Shandong Hi Speed New Energy
Shandong Hi Speed New Energy, often referred to as SHS New Energy, is a prominent player in the renewable energy sector, headquartered in Hong Kong. Established in 2009, the company has rapidly expanded its operations across major regions, including Asia and Europe, focusing on sustainable energy solutions. Specialising in the development and production of high-efficiency solar panels and energy storage systems, SHS New Energy stands out for its commitment to innovation and quality. The company has achieved significant milestones, including certifications that underscore its dedication to environmental standards and technological advancement. With a strong market position, Shandong Hi Speed New Energy has garnered recognition for its contributions to the green energy landscape, making it a trusted name among industry stakeholders. Its unique offerings not only enhance energy efficiency but also support global efforts towards a sustainable future.
DitchCarbon Score
How does Shandong Hi Speed New Energy'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 Business 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
Shandong Hi Speed New Energy's score of 8 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Shandong Hi Speed New Energy's reported carbon emissions
In 2023, Shandong Hi Speed New Energy reported total carbon emissions of approximately 760,294,900 kg CO2e. This figure includes Scope 1 emissions of about 367,057,530 kg CO2e, which encompasses direct emissions from owned or controlled sources, and Scope 2 emissions of approximately 393,237,370 kg CO2e, primarily from purchased electricity. Comparatively, in 2022, the company's total emissions were significantly higher at about 1,345,535,240 kg CO2e, with Scope 1 emissions at approximately 787,388,430 kg CO2e and Scope 2 emissions at around 558,146,810 kg CO2e. This indicates a substantial reduction in emissions year-on-year, reflecting a commitment to improving their carbon footprint. Despite these reductions, Shandong Hi Speed New Energy has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal commitments suggests that while the company is making progress in reducing emissions, it may not yet have established a comprehensive framework for long-term climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 787,388,430 | 000,000,000 |
| Scope 2 | 558,146,810 | 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.
Shandong Hi Speed New Energy is not committed to any 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.
