Shenzhen Megmeet Electrical Co Ltd

Common Name
Shenzhen Megmeet Electrical
Country
China (Mainland)
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
7,624
Ticker
002851
Exchange
SHENZHEN STOCK EXCHANGE
Description
Shenzhen Megmeet Electrical Co., Ltd. is a company engaged in the development, manufacturing, and marketing of power supply and automation solutions. Specializing in the production of electrical contr...

Shenzhen Megmeet Electrical's GHG Emissions Data Preview

In 2023, Shenzhen Megmeet Electrical 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, Shenzhen Megmeet Electrical has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 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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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Shenzhen Megmeet Electrical’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Shenzhen Megmeet Electrical’s data sources below and access millions more through our Disclosure Search.

a. Shenzhen Megmeet Electrical's ESG Report 2023
a. Shenzhen Megmeet Electrical's ESG Report 2023

Insights into Shenzhen Megmeet Electrical's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Shenzhen Megmeet Electrical amounted to 22,480 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 2022, the total operational greenhouse gas (GHG) emissions of Shenzhen Megmeet Electrical increased by 29.61%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Shenzhen Megmeet Electrical's Scope 1 Emissions Over Time

20212022202303006009001.2 ktCO2e+23%+23%
  • Total Scope 1
  • Year-over-Year Change

What are Shenzhen Megmeet Electrical's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Shenzhen Megmeet Electrical were 1,200 metric tons of CO₂ equivalent (tCO₂e). a

Has Shenzhen Megmeet Electrical reduced its Scope 1 emissions over time?

Since 2021, Shenzhen Megmeet Electrical's Scope 1 emissions have increased by 51.94%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Shenzhen Megmeet Electrical's Scope 1 emissions increased by 23.06%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Shenzhen Megmeet Electrical's Scope 2 emissions?

In 2023, Shenzhen Megmeet Electrical reported Scope 2 greenhouse gas (GHG) emissions of 21,280 tCO₂e without specifying the calculation method. a

Has Shenzhen Megmeet Electrical reduced its Scope 2 emissions over time?

Since 2021, Shenzhen Megmeet Electrical's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 84%, reflecting a rising long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Shenzhen Megmeet Electrical's Scope 2 emissions (Unspecified Calculation Method) rose by 30% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Shenzhen Megmeet Electrical use for Scope 2 reporting?

In 2023, Shenzhen Megmeet Electrical reported its Scope 2 emissions using an unspecified methodology. a

Shenzhen Megmeet Electrical's Scope 2 Emissions Over Time

20212022202305.5 k11 k16.5 k22 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Shenzhen Megmeet Electrical's Value Chain Emissions

In 2023, Shenzhen Megmeet Electrical reported 1,518,900 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 2023 disclosure of Shenzhen Megmeet Electrical includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Shenzhen Megmeet Electrical's Scope 3 Emissions Over Time

2021202220230400 k800 k1.2 M1.6 MtCO2e+46%+23%
  • Total Scope 3
  • Year-over-Year Change

What are Shenzhen Megmeet Electrical's Scope 3 emissions?

In 2023, Shenzhen Megmeet Electrical reported total Scope 3 emissions of 1,518,900 metric tons of CO₂ equivalent (tCO₂e). a

Has Shenzhen Megmeet Electrical reduced its Scope 3 emissions over time?

Since 2021, Shenzhen Megmeet Electrical's Scope 3 emissions have increased by 79.97%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Shenzhen Megmeet Electrical's Scope 3 emissions increased by 23%, suggesting that the company faced challenges in reducing emissions across its value chain. a

Insights into Shenzhen Megmeet Electrical’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Shenzhen Megmeet Electrical reported Scope 1 greenhouse gas (GHG) emissions of 1,200 tCO₂e and total revenues of USD 950 millions. This translates into an emissions intensity of 1.26 tCO₂e per millions USD. a

