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Tongwei Co Ltd
Tongwei's GHG Emissions Data Preview
In 2024, Tongwei 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).
Tongwei has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Tongwei’s Greenhouse Gas (GHG) Emissions Data
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Insights into Tongwei's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofTongwei amounted to22,473,436.53metric 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 Tongweiincreased by 47.92%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Tongwei's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Tongwei's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Tongwei were 2,312,905.79 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Tongwei reduced its Scope 1 emissions over time?
Since 2021, Tongwei's Scope 1 emissions have increased by 120.71%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Tongwei's Scope 1 emissions increased by 90.8%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Tongwei's Scope 2 emissions?
In 2024, Tongwei reported Scope 2 greenhouse gas (GHG) emissions of 8,032,770.17 tCOâ‚‚e using the market-based method and 20,160,530.74 tCOâ‚‚e using the location-based method.a
Has Tongwei reduced its Scope 2 emissions over time?
Since 2021, Tongwei's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 284.52%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
Compared to the previous year(2023), Tongwei's Scope 2 emissions(Location-Based) rose by 44.2% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Tongwei use for Scope 2 reporting?
In 2024, Tongwei reported its Scope 2 emissions using the market-based method and using the location-based method.a
Tongwei's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Tongwei's Value Chain Emissions
In 2024, Tongwei reported 33,045,754.45 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Tongwei includes a breakdown across 7of the 15 Scope 3 categories defined by the GHG Protocol,up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Tongwei's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Tongwei's Scope 3 emissions?
In 2024, Tongwei reported total Scope 3 emissions of 33,045,754.45 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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
Compared to the previous year (2023), Tongwei's Scope 3 emissions decreased by 35.08%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Tongwei disclose?
In 2024, Tongwei reported emissions for 7 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 Tongwei's Scope 3 emissions?
In 2024, the largest contributors to Tongwei's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 31,948,635.402 tCOâ‚‚e(96.68%)
- Upstream Transportation and Distribution (Cat. 4): 803,011.833 tCOâ‚‚e(2.43%)
- Downstream Transportation and Distribution (Cat. 9): 228,015.706 tCOâ‚‚e(0.69%)
Tongwei's Scope 3 Emissions by Categories
Insights into Tongwei’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Tongwei reported Scope 1 greenhouse gas (GHG) emissions of 2,312,905.79 tCOâ‚‚e and total revenues of USD 12,605 millions. This translates into an emissions intensity of 183.49 tCOâ‚‚e per millions USD.a
Tongwei's Scope 1 Emissions Intensity Compared to Peers
How does Tongwei's GHG emissions intensity compare to its peers?
In 2024, Tongwei reported a Scope 1 emissions intensity of 183.49 tCOâ‚‚e per millions USD. Compared to the peer group median of 7.22, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Tongwei rank on GHG emissions intensity within its industry?
In 2024, Tongwei ranked 23 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 Tongwei among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Tongwei's Total Carbon Footprint
In 2024, Tongwei reported a total carbon footprint of 55,519,190.98 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Tongwei's total carbon footprint was Scope 3 emissions, accounting for 59.52% of the company's total carbon footprint, followed by Scope 2 emissions at 36.31%.a