Zhejiang Innuovo Magnetics Co., Ltd. Sustainability Profile
Zhejiang Innuovo Magnetics Co., Ltd., commonly referred to as Innuovo Magnetics, is a leading player in the magnetic materials industry, headquartered in Zhejiang, China. Established in 2006, the company has rapidly expanded its operational footprint across various regions, solidifying its reputation for innovation and quality. Specialising in the production of high-performance neodymium magnets, Innuovo Magnetics stands out for its advanced manufacturing techniques and commitment to sustainability. Their core products cater to diverse applications, including automotive, electronics, and renewable energy sectors, ensuring they meet the evolving needs of their clients. With a strong market position, Innuovo Magnetics has achieved significant milestones, including certifications for quality management and environmental standards, which underscore their dedication to excellence and customer satisfaction.
DitchCarbon Score
How does Zhejiang Innuovo Magnetics Co., Ltd.'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
Zhejiang Innuovo Magnetics Co., Ltd.'s score of 17 is lower than 78% 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 Innuovo Magnetics Co., Ltd.'s reported carbon emissions
Zhejiang Innuovo Magnetics Co., Ltd., headquartered in China (CN), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is a current subsidiary of Innuovo Technology Co., Ltd., which may influence its climate commitments and reporting practices. Despite the lack of direct emissions data, it is important to note that Zhejiang Innuovo Magnetics is part of a corporate family that may have established climate initiatives. However, no specific reduction targets or climate pledges have been documented for this subsidiary. The absence of data suggests that the company may still be in the process of developing its climate strategy or reporting framework. As a current subsidiary, any potential climate commitments or emissions data may be cascaded from Innuovo Technology Co., Ltd. However, specific details regarding these initiatives or targets have not been provided. Overall, Zhejiang Innuovo Magnetics Co., Ltd. appears to be in the early stages of addressing its carbon footprint and climate impact within the broader context of its parent company's sustainability efforts.
How Carbon Intensive is Zhejiang Innuovo Magnetics Co., Ltd.'s Industry?
How Carbon Intensive is Zhejiang Innuovo Magnetics Co., Ltd.'s Location?
Zhejiang Innuovo Magnetics Co., Ltd.'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 Innuovo Magnetics Co., Ltd. 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.
