- High cost of raw materials remains a significant issue.
- Tight funding factors, insufficient momentum for land acquisition, and developer’s conservative and cautious attitude towards the future development of the housing market.
- The impact of the "Hoarding Tax 2.0" to be implemented in mid-2024 on the housing market remains to be observed.
Cathay Real Estate Development Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Cathay Real Estate Development Co., Ltd. disclosed greenhouse gas emissions of 2.0K tCO2e/year. By scope: Scope 1: 308.34 tCO2e/year; Scope 2: 1.4K tCO2e/year; Scope 3: 279.12 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
2.0K tCO2e/year
2023
Water Usage
1.8K m3/year
2023
Waste
8.9K tons/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). | 308.34 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.4K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 279.12 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 | 2.0K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- In 2022, the proportion of newly constructed green buildings reached 83%.
- In 2023, the green building concept will be fully introduced for new construction projects.
- In 2022, 100% of new construction projects adopted BIM technology
🎯 Climate & Sustainability Targets
🔜 Short-term
- Greenhouse gas emissions intensity ≤ 10.3 tons CO2e/person, 20% of new construction projects apply for Green Building Label.
📅 Medium-term
- Greenhouse gas emissions intensity ≤ 9.8 tons CO2e/person, 30% of new construction applications for green building labels.
🔭 Long-term
- Greenhouse gas emission intensity ≤ 9.8 tons CO2e/person, 40% of new construction applications for Green Building Label.
🌱 ESG Focus Areas
EnvironmentalSocialGovernance