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Redco Properties Group Ltd

Common Name
Redco Properties Group
Country
China (Mainland)
Sector
Real Estate
Industry
Real Estate - Development
Employees
1,857
Ticker
1622
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Redco Properties Group Ltd. is a prominent real estate company primarily focused on property development and management in China. The core function of Redco Properties is to develop residential and co...

Redco Properties Group's GHG Emissions Data Preview

In 2023, Redco Properties Group 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) and Scope 2 (indirect emissions from purchased energy).

However, Redco Properties Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020-2019
Total Scope 1
165a
170a
N/A
Total Scope 2
Unspecified Calculation Method
7,339a
13,472a
28,565b
Total Scope 3
N/AN/AN/A
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.2196a
0.0635a
N/A
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Verified Sources Behind Redco Properties Group’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 Redco Properties Group’s data sources below and access millions more through our Disclosure Search.

a. Redco Properties Group's Annual Report 2023
b. Redco Properties Group's Annual Report 2021

Insights into Redco Properties Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Redco Properties Group amounted to 7,504 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 Redco Properties Group decreased by 44.99%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Redco Properties Group's Scope 1 Emissions Over Time

2022202304590135180tCO2e-3%
  • Total Scope 1
  • Year-over-Year Change

What are Redco Properties Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Redco Properties Group were 165 metric tons of CO₂ equivalent (tCO₂e).a

Compared to the previous year (2022), Redco Properties Group's Scope 1 emissions decreased by 2.94%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Redco Properties Group's Scope 2 emissions?

In 2023, Redco Properties Group reported Scope 2 greenhouse gas (GHG) emissions of 7,339 tCO₂e without specifying the calculation method.a

Has Redco Properties Group reduced its Scope 2 emissions over time?

Since 2020, Redco Properties Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 65.92%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year (2022), Redco Properties Group's Scope 2 emissions (Unspecified Calculation Method) fell by 45.52% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Redco Properties Group use for Scope 2 reporting?

In 2023, Redco Properties Group reported its Scope 2 emissions using an unspecified methodology.a

Redco Properties Group's Scope 2 Emissions Over Time

202020212022202307.5 k15 k22.5 k30 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Redco Properties Group’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Redco Properties Group reported Scope 1 greenhouse gas (GHG) emissions of 165 tCO₂e and total revenues of USD 751 millions. This translates into an emissions intensity of 0.22 tCO₂e per millions USD.a

Redco Properties Group's Scope 1 Emissions Intensity Compared to Peers

202002,00020,000200,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)Guangzhou R&F PropertiesYear: 2024Scope 1: 100,316 tCO2eRevenue: $M 2,425Scope 1 Intensity: 41.36 tCO2e/$MShui On Land LtdYear: 2024Scope 1: 9,867 tCO2eRevenue: $M 1,120Scope 1 Intensity: 8.81 tCO2e/$MMidea Real Estate HoldingYear: 2021Scope 1: 69 tCO2eRevenue: $M 11,578Scope 1 Intensity: 0.01 tCO2e/$MLogan GroupYear: 2024Scope 1: 316 tCO2eRevenue: $M 3,189Scope 1 Intensity: 0.10 tCO2e/$MZhuhai Huafa PropertiesYear: 2024Scope 1: 798 tCO2eRevenue: $M 8,219Scope 1 Intensity: 0.10 tCO2e/$MRadiance Holdings (Group)Year: 2024Scope 1: 110 tCO2eRevenue: $M 3,392Scope 1 Intensity: 0.03 tCO2e/$MFinancial Street HoldingsYear: 2024Scope 1: 3,088 tCO2eRevenue: $M 2,614Scope 1 Intensity: 1.18 tCO2e/$MBeijing Capital DevelopmentYear: 2024Scope 1: 3,374 tCO2eRevenue: $M 3,318Scope 1 Intensity: 1.02 tCO2e/$MGrandjoy Holdings GroupYear: 2024Scope 1: 13,688 tCO2eRevenue: $M 4,904Scope 1 Intensity: 2.79 tCO2e/$MCountry Garden HoldingsYear: 2024Scope 1: 4,423 tCO2eRevenue: $M 34,636Scope 1 Intensity: 0.13 tCO2e/$MGemdaleYear: 2024Scope 1: 1,320 tCO2eRevenue: $M 10,327Scope 1 Intensity: 0.13 tCO2e/$MSeazen GroupYear: 2024Scope 1: 34,634 tCO2eRevenue: $M 12,226Scope 1 Intensity: 2.83 tCO2e/$MSunac China HoldingsYear: 2024Scope 1: 32,396 tCO2eRevenue: $M 10,142Scope 1 Intensity: 3.19 tCO2e/$MGreentown China HoldingsYear: 2024Scope 1: 596 tCO2eRevenue: $M 21,744Scope 1 Intensity: 0.03 tCO2e/$MSeazen HoldingsYear: 2024Scope 1: 34,634 tCO2eRevenue: $M 12,195Scope 1 Intensity: 2.84 tCO2e/$MChina VankeYear: 2024Scope 1: 14,570 tCO2eRevenue: $M 47,016Scope 1 Intensity: 0.31 tCO2e/$MLujiazuiYear: 2024Scope 1: 9,166 tCO2eRevenue: $M 2,007Scope 1 Intensity: 4.57 tCO2e/$MChina Merchants ShekouYear: 2024Scope 1: 58,525 tCO2eRevenue: $M 24,520Scope 1 Intensity: 2.39 tCO2e/$MLongfor Group HoldingsYear: 2024Scope 1: 25,105 tCO2eRevenue: $M 17,467Scope 1 Intensity: 1.44 tCO2e/$MPoly Developments and Holdings GroupYear: 2024Scope 1: 10,862 tCO2eRevenue: $M 42,713Scope 1 Intensity: 0.25 tCO2e/$MChina SCE Group HoldingsYear: 2024Scope 1: 272 tCO2eRevenue: $M 5,586Scope 1 Intensity: 0.05 tCO2e/$MChina Aoyuan GroupYear: 2023Scope 1: 104 tCO2eRevenue: $M 3,880Scope 1 Intensity: 0.03 tCO2e/$MGreenland Hong Kong HoldingsYear: 2024Scope 1: 1,083 tCO2eRevenue: $M 2,093Scope 1 Intensity: 0.52 tCO2e/$MKWG Group HoldingsYear: 2023Scope 1: 3,485 tCO2eRevenue: $M 2,224Scope 1 Intensity: 1.57 tCO2e/$MPowerlongYear: 2024Scope 1: 11,404 tCO2eRevenue: $M 3,529Scope 1 Intensity: 3.23 tCO2e/$MRedco Properties GroupYear: 2023Scope 1: 165 tCO2eRevenue: $M 751Scope 1 Intensity: 0.22 tCO2e/$M

How does Redco Properties Group's GHG emissions intensity compare to its peers?

In 2023, Redco Properties Group reported a Scope 1 emissions intensity of 0.22 tCO₂e per millions USD. Compared to the peer group median of 1.02, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Redco Properties Group rank on GHG emissions intensity within its industry?

In 2023, Redco Properties Group ranked 10 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

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

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