Power Assets Holdings Ltd

Common Name
Power Assets Holdings
Country
Hong Kong
Sector
Utilities
Industry
Utilities - Independent Power Producers
Employees
14
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)2024202320222021 - 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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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

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).

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.

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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

What are Power Assets Holdings's Scope 2 emissions?

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

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.

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.

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.

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 COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

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

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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

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:

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

Power Assets Holdings's Scope 3 Emissions by Categories

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

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 COâ‚‚ equivalent (tCOâ‚‚e) 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.

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%.

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