- Economic downturn and market volatility increased stakeholder concerns regarding corporate governance and risk management.
- Climate change poses various physical threats (extreme weather events) and transition risks (policy changes).
Sun Hung Kai & Co. Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Sun Hung Kai & Co. Limited disclosed greenhouse gas emissions of 2.5K tCO2e/year. By scope: Scope 1: 920.66 tCO2e/year; Scope 2: 1.6K tCO2e/year; Scope 3: 16.13 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
2.5K tCO2e/year
2023
Water Usage
2.9K m3/year
2023
Energy Use
10.2M MJ/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). | 920.66 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.6K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 16.13 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 | 2.5K tCO2e/year |
| 2022-01 to 2022-12 | 2.7K tCO2e/year |
| 2021 | 2.4K tCO2-e |
| 2020 | 2.7K tCO2e |
| 2019 | 14.9M kilograms CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 94% of office paper is certified FSC or PEFC paper.
- Reduced electricity usage by ~13% compared to 2022 levels.
- Reduced water usage by ~41% compared to 2022 levels.
- Reduced total GHG emissions (Scope 1-2) by ~8% compared to 2022 levels.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce absolute paper usage by 35% by 2025 (compared to FY19 baseline).
- Maintain use of paper cheques issued for customer funding to be 10% or below at UAF by 2025.
- Reduce individual desk bin by 25% and increase recycling points at SHK & Co. by 2024.
- Eliminate the use of single-use tableware in the office by 2024.
- Reduce absolute electricity usage by 25% by 2025 (compared to FY19 baseline).
🌱 ESG Focus Areas
GovernanceSocialEnvironmental