In 2024, Hong Kong and China Gas 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).
Hong Kong and China Gas 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) | 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 | ||||
Market-Based | 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 |
Location-Based | 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 |
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 Hong Kong and China Gas amounted to 2,146,000 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 Hong Kong and China Gas decreased by 3.07%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
In 2024, the total Scope 1 emissions of Hong Kong and China Gas were 1,628,000 metric tons of CO₂ equivalent (tCO₂e). a
Since 2018, Hong Kong and China Gas's Scope 1 emissions have increased by 101.73%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Hong Kong and China Gas's Scope 1 emissions increased by 2.01%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
In 2024, Hong Kong and China Gas reported Scope 2 greenhouse gas (GHG) emissions of 518,000 tCO₂e using the market-based method and 518,000 tCO₂e using the location-based method. a
Compared to the previous year (2023), Hong Kong and China Gas's Scope 2 emissions (Location-Based) fell by 16.18% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
In 2024, Hong Kong and China Gas reported its Scope 2 emissions using the market-based method and using the location-based method. a
In 2024, Hong Kong and China Gas reported 24,635,000 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 Hong Kong and China Gas includes a breakdown across 4 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, Hong Kong and China Gas reported total Scope 3 emissions of 24,635,000 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 15.42% of these emissions originated from upstream activities such as purchased goods and capital goods, while 84.58% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), Hong Kong and China Gas's Scope 3 emissions decreased by 10.6%, highlighting the company's efforts to lower indirect emissions from its value chain. a
In 2024, Hong Kong and China Gas 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.
In 2024, the largest contributors to Hong Kong and China Gas's Scope 3 emissions were: a
In 2024, Hong Kong and China Gas reported Scope 1 greenhouse gas (GHG) emissions of 1,628,000 tCO₂e and total revenues of USD 7,143 millions. This translates into an emissions intensity of 227.92 tCO₂e per millions USD. a
In 2024, Hong Kong and China Gas reported a Scope 1 emissions intensity of 227.92 tCO₂e per millions USD. Compared to the peer group median of 75.65 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
In 2024, Hong Kong and China Gas ranked 17 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Hong Kong and China Gas is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
In 2024, Hong Kong and China Gas reported a total carbon footprint of 26,781,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.04% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Hong Kong and China Gas's total carbon footprint was Scope 3 emissions, accounting for 91.99% of the company's total carbon footprint, followed by Scope 1 emissions at 6.08%. a