- Significant slowdown of the real estate industry in China resulting in a significant drop in sales orders for timber and wood products
- Squeeze in profit margin of its operation in Europe owing to increased competition
- Significant rise in production, transportation and freight costs largely caused by the surge in energy costs in Europe
- Shipment delays caused by the outbreak of the Red Sea safety crises
- Impairment loss on certain trade receivables
- Reduced size of its loan portfolio due to cautious approach in granting new loans in view of the economic conditions in Hong Kong
Reliance Global Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2023-03-31 reporting, Reliance Global Holdings Limited disclosed greenhouse gas emissions of 316.85 tCO2e/year. By scope: Scope 1: 58.12 tCO2e/year; Scope 2: 191.75 tCO2e/year; Scope 3: 66.98 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
316.85 tCO2e/year
2023-03-31
Water Usage
7.1K m3/year
2023-03-31
Waste
666.69 tons/year
2023-03-31
Energy Use
1.2M kWh/year
2023-03-31
📊 Emissions by Scope (2023-03-31)
| 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). | 58.12 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 191.75 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 66.98 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 |
|---|---|
| 2023-03-31 | 316.85 tCO2e/year |
| 2019-04 to 2020-03 | 27.23 tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced non-hazardous waste disposal by approximately 23.47% in FY2024
- Approximately 100% of leftover wood is resold, recycled for packaging, or used as biofuel in FY2024
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions intensity by 3% by FY2026
- Reduce non-hazardous waste intensity by 3% by FY2026
- Reduce energy consumption intensity by 3% by FY2026
- Maintain water consumption intensity at the same level as FY2023
🌱 ESG Focus Areas
Climate ChangeWaste ManagementEnergy ConsumptionWater ConsumptionEmployment PracticesOccupational Health and SafetyEmployee Development and TrainingLabour StandardsSupply Chain ManagementData Privacy ProtectionQuality AssuranceCustomer SatisfactionAnti-money Laundering and Counter-financing of TerrorismAnti-bribery and Anti-corruption PracticesWhistleblowing MechanismCommunity Investment