Quectel Wireless Solutions Co., Ltd. Sustainability Profile
Quectel Wireless Solutions Co., Ltd., a leading provider of IoT modules, is headquartered in China (CN) and operates extensively across Asia, Europe, and North America. Founded in 2010, Quectel has rapidly established itself in the wireless communication industry, focusing on cellular, GNSS, and Wi-Fi solutions that cater to a diverse range of applications, including smart cities, automotive, and industrial automation. The company’s core offerings include a wide array of LTE, NB-IoT, and 5G modules, distinguished by their high performance and reliability. Quectel's commitment to innovation has led to significant milestones, such as the launch of its first 5G module, positioning it as a key player in the global IoT market. With a strong emphasis on quality and customer satisfaction, Quectel continues to drive advancements in wireless technology, solidifying its reputation as a trusted partner for businesses seeking robust connectivity solutions.
DitchCarbon Score
How does Quectel Wireless Solutions Co., Ltd.'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 Electrical Machinery Manufacturing 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
Quectel Wireless Solutions Co., Ltd.'s score of 38 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Quectel Wireless Solutions Co., Ltd.'s reported carbon emissions
In 2023, Quectel Wireless Solutions Co., Ltd. reported total carbon emissions of approximately 487,113.5 kg CO2e for Scope 1, 170,247,165.6 kg CO2e for Scope 2, and 264,271,779.0 kg CO2e for Scope 3 emissions. This data highlights the company's significant carbon footprint, particularly in Scope 2 emissions, which are primarily associated with energy consumption. Quectel has set ambitious long-term reduction targets, committing to a 55% absolute reduction in Scope 1 and Scope 2 emissions, and a 62% reduction in Scope 3 emissions per NT$ million gross profit by 2033, using 2022 as the base year. These targets reflect the company's proactive approach to mitigating its environmental impact and aligning with industry standards for climate action. The emissions data is not cascaded from any parent organization, indicating that Quectel is independently reporting its carbon footprint and climate commitments. The company is actively working towards these reduction goals, demonstrating a commitment to sustainability and responsible corporate practices in the wireless solutions sector.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 7,749,000 | 0,000,000.0 |
| Scope 2 | 232,553,000 | 000,000,000.0 |
| Scope 3 | - | 000,000,000 |
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Quectel Wireless Solutions Co., Ltd.'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.
Quectel Wireless Solutions Co., Ltd. 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.
