China Evergrande Group Sustainability Profile
China Evergrande Group, often referred to simply as Evergrande, is a leading property developer headquartered in Shenzhen, CN. Founded in 1996, the company has rapidly expanded its operations across major regions in China, establishing a significant presence in the real estate sector. Specialising in residential and commercial property development, Evergrande is renowned for its large-scale projects and innovative urban planning. The company has achieved notable milestones, including becoming one of the largest property developers in the world by sales volume. With a diverse portfolio that includes luxury residential complexes, commercial properties, and cultural tourism projects, Evergrande distinguishes itself through its commitment to quality and sustainability. Despite facing recent challenges, its market position remains influential, reflecting its pivotal role in shaping China's urban landscape.
DitchCarbon Score
How does China Evergrande Group'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
China Evergrande Group's score of 15 is lower than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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China Evergrande Group's reported carbon emissions
In 2021, China Evergrande Group reported total carbon emissions of approximately 120.7 million kg CO2e. This figure includes 2,481,280 kg CO2e from Scope 1 emissions and 118,203,530 kg CO2e from Scope 2 emissions. Notably, the company did not disclose any Scope 3 emissions data for that year. Comparatively, in 2020, the group's total emissions were approximately 277.4 million kg CO2e, with Scope 1 emissions at 9,735,440 kg CO2e and Scope 2 emissions at 267,627,400 kg CO2e. This indicates a significant reduction in total emissions from 2020 to 2021. Despite these figures, China Evergrande Group has not established any specific reduction targets or climate pledges, nor have they reported any initiatives under the Science Based Targets initiative (SBTi). The emissions data is cascaded from the parent company, China Evergrande Group, reflecting their current subsidiary status. Overall, while the company has shown a decrease in emissions, the absence of formal climate commitments or reduction targets highlights a potential area for improvement in their sustainability strategy.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 9,735,440 | 0,000,000 |
| Scope 2 | 267,627,400 | 000,000,000 |
| Scope 3 | - | - |
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China Evergrande Group's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
China Evergrande Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
