Zhejiang Shibao Co., Ltd., commonly referred to as Shibao, is a prominent player in the manufacturing industry, headquartered in Zhejiang Province, China. Established in 1995, the company has made significant strides in the production of high-quality automotive components, particularly focusing on shock absorbers and suspension systems. With a strong presence in both domestic and international markets, Shibao has earned a reputation for its innovative engineering and commitment to quality. The company’s core products are distinguished by their advanced technology and durability, catering to a diverse range of vehicles. Recognised for its excellence, Zhejiang Shibao Co. has achieved numerous industry certifications and accolades, solidifying its position as a trusted supplier in the automotive sector.
How does Zhejiang Shibao Co'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.
Mean score of companies in the Motor Vehicle Manufacturing 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.
Zhejiang Shibao Co's score of 19 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Zhejiang Shibao Co reported total carbon emissions of approximately 33,223,000 kg CO2e, comprising 1,804,000 kg CO2e from Scope 1 and 31,420,000 kg CO2e from Scope 2 emissions. This marks a slight increase from 2022, where total emissions were about 31,118,000 kg CO2e, with Scope 1 emissions at 1,752,000 kg CO2e and Scope 2 emissions at 29,368,000 kg CO2e. Over the past few years, the company has shown a trend of increasing emissions, with 2021 emissions recorded at approximately 26,440,000 kg CO2e, and 2020 emissions at about 42,474,000 kg CO2e. Notably, in 2019, total emissions were around 38,044,000 kg CO2e, indicating a significant reduction from 2020 to 2021. Zhejiang Shibao Co has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of Scope 3 emissions data suggests a potential area for future reporting and improvement. The company’s emissions intensity, measured in relation to revenue, reflects its operational efficiency and energy consumption practices, which are critical in the context of global climate commitments.
Access structured emissions data, company-specific emission factors, and source documents
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 649,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 37,398,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | - | - | - | - | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Zhejiang Shibao Co is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.