- Increased total carbon emissions by 42.3% due to project development cycles
- Intensified competition in green building construction
- More stringent government policies for decarbonisation
- Frequent extreme weather events causing extra costs and potential damage
- Prolonged periods of extreme heat leading to higher manpower costs
SOCAM Development Limited
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, SOCAM Development Limited disclosed greenhouse gas emissions of 85.6K tCO2e/year. By scope: Scope 1: 4.6K tCO2e/year; Scope 2: 7.5K tCO2e/year; Scope 3: 73.5K 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
85.6K tCO2e/year
2022
Water Usage
220.1K m3/year
2022
Waste
131.8K tonnes/year
2022
Energy Use
33.7M kWh/year
2022
📊 Emissions by Scope (2022)
| 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). | 4.6K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 7.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 73.5K 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 carbon emissions intensity by 15.07% year-on-year (against 2020 baseline)
- Reduced waste generation by 7.27% year-on-year (against 2020 baseline)
- Reduced accident rate to 3.10 cases per thousand workers (lowest record in recent years, against 2019 baseline)
- Installed eleven Enertainers to replace diesel generators, reducing carbon footprint by approximately 80%
- Implemented energy retrofits in Mainland China malls, resulting in significant electricity savings (e.g., 766,048 kWh in Tianjin)
- Partnered with CLP to launch a Cooling as a Service project expected to save over 30% on electricity consumption and reduce carbon emissions by 370 tonnes annually
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions intensity by 25% by 2024
- Achieve a 35% reduction in accident rate by 2024
🌱 ESG Focus Areas
Climate ChangeInnovation and TechnologyAnti-corruptionWorkplace Safety and HealthBusiness EthicsDiversity and Equal OpportunityCommunity Engagement and WellbeingTalent ManagementBiodiversityIndoor Air QualityWater ResourcesEffluent and WasteCustomer SatisfactionResource ManagementData Privacy