these reductions, King Stone Energy has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from a parent organisation, indicating that it operates independently in its emissions reporting. Overall, while King Stone Energy has made strides in reducing its carbon footprint, the lack of formal climate commitments suggests an opportunity for further engagement in sustainability initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 976,580 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 6,363,694 | 0,000,000 | 0,000 | 000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is King Stone Energy's Industry?
How Carbon Intensive is King Stone Energy's Location?
King Stone Energy'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.
King Stone Energy 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.
