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 42 is higher than 67% 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 2023, Zhuhai CosMX Battery Co., Ltd reported total greenhouse gas emissions of approximately 1,712,117,800 kg CO2e. This figure includes Scope 1 emissions of about 39,299,040 kg CO2e, Scope 2 emissions of approximately 363,500,010 kg CO2e, and Scope 3 emissions totalling around 1,309,318,750 kg CO2e. This represents a significant increase from 2022, when total emissions were about 1,398,370,000 kg CO2e. Zhuhai CosMX has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 45% by 2030, using 2022 as the baseline year. Additionally, it aims to cut Scope 3 emissions from purchased goods and services and the use of sold products by 25% within the same timeframe. Long-term goals include a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions by 2050, also from a 2022 baseline. These targets align with the Science Based Targets initiative (SBTi) and reflect the company's commitment to addressing climate change within the electrical equipment and machinery sector.
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.
