China Resources Land

China Resources Land's reported carbon emissions

China Resources Land (CR Land) reported approximately 93.1 billion kg CO2e in total emissions for the year 2024. This comprehensive figure includes Scope 1, Scope 2, and Scope 3 emissions, underscoring the company's broad carbon footprint within its industry of research and development services. For the 2024 reporting period, CR Land's Scope 1 emissions amounted to approximately 34.9 million kg CO2e. Its Scope 2 emissions, calculated using market-based methods, were approximately 507.5 million kg CO2e, while location-based calculations for Scope 2 totalled approximately 495.5 million kg CO2e. Scope 3 emissions were substantial, reaching approximately 736.2 million kg CO2e. In the preceding year, 2023, CR Land's Scope 1 emissions were approximately 35.7 million kg CO2e, and its Scope 2 market-based emissions were around 492.5 million kg CO2e. Scope 2 location-based emissions for 2023 stood at approximately 473.3 million kg CO2e. Scope 3 data was not reported for 2023. The company's emissions reporting shows a downward trend in Scope 1 and Scope 2 emissions between 2017 and 2020. Specifically, Scope 1 and 2 emissions decreased from approximately 497.5 million kg CO2e in 2017 to approximately 749.4 million kg CO2e in 2020, with a notable drop in 2018 to 589.7 million kg CO2e. CR Land's sustainability reporting indicates it is working towards emissions reduction, evidenced by intensity metrics such as "Carbon emission intensity per RMB 10,000 of revenue for operational real estate projects" and "Carbon emission intensity per unit area of operational properties" for 2024. These metrics provide insights into the company's efforts to decouple its operations from carbon emissions. CR Land's emission data is derived from its own reporting. The company's climate commitments and reduction targets are not explicitly detailed in the provided information, with no specific reduction targets or SBTi commitments listed.