Shanghai Electric Sustainability Profile
Shanghai Electric Group Company Limited, commonly known as Shanghai Electric, is a leading player in the global energy and equipment manufacturing industry. Headquartered in Shanghai, China, the company has established a significant presence across various operational regions, including Asia, Europe, and the Middle East. Founded in 1902, Shanghai Electric has achieved numerous milestones, positioning itself as a pioneer in the development of power generation and industrial equipment. The company specialises in a diverse range of core products and services, including power generation equipment, renewable energy solutions, and industrial automation systems. Shanghai Electric is renowned for its innovative technologies and commitment to sustainability, making it a preferred choice in the energy sector. With a strong market position, the company has garnered notable achievements, including significant contributions to large-scale energy projects worldwide, solidifying its reputation as a trusted leader in the industry.
DitchCarbon Score
How does Shanghai Electric'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
Shanghai Electric's score of 27 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shanghai Electric's reported carbon emissions
In 2024, Shanghai Electric reported total carbon emissions of approximately 86,106,170 kg CO2e for Scope 1 and about 250,411,780 kg CO2e for Scope 2, resulting in a combined total of around 336,517,950 kg CO2e. This marks a slight increase from 2023, where emissions were approximately 80,450,610 kg CO2e for Scope 1 and 249,622,530 kg CO2e for Scope 2, totalling about 330,073,140 kg CO2e. Over the past few years, the company has seen fluctuations in its emissions, with 2022 reporting approximately 99,639,350 kg CO2e for Scope 1 and about 129,778,280 kg CO2e for Scope 2, leading to a total of around 229,417,630 kg CO2e. In 2021, emissions were significantly higher, with Scope 1 at approximately 137,200,000 kg CO2e and Scope 2 at about 154,430,000 kg CO2e, totalling around 291,630,000 kg CO2e. Despite these figures, Shanghai Electric has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company does not currently report Scope 3 emissions, which encompass indirect emissions in its value chain. All emissions data is sourced directly from Shanghai Electric Group Co., Ltd., with no cascaded data from parent or related organizations. The company continues to operate within the context of increasing global scrutiny on carbon emissions and the need for robust climate action in the energy sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 123,481,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 222,735,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is Shanghai Electric's Industry?
How Carbon Intensive is Shanghai Electric's Location?
Shanghai Electric'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.
Shanghai Electric 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.
