Primax Electronics

Primax Electronics's reported carbon emissions

**Primax Electronics Climate Commitments and Emissions Overview** Primax Electronics, a company operating in the Electrical machinery and apparatus n.e.c. (31) industry with its headquarters in Taiwan, is committed to addressing climate change through significant reduction targets and a net-zero ambition. **Carbon Emissions Data:** * **2024:** The company reported a total of approximately 2.14 billion kg CO2e. This figure is comprised of: * Scope 1 emissions: approximately 6.9 million kg CO2e. * Scope 2 emissions (market-based): approximately 17.4 million kg CO2e. * Scope 3 emissions: approximately 2.12 billion kg CO2e, with the largest contributors being the use of sold products (about 1.19 billion kg CO2e) and purchased goods and services (approximately 912.3 million kg CO2e). * **2023:** Total emissions for 2023 were approximately 1.97 billion kg CO2e. * Scope 1 emissions: approximately 5.0 million kg CO2e. * Scope 2 emissions (market-based): approximately 28.5 million kg CO2e. * Scope 3 emissions: approximately 1.97 billion kg CO2e, with purchased goods and services (approximately 946.2 million kg CO2e) and the use of sold products (approximately 1.02 billion kg CO2e) being the most significant categories. * **2022:** Scope 1 and Scope 2 emissions totalled approximately 42.4 million kg CO2e (market-based). Scope 3 emissions data was not disclosed for this year. * **2021 & 2020:** In 2021, Scope 1 and Scope 2 emissions amounted to approximately 70.2 million kg CO2e (market-based). For 2020, the reported Scope 1 and Scope 2 emissions were approximately 76.6 million kg CO2e (market-based). Scope 3 data was not available for these years. * **Earlier Years (2017-2019):** Emissions data for earlier years showed Scope 1 and Scope 2 totals in the range of approximately 70 million to 91.8 million kg CO2e, with Scope 3 data not consistently disclosed. **Climate Commitments and Reduction Targets:** Primax Electronics has established a clear roadmap for climate action: * **Net-Zero by 2050:** The company is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. * **Near-Term Targets (by 2030):** * A reduction of 42% in absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions from a 2023 base year. * A reduction of 25% in absolute Scope 3 GHG emissions from a 2021 base year. * **Long-Term Targets (by 2050):** * A reduction of 90% in absolute Scope 1, 2, and 3 GHG emissions from a 2023 base year. These targets align with the 1.5°C pathway, demonstrating a commitment to significant emissions reductions in line with global climate goals.