Power Assets Holdings Ltd

Common Name
Power Assets Holdings
Country
Hong Kong
Sector
Utilities
Industry
Utilities - Independent Power Producers
Employees
16
Ticker
6
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Power Assets Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally....

Power Assets Holdings's GHG Emissions Data Preview

In 2023, Power Assets Holdings 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).

Power Assets Holdings has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Power Assets Holdings’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. Explore Power Assets Holdings’s data sources below and access millions more through our Disclosure Search.

a. Power Assets Holdings's Sustainability Report 2023
a. Power Assets Holdings's Sustainability Report 2023

Insights into Power Assets Holdings's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Power Assets Holdings amounted to 7,632,026 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 2022, the total operational greenhouse gas (GHG) emissions of Power Assets Holdings decreased by 1.57%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Power Assets Holdings's Scope 1 Emissions Over Time

20212022202302 M4 M6 M8 MtCO2e-1%-1%
  • Total Scope 1
  • Year-over-Year Change

What are Power Assets Holdings's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Power Assets Holdings were 6,875,967 metric tons of CO₂ equivalent (tCO₂e). a

Has Power Assets Holdings reduced its Scope 1 emissions over time?

Since 2021, Power Assets Holdings's Scope 1 emissions have decreased by 1.51%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Power Assets Holdings's Scope 1 emissions remained relatively stable, indicating that Power Assets Holdings's emissions have plateaued with no significant change in its operational footprint. a

What are Power Assets Holdings's Scope 2 emissions?

In 2023, Power Assets Holdings reported Scope 2 greenhouse gas (GHG) emissions of 348,851 tCO₂e using the market-based method and 756,059 tCO₂e using the location-based method. a

Has Power Assets Holdings reduced its Scope 2 emissions over time?

Since 2021, Power Assets Holdings's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 24.01%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Power Assets Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Power Assets Holdings 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Power Assets Holdings use for Scope 2 reporting?

In 2023, Power Assets Holdings reported its Scope 2 emissions using the market-based method and using the location-based method. a

Power Assets Holdings's Scope 2 Emissions Over Time

2021202220230250 k500 k750 k1 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Power Assets Holdings's Value Chain Emissions

In 2023, Power Assets Holdings reported 705,633 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 2023 disclosure of Power Assets Holdings includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Power Assets Holdings's Scope 3 Emissions Over Time

20230200 k400 k600 k800 ktCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Power Assets Holdings's Scope 3 emissions?

In 2023, Power Assets Holdings reported total Scope 3 emissions of 705,633 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

What categories of Scope 3 emissions does Power Assets Holdings disclose?

In 2023, Power Assets Holdings reported emissions for 3 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 Power Assets Holdings's Scope 3 emissions?

In 2023, the largest contributors to Power Assets Holdings's Scope 3 emissions were: a

  • Fuel- and Energy-Related Services (Cat. 3): 465,717.78 tCO₂e (66.67%)
  • Purchased Goods and Services (Cat. 1): 127,013.94 tCO₂e (18.18%)
  • Capital Goods (Cat. 2): 105,844.95 tCO₂e (15.15%)

Power Assets Holdings's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(66.7%)Capital Goods(Cat. 2)(15.2%)Purchased Goods andServices (Cat. 1)(18.2%)

Insights into Power Assets Holdings’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Power Assets Holdings reported Scope 1 greenhouse gas (GHG) emissions of 6,875,967 tCO₂e and total revenues of USD 840 millions. This translates into an emissions intensity of 8,190.07 tCO₂e per millions USD. a

