Sino-Ocean Group Holding Ltd

Common Name
Sino-Ocean Group Holding
Country
China (Mainland)
Sector
Real Estate
Industry
Real Estate - Development
Employees
12,586
Ticker
3377
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Sino-Ocean Group Holding Limited is a prominent real estate company specializing in property development, property investment, and property management, primarily within the urban hubs of China. Engage...

Sino-Ocean Group Holding's Climate Target Data Preview

As of 2024, Sino-Ocean Group Holding has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Sino-Ocean Group Holding ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Renminbi/Chinese Yuan (RMB) of Revenue
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a
2025
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Sino-Ocean Group Holding’s Climate Targets Data

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a. Sino-Ocean Group Holding's Sustainable Development Report 2024
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Insights into Sino-Ocean Group Holding's Greenhouse Gas Emissions Pathways

As of 2024, Sino-Ocean Group Holding has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does Sino-Ocean Group Holding have a target to reduce the emissions from its operations?

As of 2024, Sino-Ocean Group Holding has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Sino-Ocean Group Holding's most ambitious operational target is to reduce these emissions by 19% by 2025, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Renminbi/Chinese Yuan (RMB) of Revenue in 2020. a

Instead of reducing operational emissions, Sino-Ocean Group Holding has increased them, with 2024 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target. a

Sino-Ocean Group Holding's Operational (Scope 1+2) Emissions Pathway

20202024202500000BaselineCurrent (+76%)Target 2025 (-19%)
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