Wharf Real Estate Investment Company Ltd

Common Name
Wharf Real Estate Investment
Country
Hong Kong
Sector
Real Estate
Industry
Real Estate Services
Employees
2,900
Ticker
1997
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Wharf Real Estate Investment Company Limited is a prominent player in the real estate industry, founded to leverage and maximize value within the property sector, particularly in Hong Kong and mainlan...

Wharf Real Estate Investment's GHG Emissions Data Preview

In 2024, Wharf Real Estate Investment 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).

Wharf Real Estate Investment has also provided a category-level breakdown for 9 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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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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Verified Sources Behind Wharf Real Estate Investment’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 Wharf Real Estate Investment’s data sources below and access millions more through our Disclosure Search.

a. Wharf Real Estate Investment's Sustainability Report 2024
a. Wharf Real Estate Investment's Sustainability Report 2024
b. Wharf Real Estate Investment's Sustainability Report 2022
b. Wharf Real Estate Investment's Sustainability Report 2022

Insights into Wharf Real Estate Investment's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Wharf Real Estate Investment amounted to 148,166 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 2023, the total operational greenhouse gas (GHG) emissions of Wharf Real Estate Investment increased by 0.37%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Wharf Real Estate Investment's Scope 1 Emissions Over Time

2020202120222023202402.5 k5 k7.5 k10 ktCO2e-16%-7%+21%+13%
  • Total Scope 1
  • Year-over-Year Change

What are Wharf Real Estate Investment's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Wharf Real Estate Investment were 8,888 metric tons of CO₂ equivalent (tCO₂e). a

Has Wharf Real Estate Investment reduced its Scope 1 emissions over time?

Since 2020, Wharf Real Estate Investment's Scope 1 emissions have increased by 7.47%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Wharf Real Estate Investment's Scope 1 emissions increased by 13.18%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Wharf Real Estate Investment's Scope 2 emissions?

In 2024, Wharf Real Estate Investment reported Scope 2 greenhouse gas (GHG) emissions of 92,758 tCO₂e using the market-based method and 139,278 tCO₂e using the location-based method. a

Has Wharf Real Estate Investment reduced its Scope 2 emissions over time?

Since 2020, Wharf Real Estate Investment's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 52.87%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Wharf Real Estate Investment's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Wharf Real Estate Investment 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Wharf Real Estate Investment use for Scope 2 reporting?

In 2024, Wharf Real Estate Investment reported its Scope 2 emissions using the market-based method and using the location-based method. a

Wharf Real Estate Investment's Scope 2 Emissions Over Time

20202021202220232024035 k70 k105 k140 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Wharf Real Estate Investment's Value Chain Emissions

In 2024, Wharf Real Estate Investment reported 140,270 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Wharf Real Estate Investment includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 3 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Wharf Real Estate Investment's Scope 3 Emissions Over Time

202220232024040 k80 k120 k160 ktCO2e-24%+15417%
  • Total Scope 3
  • Year-over-Year Change

What are Wharf Real Estate Investment's Scope 3 emissions?

In 2024, Wharf Real Estate Investment reported total Scope 3 emissions of 140,270 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 45.98% of these emissions originated from upstream activities such as purchased goods and capital goods, while 54.02% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), Wharf Real Estate Investment's Scope 3 emissions increased by 15,416.59%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Wharf Real Estate Investment disclose?

In 2024, Wharf Real Estate Investment reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Wharf Real Estate Investment's Scope 3 emissions?

In 2024, the largest contributors to Wharf Real Estate Investment's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 75,772 tCO₂e (54.02%)
  • Purchased Goods and Services (Cat. 1): 23,358 tCO₂e (16.65%)
  • Fuel- and Energy-Related Services (Cat. 3): 14,857 tCO₂e (10.59%)

Wharf Real Estate Investment's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(10.6%)Downstream LeasedAssets (Cat. 13)(54.0%)Purchased Goods andServices (Cat. 1)(16.7%)

Insights into Wharf Real Estate Investment’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Wharf Real Estate Investment reported Scope 1 greenhouse gas (GHG) emissions of 8,888 tCO₂e and total revenues of USD 1,663 millions. This translates into an emissions intensity of 5.35 tCO₂e per millions USD. a

