In 2024, Gotion High tech 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).
Gotion High tech has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 248,513a | 121,903b | 101,449.27c | |
Total Scope 2 | ||||
Unspecified Calculation Method | 1,634,316.9a | 1,135,507b | 820,454.89c | |
Total Scope 3 | 4,087,814.4a | 1,822,598b | 1,950,400.68c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 51.2455a | 27.4118b | 30.6442c |
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In 2024, the total operational greenhouse gas (GHG) emissions of Gotion High tech amounted to 1,882,829.9 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 2023, the total operational greenhouse gas (GHG) emissions of Gotion High tech increased by 49.74%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Gotion High tech were 248,513 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Gotion High tech's Scope 1 emissions have increased by 144.96%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Gotion High tech's Scope 1 emissions increased by 103.86%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Gotion High tech reported Scope 2 greenhouse gas (GHG) emissions of 1,634,316.9 tCO₂e without specifying the calculation method.a
Since 2022, Gotion High tech's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 99.2%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Gotion High tech's Scope 2 emissions (Unspecified Calculation Method) rose by 43.93% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Gotion High tech reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Gotion High tech reported 4,087,814.4 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 2024 disclosure of Gotion High tech includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Gotion High tech reported total Scope 3 emissions of 4,087,814.4 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
Since 2022, Gotion High tech's Scope 3 emissions have increased by 109.59%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Gotion High tech's Scope 3 emissions increased by 124.29%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, Gotion High tech reported emissions for 1 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 2024, the largest contributors to Gotion High tech's Scope 3 emissions were:a
In 2024, Gotion High tech reported Scope 1 greenhouse gas (GHG) emissions of 248,513 tCO₂e and total revenues of USD 4,849 millions. This translates into an emissions intensity of 51.25 tCO₂e per millions USD.a
In 2024, Gotion High tech reported a Scope 1 emissions intensity of 51.25 tCO₂e per millions USD. Compared to the peer group median of 2.98, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Gotion High tech ranked 24 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Gotion High tech among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Gotion High tech reported a total carbon footprint of 5,970,644.3 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 93.85% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Gotion High tech's total carbon footprint was Scope 3 emissions, accounting for 68.47% of the company's total carbon footprint, followed by Scope 2 emissions at 27.37%.a