Shanghai Electric
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 30 is higher than 86% 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 2023, Shanghai Electric reported total carbon emissions of approximately 330,073,140 kg CO2e, with Scope 1 emissions at about 80,450,610 kg CO2e and Scope 2 emissions at around 249,622,530 kg CO2e. The company has consistently disclosed its emissions data, including Scope 1 and Scope 2 figures, but has not provided specific targets for emissions reduction or climate pledges. In 2022, the total emissions were approximately 336,517,950 kg CO2e, with Scope 1 emissions of about 86,106,170 kg CO2e and Scope 2 emissions of approximately 250,411,780 kg CO2e. The trend indicates a commitment to transparency in emissions reporting, although specific reduction initiatives or targets have not been outlined. Shanghai Electric's emissions intensity has shown variability over the years, with a reported intensity of about 0.0204 kg CO2e per unit of revenue in 2023. The company has not disclosed any specific reduction targets or commitments to the Science Based Targets initiative (SBTi), which suggests a potential area for improvement in aligning with global climate goals. Overall, while Shanghai Electric provides detailed emissions data, the absence of defined reduction targets or climate pledges highlights a gap in their climate strategy that could be addressed to enhance their sustainability profile.
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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 | - | 000,000,000 | 000,000,000 | 000,000,000 | - | - |
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.
Shanghai Electric is not participating in any of the initiatives that 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.
