China Vanke Co Ltd

Common Name
China Vanke
Country
China (Mainland)
Sector
Real Estate
Industry
Real Estate - Development
Employees
127,638
Ticker
000002
Exchange
SHENZHEN STOCK EXCHANGE
Description
China Vanke Co., Ltd. is a prominent real estate development and management company in China, primarily engaged in property development, property services, and the management of commercial properties....

China Vanke's GHG Emissions Data Preview

In 2024, China Vanke 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).

China Vanke has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 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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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind China Vanke’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore China Vanke’s data sources below and access millions more through our Disclosure Search.

a. China Vanke's Sustainability Report 2024
a. China Vanke's Sustainability Report 2024
b. China Vanke's Sustainability Report 2023
b. China Vanke's Sustainability Report 2023

Insights into China Vanke's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of China Vanke amounted to 275,897.031 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 China Vanke increased by 35.42%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

China Vanke's Scope 1 Emissions Over Time

202120222023202406.5 k13 k19.5 k26 ktCO2e+167%-69%+87%
  • Total Scope 1
  • Year-over-Year Change

What are China Vanke's Scope 1 emissions?

In 2024, the total Scope 1 emissions of China Vanke were 14,570.198 metric tons of CO₂ equivalent (tCO₂e). a

Has China Vanke reduced its Scope 1 emissions over time?

Since 2021, China Vanke's Scope 1 emissions have increased by 53.82%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), China Vanke's Scope 1 emissions increased by 86.62%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are China Vanke's Scope 2 emissions?

In 2024, China Vanke reported Scope 2 greenhouse gas (GHG) emissions of 261,326.833 tCO₂e without specifying the calculation method. a

Has China Vanke reduced its Scope 2 emissions over time?

Since 2021, China Vanke's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 16.15%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), China Vanke's Scope 2 emissions (Unspecified Calculation Method) rose by 33.38% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does China Vanke use for Scope 2 reporting?

In 2024, China Vanke reported its Scope 2 emissions using an unspecified methodology. a

China Vanke's Scope 2 Emissions Over Time

2021202220232024090 k180 k270 k360 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into China Vanke's Value Chain Emissions

In 2024, China Vanke reported 181,473.977 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 China Vanke includes a breakdown across 2 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

China Vanke's Scope 3 Emissions Over Time

2021202220232024090 k180 k270 k360 ktCO2e+70%-23%-34%
  • Total Scope 3
  • Year-over-Year Change

What are China Vanke's Scope 3 emissions?

In 2024, China Vanke reported total Scope 3 emissions of 181,473.977 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 3.23% of these emissions originated from upstream activities such as purchased goods and capital goods, while 96.77% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has China Vanke reduced its Scope 3 emissions over time?

Since 2021, China Vanke's Scope 3 emissions have decreased by 13.51%, reflecting a declining long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), China Vanke's Scope 3 emissions decreased by 34%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does China Vanke disclose?

In 2024, China Vanke reported emissions for 2 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 China Vanke's Scope 3 emissions?

In 2024, the largest contributors to China Vanke's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 175,615.153 tCO₂e (96.77%)
  • Business Travel (Cat. 6): 5,858.824 tCO₂e (3.23%)

China Vanke's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(96.8%)Business Travel(Cat. 6)(3.2%)

Insights into China Vanke’s GHG Emissions Intensity Compared to Industry Peers

In 2024, China Vanke reported Scope 1 greenhouse gas (GHG) emissions of 14,570.198 tCO₂e and total revenues of USD 47,016 millions. This translates into an emissions intensity of 0.31 tCO₂e per millions USD. a

