TCP International Holdings Ltd. Sustainability Profile
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 58% 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 602.0 million kg CO2e. This figure includes Scope 1 emissions of about 3.9 million kg CO2e, Scope 2 emissions of approximately 25.3 million kg CO2e, and significant Scope 3 emissions totalling around 572.8 million kg CO2e. The company 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 further target of a 50% reduction also by 2030. These targets reflect a commitment to align with science-based targets, particularly focusing on emissions reductions from their global operations. In previous years, TCP International Holdings Ltd. reported total emissions of approximately 786.7 million kg CO2e in 2021 and about 897.1 million kg CO2e in 2020, indicating a downward trend in emissions over the years. The company is actively working towards achieving its reduction goals, with a focus on improving operational efficiency and sustainability practices across its business units.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 4,975,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 32,517,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000,000 |
How Carbon Intensive is TCP International Holdings Ltd.'s Industry?
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TCP International Holdings Ltd.'s Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 74% of Scope 3 emissions.
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TCP International Holdings Ltd.'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.
TCP International Holdings Ltd. 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.
