In 2025, Shenzhen Inovance Technology 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).
Shenzhen Inovance Technology has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,890.51a | 4,091.56a | 1,807.9a | |
Total Scope 2 | ||||
Market-Based | 200,579.1a | 154,510.62a | 130,662.21a | |
Location-Based | 194,831.55a | 145,330.93a | 122,716.43a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 7,302,314.6a | 7,848,603.14a | 1,767,455b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.6039a | 0.8062a | 0.4224a |
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In 2025, the total operational greenhouse gas (GHG) emissions of Shenzhen Inovance Technology amounted to 198,722.06 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 2024, the total operational greenhouse gas (GHG) emissions of Shenzhen Inovance Technology increased by 32.99%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2025, the total Scope 1 emissions of Shenzhen Inovance Technology were 3,890.51 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Shenzhen Inovance Technology's Scope 1 emissions have increased by 108.66%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2024), Shenzhen Inovance Technology's Scope 1 emissions decreased by 4.91%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2025, Shenzhen Inovance Technology reported Scope 2 greenhouse gas (GHG) emissions of 200,579.1 tCO₂e using the market-based method and 194,831.55 tCO₂e using the location-based method.a
Compared to the previous year (2024), Shenzhen Inovance Technology's Scope 2 emissions (Location-Based) rose by 34.06% in 2025, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2025, Shenzhen Inovance Technology reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, Shenzhen Inovance Technology reported 7,302,314.6 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 2025 disclosure of Shenzhen Inovance Technology includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, Shenzhen Inovance Technology reported total Scope 3 emissions of 7,302,314.6 metric tons of CO₂ equivalent (tCO₂e).a
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.a
Compared to the previous year (2024), Shenzhen Inovance Technology's Scope 3 emissions remained relatively stable, indicating that Shenzhen Inovance Technology's emissions have plateaued with no significant change in its value chain footprint.a
In 2025, Shenzhen Inovance Technology reported emissions for 8 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.
In 2025, the largest contributors to Shenzhen Inovance Technology's Scope 3 emissions were:a
In 2025, Shenzhen Inovance Technology reported Scope 1 greenhouse gas (GHG) emissions of 3,890.51 tCO₂e and total revenues of USD 6,442 millions. This translates into an emissions intensity of 0.6 tCO₂e per millions USD.a
In 2025, Shenzhen Inovance Technology reported a Scope 1 emissions intensity of 0.6 tCO₂e per millions USD. Compared to the peer group median of 2.87, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, Shenzhen Inovance Technology ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Shenzhen Inovance Technology is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2025, Shenzhen Inovance Technology reported a total carbon footprint of 7,501,036.66 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.21% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Shenzhen Inovance Technology's total carbon footprint was Scope 3 emissions, accounting for 97.35% of the company's total carbon footprint, followed by Scope 2 emissions at 2.6%.a