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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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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
In 2024, the total Scope 1 emissions of China Vanke were 14,570.198 metric tons of CO₂ equivalent (tCO₂e). a
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
In 2024, China Vanke reported Scope 2 greenhouse gas (GHG) emissions of 261,326.833 tCO₂e without specifying the calculation method. a
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
In 2024, China Vanke reported its Scope 2 emissions using an unspecified methodology. a
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
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
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
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.
In 2024, the largest contributors to China Vanke's Scope 3 emissions were: a
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
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
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
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