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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 63% 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, headquartered in China (CN), reported total carbon emissions of approximately 28,000,000,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 595,100,000 kg CO2e, while Scope 2 emissions totalled approximately 58,456,000 kg CO2e. The majority of emissions stemmed from Scope 3, amounting to around 27,406,003,000 kg CO2e. Comparatively, in 2022, the company recorded approximately 753,651,000 kg CO2e in Scope 1 emissions and about 70,082,000 kg CO2e in Scope 2 emissions, indicating a reduction in Scope 1 emissions in 2023. The total emissions for 2022 were not disclosed for Scope 3. 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 environmental goals. 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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| 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 |
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.
