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Hangcha Group Co Ltd

Common Name
Hangcha Group
Country
China (Mainland)
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
Employees
7,233
Ticker
603298
Exchange
Shanghai Stock Exchange
Description
Hangcha Group Co., Ltd. is a leading Chinese company specializing in the design, manufacturing, and sale of a comprehensive range of forklifts and material handling equipment. Renowned for its commitm...

Hangcha Group's GHG Emissions Data Preview

In 2025, Hangcha Group 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) and Scope 2 (indirect emissions from purchased energy).

However, Hangcha Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)20252024
Total Scope 1
1,570.26a
1,506.17a
Total Scope 2
Unspecified Calculation Method
3,933.29a
9,152.44a
Total Scope 3
N/AN/A
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.6197a
0.6563a
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Verified Sources Behind Hangcha Group’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.

a. Hangcha Group's ESG Report 2025

Insights into Hangcha Group's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Hangcha Group amounted to 5,503.55 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 2024, the total operational greenhouse gas (GHG) emissions of Hangcha Group decreased by 48.37%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Hangcha Group's Scope 1 Emissions Over Time

2024202504008001.2 k1.6 ktCO2e+4%
  • Total Scope 1
  • Year-over-Year Change

What are Hangcha Group's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Hangcha Group were 1,570.26 metric tons of CO₂ equivalent (tCO₂e).a

Compared to the previous year (2024), Hangcha Group's Scope 1 emissions increased by 4.26%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Hangcha Group's Scope 2 emissions?

In 2025, Hangcha Group reported Scope 2 greenhouse gas (GHG) emissions of 3,933.29 tCO₂e without specifying the calculation method.a

Has Hangcha Group reduced its Scope 2 emissions over time?

Compared to the previous year (2024), Hangcha Group's Scope 2 emissions (Unspecified Calculation Method) fell by 57.02% in 2025, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Hangcha Group use for Scope 2 reporting?

In 2025, Hangcha Group reported its Scope 2 emissions using an unspecified methodology.a

Hangcha Group's Scope 2 Emissions Over Time

2024202502.5 k5 k7.5 k10 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Hangcha Group’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Hangcha Group reported Scope 1 greenhouse gas (GHG) emissions of 1,570.26 tCO₂e and total revenues of USD 2,534 millions. This translates into an emissions intensity of 0.62 tCO₂e per millions USD.a

Hangcha Group's Scope 1 Emissions Intensity Compared to Peers

1005005,00050,000200,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)Kion GroupYear: 2025Scope 1: 104,881 tCO2eRevenue: $M 13,282Scope 1 Intensity: 7.90 tCO2e/$MRandoncorpYear: 2024Scope 1: 32,285 tCO2eRevenue: $M 1,929Scope 1 Intensity: 16.74 tCO2e/$MManitowocYear: 2024Scope 1: 22,862 tCO2eRevenue: $M 2,178Scope 1 Intensity: 10.50 tCO2e/$MRosenbauer InternationalYear: 2025Scope 1: 9,833 tCO2eRevenue: $M 1,680Scope 1 Intensity: 5.85 tCO2e/$MManitou BFYear: 2025Scope 1: 19,468 tCO2eRevenue: $M 3,015Scope 1 Intensity: 6.46 tCO2e/$MPalfingerYear: 2024Scope 1: 18,885 tCO2eRevenue: $M 2,456Scope 1 Intensity: 7.69 tCO2e/$MWacker NeusonYear: 2025Scope 1: 14,264 tCO2eRevenue: $M 2,609Scope 1 Intensity: 5.47 tCO2e/$MHD Hyundai InfracoreYear: 2024Scope 1: 25,260 tCO2eRevenue: $M 2,804Scope 1 Intensity: 9.01 tCO2e/$MAlamo GroupYear: 2025Scope 1: 21,474 tCO2eRevenue: $M 1,604Scope 1 Intensity: 13.39 tCO2e/$MREV GroupYear: 2024Scope 1: 13,800 tCO2eRevenue: $M 2,380Scope 1 Intensity: 5.80 tCO2e/$MHiabYear: 2025Scope 1: 12,965 tCO2eRevenue: $M 1,830Scope 1 Intensity: 7.09 tCO2e/$MHD Construction EquipmentYear: 2025Scope 1: 16,110 tCO2eRevenue: $M 2,615Scope 1 Intensity: 6.16 tCO2e/$MSanFeng Intelligent Equipment GroupYear: 2025Scope 1: 249 tCO2eRevenue: $M 253Scope 1 Intensity: 0.99 tCO2e/$MSumecYear: 2025Scope 1: 43,536 tCO2eRevenue: $M 16,828Scope 1 Intensity: 2.59 tCO2e/$MGuangxi Liugong MachineryYear: 2025Scope 1: 13,025 tCO2eRevenue: $M 4,734Scope 1 Intensity: 2.75 tCO2e/$MYutong BusYear: 2025Scope 1: 102,393 tCO2eRevenue: $M 5,917Scope 1 Intensity: 17.30 tCO2e/$MSinotruk Hong KongYear: 2025Scope 1: 107,421 tCO2eRevenue: $M 15,647Scope 1 Intensity: 6.87 tCO2e/$MZoomlionYear: 2024Scope 1: 50,921 tCO2eRevenue: $M 6,232Scope 1 Intensity: 8.17 tCO2e/$MXCMG Construction MachineryYear: 2024Scope 1: 102,363 tCO2eRevenue: $M 12,559Scope 1 Intensity: 8.15 tCO2e/$MSany Heavy IndustryYear: 2025Scope 1: 76,113 tCO2eRevenue: $M 12,813Scope 1 Intensity: 5.94 tCO2e/$MSinotruk Jinan TruckYear: 2025Scope 1: 30,652 tCO2eRevenue: $M 8,247Scope 1 Intensity: 3.72 tCO2e/$MZCZLYear: 2025Scope 1: 51,912 tCO2eRevenue: $M 5,906Scope 1 Intensity: 8.79 tCO2e/$MAnhui HeliYear: 2025Scope 1: 29,994 tCO2eRevenue: $M 2,831Scope 1 Intensity: 10.60 tCO2e/$MSanyYear: 2025Scope 1: 6,149 tCO2eRevenue: $M 3,476Scope 1 Intensity: 1.77 tCO2e/$MZhejiang Dingli MachineryYear: 2025Scope 1: 8,957 tCO2eRevenue: $M 1,225Scope 1 Intensity: 7.31 tCO2e/$MHangcha GroupYear: 2025Scope 1: 1,570 tCO2eRevenue: $M 2,534Scope 1 Intensity: 0.62 tCO2e/$M

How does Hangcha Group's GHG emissions intensity compare to its peers?

In 2025, Hangcha Group reported a Scope 1 emissions intensity of 0.62 tCO₂e per millions USD. Compared to the peer group median of 7.09, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Hangcha Group rank on GHG emissions intensity within its industry?

In 2025, Hangcha Group ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Hangcha Group among the top performers, with one of the lowest emissions intensities relative to peers.a

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