TCP International Holdings Ltd.
TCP International Holdings Ltd., commonly referred to as TCP, is a leading player in the global lighting industry, headquartered in Switzerland (CH). Founded in 1993, the company has established a strong presence in North America, Europe, and Asia, focusing on innovative lighting solutions that enhance energy efficiency and sustainability. TCP is renowned for its extensive range of LED lighting products, including bulbs, fixtures, and smart lighting systems. What sets TCP apart is its commitment to quality and performance, ensuring that each product meets rigorous industry standards. With a reputation for reliability, TCP has achieved significant milestones, including numerous awards for innovation and design excellence. As a market leader, TCP International Holdings Ltd. continues to drive advancements in the lighting sector, positioning itself as a trusted partner for both residential and commercial clients seeking cutting-edge lighting solutions.
DitchCarbon Score
How does TCP International Holdings Ltd.'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 Electrical Machinery Manufacturing 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
TCP International Holdings Ltd.'s score of 38 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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TCP International Holdings Ltd.'s reported carbon emissions
In 2022, TCP International Holdings Ltd. reported total carbon emissions of approximately 602,036,000 kg CO2e globally. This figure includes 2,800,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and about 224,800,000 kg CO2e from Scope 2 emissions, related to the purchase of electricity. Notably, the company also disclosed Scope 3 emissions, which totalled approximately 572,820,000 kg CO2e, covering indirect emissions from the value chain. TCP International has set ambitious climate commitments, aiming to reduce absolute Scope 1 and Scope 2 market-based greenhouse gas emissions by 30% by the end of 2030, with a baseline year of 2020. Additionally, they have established a more aggressive target to achieve a 50% reduction in these emissions by 2030, starting from 2022. Furthermore, the company has committed to a 38% reduction in greenhouse gas emissions across all scopes, using 2021 as the baseline year, in alignment with science-based targets (SBTi). The company has made strides in reducing emissions, achieving a reduction of approximately 3,357.21 tonnes CO2e, or 4.9%, from operations in Thailand by 2022. These initiatives reflect TCP International's commitment to sustainability and its proactive approach to addressing climate change.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 4,975,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 32,517,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | 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.
TCP International Holdings Ltd. 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.
