Weichai Lovol Heavy Industry Co., Ltd Sustainability Profile
Weichai Lovol Heavy Industry Co., Ltd., commonly referred to as Lovol, is a prominent player in the heavy machinery sector, headquartered in China. Established in 1992, the company has made significant strides in the industry, focusing on the design and manufacture of agricultural machinery, construction equipment, and power generation systems. Lovol's core products include tractors, harvesters, and excavators, distinguished by their innovative technology and robust performance. With a strong presence in both domestic and international markets, Lovol has earned a reputation for quality and reliability, positioning itself as a leader in the heavy industry landscape. The company continues to expand its operational footprint, contributing to advancements in machinery that meet the evolving needs of various sectors.
DitchCarbon Score
How does Weichai Lovol Heavy Industry Co., 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 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
Weichai Lovol Heavy Industry Co., Ltd's score of 15 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Weichai Lovol Heavy Industry Co., Ltd, headquartered in China (CN), currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Weichai Power Co., Ltd., which may influence its climate commitments and performance metrics. As of now, Weichai Lovol Heavy Industry Co., Ltd has not established any documented reduction targets or climate pledges. The lack of specific initiatives or targets suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the absence of direct emissions data, it is essential to consider the broader context of the industry. Companies in the heavy industry sector are increasingly under pressure to reduce their carbon footprints and align with global climate goals. This includes adhering to frameworks such as the Science Based Targets initiative (SBTi) and participating in initiatives like the Carbon Disclosure Project (CDP), from which Weichai Lovol Heavy Industry Co., Ltd inherits performance data through its parent company. In summary, while Weichai Lovol Heavy Industry Co., Ltd has not yet disclosed specific emissions data or reduction targets, its affiliation with Weichai Power Co., Ltd may provide a pathway for future climate commitments and performance improvements.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 207,568,520 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 671,042,730 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000,000 |
How Carbon Intensive is Weichai Lovol Heavy Industry Co., Ltd's Industry?
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Weichai Lovol Heavy Industry Co., 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 "Use of Sold Products" being the largest emissions source at 97% of Scope 3 emissions.
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Weichai Lovol Heavy Industry Co., 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.
Weichai Lovol Heavy Industry Co., 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.
