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Sungrow Power Supply Co Ltd

Common Name
Sungrow Power Supply
Country
China (Mainland)
Sector
Industrials
Industry
Electrical Equipment & Parts
Employees
17,305
Ticker
300274
Exchange
SHENZHEN STOCK EXCHANGE
Description
Sungrow Power Supply Co., Ltd. is a leading global provider in the renewable energy sector, specializing in solar photovoltaic (PV) inverters. The company focuses on supplying advanced power conversio...

Sungrow Power Supply's GHG Emissions Data Preview

In 2024, Sungrow Power Supply 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).

Sungrow Power Supply 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)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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a
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
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a
0000000
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Verified Sources Behind Sungrow Power Supply’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 Sungrow Power Supply’s data sources below and access millions more through our Disclosure Search.

a. Sungrow Power Supply's Sustainability Report 2024
a. Sungrow Power Supply's Sustainability Report 2024
b. Sungrow Power Supply's Sustainability Report 2023
b. Sungrow Power Supply's Sustainability Report 2023

Insights into Sungrow Power Supply's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSungrow Power Supply amounted to123,913metric 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 Sungrow Power Supplyincreased by 164.76%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Sungrow Power Supply's Scope 1 Emissions Over Time

202120222023202402 k4 k6 k8 ktCO2e+49%+10%+69%
  • Total Scope 1
  • Year-over-Year Change

What are Sungrow Power Supply's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Sungrow Power Supply were 6,426 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Sungrow Power Supply reduced its Scope 1 emissions over time?

Since 2021, Sungrow Power Supply's Scope 1 emissions have increased by 176.63%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Sungrow Power Supply's Scope 1 emissions increased by 68.84%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Sungrow Power Supply's Scope 2 emissions?

In 2024, Sungrow Power Supply reported Scope 2 greenhouse gas (GHG) emissions of 40,061 tCOâ‚‚e using the market-based method and 117,487 tCOâ‚‚e using the location-based method.a

Has Sungrow Power Supply reduced its Scope 2 emissions over time?

Compared to the previous year(2023), Sungrow Power Supply's Scope 2 emissions(Location-Based) rose by 173.25% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does Sungrow Power Supply use for Scope 2 reporting?

In 2024, Sungrow Power Supply reported its Scope 2 emissions using the market-based method and using the location-based method.a

Sungrow Power Supply's Scope 2 Emissions Over Time

2021202220232024030 k60 k90 k120 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Sungrow Power Supply's Value Chain Emissions

In 2024, Sungrow Power Supply reported 9,062,835 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Sungrow Power Supply includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,up from 7 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Sungrow Power Supply's Scope 3 Emissions Over Time

2023202402.5 M5 M7.5 M10 MtCO2e+1%
  • Total Scope 3
  • Year-over-Year Change

What are Sungrow Power Supply's Scope 3 emissions?

In 2024, Sungrow Power Supply reported total Scope 3 emissions of 9,062,835 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 95.31%of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.69%came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2023), Sungrow Power Supply's Scope 3 emissions remained relatively stable, indicating that Sungrow Power Supply's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Sungrow Power Supply disclose?

In 2024, Sungrow Power Supply 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.

What are the main sources of Sungrow Power Supply's Scope 3 emissions?

In 2024, the largest contributors to Sungrow Power Supply's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 8,491,155 tCOâ‚‚e(93.69%)
  • Use of Sold Products (Cat. 11): 367,121 tCOâ‚‚e(4.05%)
  • Upstream Transportation and Distribution (Cat. 4): 90,481 tCOâ‚‚e(1%)

Sungrow Power Supply's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(4.1%)Purchased Goods andServices (Cat. 1)(93.7%)

Insights into Sungrow Power Supply’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Sungrow Power Supply reported Scope 1 greenhouse gas (GHG) emissions of 6,426 tCOâ‚‚e and total revenues of USD 10,667 millions. This translates into an emissions intensity of 0.6 tCOâ‚‚e per millions USD.a

