Plum Ventures Sustainability Profile
Plum Ventures, a prominent player in the technology and investment sector, is headquartered in China (CN) and operates across various major regions. Founded in 2015, the company has rapidly established itself as a leader in venture capital, focusing on innovative startups in the tech industry. With a commitment to fostering growth, Plum Ventures offers unique investment strategies and tailored support services that distinguish it from competitors. The firm has achieved significant milestones, including successful funding rounds for several high-profile tech companies, solidifying its market position. Renowned for its strategic insights and robust portfolio, Plum Ventures continues to drive innovation and economic development, making it a key contributor to the evolving landscape of technology investment in China and beyond.
DitchCarbon Score
How does Plum Ventures'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 Funds, trusts, and financial vehicles 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
Plum Ventures's score of 26 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Plum Ventures's reported carbon emissions
In 2019, Plum Ventures reported significant carbon emissions totalling approximately 6,963,813,000 kg CO2e across all scopes. This included about 6,963,813,000 kg CO2e in Scope 1 emissions, primarily from stationary combustion, 770,163,000 kg CO2e in Scope 2 emissions from purchased electricity, and 5,819,007,000 kg CO2e in Scope 3 emissions, largely from the use of sold products. Plum Ventures has set ambitious climate commitments aimed at achieving net-zero emissions by 2050. The organisation has outlined specific reduction targets, including a transition to 100% renewable electricity by 2026, which is expected to contribute to a 30% reduction in absolute Scope 2 emissions by 2030, based on a baseline of 1,526.68 tCO2e. Additionally, they aim to reduce Scope 3 emissions intensity per employee by 30% by 2030 through initiatives promoting virtual meetings and low-carbon travel alternatives. Notably, Plum Ventures does not have direct emissions from owned or controlled operations (Scope 1), as their activities do not involve greenhouse gas emissions from fuel combustion or industrial processes. This positions them uniquely in their climate strategy, focusing primarily on indirect emissions from electricity use and employee-related activities.
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| 2017 | 2018 | 2019 | |
|---|---|---|---|
| Scope 1 | 7,928,028,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 505,268,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,133,317,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Plum Ventures's Industry?
How Carbon Intensive is Plum Ventures's Location?
Plum Ventures's Scope 3 Categories Breakdown
Plum Ventures's Scope 3 emissions, which increased by 11% last year and increased by approximately 86% since 2017, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 43% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Plum Ventures's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Plum Ventures has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
