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Solomon Systech Limited, a prominent player in the machinery and equipment sector, is headquartered in Hong Kong. Founded in 1999, the company has established itself within the niche of machinery and equipment not elsewhere classified (29), focusing on innovative solutions for the semiconductor and display industries.
With a commitment to excellence, Solomon Systech offers a range of core products, including display driver ICs and power management solutions, which are distinguished by their high performance and energy efficiency. The company has achieved significant milestones, positioning itself as a leader in the market, particularly in Asia and beyond.
Recognised for its technological advancements and robust product portfolio, Solomon Systech continues to drive innovation, catering to the evolving needs of its global clientele.
-5 vs industry average
Solomon Systech’s score of 22 is lower than 42% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Machinery and Equipment has above-average carbon intensity
The Machinery and Equipment industry has reduced its overall emissions by 37% since 2018
Scope 3 accounts for ••• of total emissions.
Solomon Systech, a machinery and equipment manufacturer headquartered in Hong Kong, reported a total of approximately 15.7 million kg CO2e in Scope 1, 2, and 3 emissions for 2024. This figure is comprised of about 6,860 kg CO2e from Scope 1, approximately 502,370 kg CO2e from Scope 2, and roughly 13.3 million kg CO2e from Scope 3. Scope 3 emissions were significantly driven by purchased goods and services (approximately 7.0 million kg CO2e) and waste generated in operations (approximately 6.3 million kg CO2e).
In 2023, Solomon Systech's disclosed emissions included about 7,530 kg CO2e in Scope 1 and approximately 531,630 kg CO2e in Scope 2, with Scope 3 data not being reported for that year. For 2022, Scope 1 emissions were around 6,970 kg CO2e, and Scope 2 emissions totalled approximately 642,510 kg CO2e. In 2021, Scope 1 emissions were about 8,560 kg CO2e, while Scope 2 emissions stood at approximately 4.0 million kg CO2e.
Solomon Systech has set near-term absolute reduction targets for both Scope 1 and Scope 2 greenhouse gas emissions. The company aims to reduce these emissions by 0.2% gradually by 2025, using 2021 as the baseline year. The 2024 reported emissions data indicates that the company's total emissions for the year were approximately 15.7 million kg CO2e.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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