Shangri-La Asia Ltd

Common Name
Shangri-La Asia
Country
Hong Kong
Sector
Consumer Cyclical
Industry
Lodging
Employees
25,500
Ticker
69
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties worldwide. It operates through Hotel Properties, Hotel Management ...

Shangri-La Asia's GHG Emissions Data Preview

In 2023, Shangri-La Asia 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).

Shangri-La Asia 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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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Insights into Shangri-La Asia's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Shangri-La Asia amounted to 869,000 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 2022, the total operational greenhouse gas (GHG) emissions of Shangri-La Asia increased by 16.02%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Shangri-La Asia's Scope 1 Emissions Over Time

20222023040 k80 k120 k160 ktCO2e+40%
  • Total Scope 1
  • Year-over-Year Change

What are Shangri-La Asia's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Shangri-La Asia were 150,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e). a

Compared to the previous year (2022), Shangri-La Asia's Scope 1 emissions increased by 40.19%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Shangri-La Asia's Scope 2 emissions?

In 2023, Shangri-La Asia reported Scope 2 greenhouse gas (GHG) emissions of 717,000 tCOâ‚‚e using the market-based method and 719,000 tCOâ‚‚e using the location-based method. a

Has Shangri-La Asia reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Shangri-La Asia's Scope 2 emissions (Location-Based) rose by 11.99% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Shangri-La Asia use for Scope 2 reporting?

In 2023, Shangri-La Asia reported its Scope 2 emissions using the market-based method and using the location-based method. a

Shangri-La Asia's Scope 2 Emissions Over Time

202220230200 k400 k600 k800 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Shangri-La Asia's Value Chain Emissions

In 2023, Shangri-La Asia reported 71,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Shangri-La Asia 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

Shangri-La Asia's Scope 3 Emissions Over Time

20222023025 k50 k75 k100 ktCO2e-17%
  • Total Scope 3
  • Year-over-Year Change

What are Shangri-La Asia's Scope 3 emissions?

In 2023, Shangri-La Asia reported total Scope 3 emissions of 71,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e). 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

Compared to the previous year (2022), Shangri-La Asia's Scope 3 emissions decreased by 17.44%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Shangri-La Asia disclose?

In 2023, Shangri-La Asia 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 Shangri-La Asia's Scope 3 emissions?

In 2023, the largest contributors to Shangri-La Asia's Scope 3 emissions were: a

  • Fuel- and Energy-Related Services (Cat. 3): 40,000 tCOâ‚‚e (56.34%)
  • Waste Generated in Operations (Cat. 5): 30,000 tCOâ‚‚e (42.25%)
  • Business Travel (Cat. 6): 1,000 tCOâ‚‚e (1.41%)

Shangri-La Asia's Scope 3 Emissions by Categories

Waste Generated inOperations (Cat. 5)(42.3%)Fuel- andEnergy-RelatedServices (Cat. 3)(56.3%)Business Travel(Cat. 6)(1.4%)

Insights into Shangri-La Asia's Total Carbon Footprint

In 2023, Shangri-La Asia reported a total carbon footprint of 940,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.57% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Shangri-La Asia's total carbon footprint was Scope 2 emissions, accounting for 76.49% of the company's total carbon footprint, followed by Scope 1 emissions at 15.96%. a

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