- Poor economic performance impacting stakeholders
- Exposure to physical and transition risks (extreme weather, stringent regulations)
- Changing market preference for green buildings
- Poor water and waste management
- Safety lapses by contractors
- Employee disengagement and dissatisfaction
- High turnover rates
- Low productivity
- Employees lacking required skills
- Loss of revenue and customers due to poor product and service quality
HIAP HOE LIMITED
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, HIAP HOE LIMITED disclosed greenhouse gas emissions of 496 tCO2e. By scope: Scope 1: 496 tCO2e; Scope 2: 8.4K 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
496 tCO2e
2023
Water Usage
100.7K m3
2023
Waste
663 tons (non-hazardous)
2023
Energy Use
15.8K MWh (excluding SuperBowl)
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). | 496 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 8.4K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 6.2% reduction in total electricity usage in FY 2023 (excluding SuperBowl)
- 2.4% decrease in total Scope 1 GHG emissions in FY 2023
- 5.1% decrease in total Scope 2 GHG emissions in FY 2023
- 16.3% reduction in total water consumption in FY 2023
- 4.7% reduction in total weight of non-hazardous waste directed to disposal in FY 2023
- 33.1% increase in total weight of non-hazardous waste diverted from disposal in FY 2023 (Aloft Singapore Novena, Corporate Office and Zhongshan Mall)
🎯 Climate & Sustainability Targets
🔭 Long-term
- Net-zero emissions target (implementation roadmap outlined)
🌱 ESG Focus Areas
Sustainable Economic GrowthEnergy and Carbon FootprintWater ConservationResource Efficiency and Waste ManagementFair Employment PracticesEmployee Training and DevelopmentOccupational Health and SafetyCustomer Health and SafetyCustomer PrivacyBusiness Ethics and Anti-corruption