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CTF Services Ltd

Common Name
CTF Services
Country
Hong Kong
Sector
Industrials
Industry
Engineering & Construction
Employees
10,800
Ticker
659
Exchange
Hong Kong Exchanges and Clearing Limited
Description
CTF Services Limited is a conglomerate company with a diversified portfolio of businesses in toll roads, insurance, logistics, construction, and facilities management primarily in Hong Kong and the Ma...

CTF Services's GHG Emissions Data Preview

In 2025, CTF Services 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).

CTF Services 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)2025202420232022-2019
Total Scope 1
26,131a
28,284a
32,918a
Total Scope 2
Market-Based
57,247a
58,568a
51,447a
Location-Based
62,037a
58,568a
51,447a
Unspecified Calculation Method
N/AN/AN/A
Total Scope 3
2,806,782a
2,998,030a
3,724,970a
Total Scope 1 Revenue Intensity (tCO2e/$M)
N/A
8.3585a
9.5116a
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Verified Sources Behind CTF Services’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.

a. CTF Services's ESG Report 2025
b. CTF Services's Sustainability Report 2023

Insights into CTF Services's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of CTF Services amounted to 88,168 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 2024, the total operational greenhouse gas (GHG) emissions of CTF Services increased by 1.52%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

CTF Services's Scope 1 Emissions Over Time

2021202220232024202508.5 k17 k25.5 k34 ktCO2e-22%+73%-14%-8%
  • Total Scope 1
  • Year-over-Year Change

What are CTF Services's Scope 1 emissions?

In 2025, the total Scope 1 emissions of CTF Services were 26,131 metric tons of CO₂ equivalent (tCO₂e).a

Has CTF Services reduced its Scope 1 emissions over time?

Since 2021, CTF Services's Scope 1 emissions have increased by 7.66%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2024), CTF Services's Scope 1 emissions decreased by 7.61%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are CTF Services's Scope 2 emissions?

In 2025, CTF Services reported Scope 2 greenhouse gas (GHG) emissions of 57,247 tCO₂e using the market-based method and 62,037 tCO₂e using the location-based method.a

Has CTF Services reduced its Scope 2 emissions over time?

Compared to the previous year (2024), CTF Services's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that CTF Services's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does CTF Services use for Scope 2 reporting?

In 2025, CTF Services reported its Scope 2 emissions using the market-based method and using the location-based method.a

CTF Services's Scope 2 Emissions Over Time

20212022202320242025020 k40 k60 k80 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into CTF Services's Value Chain Emissions

In 2025, CTF Services reported 2,806,782 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 2025 disclosure of CTF Services includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

CTF Services's Scope 3 Emissions Over Time

2023202420250950 k1.9 M2.85 M3.8 MtCO2e-20%-6%
  • Total Scope 3
  • Year-over-Year Change

What are CTF Services's Scope 3 emissions?

In 2025, CTF Services reported total Scope 3 emissions of 2,806,782 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 23.68% of these emissions originated from upstream activities such as purchased goods and capital goods, while 76.32% came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2024), CTF Services's Scope 3 emissions remained relatively stable, indicating that CTF Services's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does CTF Services disclose?

In 2025, CTF Services 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 CTF Services's Scope 3 emissions?

In 2025, the largest contributors to CTF Services's Scope 3 emissions were:a

  • Investments (Cat. 15): 2,142,128 tCO₂e (76.32%)
  • Purchased Goods and Services (Cat. 1): 664,654 tCO₂e (23.68%)

CTF Services's Scope 3 Emissions by Categories

Investments(Cat. 15)(76.3%)Purchased Goods andServices (Cat. 1)(23.7%)

Insights into CTF Services’s GHG Emissions Intensity Compared to Industry Peers

In 2024, CTF Services reported Scope 1 greenhouse gas (GHG) emissions of 28,284 tCO₂e and total revenues of USD 3,384 millions. This translates into an emissions intensity of 8.36 tCO₂e per millions USD.a

