Zhejiang Canaan Technology Limited Sustainability Profile
Zhejiang Canaan Technology Limited, often referred to as Canaan, is a prominent player in the blockchain technology sector, headquartered in China. Established in 2013, the company has rapidly evolved, becoming a leader in the design and manufacturing of high-performance computing solutions, particularly in the cryptocurrency mining industry. With a strong operational presence across Asia and beyond, Canaan is renowned for its innovative ASIC (Application-Specific Integrated Circuit) miners, which are distinguished by their energy efficiency and superior hashing power. The company has achieved significant milestones, including a successful IPO in 2019, solidifying its position in the market. Canaan's commitment to research and development ensures that it remains at the forefront of technological advancements, catering to the growing demand for efficient mining solutions in an ever-evolving digital landscape.
DitchCarbon Score
How does Zhejiang Canaan Technology 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 Machinery and Equipment 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
Zhejiang Canaan Technology Limited's score of 17 is lower than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zhejiang Canaan Technology Limited's reported carbon emissions
Zhejiang Canaan Technology Limited, headquartered in China (CN), currently does not report any specific carbon emissions data, as indicated by the absence of figures in the latest emissions data. Consequently, there are no recorded emissions in terms of Scope 1, 2, or 3 emissions. Additionally, the company has not established any documented reduction targets or climate pledges, which suggests a lack of formal commitments towards reducing carbon emissions or addressing climate change. This absence of data and commitments may reflect a broader industry context where companies are increasingly expected to disclose their environmental impact and set ambitious targets in line with global climate initiatives. As of now, Zhejiang Canaan Technology Limited does not inherit emissions data from any parent or related organizations, indicating that their climate strategy is currently independent. Without specific emissions figures or reduction initiatives, the company's climate commitments remain unclear.
How Carbon Intensive is Zhejiang Canaan Technology Limited's Industry?
How Carbon Intensive is Zhejiang Canaan Technology Limited's Location?
Zhejiang Canaan Technology 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.
Zhejiang Canaan Technology 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.
