GlobalData offers a comprehensive analysis of Skyworth Group, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Skyworth Group‘s ESG performance. GlobalData’s company profile on Skyworth Group offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Skyworth Group, a Chinese electronics manufacturer, in response to the target of the 2060 carbon neutrality and intelligent manufacturing of the People’s Republic of China, will regularly review its sustainable development paths and strategies such as greenhouse gas emissions reduction, health and safety, and employee development, and strengthen the company’s operations foundation. The company reported 9,412 tCO2e of scope 1 and 80,754 tCO2e of scope 2 emissions during 2022. Skyworth Group's latest filings mentioned the keywords 'Emission' and 'Greenhouse Gas' most number of times in relation to 'Climate Change'.
The company is taking steps to reduce its carbon footprint, including monitoring power consumption, increasing the use of energy-efficient equipment, and establishing an energy management system. Skyworth is seeking clean energy sources such as solar photovoltaic and improving energy efficiency to achieve carbon reduction targets.
As part of its commitment to becoming a low carbon business, the Group promotes the adoption of renewable energy and has installed solar photovoltaic panels covering an area of 60,000 m2 in the Industrial Park. These panels not only power the Group's operations but also feed surplus energy into the municipal electricity grid, generating a total of 8,688,520 kWh of electricity during the reporting period and preventing the release of around 4,703 tonnes of carbon emissions. The company has identified climate risks as one of its potential risks and has adopted a climate change policy to adapt to the market trend of decarbonisation.
In conclusion, Skyworth has committed itself to enhance its resilience and adaptability to climate change and taking appropriate measures to mitigate it. The company places an emphasis on reducing greenhouse gas emission, improving energy efficiency and utilising renewable energy.