Power Assets Holdings's Scope 1 Emissions Intensity Compared to Peers

50020,0001,000,00020,000,0001,000,000,000Scope 1 Emissions (tCO2e)1005002,00010,000100,000Revenues (Millions of USD)CCBBZCNRG EnergyYear: 2023Scope 1: 26,835,867 tCO2eRevenue: $M 28,823Scope 1 Intensity: 931.06 tCO2e/$MCentricaYear: 2024Scope 1: 1,726,177 tCO2eRevenue: $M 24,989Scope 1 Intensity: 69.08 tCO2e/$MCK PowerYear: 2023Scope 1: 719,930 tCO2eRevenue: $M 299Scope 1 Intensity: 2,409.86 tCO2e/$MCCCGN New Energy HoldingsYear: 2023Scope 1: 16,195,260 tCO2eRevenue: $M 17,079Scope 1 Intensity: 948.25 tCO2e/$MCCChina Resources Gas GroupYear: 2024Scope 1: 38,715 tCO2eRevenue: $M 13,221Scope 1 Intensity: 2.93 tCO2e/$MBBBanpu PowerYear: 2023Scope 1: 5,406,989 tCO2eRevenue: $M 884Scope 1 Intensity: 6,115.11 tCO2e/$MBBBEWGYear: 2024Scope 1: 13,800 tCO2eRevenue: $M 3,402Scope 1 Intensity: 4.06 tCO2e/$MKyushu Electric PowerYear: 2023Scope 1: 17,800,000 tCO2eRevenue: $M 16,676Scope 1 Intensity: 1,067.38 tCO2e/$MOPC EnergyYear: 2023Scope 1: 1,935,886 tCO2eRevenue: $M 708Scope 1 Intensity: 2,735.72 tCO2e/$MPampa EnergiaYear: 2023Scope 1: 8,349,381 tCO2eRevenue: $M 1,732Scope 1 Intensity: 4,820.66 tCO2e/$MZZZhejiang Zheneng Electric PowerYear: 2023Scope 1: 136,000,000 tCO2eRevenue: $M 13,504Scope 1 Intensity: 10,070.85 tCO2e/$MTorrent PowerYear: 2023Scope 1: 3,310,000 tCO2eRevenue: $M 3,094Scope 1 Intensity: 1,069.77 tCO2e/$MJSW EnergyYear: 2024Scope 1: 18,524,364 tCO2eRevenue: $M 1,370Scope 1 Intensity: 13,520.06 tCO2e/$MCCCR PowerYear: 2024Scope 1: 146,391,900 tCO2eRevenue: $M 13,557Scope 1 Intensity: 10,798.47 tCO2e/$MCapital PowerYear: 2024Scope 1: 17,431,328 tCO2eRevenue: $M 2,621Scope 1 Intensity: 6,651.17 tCO2e/$MBGrimm PowerYear: 2021Scope 1: 5,582,079 tCO2eRevenue: $M 1,402Scope 1 Intensity: 3,980.53 tCO2e/$MGunkul EngineeringYear: 2023Scope 1: 2,707 tCO2eRevenue: $M 221Scope 1 Intensity: 12.26 tCO2e/$MReliance PowerYear: 2023Scope 1: 30,525,298 tCO2eRevenue: $M 857Scope 1 Intensity: 35,636.07 tCO2e/$MJaiprakash Power VenturesYear: 2023Scope 1: 6,904,301 tCO2eRevenue: $M 704Scope 1 Intensity: 9,808.31 tCO2e/$MTata PowerYear: 2025Scope 1: 41,352,681 tCO2eRevenue: $M 7,506Scope 1 Intensity: 5,509.64 tCO2e/$MAdani PowerYear: 2025Scope 1: 172,847,665 tCO2eRevenue: $M 6,570Scope 1 Intensity: 26,309.95 tCO2e/$MAdani Energy SolutionsYear: 2024Scope 1: 2,663,319 tCO2eRevenue: $M 1,961Scope 1 Intensity: 1,358.01 tCO2e/$MTransAltaYear: 2023Scope 1: 10,871,000 tCO2eRevenue: $M 2,534Scope 1 Intensity: 4,289.69 tCO2e/$MVistraYear: 2023Scope 1: 86,326,790 tCO2eRevenue: $M 14,779Scope 1 Intensity: 5,841.18 tCO2e/$MPower Assets HoldingsYear: 2023Scope 1: 6,875,967 tCO2eRevenue: $M 840Scope 1 Intensity: 8,190.07 tCO2e/$M

How does Power Assets Holdings's GHG emissions intensity compare to its peers?

In 2023, Power Assets Holdings reported a Scope 1 emissions intensity of 8,190.07 tCO₂e per millions USD. Compared to the peer group median of 4,135.11 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Power Assets Holdings rank on GHG emissions intensity within its industry?

In 2023, Power Assets Holdings ranked 19 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Power Assets Holdings's Total Carbon Footprint

In 2023, Power Assets Holdings reported a total carbon footprint of 8,337,659 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.53% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Power Assets Holdings's total carbon footprint was Scope 1 emissions, accounting for 82.47% of the company's total carbon footprint, followed by Scope 2 emissions at 9.07%. a

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