New Hope Corporation Ltd
New Hope's GHG Emissions Data Preview
In 2023, New Hope 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).
New Hope has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind New Hope’s Greenhouse Gas (GHG) Emissions Data
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Insights into New Hope's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of New Hope amounted to 653,556 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 New Hope decreased by 20.66%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
New Hope's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are New Hope's Scope 1 emissions?
In 2023, the total Scope 1 emissions of New Hope were 595,100 metric tons of CO₂ equivalent (tCO₂e). a
Has New Hope reduced its Scope 1 emissions over time?
Since 2021, New Hope's Scope 1 emissions have increased by 18.95%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), New Hope's Scope 1 emissions decreased by 21.04%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are New Hope's Scope 2 emissions?
In 2023, New Hope reported Scope 2 greenhouse gas (GHG) emissions of 58,456 tCO₂e without specifying the calculation method. a
Has New Hope reduced its Scope 2 emissions over time?
Since 2021, New Hope's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 15.18%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), New Hope's Scope 2 emissions (Unspecified Calculation Method) fell by 16.59% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does New Hope use for Scope 2 reporting?
In 2023, New Hope reported its Scope 2 emissions using an unspecified methodology. a
New Hope's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into New Hope's Value Chain Emissions
In 2023, New Hope reported 27,406,003 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 New Hope includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
New Hope's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are New Hope's Scope 3 emissions?
In 2023, New Hope reported total Scope 3 emissions of 27,406,003 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 1.72% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.28% came from downstream activities like product use, distribution, and end-of-life treatment. a
What categories of Scope 3 emissions does New Hope disclose?
In 2023, New Hope reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of New Hope's Scope 3 emissions?
In 2023, the largest contributors to New Hope's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 26,934,000 tCO₂e (98.28%)
- Downstream Transportation and Distribution (Cat. 9): 368,000 tCO₂e (1.34%)
- Fuel- and Energy-Related Services (Cat. 3): 47,000 tCO₂e (0.17%)
New Hope's Scope 3 Emissions by Categories
Insights into New Hope’s GHG Emissions Intensity Compared to Industry Peers
In 2023, New Hope reported Scope 1 greenhouse gas (GHG) emissions of 595,100 tCO₂e and total revenues of USD 1,814 millions. This translates into an emissions intensity of 328.03 tCO₂e per millions USD. a
New Hope's Scope 1 Emissions Intensity Compared to Peers
How does New Hope's GHG emissions intensity compare to its peers?
In 2023, New Hope reported a Scope 1 emissions intensity of 328.03 tCO₂e per millions USD. Compared to the peer group median of 362.57, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does New Hope rank on GHG emissions intensity within its industry?
In 2023, New Hope ranked 11 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
New Hope is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into New Hope's Total Carbon Footprint
In 2023, New Hope reported a total carbon footprint of 28,059,559 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3,306.39% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to New Hope's total carbon footprint was Scope 3 emissions, accounting for 97.67% of the company's total carbon footprint, followed by Scope 1 emissions at 2.12%. a