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Farasis Energy Gan Zhou Co Ltd

Common Name
Farasis Energy Gan Zhou
Country
China (Mainland)
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
6,463
Ticker
688567
Exchange
SHANGHAI STOCK EXCHANGE
Description
Farasis Energy (Gan Zhou) Co., Ltd. is a cutting-edge company specializing in the development and production of lithium-ion batteries and battery systems. Primarily focused on the automotive sector, t...

Farasis Energy Gan Zhou's GHG Emissions Data Preview

In 2024, Farasis Energy Gan Zhou 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, Farasis Energy Gan Zhou has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Farasis Energy Gan Zhou’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Farasis Energy Gan Zhou’s data sources below and access millions more through our Disclosure Search.

a. Farasis Energy Gan Zhou's ESG Report 2024
a. Farasis Energy Gan Zhou's ESG Report 2024
b. Farasis Energy Gan Zhou's ESG Report 2023
b. Farasis Energy Gan Zhou's ESG Report 2023

Insights into Farasis Energy Gan Zhou's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofFarasis Energy Gan Zhou amounted to289,082.48metric 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 2023, the total operational greenhouse gas (GHG) emissions of Farasis Energy Gan Zhoudecreased by 22.22%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Farasis Energy Gan Zhou's Scope 1 Emissions Over Time

202120222023202407.5 k15 k22.5 k30 ktCO2e-78%-31%-15%
  • Total Scope 1
  • Year-over-Year Change

What are Farasis Energy Gan Zhou's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Farasis Energy Gan Zhou were 3,679.09 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Farasis Energy Gan Zhou reduced its Scope 1 emissions over time?

Since 2021, Farasis Energy Gan Zhou's Scope 1 emissions have decreased by 86.97%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Farasis Energy Gan Zhou's Scope 1 emissions decreased by 15%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Farasis Energy Gan Zhou's Scope 2 emissions?

In 2024, Farasis Energy Gan Zhou reported Scope 2 greenhouse gas (GHG) emissions of 265,853.66 tCOâ‚‚e using the market-based method and 285,403.39 tCOâ‚‚e using the location-based method.a

Has Farasis Energy Gan Zhou reduced its Scope 2 emissions over time?

Since 2021, Farasis Energy Gan Zhou's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 25.15%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Farasis Energy Gan Zhou's Scope 2 emissions(Location-Based) fell by 22.3% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Farasis Energy Gan Zhou use for Scope 2 reporting?

In 2024, Farasis Energy Gan Zhou reported its Scope 2 emissions using the market-based method and using the location-based method.a

Farasis Energy Gan Zhou's Scope 2 Emissions Over Time

20212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Farasis Energy Gan Zhou's Value Chain Emissions

In 2024, Farasis Energy Gan Zhou reported 841,536.69 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Farasis Energy Gan Zhou includes a breakdown across 0of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Farasis Energy Gan Zhou's Scope 3 Emissions Over Time

20212022202320240250 k500 k750 k1 MtCO2e+92%+13%-15%
  • Total Scope 3
  • Year-over-Year Change

What are Farasis Energy Gan Zhou's Scope 3 emissions?

In 2024, Farasis Energy Gan Zhou reported total Scope 3 emissions of 841,536.69 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Farasis Energy Gan Zhou reduced its Scope 3 emissions over time?

Since 2021, Farasis Energy Gan Zhou's Scope 3 emissionshave increased by 84.72%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Farasis Energy Gan Zhou's Scope 3 emissions decreased by 14.78%, highlighting the company's efforts to lower indirect emissions from its value chain.a

Insights into Farasis Energy Gan Zhou’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Farasis Energy Gan Zhou reported Scope 1 greenhouse gas (GHG) emissions of 3,679.09 tCOâ‚‚e and total revenues of USD 1,601 millions. This translates into an emissions intensity of 2.3 tCOâ‚‚e per millions USD.a

