Shandong Weiqiao Pioneering Group Co.,Ltd Sustainability Profile
Shandong Weiqiao Pioneering Group Co., Ltd., commonly referred to as Weiqiao Group, is a leading enterprise headquartered in Shandong Province, China. Established in 1994, the company has grown to become a significant player in the textile and energy industries, with major operations across various regions in China. Weiqiao Group is renowned for its production of high-quality cotton textiles and energy solutions, including power generation and aluminium manufacturing. The company’s commitment to innovation and sustainability sets it apart in a competitive market, enabling it to achieve notable milestones, such as becoming one of the largest cotton textile manufacturers in the world. With a strong market position and a reputation for excellence, Shandong Weiqiao Pioneering Group continues to drive advancements in its core sectors, contributing to both local and global economies.
DitchCarbon Score
How does Shandong Weiqiao Pioneering Group 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 Textile 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
Shandong Weiqiao Pioneering Group Co.,Ltd's score of 12 is lower than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shandong Weiqiao Pioneering Group Co.,Ltd's reported carbon emissions
In 2023, Shandong Weiqiao Pioneering Group Co., Ltd, headquartered in China, reported an energy consumption intensity of approximately 34.5 tonnes CO2e per tonne, reflecting their ongoing efforts to monitor and manage carbon emissions. This figure indicates a slight increase from 2022, where the energy consumption intensity was about 32.54 tonnes CO2e per tonne. The company has set ambitious climate commitments, aiming to achieve a carbon peak by 2025 and net-zero emissions from its own operations (Scope 1 and 2) by 2055. These targets demonstrate a long-term commitment to reducing their carbon footprint and aligning with global climate goals. Currently, there is no disclosed data on Scope 3 emissions, and the company has not reported specific reduction achievements or interim targets. However, their focus on energy efficiency and emissions reduction is evident in their strategic plans. Shandong Weiqiao Pioneering Group Co., Ltd's climate initiatives are crucial in the context of the global push for sustainability and carbon neutrality, positioning the company as a proactive player in the industry.
How Carbon Intensive is Shandong Weiqiao Pioneering Group Co.,Ltd's Industry?
How Carbon Intensive is Shandong Weiqiao Pioneering Group Co.,Ltd's Location?
Shandong Weiqiao Pioneering Group 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.
Shandong Weiqiao Pioneering Group 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.
