- Power interruption incident on 19 April 2023 affecting around 44,000 customers
- Rising fuel costs associated with cleaner energy
- Labour supply challenges
HK Electric Investments and HK Electric Investments Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, HK Electric Investments and HK Electric Investments Limited disclosed greenhouse gas emissions of 6.64 million tCO2e. By scope: Scope 1: 6.64 million tCO2e; Scope 3: 1.08 million tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
6.64 million tCO2e
2023
Water Usage
1.749 million m3 (seawater)
2023
Waste
39 kT (construction waste)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 6.64 million tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.08 million tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 6.64 million tCO2e |
| 2022 | 6.77 million tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- ~33% reduction in carbon emissions as compared to 2005
- ~0.66 kg/kWh carbon intensity (CO2e per electricity unit sold)
- Full compliance with stipulated emissions caps for sulphur dioxide, nitrogen oxides and respirable suspended particulates
- >10 GWh of green electricity generated from renewable energy installations
- Offshore liquefied natural gas terminal commissioned in July
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce electricity, water and paper consumption, as well as waste generation by 2025
- Complete retrofitting work for substations situated within 100 m of coastline by 2024
📅 Medium-term
- Increase aggregate electricity generated from RE sources to over 15 GWh/year by 2028
- Complete full-scale smart meter deployment by 2025
- Reduce carbon emissions per electricity unit sold to not exceed 0.5 kg of CO2e per kWh by 2029
🔭 Long-term
- Net zero emissions before 2050
- Cease using coal for daily electricity generation by 2035
🌱 ESG Focus Areas
Climate changeEnvironmental managementCustomer serviceCommunity careEmployee care and safetySupply chain managementCorporate governanceInnovation