SHINFOX ENERGY

SHINFOX ENERGY: Carbon Emissions and Climate Commitments (TW)

Shinfox Energy, a company operating in the Electricity nec industry with headquarters in Taiwan (TW), has established ambitious climate targets aligned with the Science Based Targets initiative (SBTi). While specific detailed emissions data across all scopes is limited for recent years, the available information highlights their commitment to significant reductions.

Emissions Overview:

• 2023: Shinfox Energy reported a total of approximately 1,528,002.5 kg CO2e. The specific breakdown of Scope 1, 2, and 3 emissions for this year is not fully disclosed.
• 2022: The company reported approximately 286,600.0 kg CO2e in total emissions, with Scope 2 emissions accounting for about 182,400.0 kg CO2e. Scope 1 and Scope 3 data were not disclosed for this period.
• 2021: Shinfox Energy disclosed Scope 2 emissions of approximately 175,400.0 kg CO2e. Scope 1 and Scope 3 data were not available.
• 2020: No specific emissions data was disclosed for 2020.

Climate Commitments and Reduction Targets:

Shinfox Energy has set forth comprehensive targets through the SBTi:

• Net-Zero Ambition: The company commits to achieving net-zero greenhouse gas emissions across its entire value chain by 2040.
• Long-Term Reductions (by 2040 from a 2024 base year):
  • A 90.0% reduction in absolute Scope 1 GHG emissions.
  • A 90.0% reduction in absolute Scope 2 GHG emissions.
  • A 90.0% reduction in absolute Scope 3 GHG emissions from purchased goods and services, capital goods, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, downstream transportation and distribution, downstream leased assets, and investments.
  • A 90.0% reduction in absolute Scope 3 GHG emissions from the use of sold products covering distributed fossil fuels.
  • A 90.0% intensity reduction in Scope 1 and 3 GHG emissions from all sold electricity per MWh.
• Near-Term Reductions (by 2035 from a 2024 base year):
  • A 63.0% reduction in absolute Scope 1 GHG emissions.
  • A 63.0% reduction in absolute Scope 2 GHG emissions.
  • A 63.0% reduction in absolute Scope 3 GHG emissions from the use of sold products covering distributed fossil fuels.
  • A 37.5% reduction in absolute Scope 3 GHG emissions from capital goods.
  • A 75.3% intensity reduction in Scope 1 and 3 GHG emissions from all sold electricity per MWh.

These targets indicate a strong commitment by Shinfox Energy to decarbonise its operations and value chain, aligning with global efforts to mitigate climate change. The company's industry context in electricity generation necessitates a focus on energy efficiency and the transition to lower-carbon sources.