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SP New Energy Corporation
SP New Energy Corporation, commonly referred to as SPNEC, is a leading player in the renewable energy sector, headquartered in the Philippines. Established in 2020, the company has rapidly positioned itself at the forefront of solar energy development, focusing on large-scale solar power projects across the region. With a commitment to sustainability, SPNEC offers innovative solar solutions that cater to both commercial and residential markets. Their unique approach combines advanced technology with strategic partnerships, enabling them to deliver efficient and reliable energy solutions. Recognised for its significant contributions to the renewable energy landscape, SPNEC continues to expand its operational footprint, aiming to meet the growing demand for clean energy in the Philippines and beyond. The company’s dedication to environmental stewardship and energy innovation underscores its status as a key player in the industry.
DitchCarbon Score
How does SP New Energy Corporation'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 Electricity Transmission 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
SP New Energy Corporation's score of 15 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SP New Energy Corporation, headquartered in the Philippines, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary within a corporate family structure, inheriting data from its parent organisation, which includes emissions data cascaded from Manila Electric Company at a third cascade level. While there are no documented reduction targets or climate pledges from SP New Energy Corporation, it is important to note that the company is part of a broader industry context where climate commitments are increasingly vital. The absence of specific targets may reflect a transitional phase in their sustainability strategy. As a subsidiary, SP New Energy Corporation may align its initiatives with those of its parent company, Meralco PowerGen Corporation, which operates at a second cascade level. This relationship could influence future climate commitments and emissions reporting. In summary, while SP New Energy Corporation currently lacks specific emissions data and reduction targets, its affiliation with larger corporate entities may provide a framework for future climate action and sustainability initiatives.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 927,435,000 | - | - | 00,000,000,000 |
| Scope 2 | 1,740 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
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.
SP New Energy Corporation 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.
