- Aging heating, ventilation, and air conditioning systems at certain properties.
- Potential climate-related risks (storms, flooding, sea level rise, policy and legal risks).
- Food waste in hotel operations.
- Managing waste from generation to final disposal.
Regal Real Estate Investment Trust
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Regal Real Estate Investment Trust disclosed greenhouse gas emissions of 34.5K tonnes CO2e/year. By scope: Scope 1: 6.1K tonnes CO2e/year; Scope 2: 28.4K tonnes CO2e/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
34.5K tonnes CO2e/year
2023
Water Usage
673.3K m3/year
2023
Waste
5.2K tons/year
2023
Energy Use
87.7K 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). | 6.1K tonnes CO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 28.4K tonnes CO2e/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 | 34.5K tonnes CO2e/year |
| 2022 | 30.2K tCO2e/year |
| 2021 | 32.9K tonnes CO2e |
| 2020 | 32.3K tonnes CO2e |
| 2018 | 53.8K tonnes CO2e |
| 2017 | 51.5K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Regal REIT's hotels in Hong Kong were awarded a number of well-recognised awards and certifications (EarthCheck Gold Benchmarking Certification for several hotels, ESBN Asia-Pacific Green Deal Green Badge).
- Regal Airport Hotel and Regal Kowloon Hotel recycled food waste, reducing carbon emissions and generating electricity.
- Replaced single-use toiletries, disposable plastic tableware and takeaway containers with biodegradable items (offered upon request).
- Installed in-room water filters or water refill stations to eliminate plastic-bottled water.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve BEAM Plus Existing Building certifications for at least 30% of its hotel properties by 2025.
- Communicate the Green Procurement Policy to all suppliers by 2025.
- Conduct sustainable supplier assessment to evaluate RHIHL Group’s value chain by 2025.
- All new employees receive anti-corruption training within 12 months of onboarding by 2025.
- Achieve 80% EVs in corporate fleet by 2025 and 100% hotel EVs by 2028.
📅 Medium-term
- Reduce scope 1 and 2 GHG emission intensity by at least 20% with 2023 as a baseline by 2030.
- Enhance waste diversion rate by at least double with 2023 as a baseline by 2030.
- Reduce water intensity by at least 10% with 2023 as a baseline by 2030.
- Increase average training and development hours per full-time employee by double with 2023 as a baseline by 2030.
- Implementing Integrated Building Management System for all hotels by 2030.
🔭 Long-term
- Achieve EarthCheck certifications “Platinum” & “Master” certifications for all five Initial Hotels by 2033 and 2038, respectively.
- Purchasing Renewable Energy Certificates by 2035 to support the use of renewable energy.
🌱 ESG Focus Areas
Greenhouse Gas EmissionsGreen BuildingWaste ManagementWater ManagementTalent DevelopmentOccupational Health and SafetyCommunity EngagementData Privacy and CybersecuritySustainable ProcurementTechnology and InnovationAnti-CorruptionSustainable Finance and InvestmentWellnessEcosystem Building