Mongolia Energy Sustainability Profile
Mongolia Energy Corporation Limited, commonly referred to as Mongolia Energy, is a prominent player in the energy sector, headquartered in Hong Kong. Established in 2001, the company has made significant strides in the development of coal and renewable energy resources, primarily focusing on the vast energy potential of Mongolia. With operations concentrated in key regions of Mongolia, Mongolia Energy is dedicated to providing high-quality coal products and exploring sustainable energy solutions. The company’s unique approach combines advanced technology with a commitment to environmental stewardship, positioning it as a leader in the industry. Mongolia Energy has achieved notable milestones, including strategic partnerships and successful project implementations, solidifying its market position as a reliable energy provider in the region.
DitchCarbon Score
How does Mongolia 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 Salt and Mineral Mining 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
Mongolia Energy's score of 19 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mongolia Energy's reported carbon emissions
In 2023, Mongolia Energy reported total carbon emissions of approximately 101,069,640 kg CO2e, with Scope 1 emissions accounting for about 99,735,580 kg CO2e and Scope 2 emissions at approximately 1,334,060 kg CO2e. This represents a significant increase from 2022, when total emissions were about 89,279,220 kg CO2e, with Scope 1 emissions at approximately 88,121,600 kg CO2e and Scope 2 emissions at about 1,157,620 kg CO2e. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Notably, there are currently no documented reduction targets or climate pledges from Mongolia Energy, which may limit their commitment to addressing climate change. Mongolia Energy's emissions data is sourced directly from the company, with no cascading from a parent or related organization. The absence of reduction initiatives or targets suggests that the company may need to enhance its climate strategy to align with industry standards and expectations.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 24,257,890 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,159,390 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Mongolia Energy's Industry?
How Carbon Intensive is Mongolia Energy's Location?
Mongolia 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.
Mongolia 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.
