Zhuhai CosMX Battery Co., Ltd
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 69% 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 achieve a 90% reduction in absolute Scope 1 and Scope 2 emissions by 2050, using 2022 as the baseline year. Additionally, they plan to reduce Scope 3 emissions by 90% within the same timeframe. For the near term, Zhuhai CosMX Battery Co., Ltd has committed to a 45% reduction in Scope 1 and Scope 2 emissions by 2030, alongside a 25% reduction in Scope 3 emissions from purchased goods and services and the use of sold products. Furthermore, the company has pledged to reach net-zero greenhouse gas emissions across its entire value chain by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect a commitment to sustainable practices within the electrical equipment and machinery sector.
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| 2024 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 1,188,000,000 |
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.
Zhuhai CosMX Battery Co., Ltd is participating in some 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.
