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 16 is lower than 81% 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 101.1 million kg CO2e. This figure comprises about 99.7 million kg CO2e from Scope 1 emissions and approximately 1.3 million kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Mongolia Energy's emissions have shown a significant increase from previous years, with total emissions recorded at approximately 89.3 million kg CO2e in 2022 and about 25.4 million kg CO2e in 2021. The company has not set any specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The organisation, headquartered in Hong Kong, has not cascaded emissions data from any parent company, and all reported figures are derived directly from Mongolia Energy Corporation Limited. As of now, the company has not made any public climate pledges or commitments to reduce its carbon footprint.
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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.
