New Hope Group Sustainability Profile
New Hope Group, a leading player in the agribusiness sector, is headquartered in China and operates extensively across Asia and beyond. Founded in 1998, the company has established itself as a prominent force in animal feed production, livestock farming, and food processing, contributing significantly to the global food supply chain. With a commitment to innovation, New Hope Group offers a diverse range of products, including high-quality animal nutrition solutions and premium meat products. Their unique approach combines advanced technology with sustainable practices, setting them apart in a competitive market. Recognised for their substantial market share and commitment to quality, New Hope Group continues to achieve notable milestones, reinforcing their position as a trusted name in the industry.
DitchCarbon Score
How does New Hope Group'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 Business 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
New Hope Group's score of 37 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New Hope Group's reported carbon emissions
In 2023, New Hope Group reported total carbon emissions of approximately 27,406,003,000 kg CO2e across all scopes. This includes 595,100,000 kg CO2e from Scope 1 emissions, 58,456,000 kg CO2e from Scope 2 emissions, and a significant 27,406,003,000 kg CO2e from Scope 3 emissions, which primarily stem from purchased goods and services (26,934,000,000 kg CO2e). The total emissions for Scope 1 and 2 combined were about 653,440,000 kg CO2e. Comparatively, in 2022, the company reported approximately 753,651,000 kg CO2e from Scope 1 and 70,082,000 kg CO2e from Scope 2, leading to a total of about 823,733,000 kg CO2e for these scopes. This indicates a reduction in Scope 1 emissions from 2022 to 2023. New Hope Group has set ambitious climate commitments, aiming for net zero emissions by 2050, as part of the New South Wales Government's broader climate strategy. Additionally, the company is required to reduce its Scope 1 emissions by 4.9% annually until 2030, following recent reforms to the Australian Government's Safeguard Mechanism, which took effect on 1 July 2023. The emissions data reported by New Hope Group is cascaded from its parent company, New Hope Group Co., Ltd., reflecting the company's commitment to transparency and accountability in its climate impact.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 00,000,000,000 |
How Carbon Intensive is New Hope Group's Industry?
How Carbon Intensive is New Hope Group's Location?
New Hope Group's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 98% of Scope 3 emissions.
Top Scope 3 Categories
New Hope Group'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.
New Hope Group 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.