Shenzhen Megmeet Electrical's Scope 1 Emissions Intensity Compared to Peers

1001,00020,000500,0005,000,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)LXQHMCSHHKLLLead IntelligentYear: 2023Scope 1: 1,153 tCO2eRevenue: $M 2,340Scope 1 Intensity: 0.49 tCO2e/$MZhefu Holding GroupYear: 2023Scope 1: 197,105 tCO2eRevenue: $M 2,666Scope 1 Intensity: 73.92 tCO2e/$MHaitian International HoldingsYear: 2024Scope 1: 3,679 tCO2eRevenue: $M 2,406Scope 1 Intensity: 1.53 tCO2e/$MShanghai Electric GroupYear: 2024Scope 1: 86,106 tCO2eRevenue: $M 15,920Scope 1 Intensity: 5.41 tCO2e/$MNARI TechnologyYear: 2023Scope 1: 1,692 tCO2eRevenue: $M 7,257Scope 1 Intensity: 0.23 tCO2e/$MXXXinjiang Daqo New EnergyYear: 2023Scope 1: 290 tCO2eRevenue: $M 2,297Scope 1 Intensity: 0.13 tCO2e/$MGoldwind Science & TechnologyYear: 2024Scope 1: 17,334 tCO2eRevenue: $M 7,769Scope 1 Intensity: 2.23 tCO2e/$MZPMCYear: 2023Scope 1: 153,205 tCO2eRevenue: $M 4,634Scope 1 Intensity: 33.06 tCO2e/$MShenzhen Envicool TechnologyYear: 2023Scope 1: 1,073 tCO2eRevenue: $M 497Scope 1 Intensity: 2.16 tCO2e/$MQQQingdao Port InternationalYear: 2024Scope 1: 134,823 tCO2eRevenue: $M 2,595Scope 1 Intensity: 51.95 tCO2e/$MYangzijiang Shipbuilding (Holdings)Year: 2024Scope 1: 76,235 tCO2eRevenue: $M 648Scope 1 Intensity: 117.57 tCO2e/$MHHHongyuan Green EnergyYear: 2023Scope 1: 8,785 tCO2eRevenue: $M 1,669Scope 1 Intensity: 5.26 tCO2e/$MNingbo Orient Wires & CablesYear: 2023Scope 1: 758 tCO2eRevenue: $M 1,029Scope 1 Intensity: 0.74 tCO2e/$MSany Renewable EnergyYear: 2023Scope 1: 21,489 tCO2eRevenue: $M 2,102Scope 1 Intensity: 10.22 tCO2e/$MMMMing Yang Smart Energy GroupYear: 2024Scope 1: 7,662 tCO2eRevenue: $M 3,721Scope 1 Intensity: 2.06 tCO2e/$MCCChina Merchants Expressway Network & Technology HoldingsYear: 2023Scope 1: 7,334 tCO2eRevenue: $M 1,369Scope 1 Intensity: 5.36 tCO2e/$MJiangsu Hengli HydraulicYear: 2023Scope 1: 34,573 tCO2eRevenue: $M 1,264Scope 1 Intensity: 27.35 tCO2e/$MSSShandong Hi-speedYear: 2023Scope 1: 367,058 tCO2eRevenue: $M 3,735Scope 1 Intensity: 98.27 tCO2e/$MHHHangzhou Oxygen Plant GroupYear: 2023Scope 1: 12,052 tCO2eRevenue: $M 1,873Scope 1 Intensity: 6.44 tCO2e/$MHHHan's LaserYear: 2023Scope 1: 322 tCO2eRevenue: $M 1,982Scope 1 Intensity: 0.16 tCO2e/$MSanhua Intelligent ControlsYear: 2023Scope 1: 1,496,347 tCO2eRevenue: $M 3,455Scope 1 Intensity: 433.04 tCO2e/$MKKKeda Industrial GroupYear: 2024Scope 1: 1,204,242 tCO2eRevenue: $M 242Scope 1 Intensity: 4,966.48 tCO2e/$MShenzhen Megmeet ElectricalYear: 2023Scope 1: 1,200 tCO2eRevenue: $M 950Scope 1 Intensity: 1.26 tCO2e/$M

How does Shenzhen Megmeet Electrical's GHG emissions intensity compare to its peers?

In 2023, Shenzhen Megmeet Electrical reported a Scope 1 emissions intensity of 1.26 tCO₂e per millions USD. Compared to the peer group median of 5.38 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Shenzhen Megmeet Electrical rank on GHG emissions intensity within its industry?

In 2023, Shenzhen Megmeet Electrical ranked 6 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Shenzhen Megmeet Electrical is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Shenzhen Megmeet Electrical's Total Carbon Footprint

In 2023, Shenzhen Megmeet Electrical reported a total carbon footprint of 1,541,380 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 23.09% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Shenzhen Megmeet Electrical's total carbon footprint was Scope 3 emissions, accounting for 98.54% of the company's total carbon footprint, followed by Scope 2 emissions at 1.38%. a

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