Seres Group Co Ltd

Common Name
Seres Group
Country
China (Mainland)
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Employees
18,838
Ticker
601127
Exchange
SHANGHAI STOCK EXCHANGE
Description
Seres Group Co., Ltd. is a prominent entity in the automotive industry, primarily engaged in the research, development, manufacturing, and sale of vehicles. This company is especially recognized for i...

Seres Group's GHG Emissions Data Preview

In 2023, Seres 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).

Seres Group has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Seres Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Seres Group amounted to 151,532.28 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Seres Group decreased by 22.58%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Seres Group's Scope 1 Emissions Over Time

20222023015 k30 k45 k60 ktCO2e-15%
  • Total Scope 1
  • Year-over-Year Change

What are Seres Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Seres Group were 47,756.19 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Compared to the previous year (2022), Seres Group's Scope 1 emissions decreased by 15.23%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Seres Group's Scope 2 emissions?

In 2023, Seres Group reported Scope 2 greenhouse gas (GHG) emissions of 103,776.09 tCOâ‚‚e without specifying the calculation method.

Has Seres Group reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Seres Group's Scope 2 emissions (Unspecified Calculation Method) fell by 25.56% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Seres Group use for Scope 2 reporting?

In 2023, Seres Group reported its Scope 2 emissions using an unspecified methodology.

Seres Group's Scope 2 Emissions Over Time

20222023035 k70 k105 k140 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Seres Group's Value Chain Emissions

In 2023, Seres Group reported 33,436.87 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Seres Group includes a breakdown across 1 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

Seres Group's Scope 3 Emissions Over Time

202308.5 k17 k25.5 k34 ktCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Seres Group's Scope 3 emissions?

In 2023, Seres Group reported total Scope 3 emissions of 33,436.87 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

What categories of Scope 3 emissions does Seres Group disclose?

In 2023, Seres Group reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Seres Group's Scope 3 emissions?

In 2023, the largest contributors to Seres Group's Scope 3 emissions were:

  • Fuel- and Energy-Related Services (Cat. 3): 33,436.87 tCOâ‚‚e (100%)

Seres Group's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(100.0%)

Insights into Seres Group's Total Carbon Footprint

In 2023, Seres Group reported a total carbon footprint of 184,969.15 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.5% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Seres Group's total carbon footprint was Scope 2 emissions, accounting for 56.1% of the company's total carbon footprint, followed by Scope 1 emissions at 25.82%.