Luyuan Group Holding (Cayman) Limited
Luyuan Group Holding (Cayman) Limited, commonly referred to as Luyuan, is a prominent player in the electric vehicle industry, headquartered in China (CN). Founded in 2002, the company has established itself as a leader in the design and manufacturing of electric scooters and bikes, catering to the growing demand for sustainable transportation solutions. With a strong operational presence across various regions in Asia and beyond, Luyuan is renowned for its innovative approach to electric mobility. The company’s core products, including high-performance electric scooters and e-bikes, are distinguished by their advanced technology and eco-friendly features. Luyuan's commitment to quality and sustainability has positioned it as a key competitor in the global market, achieving significant milestones in production and sales over the years.
DitchCarbon Score
How does Luyuan Group Holding (Cayman) Limited'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 Motor Vehicle Retail Services 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
Luyuan Group Holding (Cayman) Limited's score of 25 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Luyuan Group Holding (Cayman) Limited's reported carbon emissions
In 2023, Luyuan Group Holding (Cayman) Limited reported total carbon emissions of approximately 18,079,900 kg CO2e. This figure includes Scope 1 emissions of about 3,894,100 kg CO2e, Scope 2 emissions of approximately 14,081,100 kg CO2e, and Scope 3 emissions of around 104,800 kg CO2e. Despite the significant emissions, there are currently no publicly disclosed reduction targets or climate pledges from the company. This absence of specific commitments may reflect a broader industry context where many companies are still developing their climate strategies. Luyuan Group's emissions intensity is approximately 3.6 kg CO2e per million RMB in revenue, indicating a need for enhanced sustainability measures. As the company continues to operate within the global market, addressing its carbon footprint will be crucial for aligning with emerging environmental standards and stakeholder expectations.
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| 2023 | |
|---|---|
| Scope 1 | 3,894,100 |
| Scope 2 | 14,081,100 |
| Scope 3 | 104,800 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Luyuan Group Holding (Cayman) Limited is not participating in any of the initiatives that 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.
