In 2024, 3 Hong Kong completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
However, 3 Hong Kong has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,450a | 1,394a | 1,797a | |
Total Scope 2 | ||||
Market-Based | 82,558a | 79,030a | 76,651a | |
Location-Based | 115,179a | 108,204a | 104,252a | |
Total Scope 3 | 1,074a | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.098a | 2.2234a | 2.8724a |
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In 2024, the total operational greenhouse gas (GHG) emissions of 3 Hong Kong amounted to 117,629 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of 3 Hong Kong increased by 7.33%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of 3 Hong Kong were 2,450 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, 3 Hong Kong's Scope 1 emissions have increased by 6.8%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), 3 Hong Kong's Scope 1 emissions increased by 75.75%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, 3 Hong Kong reported Scope 2 greenhouse gas (GHG) emissions of 82,558 tCO₂e using the market-based method and 115,179 tCO₂e using the location-based method.a
Since 2021, 3 Hong Kong's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 16.01%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), 3 Hong Kong's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that 3 Hong Kong's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, 3 Hong Kong reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, 3 Hong Kong reported 1,074 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of 3 Hong Kong includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, 3 Hong Kong reported total Scope 3 emissions of 1,074 metric tons of CO₂ equivalent (tCO₂e).a
In 2024, 3 Hong Kong reported Scope 1 greenhouse gas (GHG) emissions of 2,450 tCO₂e and total revenues of USD 598 millions. This translates into an emissions intensity of 4.1 tCO₂e per millions USD.a
In 2024, 3 Hong Kong reported a Scope 1 emissions intensity of 4.1 tCO₂e per millions USD. Compared to the peer group median of 1.34, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, 3 Hong Kong ranked 19 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
3 Hong Kong is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, 3 Hong Kong reported a total carbon footprint of 118,703 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.31% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to 3 Hong Kong's total carbon footprint was Scope 2 emissions, accounting for 97.03% of the company's total carbon footprint, followed by Scope 1 emissions at 2.06%.a