Luyuan Group Holding (Cayman) Limited Sustainability Profile
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 17 is lower 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 emissions data indicating a total emission factor of approximately 3.6 kg CO2e per million RMB revenue. However, specific absolute emissions figures for Scope 1, 2, and 3 are not disclosed, as the company has not provided data for these scopes. Currently, Luyuan Group does not have any publicly stated reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of specific climate initiatives suggests that the company may be in the early stages of developing a comprehensive climate strategy. As a company headquartered in China, Luyuan Group operates within an industry context that increasingly prioritises sustainability and carbon reduction. However, without concrete emissions data or reduction commitments, it remains unclear how Luyuan Group plans to align with global climate goals.
How Carbon Intensive is Luyuan Group Holding (Cayman) Limited's Industry?
How Carbon Intensive is Luyuan Group Holding (Cayman) Limited's Location?
Luyuan Group Holding (Cayman) Limited'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.
Luyuan Group Holding (Cayman) Limited 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.
