Cgn New Energy
Cgn New Energy, a prominent player in the renewable energy sector, is headquartered in Hong Kong and operates extensively across Asia and beyond. Founded in 2016, the company has rapidly established itself as a leader in clean energy solutions, focusing on solar and wind power generation. Cgn New Energy is renowned for its innovative approach to energy production, offering unique services that include project development, operation, and maintenance of renewable energy facilities. With a commitment to sustainability, the company has achieved significant milestones, including the successful commissioning of multiple large-scale solar farms. Recognised for its market position, Cgn New Energy continues to drive advancements in the industry, contributing to a greener future while meeting the growing demand for clean energy solutions.
DitchCarbon Score
How does Cgn New Energy'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 Electricity Transmission 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
Cgn New Energy's score of 21 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cgn New Energy's reported carbon emissions
In 2021, CGN New Energy, headquartered in Hong Kong, reported total carbon emissions of approximately 300,000,000 kg CO2e. This figure includes 1,800,000 kg CO2e from Scope 1 emissions and 73,000,000 kg CO2e from Scope 3 emissions, while Scope 2 emissions were reported as zero. The company's revenue for the same year was about USD 1.78 billion. CGN New Energy has set ambitious climate commitments, aiming to reduce the comprehensive energy consumption of output value per 10,000 yuan by 15% by 2025 compared to 2020 levels. Additionally, they plan to achieve a 20% reduction in the same metric by 2030. These targets focus on Scope 2 emissions and reflect the company's commitment to improving energy efficiency and reducing its carbon footprint. The emissions data is not cascaded from any parent organization, indicating that CGN New Energy is independently reporting its emissions and climate initiatives. The company has not disclosed any Science-Based Targets Initiative (SBTi) targets, but its outlined reduction initiatives demonstrate a proactive approach to addressing climate change.
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| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | 17,874,972,550 | - | - | 0,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | - |
| Scope 3 | - | - | - | 00,000,000 |
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.
Cgn New Energy is not participating in any 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.