Wharf Real Estate Investment's Scope 1 Emissions Intensity Compared to Peers

5501,00020,000200,000Scope 1 Emissions (tCO2e)1005005,00020,000100,000Revenues (Millions of USD)PCCSwire PropertiesYear: 2024Scope 1: 9,039 tCO2eRevenue: $M 1,858Scope 1 Intensity: 4.87 tCO2e/$MKerry PropertiesYear: 2024Scope 1: 5,094 tCO2eRevenue: $M 2,511Scope 1 Intensity: 2.03 tCO2e/$MHenderson Land DevelopmentYear: 2024Scope 1: 13,137 tCO2eRevenue: $M 3,252Scope 1 Intensity: 4.04 tCO2e/$MHysan DevelopmentYear: 2023Scope 1: 1,754 tCO2eRevenue: $M 411Scope 1 Intensity: 4.27 tCO2e/$MWharf HoldingsYear: 2024Scope 1: 16,961 tCO2eRevenue: $M 1,560Scope 1 Intensity: 10.87 tCO2e/$MPPPoly Property GroupYear: 2023Scope 1: 8,576 tCO2eRevenue: $M 6,288Scope 1 Intensity: 1.36 tCO2e/$MChina OverseasYear: 2024Scope 1: 8,162 tCO2eRevenue: $M 27,621Scope 1 Intensity: 0.30 tCO2e/$MHang Lung PropertiesYear: 2024Scope 1: 4,292 tCO2eRevenue: $M 1,448Scope 1 Intensity: 2.97 tCO2e/$MHang Lung GroupYear: 2023Scope 1: 4,034 tCO2eRevenue: $M 1,393Scope 1 Intensity: 2.90 tCO2e/$MCCChina Jinmao Holdings GroupYear: 2024Scope 1: 37,799 tCO2eRevenue: $M 8,850Scope 1 Intensity: 4.27 tCO2e/$MShimao Group HoldingsYear: 2024Scope 1: 853 tCO2eRevenue: $M 8,986Scope 1 Intensity: 0.09 tCO2e/$MCOPLYear: 2023Scope 1: 34,559 tCO2eRevenue: $M 2,005Scope 1 Intensity: 17.24 tCO2e/$MRoad King InfrastructureYear: 2023Scope 1: 522 tCO2eRevenue: $M 1,675Scope 1 Intensity: 0.31 tCO2e/$MSun Hung Kai PropertiesYear: 2024Scope 1: 43,835 tCO2eRevenue: $M 9,158Scope 1 Intensity: 4.79 tCO2e/$MNew World DevelopmentYear: 2024Scope 1: 9,701 tCO2eRevenue: $M 4,583Scope 1 Intensity: 2.12 tCO2e/$MSino Land CoYear: 2024Scope 1: 3,865 tCO2eRevenue: $M 1,123Scope 1 Intensity: 3.44 tCO2e/$MLink REITYear: 2025Scope 1: 7,594 tCO2eRevenue: $M 1,828Scope 1 Intensity: 4.15 tCO2e/$MChina Overseas Grand Oceans GroupYear: 2023Scope 1: 1,680 tCO2eRevenue: $M 8,682Scope 1 Intensity: 0.19 tCO2e/$MShenzhen InvestmentYear: 2024Scope 1: 6,712 tCO2eRevenue: $M 2,005Scope 1 Intensity: 3.35 tCO2e/$MCCChina Resources Land LtdYear: 2024Scope 1: 34,913 tCO2eRevenue: $M 41,588Scope 1 Intensity: 0.84 tCO2e/$MCK Asset HoldingsYear: 2024Scope 1: 98,333 tCO2eRevenue: $M 5,862Scope 1 Intensity: 16.77 tCO2e/$MC&D International GroupYear: 2024Scope 1: 7 tCO2eRevenue: $M 22,433Scope 1 Intensity: 0.00 tCO2e/$MYuexiu PropertyYear: 2024Scope 1: 6,329 tCO2eRevenue: $M 12,895Scope 1 Intensity: 0.49 tCO2e/$MHopson Development HoldingsYear: 2024Scope 1: 2,981 tCO2eRevenue: $M 4,872Scope 1 Intensity: 0.61 tCO2e/$MWharf Real Estate InvestmentYear: 2024Scope 1: 8,888 tCO2eRevenue: $M 1,663Scope 1 Intensity: 5.35 tCO2e/$M

How does Wharf Real Estate Investment's GHG emissions intensity compare to its peers?

In 2024, Wharf Real Estate Investment reported a Scope 1 emissions intensity of 5.35 tCO₂e per millions USD. Compared to the peer group median of 2.93 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Wharf Real Estate Investment rank on GHG emissions intensity within its industry?

In 2024, Wharf Real Estate Investment ranked 22 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Wharf Real Estate Investment among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Wharf Real Estate Investment's Total Carbon Footprint

In 2024, Wharf Real Estate Investment reported a total carbon footprint of 288,436 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 94.2% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Wharf Real Estate Investment's total carbon footprint was Scope 3 emissions, accounting for 48.63% of the company's total carbon footprint, followed by Scope 2 emissions at 48.29%. a

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