Shenzhen Inovance Technology

In 2023, Shenzhen Inovance Technology reported total carbon emissions of approximately 1,006,842,550 kg CO2e. This figure includes 1,807,900 kg CO2e from Scope 1 emissions, 121,345,340 kg CO2e from Scope 2 emissions, and a significant 883,727,500 kg CO2e from Scope 3 emissions, which encompasses downstream transportation and distribution emissions of about 20,797,410 kg CO2e.

Comparatively, in 2022, the company’s total emissions were approximately 81,410,280 kg CO2e, with Scope 1 emissions at 1,601,900 kg CO2e and Scope 2 emissions at 79,808,380 kg CO2e. This indicates a substantial increase in emissions from 2022 to 2023.

Shenzhen Inovance Technology has not disclosed any specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent organization. The company has not committed to any industry-standard climate pledges or initiatives such as the Science Based Targets initiative (SBTi).

Overall, while the company has made strides in reporting its emissions across all scopes, it currently lacks defined reduction strategies or commitments to mitigate its carbon footprint.