TCL Zhonghuan Renewable Energy Technology Co Ltd

Common Name
TCL Zhonghuan
Country
China (Mainland)
Sector
Technology
Industry
Semiconductor Equipment & Materials
Employees
14,015
Ticker
002129
Exchange
SHENZHEN STOCK EXCHANGE
Description
TCL Zhonghuan Renewable Energy Technology Co., Ltd. is a prominent entity in the renewable energy sector, primarily focusing on the development and manufacturing of photovoltaic products. The company ...

TCL Zhonghuan's GHG Emissions Data Preview

In 2023, 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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into TCL Zhonghuan's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of TCL Zhonghuan amounted to 4,603,569.97 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of TCL Zhonghuan increased by 38.54%, suggesting that the company faced challenges in reducing its emissions from its core operations.

TCL Zhonghuan's Scope 1 Emissions Over Time

202120222023010 k20 k30 k40 ktCO2e+77%+20%
  • Total Scope 1
  • Year-over-Year Change

What are TCL Zhonghuan's Scope 1 emissions?

In 2023, the total Scope 1 emissions of TCL Zhonghuan were 38,515.32 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has TCL Zhonghuan reduced its Scope 1 emissions over time?

Since 2021, TCL Zhonghuan's Scope 1 emissions have increased by 112.03%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), TCL Zhonghuan's Scope 1 emissions increased by 19.94%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are TCL Zhonghuan's Scope 2 emissions?

In 2023, TCL Zhonghuan reported Scope 2 greenhouse gas (GHG) emissions of 4,508,402.76 tCOâ‚‚e using the market-based method, and 4,565,054.65 tCOâ‚‚e using the location-based method.

Has TCL Zhonghuan reduced its Scope 2 emissions over time?

Since 2021, TCL Zhonghuan's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 82.77%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), TCL Zhonghuan's Scope 2 emissions (Location-Based) rose by 38.72% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does TCL Zhonghuan use for Scope 2 reporting?

In 2023, TCL Zhonghuan reported its Scope 2 emissions using the market-based method and using the location-based method.

TCL Zhonghuan's Scope 2 Emissions Over Time

20212022202301.5 M3 M4.5 M6 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into TCL Zhonghuan's Value Chain Emissions

In 2023, TCL Zhonghuan reported 21,128,458.45 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of TCL Zhonghuan includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

TCL Zhonghuan's Scope 3 Emissions Over Time

202305.5 M11 M16.5 M22 MtCO2e
  • Total Scope 3
  • Year-over-Year Change

What are TCL Zhonghuan's Scope 3 emissions?

In 2023, TCL Zhonghuan reported total Scope 3 emissions of 21,128,458.45 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 89.75% of these emissions originated from upstream activities such as purchased goods and capital goods, while 10.25% came from downstream activities like product use, distribution, and end-of-life treatment.

What categories of Scope 3 emissions does TCL Zhonghuan disclose?

In 2023, TCL Zhonghuan reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of TCL Zhonghuan's Scope 3 emissions?

In 2023, the largest contributors to TCL Zhonghuan's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 16,818,252.926 tCOâ‚‚e (79.6%)
  • Fuel- and Energy-Related Services (Cat. 3): 2,049,460.47 tCOâ‚‚e (9.7%)
  • Processing of Sold Products (Cat. 10): 1,901,561.261 tCOâ‚‚e (9%)

TCL Zhonghuan's Scope 3 Emissions by Categories

Processing of SoldProducts (Cat. 10)(9.0%)Purchased Goods andServices (Cat. 1)(79.6%)Fuel- andEnergy-RelatedServices (Cat. 3)(9.7%)

Insights into TCL Zhonghuan's Total Carbon Footprint

In 2023, TCL Zhonghuan reported a total carbon footprint of 25,732,028.42 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 674.38% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to TCL Zhonghuan's total carbon footprint was Scope 3 emissions, accounting for 82.11% of the company's total carbon footprint, followed by Scope 2 emissions at 17.74%.