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 higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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, 5,497,000 kg CO2e from Scope 2 emissions, and 150,000 kg CO2e from Scope 3 emissions. Over the past five years, the company has demonstrated a significant reduction in emissions, decreasing from about 9,955,000 kg CO2e in 2020 to the current level. This represents a reduction of approximately 3,708,000 kg CO2e, highlighting their commitment to improving environmental performance. In 2022, Sitoy's emissions were about 6,785,000 kg CO2e, with Scope 1 at 1,018,000 kg CO2e, Scope 2 at 5,609,000 kg CO2e, and Scope 3 at 158,000 kg CO2e. The trend shows a consistent decrease in emissions across all scopes, particularly in Scope 2, which is indicative of their efforts to enhance energy efficiency and transition to cleaner energy sources. Despite the positive trajectory in emissions reduction, Sitoy Group Holdings has not publicly disclosed specific reduction targets or commitments under initiatives such as the Science Based Targets initiative (SBTi). The absence of formal climate pledges suggests that while the company is making progress, there may be opportunities for further commitment to structured climate action. Overall, Sitoy Group Holdings is actively working towards reducing its carbon footprint, with a notable decline in emissions over recent years, reflecting a growing awareness of climate impact within the industry.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 committed to any reduction initiatives 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.
