Mongolia Energy
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 12 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 marks a significant increase in emissions compared to previous years, reflecting the company's growing operations and revenue, which reached about USD 370,104,943. The company has disclosed emissions data for the years 2021 and 2022, with total emissions of approximately 25,417,280 kg CO2e in 2021 and about 89,279,220 kg CO2e in 2022. In 2021, Scope 1 emissions were approximately 24,257,890 kg CO2e, while Scope 2 emissions were around 1,159,390 kg CO2e. In 2022, Scope 1 emissions were about 88,121,600 kg CO2e, and Scope 2 emissions were approximately 1,157,620 kg CO2e. Despite the increase in emissions, Mongolia Energy has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The company has reported on various production emission factors, including electricity and water consumption intensities, but lacks comprehensive data on Scope 3 emissions. Overall, while Mongolia Energy's emissions have risen in recent years, the absence of defined reduction initiatives highlights the need for a more robust climate strategy moving forward.
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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 | - | - | - |
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.
Mongolia Energy is not committed to any 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.
