- Challenging external environment including the Israeli-Palestinian conflict, the Russia-Ukraine war, tense China-US relations, rising Hong Kong interest rates, weakening property market, tightening bank lending, and slowing China's economic growth.
- Intensified competition within the industry, leading to fewer high-profit-margin construction projects.
- Booming job market making it difficult to recruit skilled workers.
Million Hope Industries Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, Million Hope Industries Holdings Limited disclosed greenhouse gas emissions of 319.31 tCO2e/year. By scope: Scope 1: 51.65 tCO2e/year; Scope 2: 267.66 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
319.31 tCO2e/year
2023-04 to 2024-03
Water Usage
6.7K m3/year
2023-04 to 2024-03
Waste
9.76 tonnes/year
2023-04 to 2024-03
Energy Use
679.42 MWh/year
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| 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). | 51.65 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 267.66 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 |
|---|---|
| 2023-04 to 2024-03 | 319.31 tCO2e/year |
| 2022-04 to 2023-03 | 359.24 tCO2e/year |
| 2020-04 to 2021-03 | 424.8 tCO2e/year (2021); 395.9 tCO2e/year (2020) |
| 2019-04 to 2020-03 | 395.9 tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Total GHG emission intensity (tCO2e/employee) decreased by approximately 13.61% compared to 2023.
- Total energy consumption intensity decreased by approximately 16.92% compared to 2023.
- Total water consumption intensity (m3/employee) decreased by approximately 9.59% compared with 2023.
- Recycled approximately 0.34 tonnes of paper during the Reporting Year.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Appoint at least one female director to join the Board by December 2024.
📅 Medium-term
- Gradually reduce GHG emissions intensity (tCO2e/employee) by 2027.
- Reduce total energy consumption intensity (MWh/employee) by 2027.
- Gradually reduce water consumption intensity (m3/employee) by 2027.
- Reduce total non-hazardous waste disposal intensity (tonnes/employee) by 2027.
🌱 ESG Focus Areas
Occupational Health and SafetyTraining and DevelopmentService Quality and SafetyProtection of Intellectual PropertyEqual OpportunityCorporate Social ResponsibilitySupply Chain ManagementCommunity InvestmentWaste ManagementEnergy EfficiencyGreenhouse Gas EmissionsWater Consumption