Zhejiang Shibao Co
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Zhejiang Shibao Co's score of 15 is lower than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Zhejiang Shibao Co's reported carbon emissions
In 2023, Zhejiang Shibao Co, headquartered in CN, 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. This represents a slight increase from 2022, where emissions were about 31,118,000 kg CO2e, with Scope 1 emissions at 1,752,000 kg CO2e and Scope 2 at 29,368,000 kg CO2e. Over the years, the company has shown fluctuations in its emissions. In 2021, total emissions were around 26,440,000 kg CO2e, with Scope 1 at 1,317,000 kg CO2e and Scope 2 at 25,124,000 kg CO2e. The trend indicates a gradual increase in emissions despite revenue growth, which reached approximately 256,588,334 USD in 2023. Zhejiang Shibao Co has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction strategies suggests a need for enhanced climate commitments in line with industry standards. The company’s emissions intensity, measured as energy consumption per unit of revenue, has varied, indicating potential areas for improvement in operational efficiency and sustainability practices.
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| 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 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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 committed to any reduction initiatives 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.
