Weichai Power Sustainability Profile
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 29 is higher than 56% 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 2024, Weichai Power reported total carbon emissions of approximately 95,006,560,570 kg CO2e, comprising 232,672,730 kg CO2e from Scope 1, 714,577,230 kg CO2e from Scope 2, and significant contributions from Scope 3 emissions, including 75,245,264 kg CO2e from capital goods and 91,639,310,340 kg CO2e from the use of sold products. In 2023, the company’s total emissions were about 756,764,200 kg CO2e, with Scope 1 emissions at 188,094,370 kg CO2e and Scope 2 at 568,669,830 kg CO2e. Weichai Power has not disclosed specific reduction targets or initiatives, nor does it appear to have set Science-Based Targets Initiative (SBTi) targets. The company’s emissions data is not cascaded from any parent organisation, indicating that all reported figures are directly from Weichai Power Co., Ltd. The company has made strides in emissions reporting, with comprehensive disclosures for Scope 1 and 2 emissions in recent years, but lacks detailed data for Scope 3 emissions in 2023 and 2022. Overall, Weichai Power's commitment to transparency in emissions reporting reflects an awareness of its environmental impact, although specific reduction strategies remain unspecified.
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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 Power's Industry?
How Carbon Intensive is Weichai Power's Location?
Weichai Power'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.
Top Scope 3 Categories
Weichai Power'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 Power 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.
