In 2023, China Huarong Energy 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).
However, China Huarong Energy has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 129.2a | N/A | 125.9b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 1,455.5a | N/A | N/A | |
Total Scope 3 | 2.3a | N/A | 6.1b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 11.1136a | N/A | 2.5326b |
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In 2023, the total operational greenhouse gas (GHG) emissions of China Huarong Energy amounted to 1,584.7 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 2021, the total operational greenhouse gas (GHG) emissions of China Huarong Energy increased by 1,158.7%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2023, the total Scope 1 emissions of China Huarong Energy were 129.2 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, China Huarong Energy's Scope 1 emissions have decreased by 7.42%, reflecting a declining long-term trend in Scope 1 emissions over time.ad
Compared to the previous year (2021), China Huarong Energy's Scope 1 emissions increased by 2.62%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2023, China Huarong Energy reported Scope 2 greenhouse gas (GHG) emissions of 1,455.5 tCO₂e without specifying the calculation method.a
In 2023, China Huarong Energy reported its Scope 2 emissions using an unspecified methodology.a
In 2023, China Huarong Energy reported 2.3 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 China Huarong Energy includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2023, China Huarong Energy reported total Scope 3 emissions of 2.3 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, China Huarong Energy's Scope 3 emissions have decreased by 90.06%, reflecting a declining long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2021), China Huarong Energy's Scope 3 emissions decreased by 62.3%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2023, China Huarong Energy reported Scope 1 greenhouse gas (GHG) emissions of 129.2 tCO₂e and total revenues of USD 12 millions. This translates into an emissions intensity of 11.11 tCO₂e per millions USD.a
In 2023, China Huarong Energy reported a Scope 1 emissions intensity of 11.11 tCO₂e per millions USD. Compared to the peer group median of 381.81, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, China Huarong Energy ranked 3 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places China Huarong Energy among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2023, China Huarong Energy reported a total carbon footprint of 1,587 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1,102.27% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to China Huarong Energy's total carbon footprint was Scope 2 emissions, accounting for 91.71% of the company's total carbon footprint, followed by Scope 1 emissions at 8.14%.a