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MGI Tech Co Ltd

Common Name
MGI Tech
Country
China (Mainland)
Sector
Healthcare
Industry
Medical Devices
Employees
2,604
Ticker
688114
Exchange
SHANGHAI STOCK EXCHANGE
Description
Mgi Tech Co Ltd. is an innovative biotechnology company that specializes in the development and manufacturing of high-throughput gene sequencers and other genetic sequencing services. The company's co...

MGI Tech's GHG Emissions Data Preview

In 2023, MGI 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) and Scope 2 (indirect emissions from purchased energy).

However, MGI Tech 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
Unspecified Calculation Method
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a
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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0000000
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Verified Sources Behind MGI Tech’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 MGI Tech’s data sources below and access millions more through our Disclosure Search.

a. MGI Tech's ESG Report 2023
a. MGI Tech's ESG Report 2023

Insights into MGI Tech's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions ofMGI Tech amounted to13,016.16metric 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

MGI Tech's Scope 1 Emissions Over Time

202305101520tCO2e
  • Total Scope 1
  • Year-over-Year Change

What are MGI Tech's Scope 1 emissions?

In 2023, the total Scope 1 emissions of MGI Tech were 18.34 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

What are MGI Tech's Scope 2 emissions?

In 2023, MGI Tech reported Scope 2 greenhouse gas (GHG) emissions of 12,997.82 tCOâ‚‚e without specifying the calculation method.a

What methodology does MGI Tech use for Scope 2 reporting?

In 2023, MGI Tech reported its Scope 2 emissions using an unspecified methodology.a

MGI Tech's Scope 2 Emissions Over Time

202303.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into MGI Tech’s GHG Emissions Intensity Compared to Industry Peers

In 2023, MGI Tech reported Scope 1 greenhouse gas (GHG) emissions of 18.34 tCOâ‚‚e and total revenues of USD 409 millions. This translates into an emissions intensity of 0.04 tCOâ‚‚e per millions USD.a

MGI Tech's Scope 1 Emissions Intensity Compared to Peers

101001,00010,000100,000Scope 1 Emissions (tCO2e)2202002,00020,000Revenues (Millions of USD)APMSTInnoCare PharmaYear: 2023Scope 1: 20 tCO2eRevenue: $M 104Scope 1 Intensity: 0.19 tCO2e/$MSnibeYear: 2023Scope 1: 210 tCO2eRevenue: $M 553Scope 1 Intensity: 0.38 tCO2e/$MJinxin Fertility GroupYear: 2024Scope 1: 1,017 tCO2eRevenue: $M 421Scope 1 Intensity: 2.41 tCO2e/$MRemeGenYear: 2024Scope 1: 54 tCO2eRevenue: $M 234Scope 1 Intensity: 0.23 tCO2e/$MWalvax BiotechnologyYear: 2024Scope 1: 7,643 tCO2eRevenue: $M 387Scope 1 Intensity: 19.77 tCO2e/$MMicroport ScientificYear: 2023Scope 1: 3,168 tCO2eRevenue: $M 7,404Scope 1 Intensity: 0.43 tCO2e/$MLifeTech ScientificYear: 2023Scope 1: 1,528 tCO2eRevenue: $M 195Scope 1 Intensity: 7.84 tCO2e/$MShanghai Junshi BiosciencesYear: 2024Scope 1: 5,308 tCO2eRevenue: $M 267Scope 1 Intensity: 19.88 tCO2e/$MAAAurisco PharmaceuticalYear: 2024Scope 1: 2,731 tCO2eRevenue: $M 202Scope 1 Intensity: 13.51 tCO2e/$MCARsgen Therapeutics HoldingsYear: 2021Scope 1: 117 tCO2eRevenue: $M 4Scope 1 Intensity: 28.91 tCO2e/$MPPPorton Pharma SolutionsYear: 2024Scope 1: 18,865 tCO2eRevenue: $M 413Scope 1 Intensity: 45.71 tCO2e/$MKangji Medical HoldingsYear: 2023Scope 1: 164 tCO2eRevenue: $M 143Scope 1 Intensity: 1.15 tCO2e/$MBioKangtaiYear: 2023Scope 1: 15,952 tCO2eRevenue: $M 489Scope 1 Intensity: 32.60 tCO2e/$MMindrayYear: 2024Scope 1: 5,328 tCO2eRevenue: $M 5,032Scope 1 Intensity: 1.06 tCO2e/$MZhejiang Jiuzhou PharmaceuticalYear: 2023Scope 1: 48,815 tCO2eRevenue: $M 777Scope 1 Intensity: 62.81 tCO2e/$MMicroPort MedBotYear: 2023Scope 1: 68 tCO2eRevenue: $M 16Scope 1 Intensity: 4.19 tCO2e/$MMMMicroport Cardioflow MedtechYear: 2023Scope 1: 268 tCO2eRevenue: $M 52Scope 1 Intensity: 5.18 tCO2e/$MVenus Medtech HangzhouYear: 2024Scope 1: 31 tCO2eRevenue: $M 71Scope 1 Intensity: 0.44 tCO2e/$MUnited ImagingYear: 2024Scope 1: 3,123 tCO2eRevenue: $M 1,411Scope 1 Intensity: 2.21 tCO2e/$MSSSihuan PharmaceuticalYear: 2023Scope 1: 45,602 tCO2eRevenue: $M 286Scope 1 Intensity: 159.27 tCO2e/$MVIVA Biotech HoldingsYear: 2022Scope 1: 1,404 tCO2eRevenue: $M 373Scope 1 Intensity: 3.76 tCO2e/$MTTTong Ren Tang TechnologiesYear: 2024Scope 1: 30,000 tCO2eRevenue: $M 1,086Scope 1 Intensity: 27.62 tCO2e/$MYuwellYear: 2023Scope 1: 2,201 tCO2eRevenue: $M 1,122Scope 1 Intensity: 1.96 tCO2e/$MKingMed DiagnosticsYear: 2024Scope 1: 5,646 tCO2eRevenue: $M 985Scope 1 Intensity: 5.73 tCO2e/$MMGI TechYear: 2023Scope 1: 18 tCO2eRevenue: $M 409Scope 1 Intensity: 0.04 tCO2e/$M

How does MGI Tech's GHG emissions intensity compare to its peers?

In 2023, MGI Tech reported a Scope 1 emissions intensity of 0.04 tCOâ‚‚e per millions USD. Compared to the peer group median of 4.69, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does MGI Tech rank on GHG emissions intensity within its industry?

In 2023, MGI Tech ranked 1 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

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

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