- Climate change leading to more frequent and severe extreme weather events.
- Talent shortage.
- Supply chain disruptions.
- Increasingly stringent environmental regulations.
- Water scarcity.
Wharf Real Estate Investment Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Wharf Real Estate Investment Company Limited disclosed greenhouse gas emissions of 103.9K tCO2e/year (market-based). By scope: Scope 1: 7.8K tCO2e/year; Scope 2: 96.1K tCO2e/year (market-based); Scope 3: 904 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
103.9K tCO2e/year (market-based)
2023
Water Usage
922.7K m3/year
2023
Waste
19.8K tons/year
2023
Energy Use
814.0K GJ/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). | 7.8K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 96.1K tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 904 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Times Square received LEED Platinum v4.1 certification.
- Reduced electricity consumption in Plaza Hollywood by 1.5% and Harbour City by over 194,000 kWh.
- Reduced total power consumption at Times Square by 1.8% compared to 2022.
- Achieved ISO 14001 environmental management system certification.
- Harbour City, Gateway Apartments, and Pacific Club certified as Hong Kong Green Organisations.
- Reduced plastic containers ordered at Pacific Club by approximately 828 kg.
- Recycled over 16,000 kg of polyfoam across Harbour City, Times Square, and Plaza Hollywood.
- Donated over 1,876 kg of surplus food to Foodlink.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions by 30% by 2030.
- Reduce electricity intensity at investment properties in Hong Kong by 27% by 2030.
- Reduce water consumption of Hong Kong operations by 18% by 2030.
🌱 ESG Focus Areas
Climate ChangeEnergy Management and DecarbonisationWater StewardshipWaste ManagementEmployee WellbeingYouth DevelopmentArts and CultureCommunity CareSupply Chain ManagementCustomer SatisfactionOccupational Safety and HealthCorporate Governance