In 2023, Hotai Finance 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, Hotai Finance 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 | 1,440.435a | 286.265a | 421.125b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 1,258.261a | 736.809a | 900.451b | |
Total Scope 3 | 586.021a | 217.38a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.5418a | 0.386a | 0.6501b |
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In 2023, the total operational greenhouse gas (GHG) emissions of Hotai Finance amounted to 2,698.696 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 Hotai Finance increased by 163.78%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of Hotai Finance were 1,440.435 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hotai Finance's Scope 1 emissions have increased by 781.49%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2022), Hotai Finance's Scope 1 emissions increased by 403.18%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Hotai Finance reported Scope 2 greenhouse gas (GHG) emissions of 1,258.261 tCO₂e without specifying the calculation method.a
Since 2019, Hotai Finance's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 60.04%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2022), Hotai Finance's Scope 2 emissions (Unspecified Calculation Method) rose by 70.77% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, Hotai Finance reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Hotai Finance reported 586.021 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 Hotai Finance 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
In 2023, Hotai Finance reported total Scope 3 emissions of 586.021 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), Hotai Finance's Scope 3 emissions increased by 169.58%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2023, Hotai Finance reported Scope 1 greenhouse gas (GHG) emissions of 1,440.435 tCO₂e and total revenues of USD 934 millions. This translates into an emissions intensity of 1.54 tCO₂e per millions USD.a
In 2023, Hotai Finance reported a Scope 1 emissions intensity of 1.54 tCO₂e per millions USD. Compared to the peer group median of 0.34, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Hotai Finance ranked 17 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Hotai Finance is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, Hotai Finance reported a total carbon footprint of 3,284.717 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 164.8% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Hotai Finance's total carbon footprint was Scope 1 emissions, accounting for 43.85% of the company's total carbon footprint, followed by Scope 2 emissions at 38.31%.a