Sungrow Power Supply's Scope 1 Emissions Intensity Compared to Peers

1002,000100,0005,000,000100,000,000Scope 1 Emissions (tCO2e)1005005,00020,000100,000Revenues (Millions of USD)JHGQXZSCTGHXJJJiangsu Zhongtian TechnologyYear: 2023Scope 1: 42,600 tCO2eRevenue: $M 6,341Scope 1 Intensity: 6.72 tCO2e/$MSunwoda ElectronicYear: 2024Scope 1: 110,218 tCO2eRevenue: $M 7,676Scope 1 Intensity: 14.36 tCO2e/$MEaspringYear: 2023Scope 1: 7,855 tCO2eRevenue: $M 2,128Scope 1 Intensity: 3.69 tCO2e/$MContemporary Amperex TechnologyYear: 2024Scope 1: 2,401,702 tCO2eRevenue: $M 49,604Scope 1 Intensity: 48.42 tCO2e/$MWolong Electric GroupYear: 2024Scope 1: 2,864 tCO2eRevenue: $M 2,226Scope 1 Intensity: 1.29 tCO2e/$MHHHongfa TechnologyYear: 2024Scope 1: 9,187 tCO2eRevenue: $M 1,932Scope 1 Intensity: 4.75 tCO2e/$MGGGotion High techYear: 2024Scope 1: 248,513 tCO2eRevenue: $M 4,849Scope 1 Intensity: 51.25 tCO2e/$MChina Southern Power Grid TechnologyYear: 2024Scope 1: 369 tCO2eRevenue: $M 413Scope 1 Intensity: 0.89 tCO2e/$MCALB GroupYear: 2024Scope 1: 279,316 tCO2eRevenue: $M 4,142Scope 1 Intensity: 67.44 tCO2e/$MGinlong TechnologiesYear: 2023Scope 1: 1,181 tCO2eRevenue: $M 858Scope 1 Intensity: 1.38 tCO2e/$MQQQingdao TGOOD ElectricYear: 2024Scope 1: 5,210 tCO2eRevenue: $M 2,107Scope 1 Intensity: 2.47 tCO2e/$MXXXTC New Energy MaterialsYear: 2024Scope 1: 40,194 tCO2eRevenue: $M 1,822Scope 1 Intensity: 22.06 tCO2e/$MZZZhejiang Chint ElectricsYear: 2024Scope 1: 3,213 tCO2eRevenue: $M 8,841Scope 1 Intensity: 0.36 tCO2e/$MSUPCON TechnologyYear: 2023Scope 1: 1,050 tCO2eRevenue: $M 1,213Scope 1 Intensity: 0.87 tCO2e/$MZhejiang Narada Power SourceYear: 2023Scope 1: 333 tCO2eRevenue: $M 2,064Scope 1 Intensity: 0.16 tCO2e/$MSSState Grid YingdaYear: 2024Scope 1: 675 tCO2eRevenue: $M 1,547Scope 1 Intensity: 0.44 tCO2e/$MShenzhen Inovance TechnologyYear: 2024Scope 1: 4,092 tCO2eRevenue: $M 5,075Scope 1 Intensity: 0.81 tCO2e/$MCCChina XD ElectricYear: 2024Scope 1: 18,329 tCO2eRevenue: $M 3,053Scope 1 Intensity: 6.00 tCO2e/$MNingbo Orient Wires & CablesYear: 2024Scope 1: 538 tCO2eRevenue: $M 1,246Scope 1 Intensity: 0.43 tCO2e/$MTTTbeaYear: 2024Scope 1: 21,620,963 tCO2eRevenue: $M 13,410Scope 1 Intensity: 1,612.32 tCO2e/$MGGGoneo GroupYear: 2024Scope 1: 3,325 tCO2eRevenue: $M 2,306Scope 1 Intensity: 1.44 tCO2e/$MHHHenan Pinggao ElectricYear: 2024Scope 1: 10,671 tCO2eRevenue: $M 1,699Scope 1 Intensity: 6.28 tCO2e/$MXXXj ElectricYear: 2024Scope 1: 2,100 tCO2eRevenue: $M 2,342Scope 1 Intensity: 0.90 tCO2e/$MZhuhai CosMX BatteryYear: 2024Scope 1: 35,976 tCO2eRevenue: $M 1,581Scope 1 Intensity: 22.75 tCO2e/$MEVE EnergyYear: 2024Scope 1: 102,465 tCO2eRevenue: $M 6,661Scope 1 Intensity: 15.38 tCO2e/$MSungrow Power SupplyYear: 2024Scope 1: 6,426 tCO2eRevenue: $M 10,667Scope 1 Intensity: 0.60 tCO2e/$M

How does Sungrow Power Supply's GHG emissions intensity compare to its peers?

In 2024, Sungrow Power Supply reported a Scope 1 emissions intensity of 0.6 tCOâ‚‚e per millions USD. Compared to the peer group median of 3.69, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Sungrow Power Supply rank on GHG emissions intensity within its industry?

In 2024, Sungrow Power Supply ranked 5 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Sungrow Power Supply among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Sungrow Power Supply's Total Carbon Footprint

In 2024, Sungrow Power Supply reported a total carbon footprint of 9,186,748 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.07% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Sungrow Power Supply's total carbon footprint was Scope 3 emissions, accounting for 98.65% of the company's total carbon footprint, followed by Scope 2 emissions at 1.28%.a

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