Stovec Industries Limited Sustainability Profile
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 15 is lower than 85% 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 no specific carbon emissions data, as the company has not disclosed any figures for Scope 1, Scope 2, or Scope 3 emissions. However, the company has set ambitious climate commitments aimed at reducing its carbon footprint. Stovec Industries is committed to reducing its Scope 1 emissions to near zero by 2025, with an interim target of a 30% reduction from 2020 levels by 2030. Similarly, the company aims to achieve near-zero Scope 2 emissions by 2025, also targeting a 30% reduction from 2020 levels by 2030. These commitments reflect a proactive approach to climate action, aligning with industry standards for sustainability. As a current subsidiary, Stovec Industries Limited's climate initiatives are part of a broader corporate strategy, although specific emissions data from parent organizations has not been disclosed. The company's focus on significant reductions in both Scope 1 and Scope 2 emissions demonstrates its commitment to addressing climate change and contributing to a more sustainable future.
How Carbon Intensive is Stovec Industries Limited's Industry?
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Stovec Industries Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Stovec Industries Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
