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 31 is higher than 87% 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 65,344,000 kg CO2e, comprising 5,951,000 kg CO2e from Scope 1 and 58,456,000 kg CO2e from Scope 2. Notably, the company also disclosed significant Scope 3 emissions, amounting to about 27,406,003,000 kg CO2e. Over the years, New Hope Group's emissions have fluctuated. In 2022, the total emissions were approximately 82,373,300 kg CO2e, with Scope 1 emissions at 7,536,510 kg CO2e and Scope 2 at 70,082,000 kg CO2e. The company has not set specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for improvement in its sustainability strategy. The emissions data from previous years shows a peak in 2019 with total emissions reaching about 689,711,000 kg CO2e, primarily from Scope 1 and 2. The company has disclosed emissions data for Scopes 1 and 2 consistently, but there is no information available regarding Scope 3 emissions reduction targets or initiatives. Overall, while New Hope Group has made strides in reporting its emissions, the absence of defined reduction targets suggests a need for enhanced climate action and commitment to sustainability practices.
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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 | 000,000,000 | 000,000,000 |
| Scope 2 | 160,800,000 | 000,000,000 | 000,000,000 | 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.
