Red Avenue New Materials
Red Avenue New Materials Co., Ltd., commonly referred to as Red Avenue, is a leading player in the advanced materials industry, headquartered in China. Established in 2001, the company has made significant strides in the development and production of high-performance materials, particularly in the fields of polymer and composite solutions. With a strong operational presence across Asia and Europe, Red Avenue focuses on innovative products that cater to various sectors, including automotive, electronics, and construction. Their core offerings, such as specialty polymers and composite materials, are distinguished by their superior quality and sustainability features. Recognised for its commitment to research and development, Red Avenue has achieved notable milestones, positioning itself as a trusted partner in the materials market. The company continues to drive advancements in material science, ensuring it remains at the forefront of industry innovation.
DitchCarbon Score
How does Red Avenue New Materials'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 Chemicals 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
Red Avenue New Materials's score of 5 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Red Avenue New Materials's reported carbon emissions
Red Avenue New Materials Group Co., Ltd., headquartered in China, currently does not report any specific carbon emissions data. However, the company has made significant climate commitments, including a long-term target to achieve net-zero emissions across all scopes by 2050. This commitment was formalised in 2023, aligning with the Science Based Targets initiative (SBTi) framework, which underscores their dedication to addressing climate change. As part of their climate strategy, Red Avenue New Materials is actively working towards reducing their carbon footprint, although specific near-term reduction targets have not been disclosed. The company is classified under the chemicals sector, which is known for its substantial greenhouse gas emissions, making their commitments particularly relevant in the context of industry-wide sustainability efforts. Overall, Red Avenue New Materials is positioned to contribute to global climate goals through its net-zero commitment, reflecting a proactive approach to environmental responsibility in the chemicals industry.
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.
Red Avenue New Materials is committed to some reduction initiatives 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.
