Shenzhen Inovance Technology Co Ltd

Common Name
Shenzhen Inovance Technology
Country
China (Mainland)
Sector
Industrials
Industry
Electrical Equipment & Parts
Employees
24,445
Ticker
300124
Exchange
SHENZHEN STOCK EXCHANGE
Description
Shenzhen Inovance Technology Co., Ltd. is a leading player in the international industrial automation sector. As a prominent high-tech enterprise, it specializes in the development, manufacturing, and...

Shenzhen Inovance Technology's Climate Target Data Preview

As of 2023, Shenzhen Inovance Technology has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Shenzhen Inovance Technology ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Renminbi/Chinese Yuan (RMB) of Revenue
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2028

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Insights into Shenzhen Inovance Technology's Greenhouse Gas Emissions Pathways

As of 2023, Shenzhen Inovance Technology has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.

Does Shenzhen Inovance Technology have a target to reduce the emissions from its operations?

As of 2023, Shenzhen Inovance Technology has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Shenzhen Inovance Technology's most ambitious operational target is to reduce these emissions by 35% by 2028, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Renminbi/Chinese Yuan (RMB) of Revenue in 2021.

Instead of reducing operational emissions, Shenzhen Inovance Technology has increased them, with 2023 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target.

Shenzhen Inovance Technology's Operational (Scope 1+2) Emissions Pathway

20212023202800000BaselineCurrent (+12%)Target 2028 (-35%)
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