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)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 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).

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.

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).

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.

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.

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

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.

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.

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

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).

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.

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.

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.

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:

  • 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

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

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.

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%.