Chow Tai Fook Jewellery Group Ltd

Common Name
Chow Tai Fook Jewellery Group
Country
Hong Kong
Sector
Consumer Cyclical
Industry
Luxury Goods
Employees
26,500
Ticker
1929
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Chow Tai Fook Jewellery Group Limited is a leading global enterprise specializing in the design, manufacture, and retailing of a vast selection of luxury jewelry and watch products. Originating from H...

Chow Tai Fook Jewellery Group's Climate Target Data Preview

As of 2024, Chow Tai Fook Jewellery Group has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Chow Tai Fook Jewellery Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Hong Kong Dollar (HKD) of Revenue
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a
2029
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Verified Sources Behind Chow Tai Fook Jewellery Group’s Climate Targets Data

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a. Chow Tai Fook Jewellery Group's Sustainability Report 2024
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Insights into Chow Tai Fook Jewellery Group's Greenhouse Gas Emissions Pathways

As of 2024, Chow Tai Fook Jewellery Group has set greenhouse gas (GHG) emissions reduction targets that cover only its total carbon footprint, without separate targets for operational (Scope 1 and 2) or value chain (Scope 3) emissions. This limits the ability to track progress across distinct emissions categories. a

Does Chow Tai Fook Jewellery Group have a target to reduce its total carbon footprint?

As of 2024, Chow Tai Fook Jewellery Group has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources. a

Chow Tai Fook Jewellery Group's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Hong Kong Dollar (HKD) of Revenue in 2019, by 50% by 2029. a

As of 2024, Chow Tai Fook Jewellery Group is ahead of schedule on its total carbon footprint reduction target, having achieved 68.88% of the planned reduction. a

Chow Tai Fook Jewellery Group's Carbon Footprint (Scope 1+2+3) Emissions Pathway

20192024202900000BaselineCurrent (-34%)Target 2029 (-50%)
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