Stovec Industries Limited
Stovec Industries Limited, headquartered in India, is a prominent player in the textile and printing industry, specialising in innovative solutions for digital textile printing. Founded in 1986, the company has established itself as a leader in the market, particularly in regions such as Asia and Europe. Stovec offers a diverse range of products, including high-quality digital printers, inks, and software solutions, all designed to enhance efficiency and creativity in textile production. Their commitment to cutting-edge technology and sustainability sets them apart from competitors. With a strong market position, Stovec Industries has achieved significant milestones, including numerous awards for innovation and excellence in service. The company continues to drive advancements in the textile sector, making it a trusted name for businesses seeking reliable and innovative printing solutions.
DitchCarbon Score
How does Stovec Industries Limited'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 Machinery and Equipment 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
Stovec Industries Limited's score of 17 is lower than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Stovec Industries Limited's reported carbon emissions
In 2022, Stovec Industries Limited reported total carbon emissions of approximately 584,000,000 kg CO2e for Scope 1 and about 6,451,000,000 kg CO2e for Scope 2. This marked a reduction from 2021, where emissions were approximately 793,000,000 kg CO2e for Scope 1 and about 9,465,000,000 kg CO2e for Scope 2. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, Stovec Industries is committed to a 30% reduction in both Scope 1 and Scope 2 emissions from 2020 levels by 2030. These initiatives reflect the company's dedication to addressing climate change and reducing its carbon footprint in the textile industry.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 793,000,000 | 000,000,000 |
| Scope 2 | 9,465,000,000 | 0,000,000,000 |
| 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.
Stovec Industries Limited 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.
