Zhejiang Shibao Co Sustainability Profile
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 17 is lower than 65% 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 Shibao Co's reported carbon emissions
In 2024, Zhejiang Shibao Co, headquartered in China, reported total carbon emissions of approximately 47,103,030 kg CO2e, comprising 1,106,000 kg CO2e from Scope 1 and 45,997,340 kg CO2e from Scope 2 emissions. This marks a slight increase from 2023, where emissions totalled about 39,747,440 kg CO2e, with Scope 1 emissions at 1,072,000 kg CO2e and Scope 2 emissions at 38,675,590 kg CO2e. In 2022, the company recorded emissions of approximately 33,223,000 kg CO2e, with Scope 1 at 1,804,000 kg CO2e and Scope 2 at 31,420,000 kg CO2e. The trend indicates a gradual increase in emissions over the years, with 2021 emissions reported at about 26,440,000 kg CO2e, primarily from Scope 2. Zhejiang Shibao has not disclosed any specific reduction targets or initiatives, nor does it report on Scope 3 emissions. The company’s emissions data is not cascaded from any parent organisation, indicating that all reported figures are directly from Zhejiang Shibao Company Limited. Overall, while the company has made strides in transparency regarding its emissions, it currently lacks formal commitments to reduce its carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 649,000 | 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 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is Zhejiang Shibao Co's Industry?
How Carbon Intensive is Zhejiang Shibao Co's Location?
Zhejiang Shibao Co'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 Shibao Co 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.
