- Ensuring compliance with regulations and addressing the escalated expenses related to raw materials.
- Fluctuation in energy costs and potential implementation of carbon tax.
- Evolving emission-reporting regulations increasing indirect operating costs.
- Risk of fines and penalties for failing to meet climate-related practices and disclosures.
- Costs of transitioning to lower emissions technology.
- Changing customer behavior and demand for low-carbon products.
- Increased cost of raw materials.
- Potential for climate-related physical risks (extreme weather events and sea-level rise) to significantly increase over time.
Hafary Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Hafary Holdings Limited disclosed greenhouse gas emissions of 49.7K tCO2e/year. By scope: Scope 1: 37.8K tCO2e/year; Scope 2: 11.8K 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
49.7K tCO2e/year
2023
Water Usage
126.27 megalitres/year
2023
Energy Use
6.86e+13 Joules/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). | 37.8K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 11.8K 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 | 49.7K tCO2e/year |
| 2022 | 804.8 tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Solar photovoltaic systems generated 2,579.6 megawatt hours of active solar energy, eliminating carbon emissions of approximately 1,075 tonnes.
- Utilized water and energy-efficient fixtures and fittings, adopted energy-saving LED lights, and advocated for recycling and digitalisation.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce purchased electricity consumption by 5%
- Replace more vehicles with green engines
- Perform scenario analysis with quantitative outcomes
- Reduce CO2e emission intensities from Scope 1 and 2 by 6%
- Reduce energy intensities by 5%
📅 Medium-term
- Reduce CO2e emission intensities from Scope 1 and 2 by 6%
- Use more natural gas than electricity
- Disclose more categories under Scope 3 emissions
- Reduce energy intensities by 10%
- Adopt more usage of energy efficient features and fittings
🔭 Long-term
- Reduce GHG emission intensities by 10%
- Adopt usage of other type of renewable sources
- Reduce energy intensities by 15%
- Achieve 50% of features and fitting that are energy efficient and environmentally friendly
- Maintain average monthly turnover rate below 3%
🌱 ESG Focus Areas
Climate ChangeEnergy ConsumptionGreenhouse Gas EmissionsOccupational Health and SafetyTraining and DevelopmentAnti-corruption PracticesLegal & Regulatory ComplianceBusiness Conduct and EthicsEconomic PerformanceEmployment PracticesLocal Communities