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 2023, 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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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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 2023
a. Farasis Energy Gan Zhou's ESG Report 2023

Insights into Farasis Energy Gan Zhou's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Farasis Energy Gan Zhou amounted to 371,657.34 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 Farasis Energy Gan Zhou decreased by 12.51%, 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

20212022202307.5 k15 k22.5 k30 ktCO2e-78%-31%
  • Total Scope 1
  • Year-over-Year Change

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

In 2023, the total Scope 1 emissions of Farasis Energy Gan Zhou were 4,328.28 metric tons of CO₂ equivalent (tCO₂e). 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 84.67%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Farasis Energy Gan Zhou's Scope 1 emissions decreased by 31.08%, 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 2023, Farasis Energy Gan Zhou reported Scope 2 greenhouse gas (GHG) emissions of 367,329.06 tCO₂e 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 61.07%, reflecting a rising long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Farasis Energy Gan Zhou's Scope 2 emissions (Location-Based) fell by 12.23% in 2023, 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 2023, Farasis Energy Gan Zhou reported its Scope 2 emissions using the location-based method. a

Farasis Energy Gan Zhou's Scope 2 Emissions Over Time

2021202220230150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based

Insights into Farasis Energy Gan Zhou's Value Chain Emissions

In 2023, Farasis Energy Gan Zhou reported 987,510.47 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 Farasis Energy Gan Zhou includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Farasis Energy Gan Zhou's Scope 3 Emissions Over Time

2021202220230250 k500 k750 k1 MtCO2e+92%+13%
  • Total Scope 3
  • Year-over-Year Change

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

In 2023, Farasis Energy Gan Zhou reported total Scope 3 emissions of 987,510.47 metric tons of CO₂ equivalent (tCO₂e). a

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

Since 2021, Farasis Energy Gan Zhou's Scope 3 emissions have increased by 116.76%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Farasis Energy Gan Zhou's Scope 3 emissions increased by 12.88%, suggesting that the company faced challenges in reducing emissions across its value chain. a

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

In 2023, Farasis Energy Gan Zhou reported Scope 1 greenhouse gas (GHG) emissions of 4,328.28 tCO₂e and total revenues of USD 2,313 millions. This translates into an emissions intensity of 1.87 tCO₂e per millions USD. a

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

2050010,000200,0005,000,000Scope 1 Emissions (tCO2e)2001,0002,0005,00020,000Revenues (Millions of USD)CBTAZFChina MeiDong Auto HoldingsYear: 2024Scope 1: 805 tCO2eRevenue: $M 3,315Scope 1 Intensity: 0.24 tCO2e/$MNingbo Joyson ElectronicYear: 2023Scope 1: 31,781 tCO2eRevenue: $M 7,841Scope 1 Intensity: 4.05 tCO2e/$MPop Mart International GroupYear: 2024Scope 1: 58 tCO2eRevenue: $M 1,942Scope 1 Intensity: 0.03 tCO2e/$MCCChaowei Power HoldingsYear: 2024Scope 1: 72,971 tCO2eRevenue: $M 7,544Scope 1 Intensity: 9.67 tCO2e/$MMINISO Group HoldingYear: 2023Scope 1: 474 tCO2eRevenue: $M 1,582Scope 1 Intensity: 0.30 tCO2e/$MHuizhou Desay SV AutomotiveYear: 2023Scope 1: 9,657 tCO2eRevenue: $M 3,083Scope 1 Intensity: 3.13 tCO2e/$MREPT BATTERO EnergyYear: 2023Scope 1: 58,334 tCO2eRevenue: $M 1,761Scope 1 Intensity: 33.13 tCO2e/$MBBBAIC BlueParkYear: 2023Scope 1: 4,877 tCO2eRevenue: $M 2,015Scope 1 Intensity: 2.42 tCO2e/$MTTTongcheng Travel HoldingsYear: 2023Scope 1: 163 tCO2eRevenue: $M 1,674Scope 1 Intensity: 0.10 tCO2e/$MOppein Home GroupYear: 2024Scope 1: 7,317 tCO2eRevenue: $M 2,593Scope 1 Intensity: 2.82 tCO2e/$MSailun GroupYear: 2023Scope 1: 11,465 tCO2eRevenue: $M 3,655Scope 1 Intensity: 3.14 tCO2e/$MZhejiang Shuanghuan DrivelineYear: 2023Scope 1: 20,864 tCO2eRevenue: $M 1,136Scope 1 Intensity: 18.37 tCO2e/$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: 2023Scope 1: 17,031 tCO2eRevenue: $M 2,426Scope 1 Intensity: 7.02 tCO2e/$MYunnan Energy New MaterialYear: 2023Scope 1: 319,036 tCO2eRevenue: $M 1,694Scope 1 Intensity: 188.29 tCO2e/$MMango Excellent MediaYear: 2023Scope 1: 419 tCO2eRevenue: $M 2,058Scope 1 Intensity: 0.20 tCO2e/$MXingda International HoldingsYear: 2023Scope 1: 186,907 tCO2eRevenue: $M 1,768Scope 1 Intensity: 105.70 tCO2e/$MFuyao Glass Industry GroupYear: 2023Scope 1: 1,030,353 tCO2eRevenue: $M 4,666Scope 1 Intensity: 220.82 tCO2e/$MZZZongshenYear: 2023Scope 1: 15,034 tCO2eRevenue: $M 1,147Scope 1 Intensity: 13.11 tCO2e/$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: 2023Scope 1: 4,328 tCO2eRevenue: $M 2,313Scope 1 Intensity: 1.87 tCO2e/$M

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

In 2023, Farasis Energy Gan Zhou reported a Scope 1 emissions intensity of 1.87 tCO₂e per millions USD. Compared to the peer group median of 8.02 , 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 2023, Farasis Energy Gan Zhou ranked 6 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Farasis Energy Gan Zhou is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Farasis Energy Gan Zhou's Total Carbon Footprint

In 2023, Farasis Energy Gan Zhou reported a total carbon footprint of 1,359,167.81 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.58% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Farasis Energy Gan Zhou's total carbon footprint was Scope 3 emissions, accounting for 72.66% of the company's total carbon footprint, followed by Scope 2 emissions at 27.03%. a

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