New Hope Group
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 92% 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, with significant contributions from Scope 1 and Scope 2 emissions, which totalled about 595,100,000 kg CO2e and 58,456,000 kg CO2e, respectively. The combined Scope 1 and 2 emissions amounted to approximately 653,440,000 kg CO2e. Notably, the majority of their emissions stem from Scope 3, indicating a substantial impact from their value chain activities. The company has set ambitious climate commitments, aligning with the New South Wales Government's goal of achieving net zero emissions by 2050. In the near term, New Hope Group is required to reduce its Scope 1 emissions by 4.9% annually until 2030, as mandated by recent reforms to the Australian Government's Safeguard Mechanism, which took effect on 1 July 2023. Over the past few years, New Hope Group has demonstrated a commitment to reducing its carbon footprint, with emissions in 2022 recorded at approximately 753,651,000 kg CO2e for Scope 1 and 70,082,000 kg CO2e for Scope 2, reflecting a proactive approach to sustainability. The company continues to focus on enhancing its environmental performance and meeting regulatory requirements while striving for long-term climate goals.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 160,800,000 | 000,000,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 160,800,000 | 000,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 00,000,000,000 |
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.
New Hope Group is not participating in any of the initiatives that 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.