Farasis Energy Gan Zhou's Scope 1 Emissions Intensity Compared to Peers

1001,00020,000200,0005,000,000Scope 1 Emissions (tCO2e)2005002,0005,00020,000Revenues (Millions of USD)TCAGASZFTTTianneng Battery GroupYear: 2024Scope 1: 101,175 tCO2eRevenue: $M 6,172Scope 1 Intensity: 16.39 tCO2e/$MNingbo Joyson ElectronicYear: 2024Scope 1: 37,554 tCO2eRevenue: $M 7,654Scope 1 Intensity: 4.91 tCO2e/$MCCChaowei Power HoldingsYear: 2024Scope 1: 72,971 tCO2eRevenue: $M 7,544Scope 1 Intensity: 9.67 tCO2e/$MAAAutel Intelligent TechnologyYear: 2024Scope 1: 259 tCO2eRevenue: $M 539Scope 1 Intensity: 0.48 tCO2e/$MHuizhou Desay SV AutomotiveYear: 2024Scope 1: 946 tCO2eRevenue: $M 3,784Scope 1 Intensity: 0.25 tCO2e/$MREPT BATTERO EnergyYear: 2024Scope 1: 109,896 tCO2eRevenue: $M 2,501Scope 1 Intensity: 43.93 tCO2e/$MNingbo Tuopu GroupYear: 2024Scope 1: 2,447 tCO2eRevenue: $M 3,645Scope 1 Intensity: 0.67 tCO2e/$MSailun GroupYear: 2024Scope 1: 622,576 tCO2eRevenue: $M 4,358Scope 1 Intensity: 142.87 tCO2e/$MZhejiang Shuanghuan DrivelineYear: 2023Scope 1: 20,864 tCO2eRevenue: $M 1,136Scope 1 Intensity: 18.37 tCO2e/$MGGGuming HoldingsYear: 2024Scope 1: 13,436 tCO2eRevenue: $M 1,315Scope 1 Intensity: 10.22 tCO2e/$MZhejiang SuporYear: 2024Scope 1: 27,727 tCO2eRevenue: $M 3,073Scope 1 Intensity: 9.02 tCO2e/$MYUTOYear: 2024Scope 1: 21,504 tCO2eRevenue: $M 2,351Scope 1 Intensity: 9.15 tCO2e/$MAAAnhui Zhongding Sealing PartsYear: 2024Scope 1: 22,121 tCO2eRevenue: $M 2,583Scope 1 Intensity: 8.56 tCO2e/$MYunnan Energy New MaterialYear: 2024Scope 1: 347,165 tCO2eRevenue: $M 1,393Scope 1 Intensity: 249.29 tCO2e/$MMango Excellent MediaYear: 2024Scope 1: 574 tCO2eRevenue: $M 1,929Scope 1 Intensity: 0.30 tCO2e/$MAtour Lifestyle HoldingsYear: 2023Scope 1: 2,668 tCO2eRevenue: $M 657Scope 1 Intensity: 4.06 tCO2e/$MSSShanghai Jin Jiang International HotelsYear: 2024Scope 1: 45,837 tCO2eRevenue: $M 1,927Scope 1 Intensity: 23.79 tCO2e/$MXingda International HoldingsYear: 2024Scope 1: 216,150 tCO2eRevenue: $M 1,789Scope 1 Intensity: 120.79 tCO2e/$MFuyao Glass Industry GroupYear: 2024Scope 1: 994,376 tCO2eRevenue: $M 5,378Scope 1 Intensity: 184.89 tCO2e/$MZZZongshenYear: 2024Scope 1: 38,294 tCO2eRevenue: $M 1,440Scope 1 Intensity: 26.60 tCO2e/$MYoungor FashionYear: 2023Scope 1: 22,576 tCO2eRevenue: $M 1,935Scope 1 Intensity: 11.67 tCO2e/$MShandong Linglong TyreYear: 2024Scope 1: 201,000 tCO2eRevenue: $M 3,022Scope 1 Intensity: 66.50 tCO2e/$MFFFarasis Energy Gan ZhouYear: 2024Scope 1: 3,679 tCO2eRevenue: $M 1,601Scope 1 Intensity: 2.30 tCO2e/$M

How does Farasis Energy Gan Zhou's GHG emissions intensity compare to its peers?

In 2024, Farasis Energy Gan Zhou reported a Scope 1 emissions intensity of 2.3 tCOâ‚‚e per millions USD. Compared to the peer group median of 10.94, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Farasis Energy Gan Zhou rank on GHG emissions intensity within its industry?

In 2024, Farasis Energy Gan Zhou ranked 5 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Farasis Energy Gan Zhou among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Farasis Energy Gan Zhou's Total Carbon Footprint

In 2024, Farasis Energy Gan Zhou reported a total carbon footprint of 1,130,619.17 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.82% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Farasis Energy Gan Zhou's total carbon footprint was Scope 3 emissions, accounting for 74.43% of the company's total carbon footprint, followed by Scope 2 emissions at 25.24%.a

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