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SHIBAO Steering

Sustainability Report and Carbon Intensity Rankings

Is SHIBAO Steering doing their part?

Their DitchCarbon score is 20

SHIBAO Steering has a DitchCarbon Score of 20 out of 100, indicating a low level of sustainability in their operations. This score suggests a high carbon intensity compared to more sustainable companies. The company needs significant improvements to reduce its carbon footprint and enhance its environmental performance.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

SHIBAO Steering is part of the industrial manufacturing sector, which has a carbon intensity ranking of medium. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Unknown

High

Very high

The company SHIBAO Steering, located in China, operates in a region with a certain carbon intensity rating. If China’s carbon intensity is high, it suggests that the company’s operations may face challenges in achieving low carbon emissions, impacting its sustainability efforts.
21.29%

...this company is doing 21.29% worse in emissions than the industry average.

Founded in 1984 and headquartered in Hangzhou City, SHIBAO operates within the industrial manufacturing sector, specializing in automotive steering systems. As a prominent OEM supplier in the PRC, the company focuses on the development, design, manufacture, and sales of steering gears and components. SHIBAO, with multiple manufacturing and research bases across China, offers a range of steering products and is publicly traded on both the Hong Kong and Shenzhen stock exchanges under the codes 1057.HK and 002703, respectively.

Bad news, SHIBAO Steering hasn't committed to SBTi goals yet

Shibao Steering has not yet established specific commitments with the Science Based Targets initiative (SBTi). This means the company has not publicly outlined or committed to concrete targets for reducing greenhouse gas emissions in line with climate science.

There’s always room for improvement,

DitchCarbon recommends...

SHIBAO Steering should enhance their monitoring and reporting systems to better track progress and identify additional opportunities for reducing emissions from purchased electricity, heat, steam, and cooling.
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✓ Company emission source URLs

✓ Supply level emission factors

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.