- Supply chain disruptions
- Climate change impacts
- Maintaining high ESG standards across a global supply chain
- Ensuring data accuracy and consistency in ESG reporting
Li & Fung Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Li & Fung Limited disclosed greenhouse gas emissions of 4.7K tCO2e/year (market-based). By scope: Scope 1: 549.93 tCO2e/year; Scope 2: 4.1K tCO2e/year (market-based). 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
4.7K tCO2e/year (market-based)
2023
Water Usage
22.5K m3/year
2023
Energy Use
11.9K 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). | 549.93 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.1K tCO2e/year (market-based) |
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 | 4.7K tCO2e/year (market-based) |
| 2022 | 6.0K tCO2e/year |
| 2021 | 12.3K tCO2e/year |
| 2011 | 32.1K tons of CO2 equivalent |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 38% reduction in Scope 1 and 2 greenhouse gas emissions compared to 2021 baseline
- 32% reduction in energy consumption compared to 2021 baseline
- 33% reduction in water consumption compared to 2022 figures
- Higg FEM score increased by 20% since 2018 (strategic suppliers)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Conduct comprehensive water audits across offices in 2024
📅 Medium-term
- Reduce Scope 1 and 2 emissions by 42% compared to 2021 baseline by 2030
- Have 80% of suppliers quantify and monitor their own CO₂e emissions and set SBTs by 2026
🔭 Long-term
- Net-zero emissions
🌱 ESG Focus Areas
GovernanceRisk ManagementESG StrategyStakeholder EngagementMateriality AssessmentEthics and IntegrityResponsible SourcingEnvironmental SustainabilityGrowth and EmpowermentCommunity Engagement