XCMG Sustainability Profile
XCMG, officially known as Xuzhou Construction Machinery Group Co., Ltd., is a leading player in the global construction machinery industry, headquartered in Xuzhou, Jiangsu Province, China. Founded in 1943, XCMG has established itself as a pioneer in the manufacturing of heavy equipment, with a diverse portfolio that includes excavators, cranes, and road machinery. With a strong presence in Asia, Europe, and the Americas, XCMG is renowned for its innovative technology and high-quality products, which are designed to meet the evolving needs of the construction sector. The company has achieved significant milestones, including being ranked among the top construction machinery manufacturers worldwide. XCMG's commitment to research and development ensures that its products stand out for their reliability and efficiency, solidifying its position as a trusted name in the industry.
DitchCarbon Score
How does XCMG'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 Metal Fabrication 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
XCMG's score of 15 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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XCMG's reported carbon emissions
In 2023, XCMG Construction Machinery Co., Ltd., headquartered in China (CN), reported total carbon emissions of approximately 391.3 million kg CO2e. This figure comprises 114.2 million kg CO2e from Scope 1 emissions and 277.1 million kg CO2e from Scope 2 emissions. Notably, there is no reported data for Scope 3 emissions. Despite the significant emissions, XCMG has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for further development in their sustainability practices. As of now, XCMG's emissions data is not cascaded from any parent or related organization, indicating that these figures are independently reported. Overall, while XCMG's emissions are substantial, the lack of clear reduction commitments highlights an opportunity for the company to enhance its climate strategy and align with industry standards for sustainability.
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| 2023 | |
|---|---|
| Scope 1 | 114,190,600 |
| Scope 2 | 277,094,690 |
| Scope 3 | - |
How Carbon Intensive is XCMG's Industry?
How Carbon Intensive is XCMG's Location?
XCMG'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.
XCMG 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.
