In 2024, Shenwan Hongyuan 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).
However, Shenwan Hongyuan Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 498.19a | 442.9a | 429.9a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 11,168.79a | 13,333.65a | 10,400.31a | |
Total Scope 3 | 4,618.8a | 17,286.79a | 2,213.07a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.1508a | 0.1505a | 0.1508a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Shenwan Hongyuan Group amounted to 11,666.98 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 Shenwan Hongyuan Group decreased by 15.31%, 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 Shenwan Hongyuan Group were 498.19 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Shenwan Hongyuan Group's Scope 1 emissions have increased by 15.89%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Shenwan Hongyuan Group's Scope 1 emissions increased by 12.48%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Shenwan Hongyuan Group reported Scope 2 greenhouse gas (GHG) emissions of 11,168.79 tCO₂e without specifying the calculation method.a
Since 2022, Shenwan Hongyuan Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Shenwan Hongyuan Group's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Shenwan Hongyuan Group's Scope 2 emissions (Unspecified Calculation Method) fell by 16.24% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Shenwan Hongyuan Group reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Shenwan Hongyuan Group reported 4,618.8 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 Shenwan Hongyuan Group includes a breakdown across 0 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, Shenwan Hongyuan Group reported total Scope 3 emissions of 4,618.8 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Shenwan Hongyuan Group's Scope 3 emissions have increased by 108.71%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Shenwan Hongyuan Group's Scope 3 emissions decreased by 73.28%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Shenwan Hongyuan Group reported Scope 1 greenhouse gas (GHG) emissions of 498.19 tCO₂e and total revenues of USD 3,304 millions. This translates into an emissions intensity of 0.15 tCO₂e per millions USD.a
In 2024, Shenwan Hongyuan Group reported a Scope 1 emissions intensity of 0.15 tCO₂e per millions USD. Compared to the peer group median of 0.28, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Shenwan Hongyuan Group ranked 8 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Shenwan Hongyuan Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Shenwan Hongyuan Group reported a total carbon footprint of 16,285.78 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 47.57% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Shenwan Hongyuan Group's total carbon footprint was Scope 2 emissions, accounting for 68.58% of the company's total carbon footprint, followed by Scope 3 emissions at 28.36%.a