CTF Services's Scope 1 Emissions Intensity Compared to Peers

52005,000200,0005,000,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)ArcosaYear: 2024Scope 1: 462,949 tCO2eRevenue: $M 2,570Scope 1 Intensity: 180.14 tCO2e/$MGamudaYear: 2025Scope 1: 71,340 tCO2eRevenue: $M 3,749Scope 1 Intensity: 19.03 tCO2e/$MEverus Construction GroupYear: 2024Scope 1: 53,350 tCO2eRevenue: $M 2,850Scope 1 Intensity: 18.72 tCO2e/$MTetra Tech Inc (Delaware)Year: 2024Scope 1: 10,300 tCO2eRevenue: $M 5,199Scope 1 Intensity: 1.98 tCO2e/$MKindenYear: 2024Scope 1: 14,925 tCO2eRevenue: $M 4,322Scope 1 Intensity: 3.45 tCO2e/$MCRHICYear: 2024Scope 1: 38,989 tCO2eRevenue: $M 3,974Scope 1 Intensity: 9.81 tCO2e/$MKalpataru Projects InternationalYear: 2025Scope 1: 82,563 tCO2eRevenue: $M 2,612Scope 1 Intensity: 31.61 tCO2e/$MTodaYear: 2024Scope 1: 55,932 tCO2eRevenue: $M 3,450Scope 1 Intensity: 16.21 tCO2e/$MDof GroupYear: 2025Scope 1: 752,767 tCO2eRevenue: $M 1,871Scope 1 Intensity: 402.33 tCO2e/$MVeidekkeYear: 2025Scope 1: 72,126 tCO2eRevenue: $M 4,284Scope 1 Intensity: 16.84 tCO2e/$MCHALIECOYear: 2021Scope 1: 18,904 tCO2eRevenue: $M 3,751Scope 1 Intensity: 5.04 tCO2e/$MAktorYear: 2024Scope 1: 80,322 tCO2eRevenue: $M 1,306Scope 1 Intensity: 61.51 tCO2e/$MKeller GroupYear: 2024Scope 1: 189,978 tCO2eRevenue: $M 3,748Scope 1 Intensity: 50.69 tCO2e/$MAecon GroupYear: 2024Scope 1: 107,693 tCO2eRevenue: $M 2,949Scope 1 Intensity: 36.51 tCO2e/$MPer Aarsleff HoldingYear: 2025Scope 1: 71,537 tCO2eRevenue: $M 3,556Scope 1 Intensity: 20.12 tCO2e/$MJGC HoldingsYear: 2024Scope 1: 73,443 tCO2eRevenue: $M 5,498Scope 1 Intensity: 13.36 tCO2e/$MComsys HoldingsYear: 2024Scope 1: 67,000 tCO2eRevenue: $M 3,772Scope 1 Intensity: 17.76 tCO2e/$MKoninklijke HeijmansYear: 2024Scope 1: 16,871 tCO2eRevenue: $M 2,689Scope 1 Intensity: 6.27 tCO2e/$MGek TernaYear: 2025Scope 1: 1,072,353 tCO2eRevenue: $M 4,533Scope 1 Intensity: 236.59 tCO2e/$ML & K EngineeringYear: 2024Scope 1: 198 tCO2eRevenue: $M 1,987Scope 1 Intensity: 0.10 tCO2e/$MSwecoYear: 2025Scope 1: 5,902 tCO2eRevenue: $M 3,434Scope 1 Intensity: 1.72 tCO2e/$MRail Vikas NigamYear: 2025Scope 1: 12 tCO2eRevenue: $M 2,311Scope 1 Intensity: 0.01 tCO2e/$MGranite ConstructionYear: 2024Scope 1: 229,298 tCO2eRevenue: $M 4,008Scope 1 Intensity: 57.22 tCO2e/$MCentral New Energy Holding GroupYear: 2023Scope 1: 149 tCO2eRevenue: $M 516Scope 1 Intensity: 0.29 tCO2e/$MChina State ConstructionYear: 2024Scope 1: 822,288 tCO2eRevenue: $M 13,562Scope 1 Intensity: 60.63 tCO2e/$MCTF ServicesYear: 2024Scope 1: 28,284 tCO2eRevenue: $M 3,384Scope 1 Intensity: 8.36 tCO2e/$M

How does CTF Services's GHG emissions intensity compare to its peers?

In 2024, CTF Services reported a Scope 1 emissions intensity of 8.36 tCO₂e per millions USD. Compared to the peer group median of 17.76, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does CTF Services rank on GHG emissions intensity within its industry?

In 2024, CTF Services ranked 9 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

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

Insights into CTF Services's Total Carbon Footprint

In 2025, CTF Services reported a total carbon footprint of 2,894,950 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.16% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to CTF Services's total carbon footprint was Scope 3 emissions, accounting for 96.95% of the company's total carbon footprint, followed by Scope 2 emissions at 2.14%.a

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