Well-known electronic paper manufacturer E Ink Holdings (EIH) has set a goal of achieving zero carbon emissions by 2040, and by the end of 2022 the share of renewable energy in total energy consumption should reach 10%. The EIH reportedly conducted a study that predictably showed that using e-paper has a lower carbon footprint than using traditional paper media and LCD displays.
For example, for a bank with 125 branches, the use of e-paper tablets reduces the consumption of conventional A4 paper by 16.5 million pages per year, which corresponds to a reduction in CO2 emissions by 1,100 tons.
In 2022, EIH joined The Climate Pledge, which aims to achieve carbon neutrality by 2040, becoming the first display manufacturer to sign up for the project. The company also joined the Science Based Targets initiative and was voted one of the Asia Pacific Leaders by the international media as part of the Asia Pacific Climate Leaders rating – the 200 organizations in Asia Pacific that significantly reduce greenhouse gases reduced emissions in the Scope 1 and Scope 2 classes from 2015 to 2020.
In May, E Ink’s consolidated revenue was $86.9 million, up 7.87% qoq and 107.20% year over year. January-May revenue increased by 53.52% compared to the first five months of 2021.