In 2024, Ningbo Orient Wires & Cables 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).
Ningbo Orient Wires & Cables has also provided a category-level breakdown for 12 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 | 538.18a | 682.9a | 435.79a | |
Total Scope 2 | ||||
Market-Based | 0a | N/A | N/A | |
Location-Based | 2,788.87a | N/A | N/A | |
Unspecified Calculation Method | N/A | 33,194.57a | 31,628.47a | |
Total Scope 3 | 2,788,730.71a | 2,722,314.63a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.432a | 0.6639a | 0.4329a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Ningbo Orient Wires & Cables amounted to 3,327.05 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 Ningbo Orient Wires & Cables decreased by 90.18%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Ningbo Orient Wires & Cables were 538.18 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Ningbo Orient Wires & Cables's Scope 1 emissions have increased by 23.5%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Ningbo Orient Wires & Cables's Scope 1 emissions decreased by 21.19%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Ningbo Orient Wires & Cables reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 2,788.87 tCO₂e using the location-based method.a
In 2024, Ningbo Orient Wires & Cables reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Ningbo Orient Wires & Cables reported 2,788,730.71 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 Ningbo Orient Wires & Cables includes a breakdown across 12 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, Ningbo Orient Wires & Cables reported total Scope 3 emissions of 2,788,730.71 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 28.27% of these emissions originated from upstream activities such as purchased goods and capital goods, while 71.73% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Ningbo Orient Wires & Cables's Scope 3 emissions remained relatively stable, indicating that Ningbo Orient Wires & Cables's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Ningbo Orient Wires & Cables reported emissions for 12 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 Ningbo Orient Wires & Cables's Scope 3 emissions were:a
In 2024, Ningbo Orient Wires & Cables reported Scope 1 greenhouse gas (GHG) emissions of 538.18 tCO₂e and total revenues of USD 1,246 millions. This translates into an emissions intensity of 0.43 tCO₂e per millions USD.a
In 2024, Ningbo Orient Wires & Cables reported a Scope 1 emissions intensity of 0.43 tCO₂e per millions USD. Compared to the peer group median of 1.44, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Ningbo Orient Wires & Cables ranked 2 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Ningbo Orient Wires & Cables among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Ningbo Orient Wires & Cables reported a total carbon footprint of 2,792,057.76 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.3% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Ningbo Orient Wires & Cables's total carbon footprint was Scope 3 emissions, accounting for 99.88% of the company's total carbon footprint, followed by Scope 2 emissions at 0.1%.a