New World Development Co Ltd
New World Development's GHG Emissions Data Preview
In 2024, New World Development 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).
New World Development has also provided a category-level breakdown for 9 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.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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bVerified Sources Behind New World Development’s Greenhouse Gas (GHG) Emissions Data
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Insights into New World Development's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of New World Development amounted to 158,302 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 New World Development increased by 34.89%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
New World Development's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are New World Development's Scope 1 emissions?
In 2024, the total Scope 1 emissions of New World Development were 9,701 metric tons of CO₂ equivalent (tCO₂e). a
Has New World Development reduced its Scope 1 emissions over time?
Since 2021, New World Development's Scope 1 emissions have decreased by 77.13%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), New World Development's Scope 1 emissions increased by 20.9%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are New World Development's Scope 2 emissions?
In 2024, New World Development reported Scope 2 greenhouse gas (GHG) emissions of 148,601 tCO₂e without specifying the calculation method. a
Has New World Development reduced its Scope 2 emissions over time?
Since 2021, New World Development's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 41.79%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2023), New World Development's Scope 2 emissions (Unspecified Calculation Method) rose by 35.92% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b
What methodology does New World Development use for Scope 2 reporting?
In 2024, New World Development reported its Scope 2 emissions using an unspecified methodology. a
New World Development's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into New World Development's Value Chain Emissions
In 2024, New World Development reported 1,620,359 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 New World Development includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, down from 9 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a
New World Development's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are New World Development's Scope 3 emissions?
In 2024, New World Development reported total Scope 3 emissions of 1,620,359 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 85% of these emissions originated from upstream activities such as purchased goods and capital goods, while 15% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), New World Development's Scope 3 emissions increased by 113.35%, suggesting that the company faced challenges in reducing emissions across its value chain. a b
What categories of Scope 3 emissions does New World Development disclose?
In 2024, New World Development 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.
What are the main sources of New World Development's Scope 3 emissions?
In 2024, the largest contributors to New World Development's Scope 3 emissions were: a
- Capital Goods (Cat. 2): 1,329,681 tCO₂e (85%)
- Use of Sold Products (Cat. 11): 97,028 tCO₂e (6.2%)
- Downstream Leased Assets (Cat. 13): 89,010 tCO₂e (5.69%)
New World Development's Scope 3 Emissions by Categories
Insights into New World Development’s GHG Emissions Intensity Compared to Industry Peers
In 2024, New World Development reported Scope 1 greenhouse gas (GHG) emissions of 9,701 tCO₂e and total revenues of USD 4,583 millions. This translates into an emissions intensity of 2.12 tCO₂e per millions USD. a
New World Development's Scope 1 Emissions Intensity Compared to Peers
How does New World Development's GHG emissions intensity compare to its peers?
In 2024, New World Development reported a Scope 1 emissions intensity of 2.12 tCO₂e per millions USD. Compared to the peer group median of 3.16 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does New World Development rank on GHG emissions intensity within its industry?
In 2024, New World Development ranked 11 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
New World Development is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into New World Development's Total Carbon Footprint
In 2024, New World Development reported a total carbon footprint of 1,778,661 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 102.85% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to New World Development's total carbon footprint was Scope 3 emissions, accounting for 91.1% of the company's total carbon footprint, followed by Scope 2 emissions at 8.35%. a