Concord New Energy Group Limited
Concord New Energy Group Limited, often referred to as CNE Group, is a prominent player in the renewable energy sector, headquartered in Hong Kong. Founded in 2006, the company has established itself as a leader in the development and operation of clean energy projects, particularly in solar and wind power. With a strong presence in Asia and expanding operations globally, CNE Group focuses on innovative solutions that enhance energy efficiency and sustainability. The company’s core offerings include the design, construction, and management of renewable energy facilities, distinguished by their commitment to cutting-edge technology and environmental stewardship. CNE Group has achieved significant milestones, including numerous successful project completions and strategic partnerships, solidifying its market position as a trusted provider in the green energy landscape.
DitchCarbon Score
How does Concord New Energy Group Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity Transmission industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Concord New Energy Group Limited's score of 25 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Concord New Energy Group Limited's reported carbon emissions
In 2023, Concord New Energy Group Limited reported total carbon emissions of approximately 230,088,990 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for the majority of their carbon footprint. Scope 1 emissions were about 277,430 kg CO2e, while Scope 2 emissions totalled approximately 9,392,270 kg CO2e. The combined total for Scope 1 and Scope 2 emissions reached about 9,669,700 kg CO2e. Comparatively, in 2022, the company recorded approximately 1,646,910 kg CO2e in Scope 1 emissions and about 7,605,050 kg CO2e in Scope 2 emissions, leading to a total of around 9,251,960 kg CO2e for Scope 1 and 2 combined. This indicates a notable increase in emissions from 2022 to 2023. Despite the substantial emissions figures, Concord New Energy Group Limited has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or science-based targets suggests that the company may still be in the early stages of formalising its climate commitments. Overall, while the emissions data highlights the scale of Concord New Energy Group Limited's carbon impact, the lack of clear reduction strategies raises questions about their long-term climate action plans.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 965,400 | 000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 8,153,740 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Concord New Energy Group Limited is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
