In 2023, Shin Zu Shing 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).
Shin Zu Shing has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 676.353a | 1,408.718a | 980.119a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 23,899.623a | 28,431.353a | 28,599.227a | |
Total Scope 3 | 66,907.455a | 41,803.581a | 5,098.215b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.0609a | 3.6609a | 2.238a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Shin Zu Shing amounted to 24,575.976 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 Shin Zu Shing decreased by 17.64%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2023, the total Scope 1 emissions of Shin Zu Shing were 676.353 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Shin Zu Shing's Scope 1 emissions have decreased by 30.99%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), Shin Zu Shing's Scope 1 emissions decreased by 51.99%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, Shin Zu Shing reported Scope 2 greenhouse gas (GHG) emissions of 23,899.623 tCO₂e without specifying the calculation method.a
Since 2021, Shin Zu Shing's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 16.43%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2022), Shin Zu Shing's Scope 2 emissions (Unspecified Calculation Method) fell by 15.94% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2023, Shin Zu Shing reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Shin Zu Shing reported 66,907.455 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 Shin Zu Shing includes a breakdown across 9 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
In 2023, Shin Zu Shing reported total Scope 3 emissions of 66,907.455 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
Since 2021, Shin Zu Shing's Scope 3 emissions have increased by 1,212.37%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2022), Shin Zu Shing's Scope 3 emissions increased by 60.05%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2023, Shin Zu Shing reported emissions for 9 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 2023, the largest contributors to Shin Zu Shing's Scope 3 emissions were:a
In 2023, Shin Zu Shing reported Scope 1 greenhouse gas (GHG) emissions of 676.353 tCO₂e and total revenues of USD 328 millions. This translates into an emissions intensity of 2.06 tCO₂e per millions USD.a
In 2023, Shin Zu Shing reported a Scope 1 emissions intensity of 2.06 tCO₂e per millions USD. Compared to the peer group median of 23.33, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Shin Zu Shing ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Shin Zu Shing among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2023, Shin Zu Shing reported a total carbon footprint of 91,483.431 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 27.69% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Shin Zu Shing's total carbon footprint was Scope 3 emissions, accounting for 73.14% of the company's total carbon footprint, followed by Scope 2 emissions at 26.12%.a