Newocean Energy Holdings
Newocean Energy Holdings, often referred to as Newocean, is a prominent player in the energy sector, headquartered in Hong Kong. Established in 2001, the company has made significant strides in the renewable energy industry, focusing on the development and operation of clean energy solutions across Asia and beyond. Specialising in solar energy, Newocean offers innovative products and services that cater to the growing demand for sustainable energy sources. Their unique approach combines advanced technology with a commitment to environmental stewardship, positioning them as a leader in the market. With a strong emphasis on quality and efficiency, Newocean Energy Holdings has achieved notable milestones, including successful large-scale solar projects that underscore their expertise and reliability. As the global shift towards renewable energy accelerates, Newocean continues to solidify its market position, contributing to a greener future.
DitchCarbon Score
How does Newocean Energy Holdings'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 Electricity from Other Sources 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
Newocean Energy Holdings's score of 0 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Newocean Energy Holdings's reported carbon emissions
In 2023, Newocean Energy Holdings, headquartered in Hong Kong, reported total carbon emissions of approximately 447,420 kg CO2e. This figure includes about 370,570 kg CO2e from Scope 1 emissions and approximately 76,850 kg CO2e from Scope 2 emissions. Notably, there is no reported data for Scope 3 emissions. Over the years, Newocean Energy has demonstrated a trend of decreasing emissions. For instance, in 2020, the company recorded total emissions of about 18,416,900 kg CO2e, which included approximately 17,001,080 kg CO2e from Scope 1 and about 1,415,820 kg CO2e from Scope 2. This represents a significant reduction from previous years, where emissions peaked at approximately 18,860,980 kg CO2e in 2019. Despite these reductions, Newocean Energy has not established specific reduction targets or climate pledges, indicating a potential area for improvement in their climate strategy. The company has not disclosed any initiatives aligned with the Science Based Targets initiative (SBTi) or other formal reduction commitments. Overall, while Newocean Energy Holdings has made strides in reducing its carbon footprint, the absence of formal targets suggests that further action may be necessary to enhance its climate commitments and align with industry standards.
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Add to project| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 8,580,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 2 | 1,264,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000 |
| Scope 3 | 10,000 | 00,000 | - | - | - | - | - |
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.
Newocean Energy Holdings 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.
