In 2023, Tong Hsing 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, Tong Hsing has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 |
|---|---|---|
Total Scope 1 | 717.975a | 803.502b |
Total Scope 2 | ||
Unspecified Calculation Method | 62,880.744a | 60,286.069b |
Total Scope 3 | 24,148.497a | 19,749.658b |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.9012a | 1.7547b |
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In 2023, the total operational greenhouse gas (GHG) emissions of Tong Hsing amounted to 63,598.719 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 Tong Hsing increased by 4.11%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2023, the total Scope 1 emissions of Tong Hsing were 717.975 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), Tong Hsing's Scope 1 emissions decreased by 10.64%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2023, Tong Hsing reported Scope 2 greenhouse gas (GHG) emissions of 62,880.744 tCO₂e without specifying the calculation method.a
Compared to the previous year (2022), Tong Hsing's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Tong Hsing's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2023, Tong Hsing reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Tong Hsing reported 24,148.497 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 Tong Hsing 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
In 2023, Tong Hsing reported total Scope 3 emissions of 24,148.497 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), Tong Hsing's Scope 3 emissions increased by 22.27%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2023, Tong Hsing reported Scope 1 greenhouse gas (GHG) emissions of 717.975 tCO₂e and total revenues of USD 378 millions. This translates into an emissions intensity of 1.9 tCO₂e per millions USD.a
In 2023, Tong Hsing reported a Scope 1 emissions intensity of 1.9 tCO₂e per millions USD. Compared to the peer group median of 1.17, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Tong Hsing ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Tong Hsing is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, Tong Hsing reported a total carbon footprint of 87,747.216 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.55% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Tong Hsing's total carbon footprint was Scope 2 emissions, accounting for 71.66% of the company's total carbon footprint, followed by Scope 3 emissions at 27.52%.a