PRECISION ENGINEERING
PRECISION ENGINEERING, also known as PECO, is a leading player in the precision engineering industry, headquartered in Hong Kong (HK). Founded in 1995, the company has established a strong presence in major operational regions across Asia and beyond, specialising in high-precision components and assemblies for various sectors, including aerospace, automotive, and medical devices. With a commitment to innovation, PRECISION ENGINEERING offers a range of core services, including CNC machining, injection moulding, and surface treatment, distinguished by their adherence to stringent quality standards and advanced manufacturing techniques. The company has achieved notable milestones, positioning itself as a trusted partner for clients seeking reliable and precise engineering solutions. Through continuous improvement and a focus on customer satisfaction, PECO has solidified its reputation as a market leader in precision engineering.
DitchCarbon Score
How does PRECISION ENGINEERING'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 Computer 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
PRECISION ENGINEERING's score of 20 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PRECISION ENGINEERING's reported carbon emissions
In 2021, Precision Engineering reported total carbon emissions of approximately 301,181,000 kg CO2e, with Scope 2 emissions accounting for about 291,990,000 kg CO2e. This marks a decrease from 2020, when total emissions were around 236,578,000 kg CO2e, with Scope 2 emissions at approximately 227,889,000 kg CO2e. In 2019, the company recorded total emissions of about 246,291,000 kg CO2e, with Scope 2 emissions of approximately 234,489,000 kg CO2e. Despite these figures, Precision Engineering has not set specific reduction targets or climate pledges, nor does it disclose any initiatives under the Science Based Targets initiative (SBTi). The emissions data is not cascaded from a parent company, indicating that these figures are solely from Precision Engineering Inc. Overall, while the company has shown fluctuations in emissions over the years, it currently lacks formal commitments to reduce its carbon footprint.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 234,489,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - |
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.
PRECISION ENGINEERING 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.
