Xinyi Solar Holdings Limited, commonly known as Xinyi Solar, is a leading player in the solar thermal electricity industry, headquartered in China. Founded in 2006, the company has rapidly expanded its operations across major regions, including Asia, Europe, and North America, establishing a strong global presence.
Specialising in the production of high-quality solar glass and photovoltaic products, Xinyi Solar is renowned for its innovative technology and commitment to sustainability. The company’s core offerings include solar panels and glass, which are distinguished by their efficiency and durability, catering to the growing demand for renewable energy solutions.
With a robust market position, Xinyi Solar has achieved significant milestones, including being listed on the Hong Kong Stock Exchange. Its dedication to research and development has solidified its reputation as a pioneer in the solar industry, contributing to a greener future.
+5 vs industry average
Xinyi Solar’s score of 15 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Solar Thermal Electricity is among the most carbon-intensive industries
Industry performance
The Solar Thermal Electricity industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Xinyi Solar's reported carbon emissions
Xinyi Solar, headquartered in China and operating in the electricity by solar thermal industry, reported total emissions of approximately 7.85 billion kg CO2e for the year 2024. This total encompasses Scope 1, Scope 2, and Scope 3 emissions. Breakdown of emissions for 2024: * **Scope 1:** Approximately 5.43 billion kg CO2e * **Scope 2:** Approximately 1.24 billion kg CO2e * **Scope 3:** Approximately 1.18 billion kg CO2e * **Scope 1 and 2 combined:** Approximately 6.67 billion kg CO2e For 2023, Xinyi Solar's reported emissions were: * **Scope 1:** Approximately 4.49 billion kg CO2e * **Scope 2:** Approximately 1.22 billion kg CO2e * **Scope 1 and 2 combined:** Approximately 5.71 billion kg CO2e In 2022, the company reported: * **Scope 1:** Approximately 3.00 billion kg CO2e * **Scope 2:** Approximately 926.80 million kg CO2e * **Scope 1 and 2 combined:** Approximately 3.93 billion kg CO2e For 2021, emissions were: * **Scope 1:** Approximately 2.42 billion kg CO2e * **Scope 2:** Approximately 832.09 million kg CO2e * **Scope 1 and 2 combined:** Approximately 3.25 billion kg CO2e And in 2020: * **Scope 1:** Approximately 1.91 billion kg CO2e * **Scope 2:** Approximately 610.55 million kg CO2e * **Scope 1 and 2 combined:** Approximately 2.52 billion kg CO2e Xinyi Solar has established a greenhouse gas (GHG) emission target for 2025, with a commitment to achieve peak Scope 1 and 2 GHG emissions by 2029. The company's reporting covers its global operations, and its disclosed scopes include 1, 2, and 3. While Scope 3 data was reported for 2024, it was not disclosed for the years 2020 through 2023, with "scope_3/fuel_and_energy_related_activities" being a noted missing data point in those years. The company also provides production emission intensity data, including greenhouse gas emissions intensity per square metre of finished product and per unit of revenue.
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Xinyi Solar’s Climate Goals (2030 & 2050)
1 goal2029
the Group officially established a GHG emission target in 20…
the Group officially established a GHG emission target in 2025 with a commitment to achieve peak Scope 1 and 2 GHG emissions by 2029
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Xinyi Solar
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