GlobalData offers a comprehensive analysis of Yue Yuen Industrial (Holdings) , 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 Yue Yuen Industrial (Holdings) ‘s ESG performance. GlobalData’s company profile on Yue Yuen Industrial (Holdings) 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.

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Yue Yuen Industrial (Holdings) , a leading footwear manufacturer, has committed to expanding the utilization of green energy and enhancing energy efficiency, aiming to achieve zero carbon emissions by 2025. Additionally, the company is aligned with the SBTi emission reduction targets, planning to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2030, compared to the base year of 2019. Scope 1 emissions refer to direct GHG emissions from the company's operations, scope 2 emissions include indirect emissions from purchased electricity, and scope 3 emissions encompass indirect emissions from the company's value chain.

In 2022, Yue Yuen Industrial (Holdings) reported its Scope 1 emissions at approximately 50,000 tCO2e, accounting for 7% of the total emissions, while Scope 2 emissions from input energy, amounted to around 701,000 tCO2e, constituting 93% of the emissions. Scope 3 emissions stood at 23,808tCO2e. The primary focus for carbon reduction efforts lies in electricity usage, responsible for over 80% of GHG emissions originating from shoe manufacturing sources. Further, the company has already implemented measures and plans to further reduce emissions in the future.

Yue Yuen Industrial (Holdings) calculates its emissions based on various factors, including emission coefficients provided by international organizations such as the International Energy Agency (IEA) and the Intergovernmental Panel on Climate Change (IPCC). The company also considers emission coefficients specific to different fuels and uses tools provided by environmental protection agencies to calculate emissions from different sources.

In conclusion, Yue Yuen Industrial (Holdings) has set zero carbon emission target to be achieved by 2025 and aims to reduce its GHG emissions. The company has specific goals related to scope 1, scope 2, and scope 3 emissions and is taking steps and making investments to reduce its emissions and achieve its targets.

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