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 35 is higher than 98% 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 2023, Sitoy Group Holdings reported total carbon emissions of approximately 6,247,000 kg CO2e. This figure includes 600,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 5,497,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, the company recorded 150,000 kg CO2e in Scope 3 emissions, which encompass all other indirect emissions that occur in the value chain. Comparatively, in 2022, Sitoy's total emissions were about 6,785,000 kg CO2e, with Scope 1 emissions at 1,018,000 kg CO2e and Scope 2 emissions at 5,609,000 kg CO2e, alongside 158,000 kg CO2e from Scope 3. This indicates a reduction in total emissions of approximately 538,000 kg CO2e from 2022 to 2023. Despite these reductions, Sitoy Group Holdings has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to disclose its emissions across all three scopes, reflecting a commitment to transparency in its climate impact reporting.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,060,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 000,000 |
| Scope 2 | 4,132,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 164,000 | 000,000 | 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.
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.
