- Concerns over Mainland China’s economic outlook and expectation of a prolonged period of high-interest rates dampening investment sentiment.
- Risk of further slowdown in global economic growth, weak international trade activities, and elevated interest rates creating uncertainties.
- Intensified strategic competition between China and the US potentially dampening global trade growth and cross-border investment.
- High interest rates posing challenges to Hong Kong and global financial markets.
- Uncertainties over asset markets due to the recent conflict in Israel and Gaza, and the ongoing war between Russia and Ukraine.
- Potential weaker driving training market in 2024 compared to 2023.
- Decreased number of ETC tag subscriptions due to the implementation of HKeToll.
- Expiration of the Western Harbour Tunnel franchise in August 2023.
- Stronger and more frequent typhoons potentially causing damage to property and economic loss.
- Rising sea level potentially affecting the operation of Ap Lei Chau Centre.
The Cross-Harbour (Holdings) Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, The Cross-Harbour (Holdings) Limited disclosed greenhouse gas emissions of 3.4K tCO2e/year. By scope: Scope 1: 2.7K tCO2e/year; Scope 2: 673.08 tCO2e/year; Scope 3: 71.62 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
3.4K tCO2e/year
2023
Water Usage
21.5K m3/year
2023
Waste
396.06 tons/year
2023
Energy Use
11.3M kWh/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). | 2.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 673.08 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 71.62 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced GHG emissions intensity (tCO2e/employee) by approximately 0.21 tCO2e/employee from 4.68 tCO2e/employee in 2022 to 5.17 tCO2e/employee in 2023. Note that this is a reduction in intensity, not absolute emissions.
- Reduced annual hazardous waste (tonnes) from 7.23 tonnes in 2022 to 5.92 tonnes in 2023.
- Maintained non-hazardous waste intensity at 0.60 tonnes/employee in 2023, compared to 0.61 tonnes/employee in 2022.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions intensity (tCO2e/employee) by 3% in the next 5 years (using 2021 as the baseline year).
- Reduce energy consumption intensity by 3% in the next 5 years (using 2021 as the baseline year).
- Reduce water consumption intensity by 3% in the next 5 years (using 2021 as the baseline year).
- Reduce non-hazardous waste intensity by 3% in the next 5 years (using 2021 as the baseline year).
🔭 Long-term
- Achieve carbon neutrality by 2050.
🌱 ESG Focus Areas
WorkplaceOperating practicesCommunityEnvironment