Champion Real Estate Investment Trust

Common Name
Champion REIT
Country
Hong Kong
Sector
Real Estate
Industry
REIT - Retail
Employees
N/A
Ticker
2778
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Champion Real Estate Investment Trust is a prominent real estate investment trust (REIT) based in Hong Kong. Its primary function is to manage and invest in hospitality and commercial properties, offe...

Champion REIT's GHG Emissions Data Preview

In 2023, Champion REIT 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).

Champion REIT has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Verified Sources Behind Champion REIT’s Greenhouse Gas (GHG) Emissions Data

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a. Champion REIT's Sustainability Report 2023
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Insights into Champion REIT's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Champion REIT amounted to 17,901.8 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 2022, the total operational greenhouse gas (GHG) emissions of Champion REIT increased by 0.68%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Champion REIT's Scope 1 Emissions Over Time

20222023050100150200tCO2e+681%
  • Total Scope 1
  • Year-over-Year Change

What are Champion REIT's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Champion REIT were 187.5 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Champion REIT's Scope 1 emissions increased by 681.25%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Champion REIT's Scope 2 emissions?

In 2023, Champion REIT reported Scope 2 greenhouse gas (GHG) emissions of 17,714.3 tCO₂e without specifying the calculation method. a

Has Champion REIT reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Champion REIT's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Champion REIT 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Champion REIT use for Scope 2 reporting?

In 2023, Champion REIT reported its Scope 2 emissions using an unspecified methodology. a

Champion REIT's Scope 2 Emissions Over Time

2022202304.5 k9 k13.5 k18 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Champion REIT's Value Chain Emissions

In 2023, Champion REIT reported 5,947.7 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 2023 disclosure of Champion REIT includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Champion REIT's Scope 3 Emissions Over Time

202301.5 k3 k4.5 k6 ktCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Champion REIT's Scope 3 emissions?

In 2023, Champion REIT reported total Scope 3 emissions of 5,947.7 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 1.87% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.13% came from downstream activities like product use, distribution, and end-of-life treatment. a

What categories of Scope 3 emissions does Champion REIT disclose?

In 2023, Champion REIT reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Champion REIT's Scope 3 emissions?

In 2023, the largest contributors to Champion REIT's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 5,836.3 tCO₂e (98.13%)
  • Purchased Goods and Services (Cat. 1): 108.1 tCO₂e (1.82%)
  • Employee Commuting (Cat. 7): 3.1 tCO₂e (0.05%)

Champion REIT's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(1.8%)Downstream LeasedAssets (Cat. 13)(98.1%)

Insights into Champion REIT's Total Carbon Footprint

In 2023, Champion REIT reported a total carbon footprint of 23,849.5 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 34.13% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Champion REIT's total carbon footprint was Scope 2 emissions, accounting for 74.28% of the company's total carbon footprint, followed by Scope 3 emissions at 24.94%. a

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