Chow Tai Fook Jewellery
Chow Tai Fook Jewellery Group Limited, commonly known as Chow Tai Fook, is a leading player in the global jewellery industry, headquartered in China. Established in 1929, the company has grown to become a prominent name in the design, manufacturing, and retail of fine jewellery, with a strong presence in major operational regions including Hong Kong, Macau, and mainland China. Renowned for its exquisite gold and diamond jewellery, Chow Tai Fook distinguishes itself through its commitment to quality and craftsmanship. The brand has achieved significant milestones, including the introduction of innovative technologies in jewellery retailing and a robust expansion strategy that has solidified its market position. With a reputation for excellence, Chow Tai Fook continues to set trends and redefine luxury in the jewellery sector.
DitchCarbon Score
How does Chow Tai Fook Jewellery'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 Other 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
Chow Tai Fook Jewellery's score of 40 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Chow Tai Fook Jewellery's reported carbon emissions
In 2023, Chow Tai Fook Jewellery reported total carbon emissions of approximately 59,279,000 kg CO2e. This figure includes 1,826,000 kg CO2e from Scope 1 emissions, 56,751,000 kg CO2e from Scope 2 emissions, and 726,000 kg CO2e from Scope 3 emissions. Over the years, the company has shown a commitment to reducing its carbon footprint. For instance, emissions decreased from about 61,244,000 kg CO2e in 2022 to 59,279,000 kg CO2e in 2023. This trend reflects a broader effort to enhance sustainability within the jewellery industry, although specific reduction targets or initiatives have not been disclosed. Chow Tai Fook's emissions data indicates a focus on managing both direct and indirect emissions, with significant contributions from Scope 2, which encompasses energy-related emissions. The company has not yet established formal reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges, suggesting an area for potential growth in their sustainability strategy. Overall, Chow Tai Fook Jewellery is actively monitoring its carbon emissions and is positioned to further develop its climate commitments in the future.
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Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 78,572,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,648,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
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.
Chow Tai Fook Jewellery 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.
