Shenzhen Inovance Technology Sustainability Profile
Shenzhen Inovance Technology Co., Ltd., commonly referred to as Inovance, is a leading provider of automation and control solutions headquartered in Shenzhen, China. Established in 2003, the company has rapidly expanded its operational footprint across Asia, Europe, and beyond, solidifying its position in the industrial automation sector. Inovance specialises in a diverse range of products, including programmable logic controllers (PLCs), servo systems, and human-machine interfaces (HMIs). Their innovative technology is designed to enhance efficiency and productivity in manufacturing processes. Notably, Inovance has achieved significant milestones, such as being recognised for its commitment to research and development, which has propelled its market presence. With a strong emphasis on quality and customer satisfaction, Inovance continues to be a trusted partner for businesses seeking advanced automation solutions, making it a prominent player in the global industrial landscape.
DitchCarbon Score
How does Shenzhen Inovance Technology'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 Machinery and Equipment 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
Shenzhen Inovance Technology's score of 20 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shenzhen Inovance Technology's reported carbon emissions
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.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,864,560 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 53,064,870 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000 |
How Carbon Intensive is Shenzhen Inovance Technology's Industry?
How Carbon Intensive is Shenzhen Inovance Technology's Location?
Shenzhen Inovance Technology's Scope 3 Categories Breakdown
The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Downstream Transportation & Distribution" being the primary emissions source at 2% of Scope 3 emissions.
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Shenzhen Inovance Technology'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.
Shenzhen Inovance Technology 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.
