- Tightening of regulatory policies on cross-border business and sharp fluctuation in the securities market affected brokerage business
- Slowdown in Hong Kong IPOs market and significant decline in US dollar bond issuance affected enterprise finance business
- Complex changes in the external environment and shrinking business demand affected asset management business
- Weakening US dollar bond market affected institutional services and trading business
- Increased market volatility resulted in high estimation uncertainty in management’s assessment of the valuation of financial instruments held
Shenwan Hongyuan (H.K.) Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Shenwan Hongyuan (H.K.) Limited disclosed greenhouse gas emissions of 522.54 tCO2e/year. By scope: Scope 1: 4.89 tCO2e/year; Scope 2: 501.32 tCO2e/year; Scope 3: 16.33 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
522.54 tCO2e/year
2023
Waste
4.82 tons/year
2023
Energy Use
748.89 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). | 4.89 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 501.32 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 16.33 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 | 522.54 tCO2e/year |
| 2022 | 573.91 tCO2e/year |
| 2021 | 640.50 tonnes of carbon dioxide equivalent |
| 2019 | 649.57 tCO2e |
| 2017 | 685.22 tonnes of carbon dioxide equivalent |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced direct GHG emissions generated by the Group’s company car by approximately 14.5% compared to last year (4.89 tonnes of carbon dioxide)
- Reduced indirect GHG emissions generated by electricity consumption by 8.89% compared with 2022 (501.32 tonnes of carbon dioxide)
- Reduced indirect GHG emissions generated by paper consumption by 9% compared with 2022 (16.33 tonnes of carbon dioxide)
- Reduced office paper consumption by approximately 24.2% from last year (4.23 tonnes)
- Reduced paper for statement of clients by approximately 35.9% from last year (0.59 tonnes)
- 99% of paper used was FSC certified printing paper
- Awarded the “Wastewise Certificate” issued by the Hong Kong Green Organization Certification (HKGOC)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce direct GHG emissions generated by company car by 15% by the end of 2025 compared with that by the end of 2019 (12.48 tonnes)
- Reduce indirect GHG emissions generated by electricity consumption per unit floor area/ per capita by 15% by the end of 2025 compared with that by the end of 2021 (0.12 tonnes and 1.24 tonnes respectively)
- Reduce energy consumption per unit floor area/per capita by 15% by the end of 2025 compared with that by the end of 2021 (0.18 MWh and 1.84 MWh respectively)
- Reduce paper consumption per capita by 15% by the end of 2025 compared with that by the end of 2021 (0.019 tonnes)
🌱 ESG Focus Areas
Greenhouse Gas EmissionsEnergy ConsumptionWater ConsumptionPaper Consumption and DisposalHazardous WasteClimate Change Risk and MitigationEmployee CompositionEmployee BenefitsHealth and SafetyDevelopment and TrainingLabour StandardsSupply Chain ManagementFair and Responsible Marketing Communication and InformationClient Information SecurityProduct ResponsibilityCompliance with Laws and RegulationsAnti-corruptionSocial Services