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 85% 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 391,285,290 kg CO2e, which includes 114,190,600 kg CO2e from Scope 1 emissions and 277,094,690 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Despite the significant emissions figures, XCMG has not set specific reduction targets or climate pledges, nor does it appear to have cascaded any targets from parent or related organisations. The absence of reduction initiatives indicates a potential area for improvement in their climate strategy. XCMG's emissions intensity is reported at 4.0e-06 kg CO2e per unit of revenue, reflecting their operational efficiency in relation to greenhouse gas emissions. As the company continues to operate in the construction machinery sector, addressing its carbon footprint will be crucial for aligning with global climate commitments and enhancing sustainability practices.
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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.
