TRIUMPH NEW ENERGY Sustainability Profile
TRIUMPH NEW ENERGY, headquartered in China, is a leading player in the renewable energy sector, specialising in innovative energy solutions. Founded in 2015, the company has rapidly expanded its operations across major regions, focusing on the development and manufacturing of advanced energy storage systems and lithium-ion batteries. With a commitment to sustainability, TRIUMPH NEW ENERGY stands out for its cutting-edge technology and high-performance products that cater to various industries, including electric vehicles and renewable energy integration. The company has achieved significant milestones, positioning itself as a key contributor to the global transition towards clean energy. Recognised for its excellence, TRIUMPH NEW ENERGY continues to drive advancements in energy efficiency and storage, solidifying its reputation in the competitive energy market.
DitchCarbon Score
How does TRIUMPH NEW ENERGY'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 Business Services 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
TRIUMPH NEW ENERGY's score of 24 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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TRIUMPH NEW ENERGY's reported carbon emissions
In 2023, TRIUMPH NEW ENERGY reported significant carbon emissions, with Scope 1 emissions totalling approximately 1,030,374,500 kg CO2e and Scope 2 emissions at about 475,828,180 kg CO2e. This marks an increase in emissions compared to 2022, where Scope 1 emissions were around 611,779,470 kg CO2e and Scope 2 emissions were approximately 243,706,330 kg CO2e. The data indicates a trend of rising emissions over the past three years, with 2021 figures showing Scope 1 emissions of about 631,503,450 kg CO2e and Scope 2 emissions of approximately 220,020,920 kg CO2e. TRIUMPH NEW ENERGY has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for enhanced climate commitments within the organisation. The emissions data is sourced directly from Triumph New Energy Company Limited, with no cascading from a parent or related organisation. Overall, while TRIUMPH NEW ENERGY has made strides in reporting emissions, the lack of reduction initiatives and increasing emissions highlight an area for potential improvement in their climate strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 631,503,450 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 220,020,920 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - |
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TRIUMPH NEW ENERGY'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.
TRIUMPH NEW ENERGY 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.
