In 2024, Zhuhai CosMX Battery 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, Zhuhai CosMX Battery has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 35,976.1a | 39,610.82b | 41,281a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 406,354.1a | 363,500.01b | 291,041a | |
Total Scope 3 | 1,188,375.6a | 1,309,318.8a | 1,066,048a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 22.7498a | 24.5958b | 26.1922a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Zhuhai CosMX Battery amounted to 442,330.2 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 Zhuhai CosMX Battery increased by 9.73%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Zhuhai CosMX Battery were 35,976.1 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Zhuhai CosMX Battery's Scope 1 emissions have decreased by 12.85%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Zhuhai CosMX Battery's Scope 1 emissions decreased by 9.18%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2024, Zhuhai CosMX Battery reported Scope 2 greenhouse gas (GHG) emissions of 406,354.1 tCO₂e without specifying the calculation method.a
Since 2022, Zhuhai CosMX Battery's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 39.62%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Zhuhai CosMX Battery's Scope 2 emissions (Unspecified Calculation Method) rose by 11.79% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Zhuhai CosMX Battery reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Zhuhai CosMX Battery reported 1,188,375.6 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 Zhuhai CosMX Battery includes a breakdown across 0 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, Zhuhai CosMX Battery reported total Scope 3 emissions of 1,188,375.6 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Zhuhai CosMX Battery's Scope 3 emissions have increased by 11.47%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Zhuhai CosMX Battery's Scope 3 emissions remained relatively stable, indicating that Zhuhai CosMX Battery's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Zhuhai CosMX Battery reported Scope 1 greenhouse gas (GHG) emissions of 35,976.1 tCO₂e and total revenues of USD 1,581 millions. This translates into an emissions intensity of 22.75 tCO₂e per millions USD.a
In 2024, Zhuhai CosMX Battery reported a Scope 1 emissions intensity of 22.75 tCO₂e per millions USD. Compared to the peer group median of 1.8, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Zhuhai CosMX Battery ranked 23 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Zhuhai CosMX Battery among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Zhuhai CosMX Battery reported a total carbon footprint of 1,630,705.8 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.77% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Zhuhai CosMX Battery's total carbon footprint was Scope 3 emissions, accounting for 72.87% of the company's total carbon footprint, followed by Scope 2 emissions at 24.92%.a