In 2024, TCL Zhonghuan 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).
TCL Zhonghuan has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 51,619.32a | 37,935.56a | 32,112.58a | |
Total Scope 2 | ||||
Market-Based | 3,012,843.4a | 4,508,402.76a | N/A | |
Location-Based | 4,887,263.05a | 4,551,401.98a | 3,290,802.45a | |
Total Scope 3 | 16,851,046.46a | 21,131,028.76b | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 13.2563a | 4.5583a | 3.3369a |
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In 2024, the total operational greenhouse gas (GHG) emissions of TCL Zhonghuan amounted to 4,938,882.37 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 2023, the total operational greenhouse gas (GHG) emissions of TCL Zhonghuan increased by 7.62%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of TCL Zhonghuan were 51,619.32 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, TCL Zhonghuan's Scope 1 emissions have increased by 184.17%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), TCL Zhonghuan's Scope 1 emissions increased by 36.07%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, TCL Zhonghuan reported Scope 2 greenhouse gas (GHG) emissions of 3,012,843.4 tCO₂e using the market-based method and 4,887,263.05 tCO₂e using the location-based method.a
Since 2021, TCL Zhonghuan's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 95.67%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), TCL Zhonghuan's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that TCL Zhonghuan's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, TCL Zhonghuan reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, TCL Zhonghuan reported 16,851,046.46 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 2024 disclosure of TCL Zhonghuan includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, TCL Zhonghuan reported total Scope 3 emissions of 16,851,046.46 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 89.52% of these emissions originated from upstream activities such as purchased goods and capital goods, while 10.48% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), TCL Zhonghuan's Scope 3 emissions decreased by 20.25%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, TCL Zhonghuan reported emissions for 5 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 2024, the largest contributors to TCL Zhonghuan's Scope 3 emissions were:a
In 2024, TCL Zhonghuan reported Scope 1 greenhouse gas (GHG) emissions of 51,619.32 tCO₂e and total revenues of USD 3,894 millions. This translates into an emissions intensity of 13.26 tCO₂e per millions USD.a
In 2024, TCL Zhonghuan reported a Scope 1 emissions intensity of 13.26 tCO₂e per millions USD. Compared to the peer group median of 1.71, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, TCL Zhonghuan ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places TCL Zhonghuan among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, TCL Zhonghuan reported a total carbon footprint of 21,789,928.83 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.28% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to TCL Zhonghuan's total carbon footprint was Scope 3 emissions, accounting for 77.33% of the company's total carbon footprint, followed by Scope 2 emissions at 22.43%.a