Xp Power

XP Power, headquartered in Singapore and operating in the Electrical machinery and apparatus n.e.c. industry, has reported its carbon emissions and set ambitious climate commitments.

In 2024, the company's total reported emissions were 361,231,000 kg CO2e. This included Scope 1 emissions of 585,000 kg CO2e, Scope 2 emissions (location-based) of 5,174,000 kg CO2e, and Scope 3 emissions of 360,635,000 kg CO2e. Key categories within Scope 3 included use of sold products (290,817,000 kg CO2e), purchased goods and services (63,145,000 kg CO2e), and employee commute (2,764,000 kg CO2e).

Looking back, XP Power's total reported emissions were approximately 581,546,000 kg CO2e in 2023, and approximately 681,789,400 kg CO2e in 2022.

XP Power has set several significant reduction targets. The company commits to reaching net-zero greenhouse gas emissions across its value chain by 2040. For near-term targets, XP Power aims to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year. Additionally, they commit to reducing absolute Scope 3 GHG emissions by 25% within the same timeframe. These targets have been validated by the Science Based Targets initiative (SBTi). For long-term goals, XP Power aims for a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2040 from a 2022 base year, and a 90% reduction in absolute Scope 3 GHG emissions within the same period. The company also intends to achieve carbon neutrality by 2050.