- Weakened market sentiment and record low volume of property transactions.
- Potential increase in negative impacts due to climate change-related risks on assets.
- Increased severity of extreme weather events and the shift in climate pattern under warmer climate.
Wheelock Properties Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Wheelock Properties Limited disclosed greenhouse gas emissions of 2.8M tCO2e/year. By scope: Scope 1: 10 tCO2e/year; Scope 2: 29.8K tCO2e/year; Scope 3: 4.3K tCO2e/year. 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
2.8M tCO2e/year
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). | 10 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 29.8K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 4.3K tCO2e/year |
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 | 2.8M tCO2e/year |
| 2022 | 26.3K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved BEAM Plus Gold ratings for all new development projects for 8 consecutive years.
- 21.5% reduction in overall GHG intensity.
- Increased construction waste recycling rate to 69.4%
- 37% reduction in carbon emissions at Wheelock’s and HPML’s headquarters compared to 2022.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Use of Construction Industry Council (CIC) Carbon Assessment Tool for all BEAM Plus submissions by 2025.
📅 Medium-term
- 22% GHG emissions reduction by 2030 (managed properties).
🔭 Long-term
- Net-zero target following SBTi pathways.
🌱 ESG Focus Areas
Creating a positive impact on the environmentDelivering quality experiences & trusted partnershipsDeveloping long-term enduring value