In 2023, Chin-Poon Industrial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Chin-Poon Industrial has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 7,388.705a | 3,605.659a | 10,012.122a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 159,704.672a | 170,323.631a | 187,433.855a | |
Total Scope 3 | 83,651.664a | 95,328.972a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 13.5326a | 6.2902a | 15.2344a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Chin-Poon Industrial amounted to 167,093.377 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Chin-Poon Industrial decreased by 3.93%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2023, the total Scope 1 emissions of Chin-Poon Industrial were 7,388.705 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Chin-Poon Industrial's Scope 1 emissions have decreased by 26.2%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), Chin-Poon Industrial's Scope 1 emissions increased by 104.92%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Chin-Poon Industrial reported Scope 2 greenhouse gas (GHG) emissions of 159,704.672 tCO₂e without specifying the calculation method.a
Since 2021, Chin-Poon Industrial's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 14.79%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2022), Chin-Poon Industrial's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Chin-Poon Industrial's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2023, Chin-Poon Industrial reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Chin-Poon Industrial reported 83,651.664 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of Chin-Poon Industrial includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2023, Chin-Poon Industrial reported total Scope 3 emissions of 83,651.664 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), Chin-Poon Industrial's Scope 3 emissions decreased by 12.25%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2023, Chin-Poon Industrial reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2023, the largest contributors to Chin-Poon Industrial's Scope 3 emissions were:a
In 2023, Chin-Poon Industrial reported Scope 1 greenhouse gas (GHG) emissions of 7,388.705 tCO₂e and total revenues of USD 546 millions. This translates into an emissions intensity of 13.53 tCO₂e per millions USD.a
In 2023, Chin-Poon Industrial reported a Scope 1 emissions intensity of 13.53 tCO₂e per millions USD. Compared to the peer group median of 6.08, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Chin-Poon Industrial ranked 18 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Chin-Poon Industrial is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, Chin-Poon Industrial reported a total carbon footprint of 250,745.041 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.88% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Chin-Poon Industrial's total carbon footprint was Scope 2 emissions, accounting for 63.69% of the company's total carbon footprint, followed by Scope 3 emissions at 33.36%.a