- Climate change leading to extreme weather events and business interruption
- Stringent public disclosure requirements increasing operating costs
- Tightened building energy codes and guidelines requiring increased capital investment
- Supply chain disruptions
- Supply chain environmental and social risks
The Wharf (Holdings) Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, The Wharf (Holdings) Limited disclosed greenhouse gas emissions of 249.6K tCO2e/year (Scope 1 2 & 3). By scope: Scope 1: 16.7K tCO2e/year; Scope 2: 186.7K tCO2e/year; Scope 3: 46.3K 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
249.6K tCO2e/year (Scope 1 2 & 3)
2023
Water Usage
3.0M m3/year
2023
Waste
18.6K tons/year
2023
Energy Use
1.5M 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). | 16.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 186.7K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 46.3K 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 | 249.6K tCO2e/year (Scope 1 2 & 3) |
| 2022 | 293.6K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Maintained LEED certifications for key properties (over 55% of MLIP GFA obtained green certificates)
- Nine hotels obtained EarthCheck Gold or Silver certifications
- Modern Terminals tripled annual renewable energy generation through solar panel installation
- MLIPs generated over 70,000 kWh from solar panels in 2023
- Various energy-saving initiatives across properties (e.g., LED lighting replacements, energy-efficient HVAC systems)
🎯 Climate & Sustainability Targets
📅 Medium-term
- Achieve 2030 environmental targets (-25% GHG emission intensity, -20% MLIP electricity intensity, reduce water consumption, divert waste from landfills)
🔭 Long-term
- Support carbon neutrality by 2060 (Central Government) and 2050 (Hong Kong)
🌱 ESG Focus Areas
Climate ChangeEnergy ManagementWater ConservationWaste DiversionEmployee WellbeingSupply Chain ManagementCommunity InvestmentYouth DevelopmentArts and Culture