Weichai Power
Weichai Power Co., Ltd., a leading name in the power equipment industry, is headquartered in Weifang, Shandong Province, China. Founded in 1946, the company has established itself as a key player in the manufacturing of engines, transmissions, and power systems, serving various sectors including automotive, marine, and industrial applications. With a strong focus on innovation, Weichai Power is renowned for its advanced diesel engines and hybrid power solutions, which are designed to enhance efficiency and reduce emissions. The company has achieved significant milestones, including strategic partnerships and expansions into international markets, solidifying its position as a global leader. Weichai Power's commitment to quality and sustainability continues to drive its success in the competitive landscape of power generation and automotive industries.
DitchCarbon Score
How does Weichai Power'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
Weichai Power's score of 47 is higher than 96% 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 Power's reported carbon emissions
In 2023, Weichai Power reported total carbon emissions of approximately 756,764,200 kg CO2e, with Scope 1 emissions at about 188,094,370 kg CO2e and Scope 2 emissions at approximately 568,669,830 kg CO2e. Notably, Scope 3 emissions were significant, with categories such as the use of sold products contributing approximately 105,341,304,180 kg CO2e. Weichai Power has set ambitious climate commitments, aiming for net-zero carbon emissions by 2050. This long-term goal aligns with the Science-Based Targets initiative (SBTi) standards, which they formally delivered in July 2023. In the near term, the company targets a reduction of 4.2% in Scope 1 and Scope 2 greenhouse gas emissions by 2030, with an annual reduction of 2.5% compared to 2021 levels. In 2022, Weichai Power's total emissions were approximately 644,591,860 kg CO2e, with Scope 1 at about 178,925,970 kg CO2e and Scope 2 at approximately 465,665,890 kg CO2e. The previous year, 2021, saw total emissions of about 878,611,250 kg CO2e, with Scope 1 emissions at approximately 207,568,520 kg CO2e and Scope 2 at around 671,042,730 kg CO2e. These figures reflect Weichai Power's ongoing commitment to reducing its carbon footprint and addressing climate change through targeted initiatives and long-term sustainability goals.
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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 | - | - | 000,000,000,000 | 00,000,000,000 |
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.
Weichai Power 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.
