- Difficult operating environment due to elevated inflation, high interest rates, and heightened geopolitical risks
- Considerable slowdown in Wuhan’s residential market
- Resumption of business activities after the COVID-19 pandemic leading to increased energy and water intensity
SHUI ON LAND LIMITED
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, SHUI ON LAND LIMITED disclosed greenhouse gas emissions of 91.1M kgCO2 equivalent. By scope: Scope 1: 9.9M kgCO2 equivalent; Scope 2: 81.2M kgCO2 equivalent; Scope 3: 119.7M kgCO2 equivalent. 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
91.1M kgCO2 equivalent
2023
Renewable Energy
Approximately 20% (target for 2024)
of total energy
Water Usage
1.3M m3
2023
Waste
53.9K tons
2023
Energy Use
170.7K MWh
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). | 9.9M kgCO2 equivalent |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 81.2M kgCO2 equivalent |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 119.7M kgCO2 equivalent |
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 | 91.1M kgCO2 equivalent |
| 2022 | 81.5M kgCO2e (Scope 1 & 2 in 2022) |
| 2021 | 83.0M tCO2e/year |
| 2019 | 102.0M kgCO2 equivalent |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Obtained SBTi approval for 1.5°C-aligned science-based targets in July 2023
- Conducted climate change physical risk scenario analysis at the project level for all development sites and assets under management
- Over 96% of existing assets by GFA obtained either green or healthy building certifications
- Signed a MoU with The Nature Conservancy to advance urban biodiversity conservation
- 46% decrease in Scope 1 and 2 carbon emissions intensity from the 2019 baseline year for SXTD assets
- 17,506 tons of waste were diverted from landfill for recycling for SXTD assets
- Formed a strategic partnership with the CLP Group to collaborate on the supply of green power in commercial properties
🎯 Climate & Sustainability Targets
🔜 Short-term
- Develop climate change adaptation strategy for new developments
- Develop climate change physical risk assessment checklist and conduct internal assessment of all SXTD assets
- Review existing transition risk assessment results
📅 Medium-term
- Reduce Scope 1 and 2 carbon emissions intensity by 62.4% by 2030
- Reduce Scope 3 carbon emissions intensity from purchased goods and services by 22% by 2030
- Reduce Scope 3 carbon emissions intensity from downstream leased assets by 22% by 2030
- Achieve a satisfaction rate of more than 90% in customer and occupant satisfaction survey by 2030
- Achieve an average of 40 hours of training per employee per year by 2030
🔭 Long-term
- Achieve net-zero emissions by 2050
🌱 ESG Focus Areas
CommunityCleanCultureCareCorporate Governance