Tingyi Holding Sustainability Profile
Tingyi Holding Corp., commonly known as Tingyi, is a leading player in the food and beverage industry, headquartered in China (CN). Founded in 1992, the company has established a strong presence across major operational regions, including Asia and beyond. Tingyi is renowned for its diverse range of products, particularly its instant noodles and beverages, which are distinguished by their quality and innovative flavours. With a commitment to excellence, Tingyi has achieved significant milestones, including becoming one of the largest instant noodle manufacturers in China. The company’s flagship brand, Master Kong, has garnered widespread recognition, solidifying its market position. Tingyi's focus on research and development ensures that it remains at the forefront of industry trends, catering to evolving consumer preferences while maintaining a reputation for reliability and taste.
DitchCarbon Score
How does Tingyi Holding'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 Tobacco Products 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
Tingyi Holding's score of 25 is lower 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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Tingyi Holding's reported carbon emissions
In 2023, Tingyi Holding, headquartered in China (CN), reported significant carbon emissions totalling approximately 2,200,000,000 kg CO2e, which includes 148,000,000 kg CO2e from Scope 1 and 2,052,000,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Tingyi Holding has set ambitious near-term climate commitments aimed at reducing its carbon footprint. The company plans to decrease its comprehensive energy consumption by 12% per million RMB of revenue by 2025, using 2017 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions. Additionally, Tingyi has introduced a "no-label" product line to promote low-carbon consumption, which aims to reduce the use of PVC labels and minimise printing pollution. The emissions data is not cascaded from any parent company, and all figures are reported directly by Tingyi Holding. The company is actively working towards its climate goals, reflecting a commitment to sustainability in its operations.
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Tingyi Holding'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.
Tingyi Holding 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.
