Guoco
Guoco, officially known as Guoco Group Limited, is a prominent investment holding company headquartered in Hong Kong. Founded in 1976, Guoco has established a strong presence across Asia, particularly in Hong Kong, Singapore, and Malaysia, focusing on diverse sectors such as property development, hospitality, and financial services. The company is renowned for its unique approach to integrated property development and investment, with flagship projects that exemplify innovation and sustainability. Guoco's notable achievements include its strategic investments in high-value real estate and its commitment to enhancing urban living through quality developments. As a key player in the Asian market, Guoco continues to solidify its reputation for excellence and forward-thinking in the competitive landscape of investment and property management.
DitchCarbon Score
How does Guoco'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 Financial Intermediation 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
Guoco's score of 35 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Guoco's reported carbon emissions
In 2024, Guoco, headquartered in Hong Kong, reported total carbon emissions of approximately 18,992,000 kg CO2e, comprising 11,288,000 kg CO2e from Scope 1 and 20,534,000 kg CO2e from Scope 2 emissions. The Scope 2 emissions were further detailed, with 7,704,000 kg CO2e attributed to market-based accounting and 11,086,000 kg CO2e to location-based accounting. In 2023, Guoco's emissions were slightly lower, at about 22,660,000 kg CO2e, with Scope 1 emissions at 11,029,000 kg CO2e and Scope 2 emissions at 12,136,000 kg CO2e. This indicates a modest reduction in total emissions from the previous year. Over the past few years, Guoco's emissions have fluctuated significantly. In 2022, the total emissions reached approximately 58,874,900 kg CO2e, with Scope 1 at 20,043,500 kg CO2e and Scope 2 at 38,831,400 kg CO2e. The company has not disclosed any Scope 3 emissions data. Despite these figures, Guoco has not set specific reduction targets or climate pledges, nor have they cascaded any targets from parent company Guoco Group Limited. The absence of formal commitments suggests a need for enhanced climate strategies in line with industry standards. Overall, Guoco's emissions data reflects a complex landscape of carbon output, with significant room for improvement in their climate commitments and reduction initiatives.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 15,889,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 7,840,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 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.
Guoco is not participating in any of the initiatives that 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.
