Yip's Chemical Holdings Limited Sustainability Profile
Yip's Chemical Holdings Limited, commonly referred to as Yip's Chemical, is a prominent player in the chemical manufacturing industry, headquartered in Hong Kong (HK). Established in 1985, the company has expanded its operations across Asia, focusing on the production of high-quality chemical products, including coatings, adhesives, and specialty chemicals. Yip's Chemical is renowned for its commitment to innovation and sustainability, offering unique formulations that cater to diverse industrial needs. With a strong market position, the company has achieved significant milestones, including strategic partnerships and expansions that enhance its competitive edge. As a leader in the chemical sector, Yip's Chemical Holdings Limited continues to set benchmarks in quality and service, solidifying its reputation as a trusted supplier in the global market.
DitchCarbon Score
How does Yip's Chemical Holdings Limited'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 Chemicals 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
Yip's Chemical Holdings Limited's score of 4 is lower than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Yip's Chemical Holdings Limited's reported carbon emissions
In 2023, Yip's Chemical Holdings Limited, headquartered in Hong Kong (HK), reported a greenhouse gas intensity of approximately 138.0 tonnes CO2e per unit of production for Scope 1 and 2 emissions. This marks a reduction from 161.0 tonnes CO2e in 2022, indicating a positive trend in their emissions management efforts. The company has disclosed emissions data for Scope 1 and 2, with significant figures from previous years: in 2020, Yip's reported 2,281,000 kg CO2e for Scope 1 and 286,559,000 kg CO2e for Scope 2 emissions. In 2019, the figures were 1,620,000 kg CO2e for Scope 1 and 241,653,000 kg CO2e for Scope 2. This data illustrates a commitment to monitoring and potentially reducing their carbon footprint over time. However, Yip's Chemical Holdings Limited has not set specific reduction targets or initiatives, nor do they participate in the Science Based Targets initiative (SBTi). The absence of formal climate pledges or reduction targets suggests that while the company is tracking emissions, it may not yet have a comprehensive strategy in place for significant long-term reductions. Overall, Yip's Chemical Holdings Limited is making strides in emissions reporting, but further commitments and initiatives would enhance their climate action profile.
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| 2019 | 2020 | |
|---|---|---|
| Scope 1 | 1,620,000 | 0,000,000 |
| Scope 2 | 241,653,000 | 000,000,000 |
| Scope 3 | - | - |
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Yip's Chemical Holdings Limited'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.
Yip's Chemical Holdings Limited 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.
