Shimao
Shimao Group Holdings Limited, commonly referred to as Shimao, is a prominent player in the real estate and property development industry, headquartered in Hong Kong. Founded in 2001, the company has rapidly expanded its operations across major regions in China, establishing a strong presence in tier-one cities and beyond. Specialising in residential, commercial, and mixed-use developments, Shimao is renowned for its innovative architectural designs and commitment to quality. The company has achieved significant milestones, including numerous awards for excellence in property development, which underscore its market position as a leading developer in the competitive landscape. With a diverse portfolio that includes luxury residences and large-scale urban projects, Shimao continues to set benchmarks in the industry, reflecting its dedication to sustainable growth and community enhancement.
DitchCarbon Score
How does Shimao's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Shimao's score of 23 is lower than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Shimao's reported carbon emissions
In 2023, Shimao reported carbon emissions of approximately 4,037,140 kg CO2e, comprising 80,140 kg CO2e from Scope 1 and 3,957,000 kg CO2e from Scope 2 emissions. This reflects a commitment to transparency in their emissions reporting, although no specific reduction targets or initiatives have been disclosed. In 2022, the company recorded total emissions of about 13,334,380 kg CO2e, with 1,191,810 kg CO2e from Scope 1 and 12,142,580 kg CO2e from Scope 2. The emissions data indicates a focus on managing energy consumption and reducing carbon intensity, as evidenced by their reported carbon emission density of 60.0 kg CO2e per square metre in 2023. Shimao's emissions have fluctuated over the years, with significant emissions reported in previous years, such as 2020, where total emissions reached approximately 38,471,120 kg CO2e. Despite these figures, the company has not set specific reduction targets or made public commitments to align with science-based targets. Overall, while Shimao has made strides in emissions reporting, the absence of defined reduction targets suggests an opportunity for further commitment to climate action and sustainability initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,115,670,000 | 000,000 | 0,000,000 | 00,000 |
| Scope 2 | 37,317,412,000 | 000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Shimao is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
