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 2023, 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 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 Wharf Real Estate Investment's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Wharf Real Estate Investment amounted to 147,605 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 Wharf Real Estate Investment increased by 3.27%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Wharf Real Estate Investment's Scope 1 Emissions Over Time

202020212022202302.5 k5 k7.5 k10 ktCO2e-16%-7%+21%
  • Total Scope 1
  • Year-over-Year Change

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

In 2023, the total Scope 1 emissions of Wharf Real Estate Investment were 7,836 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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

Since 2020, Wharf Real Estate Investment's Scope 1 emissions have decreased by 5.25%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Wharf Real Estate Investment's Scope 1 emissions increased by 21.09%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

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

In 2023, Wharf Real Estate Investment reported Scope 2 greenhouse gas (GHG) emissions of 96,080 tCOâ‚‚e using the market-based method, and 139,769 tCOâ‚‚e using the location-based method.

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 53.41%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), 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.

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

In 2023, Wharf Real Estate Investment reported its Scope 2 emissions using the market-based method and using the location-based method.

Wharf Real Estate Investment's Scope 2 Emissions Over Time

2020202120222023035 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 2023, Wharf Real Estate Investment reported 904 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 Wharf Real Estate Investment 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

Wharf Real Estate Investment's Scope 3 Emissions Over Time

2022202303006009001.2 ktCO2e-24%
  • Total Scope 3
  • Year-over-Year Change

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

In 2023, Wharf Real Estate Investment reported total Scope 3 emissions of 904 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 99.34% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.66% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Wharf Real Estate Investment's Scope 3 emissions decreased by 23.58%, highlighting the company's efforts to lower indirect emissions from its value chain.

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

In 2023, Wharf Real Estate Investment 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 Wharf Real Estate Investment's Scope 3 emissions?

In 2023, the largest contributors to Wharf Real Estate Investment's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 660 tCOâ‚‚e (73.01%)
  • Waste Generated in Operations (Cat. 5): 238 tCOâ‚‚e (26.33%)
  • Franchises (Cat. 14): 6 tCOâ‚‚e (0.66%)

Wharf Real Estate Investment's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(73.0%)Waste Generated inOperations (Cat. 5)(26.3%)

Insights into Wharf Real Estate Investment's Total Carbon Footprint

In 2023, Wharf Real Estate Investment reported a total carbon footprint of 148,509 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.05% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Wharf Real Estate Investment's total carbon footprint was Scope 2 emissions, accounting for 94.11% of the company's total carbon footprint, followed by Scope 1 emissions at 5.28%.

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