In 2024, Huali Industrial 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Huali Industrial Group has also provided a category-level breakdown for 15 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 | 30,049a | 27,007a | 26,349a | |
Total Scope 2 | ||||
Market-Based | 331,947a | 318,270a | 365,207a | |
Location-Based | 381,623a | 332,589a | 366,662a | |
Total Scope 3 | 1,628,232a | 1,232,249a | 1,405,039a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 9.1351a | 9.5427a | 8.9197a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Huali Industrial Group amounted to 411,672 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 Huali Industrial Group increased by 14.48%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Huali Industrial Group were 30,049 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Huali Industrial Group's Scope 1 emissions have increased by 14.04%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Huali Industrial Group's Scope 1 emissions increased by 11.26%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Huali Industrial Group reported Scope 2 greenhouse gas (GHG) emissions of 331,947 tCO₂e using the market-based method and 381,623 tCO₂e using the location-based method.a
Since 2022, Huali Industrial Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Huali Industrial Group's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Huali Industrial Group's Scope 2 emissions (Location-Based) rose by 14.74% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Huali Industrial Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Huali Industrial Group reported 1,628,232 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 Huali Industrial Group includes a breakdown across 15 of 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
In 2024, Huali Industrial Group reported total Scope 3 emissions of 1,628,232 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 95.3% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.7% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2022, Huali Industrial Group's Scope 3 emissions have increased by 15.89%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Huali Industrial Group's Scope 3 emissions increased by 32.13%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Huali Industrial Group reported emissions for 15 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Huali Industrial Group's Scope 3 emissions were:a
In 2024, Huali Industrial Group reported Scope 1 greenhouse gas (GHG) emissions of 30,049 tCO₂e and total revenues of USD 3,289 millions. This translates into an emissions intensity of 9.14 tCO₂e per millions USD.a
In 2024, Huali Industrial Group reported a Scope 1 emissions intensity of 9.14 tCO₂e per millions USD. Compared to the peer group median of 1.12, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Huali Industrial Group ranked 22 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Huali Industrial Group among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Huali Industrial Group reported a total carbon footprint of 2,039,904 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 28.15% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Huali Industrial Group's total carbon footprint was Scope 3 emissions, accounting for 79.82% of the company's total carbon footprint, followed by Scope 2 emissions at 18.71%.a