China Vanke's Scope 1 Emissions Intensity Compared to Peers

2050010,000200,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)ZGRCGCMZZZhongliang Holdings GroupYear: 2024Scope 1: 1,610 tCO2eRevenue: $M 5,946Scope 1 Intensity: 0.27 tCO2e/$MCountry Garden HoldingsYear: 2024Scope 1: 4,423 tCO2eRevenue: $M 37,803Scope 1 Intensity: 0.12 tCO2e/$MZhenro Properties GroupYear: 2022Scope 1: 363 tCO2eRevenue: $M 4,061Scope 1 Intensity: 0.09 tCO2e/$MGGGuangzhou R&F PropertiesYear: 2023Scope 1: 106,297 tCO2eRevenue: $M 5,577Scope 1 Intensity: 19.06 tCO2e/$MGemdaleYear: 2022Scope 1: 9,166 tCO2eRevenue: $M 17,265Scope 1 Intensity: 0.53 tCO2e/$MChina SCE Group HoldingsYear: 2024Scope 1: 272 tCO2eRevenue: $M 6,115Scope 1 Intensity: 0.04 tCO2e/$MSino-Ocean Group HoldingYear: 2024Scope 1: 18,802 tCO2eRevenue: $M 3,537Scope 1 Intensity: 5.32 tCO2e/$MRRRedco Properties GroupYear: 2023Scope 1: 165 tCO2eRevenue: $M 820Scope 1 Intensity: 0.20 tCO2e/$MChina Aoyuan GroupYear: 2023Scope 1: 104 tCO2eRevenue: $M 4,226Scope 1 Intensity: 0.02 tCO2e/$MSeazen HoldingsYear: 2023Scope 1: 43,527 tCO2eRevenue: $M 16,769Scope 1 Intensity: 2.60 tCO2e/$MShui On Land LtdYear: 2024Scope 1: 9,867 tCO2eRevenue: $M 1,225Scope 1 Intensity: 8.06 tCO2e/$MSeazen GroupYear: 2023Scope 1: 43,527 tCO2eRevenue: $M 18,384Scope 1 Intensity: 2.37 tCO2e/$MSunac China HoldingsYear: 2024Scope 1: 32,396 tCO2eRevenue: $M 11,047Scope 1 Intensity: 2.93 tCO2e/$MCCCentral China Real EstateYear: 2023Scope 1: 126 tCO2eRevenue: $M 2,965Scope 1 Intensity: 0.04 tCO2e/$MKaisa Group HoldingsYear: 2023Scope 1: 1 tCO2eRevenue: $M 4,133Scope 1 Intensity: 0.00 tCO2e/$MPoly Developments and Holdings GroupYear: 2023Scope 1: 7,983 tCO2eRevenue: $M 48,796Scope 1 Intensity: 0.16 tCO2e/$MGreentown China HoldingsYear: 2024Scope 1: 596 tCO2eRevenue: $M 23,642Scope 1 Intensity: 0.03 tCO2e/$MGGGreenland Hong Kong HoldingsYear: 2024Scope 1: 1,083 tCO2eRevenue: $M 2,289Scope 1 Intensity: 0.47 tCO2e/$MCCChina Merchants ShekouYear: 2023Scope 1: 81,499 tCO2eRevenue: $M 24,624Scope 1 Intensity: 3.31 tCO2e/$MMMMidea Real Estate HoldingYear: 2021Scope 1: 69 tCO2eRevenue: $M 11,578Scope 1 Intensity: 0.01 tCO2e/$MYuzhou Group HoldingsYear: 2023Scope 1: 75 tCO2eRevenue: $M 3,303Scope 1 Intensity: 0.02 tCO2e/$MPowerlongYear: 2024Scope 1: 11,404 tCO2eRevenue: $M 3,860Scope 1 Intensity: 2.95 tCO2e/$MLongfor Group HoldingsYear: 2024Scope 1: 25,105 tCO2eRevenue: $M 19,015Scope 1 Intensity: 1.32 tCO2e/$MChina VankeYear: 2024Scope 1: 14,570 tCO2eRevenue: $M 47,016Scope 1 Intensity: 0.31 tCO2e/$M

How does China Vanke's GHG emissions intensity compare to its peers?

In 2024, China Vanke reported a Scope 1 emissions intensity of 0.31 tCO₂e per millions USD. Compared to the peer group median of 0.27 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does China Vanke rank on GHG emissions intensity within its industry?

In 2024, China Vanke ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

China Vanke is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into China Vanke's Total Carbon Footprint

In 2024, China Vanke reported a total carbon footprint of 457,371.008 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.45% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to China Vanke's total carbon footprint was Scope 2 emissions, accounting for 57.14% of the company's total carbon footprint, followed by Scope 3 emissions at 39.68%. a

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