- Increased frequency and severity of extreme weather events leading to reduction in revenue due to closure of operating sites, loss of assets, and decreased tourism.
- More stringent laws and regulations related to climate change increasing operating expenses.
Magnificent Hotel Investments Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Magnificent Hotel Investments Limited disclosed greenhouse gas emissions of 10.3K tCO2e/year. By scope: Scope 1: 586.64 tCO2e/year; Scope 2: 7.9K tCO2e/year; Scope 3: 1.8K 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
10.3K tCO2e/year
2023
Water Usage
172.9K m3/year
2023
Waste
1.1K tons/year
2023
Energy Use
17.2K MWh/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). | 586.64 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 7.9K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.8K 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 | 10.3K tCO2e/year |
| 2022 | 8.7K tCO2e/year |
| 2020 | 8.5K tCO2e/year |
| 2018 | 10.4K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Total Group’s GHG emission intensity decreased by approximately 19.05 % from approximately 0.021 tCO2e/room night in 2022 to approximately 0.017 tCO2e/room night in 2023.
- Participated in the “Mid-Autumn Festival Mooncake Box Collection Program” and the “Lunar New Year Red Packet Reuse and Recycle Program” organized by Greeners Action
- Participated in the “No Air Con Night” Program organized by Green Sense
- Water conservation signs have been displayed in washrooms of the Hotels and headquarter to remind customers and employees of saving water
🌱 ESG Focus Areas
EnvironmentalSocialGovernance