- Uncertain business environment in overseas markets, risk of economic slowdown or recession
- Volatile equity market due to rising interest rates and cost of capital
- Projected slowdown in economic growth in Europe and the United States
- Highly competitive watch manufacturing environment in the PRC
Hanvey Group Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Hanvey Group Holdings Limited disclosed greenhouse gas emissions of 214.56 tCO2e/year. By scope: Scope 1: 68.12 tCO2e/year; Scope 2: 146.44 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
214.56 tCO2e/year
2023
Water Usage
1.9K tonnes/year
2023
Energy Use
271.8K kWh/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). | 68.12 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 146.44 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 air pollutants (Nitrogen oxides by 16.94%, Sulphur oxides by 18.75%, Particulate matter by 17.20%)
- Reduced Scope 1 emissions by 16.76% and Scope 2 emissions by 34.11%
- Recycled 0.25 tonnes of wastewater
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce air pollutants and greenhouse gas emissions by 1–2%
- Lower electricity and fuel consumption by 1–2%
- Reduce freshwater consumption by 1–2%
🌱 ESG Focus Areas
EnvironmentalSocialGovernance