PDD Holdings
PDD Holdings, also known as Pinduoduo, is a prominent player in the global e-commerce landscape, headquartered in the United States. Founded in 2015, the company has rapidly evolved, establishing a significant presence in major operational regions, particularly in Asia and North America. Specialising in innovative online retail solutions, PDD Holdings is renowned for its unique social commerce model, which integrates social interaction with shopping experiences. This approach not only enhances customer engagement but also drives competitive pricing through group purchasing. With a commitment to leveraging technology for a seamless shopping experience, PDD Holdings has achieved remarkable milestones, positioning itself as a leader in the industry. Its focus on user-centric services and cutting-edge technology continues to set it apart in the dynamic e-commerce sector.
DitchCarbon Score
How does PDD 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 Retail Trade 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
PDD Holdings's score of 20 is lower 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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PDD Holdings's reported carbon emissions
In 2023, PDD Holdings reported its carbon emissions data, indicating a focus on sustainability despite the absence of specific absolute emissions figures. The company operates with a revenue of approximately $34.9 billion USD, and its carbon footprint is measured at 0.071 kg CO2e per unit of revenue, which reflects its Scope 1 and 2 emissions. However, there are no disclosed figures for Scope 3 emissions. Currently, PDD Holdings has not set any formal reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of specific reduction initiatives suggests that while the company is aware of its carbon footprint, it may need to enhance its climate commitments to align with industry standards and expectations for corporate sustainability. Overall, PDD Holdings is in a position to improve its climate strategy by establishing clear reduction targets and enhancing transparency regarding its emissions across all scopes.
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.
PDD Holdings 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.
