Towngas Smart Energy Company Limited

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022, 2020, 2016

In its 2023 reporting, Towngas Smart Energy Company Limited disclosed greenhouse gas emissions of 1.0M tCO2e (Scope 1 & 2). By scope: Scope 1: 418.0K tCO2e; Scope 2: 625.4K tCO2e; Scope 3: 1.6M tCO2e (Purchased Goods and Services) + 10813022 tCO2e (Use of Sold Products). 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
1.0M tCO2e (Scope 1 & 2)
2023
⚡
Renewable Energy
1.6%
of total energy
💧
Water Usage
698.3K m3
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).418.0K tCO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.625.4K tCO2e
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).1.6M tCO2e (Purchased Goods and Services) + 10813022 tCO2e (Use of Sold Products)

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
20231.0M tCO2e (Scope 1 & 2)
201629.9K tonnes of greenhouse gases

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce operational greenhouse gas emissions (Scope 1 and 2) by 10% by 2025 or earlier

📅 Medium-term

  • Achieve an annual reduction of 10 million tonnes in greenhouse gas emissions through initiatives such as coal-to-gas conversion, solar photovoltaic power generation and improvements in energy efficiency.
  • Renovate 1,363 KM of old pipelines by 2025.

🔭 Long-term

  • Achieve carbon neutrality by 2050

🌱 ESG Focus Areas

SafetyClimate ChangeEnvironmental ProtectionTalent CultivationQuality ManagementSocial Welfare

⚠️ Challenges & Risks +

  • Climate risks
  • Information security
  • Business environment
  • Distribution network safety
  • Health and safety
  • Ethics and integrity
  • Pressure on water resources
  • Transition risks (regulatory changes, market shifts, technological advancements)
  • Physical risks (extreme weather events)

📋 Report Information

Reporting Period: 2023
Frameworks: GRI, SASB, TCFD, TNFD
Assurance: Hong Kong Quality Assurance Agency (HKQAA)