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Sitoy Group Holdings
Sitoy Group Holdings Limited, headquartered in Hong Kong, is a prominent player in the fashion accessories and leather goods industry. Founded in 1993, the company has established itself as a leading manufacturer and supplier, with significant operations across Asia and Europe. Specialising in high-quality handbags, wallets, and other leather products, Sitoy is renowned for its commitment to craftsmanship and innovation. The company’s unique blend of traditional techniques and modern design has garnered a loyal customer base, positioning it as a trusted partner for global brands. With a strong market presence and notable achievements in sustainability and product development, Sitoy Group Holdings continues to set industry standards, making it a key contributor to the fashion accessories sector.
DitchCarbon Score
How does Sitoy Group Holdings'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 Leather Products 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
Sitoy Group Holdings's score of 18 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sitoy Group Holdings's reported carbon emissions
In 2022, Sitoy Group Holdings, headquartered in Hong Kong (HK), reported total carbon emissions of approximately 6,785,000 kg CO2e. This figure includes 1,018,000 kg CO2e from Scope 1 emissions, 5,609,000 kg CO2e from Scope 2 emissions, and 158,000 kg CO2e from Scope 3 emissions. This represents a significant decrease from 2021, when total emissions were about 8,343,000 kg CO2e, with Scope 1 at 782,000 kg CO2e, Scope 2 at 7,340,000 kg CO2e, and Scope 3 at 221,000 kg CO2e. The company has not disclosed any specific reduction targets or initiatives as part of its climate commitments. There are no SBTi (Science Based Targets initiative) reduction targets or climate pledges reported. The emissions data is not cascaded from any parent organization, indicating that Sitoy Group Holdings Limited independently reports its emissions and performance metrics. Overall, Sitoy Group Holdings demonstrates a commitment to transparency in its emissions reporting, with a clear breakdown of its carbon footprint across different scopes. However, the absence of formal reduction targets suggests an area for potential improvement in their climate strategy.
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| 2019 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 895,000 | 000,000 | 0,000,000 |
| Scope 2 | 9,388,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 280,000 | 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.
Sitoy Group Holdings 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.
