Lianhe Chemical Technology Taizhou Co., Ltd., commonly referred to as Lianhe Tech, is a prominent player in the chemical industry, headquartered in Taizhou, China. Established in 2002, the company has rapidly evolved, focusing on the production of fine chemicals, pharmaceutical intermediates, and agrochemicals, catering to both domestic and international markets. With a commitment to innovation and quality, Lianhe Tech offers a diverse range of core products, including specialty chemicals that stand out for their purity and performance. The company has achieved significant milestones, including expanding its operational footprint across various regions in Asia and establishing a strong market presence. Recognised for its dedication to sustainable practices and customer-centric solutions, Lianhe Tech continues to solidify its position as a leader in the chemical sector, contributing to advancements in multiple industries.
How does Lianhe Chemical Technology Taizhou Coltd'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.
Mean score of companies in the Chemicals 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.
Lianhe Chemical Technology Taizhou Coltd's score of 28 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lianhe Chemical Technology (Taizhou) Co., Ltd., headquartered in China, has made significant commitments towards reducing its carbon emissions. Although specific emissions data for the most recent year is not available, the company has set ambitious targets as part of its climate strategy. The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050. In the near term, Lianhe Chemical Technology (Taizhou) has committed to reducing its absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2022 as the baseline year. Additionally, it plans to reduce Scope 3 emissions by approximately 51.6% per million RMB value added within the same timeframe. For the long term, Lianhe Chemical Technology (Taizhou) targets a substantial reduction of 90% in absolute Scope 1, Scope 2, and Scope 3 emissions by 2050, again referencing the 2022 baseline. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to global efforts to limit temperature rise to 1.5°C. Overall, Lianhe Chemical Technology (Taizhou) is actively working towards a sustainable future through its comprehensive emissions reduction strategy, demonstrating a strong commitment to environmental responsibility in the chemicals sector.
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.
Lianhe Chemical Technology Taizhou Coltd is committed to some 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.