Zhuhai CosMX Battery Co., Ltd Sustainability Profile
Zhuhai CosMX Battery Co., Ltd., commonly referred to as CosMX, is a leading player in the battery manufacturing industry, headquartered in Zhuhai, China. Established in 2001, the company has rapidly expanded its operational footprint across major regions, including Asia and Europe, solidifying its position in the global market. CosMX specialises in the development and production of advanced lithium-ion batteries, catering to various sectors such as electric vehicles, consumer electronics, and energy storage systems. Their innovative approach and commitment to quality have led to significant milestones, including numerous patents and industry awards. With a focus on sustainability and cutting-edge technology, CosMX continues to set itself apart, making it a preferred choice for clients seeking reliable and efficient battery solutions.
DitchCarbon Score
How does Zhuhai CosMX Battery 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 Electrical Machinery 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
Zhuhai CosMX Battery Co., Ltd's score of 47 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zhuhai CosMX Battery Co., Ltd's reported carbon emissions
In 2024, Zhuhai CosMX Battery Co., Ltd reported total greenhouse gas emissions of approximately 1,631,000,000 kg CO2e. This figure includes about 442,000,000 kg CO2e from Scope 1 and Scope 2 emissions combined, while Scope 3 emissions accounted for approximately 1,188,000,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 45% by 2030, using 2022 as the baseline year. Furthermore, they plan to achieve a significant reduction of 90% in both Scope 1 and Scope 2 emissions by 2050. For Scope 3 emissions, which include those from purchased goods and services, Zhuhai CosMX Battery Co., Ltd targets a 25% reduction by 2030 and a 90% reduction by 2050. Additionally, the company has committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect a strong commitment to addressing climate change within the electrical equipment and machinery sector.
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| 2024 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 1,188,000,000 |
How Carbon Intensive is Zhuhai CosMX Battery Co., Ltd's Industry?
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Zhuhai CosMX Battery 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.
Zhuhai CosMX Battery Co., Ltd has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
